Lex Sokolin

AUGUST 19, 2020

In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. Arguably, Monzo is the most fragile of the three players despite having a banking license for 2 years and having converted 94% of its prepaid card customers into current accounts for deposits and lending. It’s not impossible.

Comparison 52

Comparison Fintech Lending Analysis 52

PYMNTS

NOVEMBER 11, 2019

And while the last week had no shortage of players pushing ahead with big moves, there were three that managed to put up some pretty staggering early-season numbers. The Apple Card’s Big Launch. According to issuer Goldman Sachs , they have opened up about $10 billion in credit lines in just over month for the Apple Card.

Apple 101

Apple Massachusetts Data Cards 101

NCR

JANUARY 5, 2018

Bank of Cyprus (BOC) is set to launch the world’s first commercial EMV payment card with a built-in fingerprint sensor as part of a partnership with technology provider Gemalto. When they do this, a comparison is made between the scanned fingerprint and the reference biometric data that is securely stored within the card.

Cards 49

Cards Payments Comparison User Experience 49

FICO

MARCH 9, 2020

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. This is almost identical to the existing fraud protection provisions for credit cards. FICO’s Prepaid V1.0

Fraud 52

Fraud Cards Analytics ATM 52

PYMNTS

MAY 13, 2019

The first big change Vengo made to the vending machine , for instance, was its size – its version is a little over two feet tall, a little less than three feet wide and exactly six inches deep, in comparison to a six-foot tall machine. The company also deployed several machines that let customers exchange cash for prepaid Visa cards.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

FEBRUARY 12, 2020

As for the areas where scammers managed the biggest hits, business email compromise (BEC), confidence/romance fraud and spoofing were the top three types of crime in terms of monetary losses. By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400.

Fraud 253

Fraud Handbook Security Comparison 253

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots. That’s a big claim.

Payments 201

Payments Cards Operations System 201

PYMNTS

MARCH 5, 2019

“Innovation is not just about finding the breakthrough technologies, although that is important too. ” Neal agreed that today, the oil and gas sector has seen a boom in technological innovation on the front lines. “You have to look at the book seller market before Amazon,” he said.

Industry 148

Industry Operations Analysis Innovation 148

PYMNTS

NOVEMBER 20, 2020

But as the pandemic has progressed it has become increasingly clear that Target is also laying claim to the paycheck, and is often more innovative and digital-first than Walmart. By a strict look at the macro numbers, Target still pales in comparison. And when attention turns to loyalty programs, the comparison is even more dramatic.

Comparison 165

Comparison Strategy Retail Minneapolis 165

FICO

MARCH 10, 2022

One of the most interesting takeaways for me is that banks have an opportunity for proactive, personalized customer communication, in the channel of their choice, to provide fraud detection and fraud prevention, as well as to manage fraud cases so that they can be bought to a conclusion more quickly and with a better customer experience.

Fraud 52

Fraud Survey Cards Customer Experience 52

PYMNTS

APRIL 16, 2018

At the intersection of data privacy and security and payments innovation lies friction, possibly, for the consumer experience. Generally speaking, and regardless of vertical, he said, “you need to be able to segment your systems fundamentally and keep your individual consumer data separate from the card data.”.

Mobile 106

Mobile System Data Course 106

PYMNTS

NOVEMBER 22, 2019

“We always strive to introduce additional access points in the Chipotle ordering experience and overall digital ecosystem,” Chipotle Vice President of Digital Strategy and Product Management Nicole West said in an announcement. In addition to Alexa, the restaurant chain is also turning to other digital innovations.

Retail 139

Retail Strategy United States Comparison 139

Lex Sokolin

SEPTEMBER 16, 2020

You might think the comparison is daft. Excel, and spreadsheets more generally, are the default behavior for managing personal finances. If we assume this audience controls $2–5 trillion of assets across investment management custodians, we would estimate $500 billion to $1 trillion of assets sitting in Microsoft Excel today.

