CFPB Monitor

OCTOBER 17, 2022

Last week, the CFPB released its eleventh annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations).

Cards 78

Cards Report Regulation FDIC 78

Lex Sokolin

AUGUST 19, 2020

Now, in 2020, with a few years of licensed banking operations, we can take a sober look at what the data is really worth today. In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. While this sounds good, we now see that the math is a real struggle. Take the counter example.

Comparison 52

Comparison Fintech Lending Analysis 52

PYMNTS

MAY 13, 2019

In order to make a payment, consumers can add their UnionPay cards to a mobile app and tap “Pay and Receive” to allow the cashier to scan a QR code or scan a retailer’s QR code signage. In Asia, cash transactions are still very popular in Vietnam in comparison to other ASEAN countries due to its low banking penetration, VN Express reported.

Comparison 108

Comparison Technology Cards Mobile 108

PYMNTS

AUGUST 15, 2019

People might draw comparisons in response — wait a second, isn’t this kind of like? — A hub was about the problem of having wallets different from cards (that are different from bank accounts and other forms of payment). A company could have a switch between two different card processors.

Fintech 186

Fintech Software Comparison Cards 186

PYMNTS

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. So, use your credit card to buy cryptocurrency that you give a scammer and you might be stuck.

Bitcoin 233

Bitcoin cryptocurrency Fraud Cards 233

PYMNTS

APRIL 2, 2020

consumers, who made almost 73 billion non-prepaid debit card transactions in 2018 – and the final 2019 number is bound to be bigger. Card networks attract merchants with promises of faster, more accurate debit routing, and merchants pay handsomely to transact across these networks. Debit has never been more popular with U.S.

Cards 130

Cards Comparison Fraud Retail 130

South State Correspondent

NOVEMBER 14, 2023

Look at the comparison below: On the surface, both banks are similar. For the future, it means leveraging data and generative AI to provide more insight into customer finance and operations. This can be done with a product such as trust ( Thrivent ), credit cards ( Credit One ), or captive financing ( Eaglemark Bank ).

Strategy 195

Strategy Technology Compliance Marketing 195

Abrigo

OCTOBER 22, 2019

In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale. Their goal is to compromise the merchant’s payments processing account and steal all of the payment card data processed by the merchant.

Fraud 150

Fraud Cards Data Payments 150

PYMNTS

JANUARY 24, 2019

Those questions also speak to the seemingly impossible tension in the world of payments and new card accounts: how to onboard and authenticate consumers as quickly and seamlessly as possible, while also protecting them and the institution from fraud. Hint: The criminals know the difference.) However, that’s hardly the whole situation.

Fraud 174

Fraud Cards Data Comparison 174

PYMNTS

NOVEMBER 11, 2019

Early accounts seem to indicate that the just-launched Apple -branded credit card is finding its way into customers’ hands, and into heavy use. According to issuer Goldman Sachs , they have opened up about $10 billion in credit lines in just over month for the Apple Card. Of that $10 billion, Apple Card?

Apple 101

Apple Massachusetts Data Cards 101

PYMNTS

JUNE 29, 2020

As things now stand, Wirecard is shaping up to be one of the biggest financial frauds in years, drawing at least some comparisons to Enron from decades past. The New York Times noted on June 26 that stock research services targeting short sellers (who bet that prices will decline) had been signaling that Wirecard was a “house of cards.”

New York 178

New York Comparison Fraud Cards 178

Abrigo

MAY 11, 2021

Not only has the pandemic impacted businesses by shortening operating hours or closing businesses altogether, but it has introduced stimulus money that those same businesses have come to rely on as part of their cash flow, creating new challenges to testing the creditworthiness of prospective borrowers. 20/30/50 split over three years).

Analysis 195

Analysis Lending Taxes Comparison 195

PYMNTS

MAY 9, 2018

Green Dot on Wednesday (May 9) reported that total operating revenue increased 25 percent year over year in the first quarter, to $315 million. A “material contributor” to growth in the first quarter included the new branded prepaid card for TurboTax customers, CEO Steve Streit said on the post-earnings conference call Wednesday.

Taxes 100

Taxes Comparison Conference Branding 100

PYMNTS

MAY 13, 2019

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. The wall-mounted machine also has a 21-inch screen for consumer interaction, and comes ready to accept near-field communication (NFC) contactless and card payments.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

MAY 13, 2019

Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ). The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app.

Payments 198

Payments Apple Cards Course 198

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. as of January 2019.

Payments 201

Payments Cards Operations System 201

PYMNTS

MAY 11, 2018

UPbit services, such as all transactions and withdrawals, are operating normally. By comparison, the cryptocurrency’s value was around $7,600 in February, a level that represented a new two-month low. Your assets are kept securely in your account.” Following the news, bitcoin dropped 5.5 percent to a little over $8,500.

Bitcoin 101

Bitcoin cryptocurrency Comparison Taxes 101

PYMNTS

DECEMBER 8, 2016

gas station owners to install EMV chip card readers at the pump. Estimates show that gas station operators might have to spend as much as $30,000 per location to bring the payment tech up to snuff (regardless of the deadline), as noted by the National Association of Convenience Stores. percent of total payment fraud in the U.S.

Mobile 100

Mobile Fraud Cards Comparison 100

PYMNTS

AUGUST 23, 2019

By way of comparison, through the first three quarters of 2018, FinTech investments stood at $2 billion. To that end, among the standouts: Pine Labs, with operations in India (but incorporated in Singapore) received the equivalent of $102 million from its parent company to acquire Qwikcilver , per an agreement earlier this year.

