PYMNTS

AUGUST 20, 2019

And the conventional wisdom on alternative lending comes in for a gut check as more merchants learn how to reverse the course on subscription churn. Data: $800 billion+: Market cap of Google parent Alphabet. 18 percent: Average current interest rate for credit cards.

Payments 130

Payments Millennials Google Lending 130

PYMNTS

JULY 27, 2017

But included in this report are stats that earned a bit less attention: Credit and debit cards currently account for 11 percent and are headed to increase only slightly by 2020 to make up 12.5 We sit around and go, ‘Why aren’t companies looking into virtual cards as an option?’”. That’s really what we come up against.”.

Cards 101

Cards Payments Course Security 101

PYMNTS

MAY 31, 2019

Silly question — of course you are. As has been reported, Global Payments is the third largest merchant acquirer in the United States, while TSYS is the third largest card processor in the country. PayPal Hits $10B SMB Lending Milestone. Citi Said ‘Thanks, But No Thanks’ To The Apple Card. Are you ready for the weekend?

Lending 122

Lending Payments Apple social media 122

PYMNTS

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. percent year over year as of the second week of August, and total lending is up 4.7 It is not what Wall Street was hoping to see out of the market.

Lending 100

Lending Taxes Rhode Island Regional 100

PYMNTS

AUGUST 20, 2020

To that end, as evidenced by a number of statistics (and no shortage of commentary), the Main Street lending program — designed to, well, help Main Street — is falling short. The Main Street lending program is focused on companies that cannot raise funds in the capital markets through issuing, say, bonds, or selling equity.

Maine 218

Maine Lending Pennsylvania Boston 218

PYMNTS

DECEMBER 4, 2020

In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises. The banks signing on to the new offering include marquee names such as Goldman Sachs, Barclays and Citigroup.

Lending 224

Lending Meeting User Experience Innovation 224

Gonzobanker

APRIL 14, 2021

In 2020, almost all financial institutions saw record growth in Small Business Administration lending with the Paycheck Protection Program, mortgage origination and home equity loans, and deposits. A slowdown in that momentum is already evident in 2021, especially with more traditional lending and interchange revenue. Contact me.

Analytics 167

Analytics Cards Lending Strategy 167

PYMNTS

JANUARY 20, 2020

Wall Street being Wall Street was focused, at least in part, on trading and asset management revenues, which rebounded strongly in the fourth quarter, up double-digit percentages in most cases amid record high stock markets. credit and debit cards. In the U.S., billion cross U.S.

Cards 134

Cards America Course Mobile 134

PYMNTS

APRIL 25, 2016

The market saw its first tech IPO, an SME cybersecurity company, and we have the details on how much it raised. Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. It’s all below in our weekly B2B Data Digest. . .

Fraud 100

Fraud Cards Lending Analysis 100

Abrigo

OCTOBER 28, 2020

Key Takeaways Financial institutions are currently awash with liquidity and competitive markets are squeezing rates. Credit card loans carry a higher rate presumably due to larger losses on credit extensions. Of course, there are many funding options to consider, but the issue is how much incremental spread do we add.

Lending 195

Lending Risk Management Management Community 195

PYMNTS

FEBRUARY 24, 2020

The key here is that buying Radius Bank brings together two disparate companies with a presence in different markets. Radius Bank is not in the lending market, but has $1.4 The move takes Morgan Stanley down market a bit, deeply into online stock trading. That would be Goldman Sachs , of course.

Digital Banking 242

Digital Banking Course Online Management 242

PYMNTS

JUNE 8, 2020

billion hit in April, with revolving debts like credit cards taking the hardest hit — falling by a steep 64.9 In some cases, credit-card holders increasingly complain about banks slashing their credit limits or canceling their cards involuntarily. According to the latest Federal Reserve data , U.S. consumer borrowing dropped 19.6

Cards 144

Cards Millennials New York Lending 144

Independent Banker

JANUARY 31, 2022

In this challenging labor market, how do you make sure you retain new talent? But, in this challenging labor market, how do you make sure you retain new talent? If a teller is interested in learning about lending, don’t wait for a job opening. Enroll them in a training course or give them a special lending project.

Lending 91

Lending Community Millennials Training 91

PYMNTS

FEBRUARY 20, 2018

The stock market — despite a fairly steepWh correction a week ago — is still well ahead of where it was a year ago and is trending up. Unemployment is at historic lows, wages are rising given the tight labor market and consumer spending has been keeping pace. Credit Card Troubles. By many measures, the economy looks strong.

Lending 105

Lending Cards America New York 105

PYMNTS

MARCH 22, 2019

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. As noted just this week, Citigroup has decided that it will scrap its plans to bring a crypto to market after several years of trying.