Google 52

Google Data Software Comparison 52

PYMNTS

NOVEMBER 29, 2017

As a point of comparison, U.S. Florida, which recently legalized medical marijuana, saw its issuing of state ID cards slowed dramatically because Bank of America rather adamantly refused to touch online payments for medical marijuana cards. consumers spent a roughly equivalent amount ( $55 billion ) on smartphones last year.

blockchain 102

blockchain Industry District of Columbia Florida 102

Insights on Business

AUGUST 28, 2019

They’ll do odd stuff like take money out of an ATM and put it back in to drive up their apparent activity, or run up a credit balance on a card, or all take out home equity lines of credit (HELOC’s) for the same amount, etc. Design “policy rules” in cooperation with higher powers in risk management.

Fraud 93

Fraud Training Cards Data 93

PYMNTS

AUGUST 12, 2016

So, while seemingly paling in comparison, this week had its fair share of Sizzles — and some interesting Fizzles. Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. Here ya go… SIZZLE.

Lending 100

Lending Apple Cards Study 100

NCR

AUGUST 12, 2016

The evolution of digital technologies means people can pay for goods and services with a swipe of their card, a flick of the phone or even by waving their watch. It’s perhaps not difficult to see why, in comparison, cash seems an old-fashioned way to complete everyday transactions – leading many people to predict its demise. .

Cards 40

Cards Survey Comparison Technology 40

PYMNTS

NOVEMBER 2, 2020

“ Membership has its privileges ” was the nine-year ad campaign launched by American Express in 1987 to persuade consumers that it was worth it to pay an annual fee for one of its charge card products. As the slogan implied, being an American Express card member was the only way to unlock those benefits. Walmart+ launched on Sept.

Millennials 246

Millennials Retail Online Report 246

Insights on Business

AUGUST 28, 2019

They’ll do odd stuff like take money out of an ATM and put it back in to drive up their apparent activity, or run up a credit balance on a card, or all take out home equity lines of credit (HELOC’s) for the same amount, etc. Design “policy rules” in cooperation with higher powers in risk management.

Fraud 70

Fraud Training Cards Data 70

NCR

APRIL 4, 2016

Card controls. It gives consumers an on/off switch for their cards so it’s possible to immediately take action if a card is lost or stolen. Finally, it also lets people manage companion cards – for example a parent can have control of their child’s spending by setting controls on their card.

Examples 40

Examples Cards Data Comparison 40

Lex Sokolin

NOVEMBER 12, 2020

When the old world wobbles, the new one seems more safe by comparison. For comparison, Visa today sits at about $420 billion in market capitalization, representing the discounted cash flows of owning a payment network. banks, card issuers, e-commerce sites, point of sale terminals, regulators, and so on. The election’s end?—?and

blockchain 52

blockchain Bitcoin Software National 52

PYMNTS

FEBRUARY 2, 2019

3), the numbers put up by the players on the field will pale in comparison to the dollars that advertisers, sports enthusiasts, snack food aficionados and brands will put up, just so they can be part of America’s largest television viewing event. Then again, so is winning the Super Bowl, yet someone manages every year. Go Pats!

Boston 150

Boston Retail Branding Payments 150

William Mills

MAY 9, 2018

How they describe their product/innovation: Project Finance is a personal finance application that shows users the future of their finances based on all the choices and decisions they’re making today. one solves the low accuracy level of automated conversational applications with its Conversational Data Management Platform. oneconvers.

Security 40

Security Samsung Strategy San Jose 40

Lex Sokolin

SEPTEMBER 3, 2020

These gears of computational machine enable core banking, portfolio management, risk assessment, and underwriting in the guise of various companies. As a comparison, we have always needed light, but the technology of light?—?from from fire, to gas lamps, to incandescent bulbs, to LEDs?—?evolves Will there be convergence?

blockchain 52

blockchain Software Capital Technology 52

MyBankTracker

AUGUST 13, 2020

Work for a company on First Tech’s innovative partners list in Oregon. This includes both the absolute amount you owe and the amount you owe in comparison to your credit card’s limits. Avoid maxing out your credit cards and pay down your balances by as much as you can to give your credit score a boost.

Oregon 52

Oregon Lending Payments Meeting 52

Lex Sokolin

SEPTEMBER 23, 2020

To the extent it pipes people to banking product, that goes to a $500 million market capitalization public company that makes prepaid cards. It gets to claim to be a technology-first player and focus on machine learning for its algorithms, rather than thinking about how to manage some investment management pie to have assets hit liabilities.

