PYMNTS

JULY 9, 2020

With commercial credit cards historically viewed as a payment vehicle for businesses to make one-off purchases for the office or while on a business trip, the small business credit card has yet to catch up to adoption volumes seen by other payment methods like direct bank transfers in the B2B payments space. Opening Access To Capital.

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PYMNTS

AUGUST 24, 2020

The new upgrades include a credit card processing software, which will help with third-party integrations of credit card processing to allow for more options. That will allow for better information on repairs and help them spot maintenance trends across their vehicle base.

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PYMNTS

DECEMBER 21, 2020

Like many venture capital companies in the payments space, Serent Capital has had a busy year. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million. That was followed on Dec.

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PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption.

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PYMNTS

NOVEMBER 27, 2020

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Consumers are also thinking “virtual” when it comes to gift cards. based FinTech Jassby.

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PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. The trend is not entirely unexpected and can be attributed to the pandemic, with FinTech funding dropping by 37 percent quarter-over-quarter to $6.1 Xtracap Fintech.

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PYMNTS

MARCH 16, 2020

Payhawk , which makes next-generation paperless company cards, closed a 3-million-euro ($3.35 The system has machinations for putting funds into employee credit cards, dealing with invoice payment or collection, and working out transactions via the company software and generating the corresponding reports.

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PYMNTS

DECEMBER 11, 2020

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Capital One Halts BNPL Transactions On Its Credit Cards. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases.

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American Banker

OCTOBER 27, 2023

The credit card company has been seeing late payments and charge-offs jump following the stellar credit trends of the pandemic. But there were signs last quarter that the picture has started to stabilize.

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Accenture

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Chase, Capital One and Synchrony continue to lead issuers with purchase volume growth of over 8 percent YoY?. New partnerships.

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South State Correspondent

AUGUST 16, 2023

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. This bankruptcy profile is a new trend not previously seen.

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PYMNTS

NOVEMBER 24, 2020

Is there anything as awesome as a credit card? Credit cards are the penultimate payments experience that you could say started it all. So deep is our zeal for credit cards that we’re debuting the PYMNTS Provider Ranking of Credit Card Apps here and now, as we track who’s on top and who’s climbing the credit card rankings.

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PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P.

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PYMNTS

OCTOBER 10, 2018

The service will also be used to process payments made via Uber’s gift cards, loyalty and card rewards, redemptions, and other payment offerings. Square has been looking to boost its presence in recent months, announcing it would enter the B2B lending space with Square Capital. How Platform Payments Help The Game Go On.

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PYMNTS

JANUARY 24, 2019

News also has come in the past few weeks that, as evidenced by bank earnings, credit card debt has been on the rise, as have write-offs and provisions for loan losses. As reported via CNBC , the data translates into 86 million Americans (that would be the one in three referenced above) that could max out their cards. The average U.S.

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Bank Innovation

DECEMBER 19, 2017

EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech.

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PYMNTS

NOVEMBER 5, 2020

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Square Card And Card Not Present . Total net revenues of $3 billion were up from $1.9

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PYMNTS

APRIL 10, 2020

It’s an existential threat that can be mitigated going forward, i2c President Jim McCarthy told PYMNTS, by card products – particularly commercial and corporate cards issued by the existing network of banks and FinTechs – and used inventively to solve acute cash flow problems. We] get money to people in need.

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PYMNTS

DECEMBER 26, 2019

It also looks at how banks, card networks and other expense management providers are competing to lure SMBs to their platforms over those of competing services. The bank will soon offer its SMB clients a co-branded corporate card for expense management. How Sysco Uses Credit Cards For More Robust Spend Management.

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The Financial Brand

AUGUST 24, 2023

This article How Proposed Capital Rules Could Hit Credit Cards, Mortgages and More appeared first on The Financial Brand. This article How Proposed Capital Rules Could Hit Credit Cards, Mortgages and More appeared first on The Financial Brand.

