Remove Cards Remove Comparison Remove Lending Remove Millennials
article thumbnail

America’s Expanding Debt Footprint (And What It Really Means)

PYMNTS

And not just one branch of underwriting — for a short while there, it seemed like all of it had hit Game Over status — with consumers; SMB and even enterprise-level lending slowed to a near stop. Mortgage balances currently are around 68 percent of disposable income, and credit card balances are less than 7 percent of income.

article thumbnail

Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

“Over the last years, that shift [has intensified],” Parsons said, noting that about two generations ago, the first payment card was not even plastic, but paper — something most consumers today are unable to recall or likely believe. You have to think of it as a complete experience, which lends itself to multiple channels.”.

Retail 137
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

P2P Payments Find Fresh Fuel As The 2020s Loom

PYMNTS

This newest P2P offering follows last year’s move by Venmo to add an option to make an instant transfer through a debit card, which would get the money to a bank account in minutes for a 1 percent fee, with a minimum of 25 cents and a maximum of $10. About a fifth, by comparison, had used Venmo for gambling. Zelle Trends.

Payments 124
article thumbnail

Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Apple 159
article thumbnail

Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Millennial saving & investing app. Online consumer lending. Person-to-person small biz lending platform. Tags: SMB, credit, lending, loans, underwriting, investing, P2P, business loans, crowdfunding. Source: Finovate. Person-to-person lender. Latest round: $59 million Series B ($153 million valuation). million ($1.5

Company 12
article thumbnail

Finovate Fall 2016 Live Blog – Day 1

William Mills

With CRMnext, replacing a lost card or request a new pin is a one button process. Demo: voice conversation with Alexa, able to ask bank account balance, block cards, pay bills, send money to friends. I think cards from Dynamics ARE big in Canada. Bolt on to your bank card and can create a custom integration.

Mobile 40