Capital 52

Capital Software Lending Apple 52

CB Insights

DECEMBER 5, 2017

XL Innovate. Assurant most recently made a $5M investment in professional rental management company Vacasa , while AIG made investments in 2015 in construction-site wearable safety firm Human Condition Safety and cyber defense services and compliance firm K2 Intelligence. American Family Ventures. Aviva Ventures. iNSIDE INSURANCE TECH.

Strategy 28

Strategy Marketing Analytics Innovation 28

CB Insights

JULY 16, 2017

XL Innovate. HCS went through a major management shakeup in November 2016 when former AIG head of commercial insurance strategy and innovation Greg Wolyniec joined as president and CEO, while AIG president of liability and financial lines Alexander Baugh was named chairman of HCS’ board of directors. Allianz Ventures.

Strategy 28

Strategy Marketing Analytics Innovation 28

Jeff For Banks

DECEMBER 22, 2013

For comparison purposes, here are last year''s top five , as measured during December, 2012: #1. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. BofI Holdings, Inc. #2. BofI Holdings Inc.

Community Bank 84

Community Bank Atlanta Community Strategy 84

CB Insights

AUGUST 26, 2021

This year, SoftBank has also backed wealth management app M1 Finance , banking-as-a-service provider Zeta , and money transfer app Afriex , which received one of the few seed investments SoftBank has made this year. Enterprise. Latin America was one of the fastest-growing regions for fintech funding in 2019. Auto/mobility. in November 2019.

Regional 94

Regional Fintech Analysis Company 94

William Mills

SEPTEMBER 7, 2016

With CRMnext, replacing a lost card or request a new pin is a one button process. Data and Analytics are a profit center rather than something that just needs to be managed. Demo: A Wealth Management Company (ACME)– GoodData can embed analytics directly in ACME’s dashboard. I think cards from Dynamics ARE big in Canada.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

NOVEMBER 20, 2018

Another Road to Damascus moment — or, perhaps a series of moments, as so much innovation and creativity, contrary to popular conception, is incremental, not sudden — happened during his tenure at Western Union. How new does something have to be for it to qualify as innovation? Innovation in the industry is expected.

Payments 186

Payments Innovation Mobile Comparison 186

Fintech Labs Insights

NOVEMBER 23, 2015

Prepaid card platform. Prepaid card services. Wealth management system for advisors. Peppermint Innovation. Tags: Consumer, B2B2C, credit/debit card, payments, security, token, hardware. Latest round: $10 million. Total raised: $10 million. HQ: New York City. Source: FT Partners. Latest round: $9 million.

San Francisco 12

San Francisco Company Fintech New York City 12

Fintech Labs Insights

MARCH 28, 2016

In total, there were 13 fintech startups (or 15 by the Bank Innovations definition ), 12% of the total YC W16 class of 109. Credit management tools. Real estate investing management platform for consumers. Debit card with company-driven expense rules. Nigerian online credit card processor. Source: Crunchbase.

Company 12

Company Fintech San Francisco New York City 12

PYMNTS

MAY 6, 2016

The latest CyberSource annual report on online fraud tells the tale of card-not-present fraud not just going down, but going down by a whole big bunch – across all channels. Mobile was down, online was down and even cross-border fraud was down. Snapchat’s new shoppable ads have put new meaning into the term “impulse purchase.”

Apple 100

Apple Branding Fraud Bitcoin 100

PYMNTS

JULY 20, 2017

And while to American audiences who are perhaps just beginning to warm to the idea of using Apple Pay or PayPal in a physical store, more interesting is that a short three years ago cash was very much still king among Chinese consumers, as card use has always been a somewhat limited phenomenon. The New Million Dollar Question.

Apple 137

Apple Mobile Cards New York 137

PYMNTS

AUGUST 15, 2018

It builds profiles based on customers’ gestures, using them as comparison tools whenever a consumer revisits the site. The general aim of the PSD2 is payments innovation. For instance, Mastercard has a plan for fingerprint-scanning cards in the U.K. The payments firm is reportedly already testing the card in South Africa.

Fraud 112

Fraud Software New York Security 112