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PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. There are two key aspects to the firm’s effort in reducing virtual card acceptance friction.

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PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. Instant Loans And The Speed And Security Balancing Act.

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Independent Banker

AUGUST 31, 2022

In fact, a 2020 Deloitte study found that more than 75% of consumers consider banks and credit card companies to be the best positioned to offer a financial superstore app, compared with technology companies or social media platforms. Security is all. Safety and security repeatedly arise as key factors in customer decisioning.

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PYMNTS

NOVEMBER 4, 2019

Also, Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple -branded credit card. And Capital One is back online after a major outage. Goldman Extends $10B In Apple Card Credit In First Month. Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple-branded credit card.

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PYMNTS

JULY 14, 2020

Card sales volumes are down, but have been consistently trending upward since April,” Dimon said. “We trillion of credit and capital thus far in 2020. The figure also includes $53 billion in credit and capital raised for nonprofit and U.S. JPMC further reported that it has raised more than $1.2 government entities.

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Bank Innovation

OCTOBER 29, 2018

While some like Capital One, whose's CEO Richard Fairbank remained vague about what's […]. Earnings season is almost over, and in the last two weeks most of the big banks and many other FIs had their quarterly earnings calls. During these calls, most of these FIs talked about technology and innovation in some form or another.

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PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

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PYMNTS

NOVEMBER 15, 2019

When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner. ” Recognizing Commercial Card Advantages. .

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PYMNTS

MAY 3, 2018

In the May edition of the Disbursements Tracker , PYMNTS highlights some of the notable disbursement developments changing the way employees get paid, such as with digital escrow tools, and how borrowers, including small- to medium-sized businesses (SMBs), can access capital through their debit cards and instant deposit services.

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PYMNTS

MARCH 1, 2016

In a nod to just how important cybersecurity is becoming to larger firms within the financial space, Capital One said on Monday (Feb. Brought on board, in this case, is literal, as Capital One has created a new seat on its board of directors dedicated to cybersecurity.

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Abrigo

SEPTEMBER 13, 2021

Banking Trends from the FDIC's 2Q Report Net interest margin reached a new record low, but positive signs emerged in lending. Takeaway 3 The future looks brighter, as financial institutions have cash and capital, and opportunities are starting to unfold. Credit trends Non-current loans continue the downward trend; they were $13.2

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Banking Exchange

MARCH 4, 2020

The bank is closing 37 branches and investing in a ‘tailored, personal and accessible’ service for clients Bank Performance Technology Retail Banking Checks/Remote Deposit Capture Cards Profitability Feature3 Survival Strategies Fintech Feature Management Financial Trends Customers Community Banking.

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BankBazaar

JANUARY 22, 2020

Not just that, with proper planning, you can save a ton of cash on airfare and accommodation in the form of Credit Card cashback and discounts. Also, one thing you probably need is a good Credit Card – handy while travelling and also to pick up some travel essentials at discounted prices online. The post TRENDING! That’s right!

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PYMNTS

NOVEMBER 27, 2017

The latest data on small business finance suggests entrepreneurs luckily have a range of options when it comes to seeking working capital as large institutional lenders continue to increase their SMB loan application approval rates. One-fifth also said they use it for marketing initiatives, Reliant Funding found.

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PYMNTS

JULY 16, 2018

Employers are increasingly moving away from depositing paychecks into employees’ bank accounts, offering instead to add them to payroll cards. Payroll cards work like debit cards, allowing employees to purchase goods and services or make cash withdrawals from ATMs. These cards offer myriad advantages to both parties, too.

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PYMNTS

FEBRUARY 12, 2019

Second Measure , a startup that analyzes credit card data and trends and sends out bi-weekly reports to investors, has raised $20 million in a Series A funding round, with Citi Ventures and Goldman Sachs leading the pack in capital, according to a report from Fortune.

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PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

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