Fintech 109

Fintech Report Capital Comparison 109

PYMNTS

NOVEMBER 1, 2018

For smaller nonprofits such as those served by Stewardship, technology investment may be relatively lacking in comparison to retail, restaurants and other verticals where resources are less constrained. Onboarding of these small firms needs to happen in a streamlined manner, which is crucial as they seek to expand their donor base.

Ohio 141

Ohio Software Resources Comparison 141

PYMNTS

JUNE 20, 2019

That comparison may not be 100 percent on the mark, but the truth is this: Legal pot operations are joining the legitimate business world, and more evidence of that will come after the markets close on Thursday (June 20). Women have become involved in all facets of the legal cannabis operations across the United States and Canada.

Retail 109

Retail Colorado United States Comparison 109

PYMNTS

MARCH 20, 2019

company-operated transactions. By comparison, mobile ordering and payment accounted for 9 percent of those transactions in the fiscal third quarter of 2017. Customers who link their loyalty membership to a prepaid card or Starbucks Rewards Visa credit card will not have to worry about expiring points. times a year.

Los Angeles 183

Los Angeles Retail Philadelphia Miami 183

PYMNTS

APRIL 4, 2018

By comparison, Sela said 60 percent of the big pizza chains’ business is digital, leaving room for small pizzerias to grow their digital order base. The payments system is flexible, allowing customers to pay by cash or credit card. In comparison to other food delivery platforms, Slice is not a discovery play. The Whole Pie.

San Francisco 128

San Francisco Comparison social media Online 128

PYMNTS

NOVEMBER 1, 2017

In a statement that accompanied the release, CEO Jeffrey Yabuki said that the earnings growth came despite “pressure from lower periodic revenue in the quarter” and tough comparison for EMV card production revenue growth as measured year over year. .

Payments 128

Payments Comparison Conference Management 128

PYMNTS

JULY 10, 2019

This is a much bigger issue for digital platforms than brick-and-mortar businesses, since fraud liability lies with the seller in “card-not-present” transactions. By comparison, fraud itself is considered a top friction point by only 16.4 Nearly one-third (30.4 percent) or losing too much money to fraud (4 percent). For example, 90.2

Fraud 140

Fraud Strategy Study Comparison 140

PYMNTS

MARCH 5, 2019

That’s in stark contrast to the “front office” operations of the sector, according to analysis by DNV GL, an oil and gas industry advisory firm. Unfortunately, back-office operations, like procurement, haven’t quite caught up with that digitization mindset the industry enjoys in the field. ”

Industry 148

Industry Operations Analysis Innovation 148

PYMNTS

AUGUST 14, 2019

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

Payments Trends Cards Comparison 124

PYMNTS

JULY 3, 2019

For instance, the first big change Vengo made to the vending machine was its size — its version is a little over 2 feet tall, a little less than 3 feet wide and exactly 6 inches deep, in comparison to a 6-foot tall machine. The eCommerce retailer reportedly plans to install 100 kiosks in malls across India by the end of 2019.

Retail 122

Retail eBook Philadelphia Austin 122

PYMNTS

DECEMBER 24, 2019

By comparison, ownership of smart TVs has increased just 5 percent, and ownership of connected cars has increased 3 percent since 2018. 26, the eCommerce operator — via its Alexa Skills Kit Blog — announced the debut of “two new Alexa capabilities that will help create a more natural and intuitive voice experience for your customers.”.

Cards 160

Cards Payments Study Examples 160

BankBazaar

NOVEMBER 18, 2021

In 2011, just a small percentage of the approximately 10 million retailers expected card payments, according to the same paper and around 145 million households were not connected to the banking system. Home Loans , Credit Cards , Personal Loans , all can be obtained through contactless process. In comparison to Rs.

Payments 78

Payments Cards System National 78

PYMNTS

MAY 28, 2019

million buyers who operate in industries such as website development, logo design and blog writing. The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. billion – of funds were lost to card fraud in 2018, up from $1.4 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JUNE 26, 2019

As well, the operators of unattended retail reportedly do a poor job with the data gain from those operations. The first big change Vengo made to the vending machine 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.

Retail 108

Retail Comparison Report Operations 108

PYMNTS

FEBRUARY 14, 2018

.” But that news comes as a bank in India has banned customers from using its cards to buy cryptocurrencies, India Times reported. A representative of Icelandic energy company HS Orka told the BBC that bitcoin mining operations use 840 gigawatt hours each year, in comparison to a home’s typical use of only 700 gigawatt hours.

Bitcoin 100

Bitcoin Rhode Island cryptocurrency New Hampshire 100

PYMNTS

NOVEMBER 22, 2019

The company intends to refresh stores at a slower clip to keep more locations fully operational. It said the project would bring in $400 million of operating profit by next year. The selling season is shorter this year, however, with six fewer days from Thanksgiving to Christmas in comparison to last year.

Retail 139

Retail Strategy United States Comparison 139

FICO

AUGUST 16, 2022

The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. The solution offers a variety of account management metrics, along with month-over-month and year-over-year comparisons, as well as 25-month trends. This is only a 3.6%

Trends 52

Trends Industry US Cards 52

PYMNTS

JULY 2, 2019

The golden age of product reviews and price comparisons. That’s the story told in a new PYMNTS interview with Jason Hardy, chief operating officer at AgeChecker.Net. The main weak spot when it comes to age verification for tobacco and nicotine products is not eCommerce operations, but mass merchant and convenience stores, he said.

Retail 163

Retail Online Software Comparison 163

PYMNTS

DECEMBER 16, 2019

It functions similar to a medical discount card program (not insurance), and enables those price comparisons and access to discounts, often via the company’s partnerships with retail drug providers, including some of the country’s biggest chains. “You can easily pull up the nearest pharmacy, and see what the cost will be.”.

Mobile 142

Mobile Retail Innovation Course 142