Bitcoin 123

Bitcoin social media Lending cryptocurrency 123

PYMNTS

MARCH 30, 2020

We note, too, that interest rates have plummeted in the wake of Fed rate cuts and declining Treasury yields, and so any variable rate resets are likely to offer less-than-stellar returns on this lending, as the banks have to put up the money to fund the revolvers. Commercial paper, itself a market worth more than $1.1

Lending 140

Lending Operations Course Marketing 140

PYMNTS

OCTOBER 15, 2020

But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. At least in terms of third-quarter results that gave insight into card spending and charge-offs.

America 171

America Cards Mobile Management 171

PYMNTS

DECEMBER 7, 2020

It might be hard in the midst of roaring markets and headlines trumpeting Dow 30,000 to remember that one of 2020’s highest high-flyers has been the special purpose acquisition corporation, or SPAC. And SPAC initial public offerings (IPOs) keep on coming, bringing companies to market in what seems like a continuous spate of new listings.

Online 161

Online Marketing New York Report 161

PYMNTS

SEPTEMBER 25, 2019

That can be easier said than done, of course, but in a new PYMNTS discussion with Karen Webster, Laurin Nabuko Hainy, founder and CEO at FairMoney , gave a tour of the emerging payments landscape in Nigeria and offered lessons that can be applied to other developing markets. Nigerian banks don’t like to lend,” Hainy said.

How To 130

How To Lending Digital Banking Examples 130

PYMNTS

JUNE 25, 2018

And so, the two-sided market lives on. In a ruling Monday morning (June 25), the Supreme Court of the United States ruled that American Express , the third-largest card network in the U.S., Amex competes with them by using a different business model, which focuses on cardholder spending rather than cardholder lending.

Ohio 103

Ohio Cards Exercises United States 103

PYMNTS

JANUARY 14, 2020

Making the most of those relationships served as the foundation of a new PYMNTS interview with Matthew Carpenter, senior vice president, market director for Elan. For its part, Venmo now has an option to transfer money to the bank without a debit card for the same fee. And it’s not only credit products that are in play, he said.

Innovation 160

Innovation Payments Millennials Cards 160

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Blockchain, of course, isn’t only to blame. Marketplace Lending. Blockchain. Digital banks. Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

FICO

JANUARY 19, 2023

It’s a trend that’s being driven by the relentless focus on customer experience thanks to the agile fintechs and disruptors operating across numerous markets. How credit and debit card spending and borrowing are changing over time. It’s an expectation that also applies to banks and financial services firms.

Lending 52

Lending Strategy Analytics Data 52

PYMNTS

JULY 8, 2016

Walmart Pay released its six-month report card , with some pretty interesting stats: ubiquity at all 4,600+ stores, high usage, high repeat usage, rave reviews from their users and a growing crop of brand evangelists that, Walmart Pay execs say, have become an effective recruiting engine. Investor Confidence In Marketplace Lending.

Lending 101

Lending Samsung Online Capital 101

BankBazaar

AUGUST 7, 2019

Access to credit products such as Credit Cards and loans may be rather easy today, but it wasn’t the case till a few years ago. It can safely be said that Credit Cards and loans are slowly becoming part and parcel of a millennial’s spending culture. Check out these amazing offers on Credit Cards! New to credit?

Millennials 60

Millennials System Lending Trends 60

Independent Banker

AUGUST 31, 2021

A profitability strategy has a lot to factor in given today’s uncertain market. A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. Build a lending niche. a rural market with about 1,300 residents. “We

Community Bank 170

Community Bank Community Lending Leadership 170

PYMNTS

SEPTEMBER 14, 2020

There are more than a few mind-blowing stats about Amazon , most of them having to do with its 44 percent of the eCommerce market, or maybe the $88.9 In mid-August, the company announced that it will infuse $100 million in capital into the Amazon seller system, along with legal and marketing advice.

Capital 214

Capital Long Beach Branding Guidelines 214

PYMNTS

JANUARY 18, 2017

For WEX clients, that not only means money to expand businesses but that means a chance to finance the services they buy from WEX, including fleet card solutions. It’s a tie-up that combines two different methods for small businesses to access financing: commercial cards and alternative finance. Announced Tuesday (Jan.

Lending 100

Lending Cards Capital Online 100

PYMNTS

SEPTEMBER 15, 2017

Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. Lending money beyond what people can bear is the hallmark of predatory lending, she emphasized, and that’s not going to help the customer.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

OCTOBER 8, 2019

To get there, to increase awareness and interest on the part of younger consumers, CUs, of course, must look to digitize their products and services. Traditionally, he said, CUs have been well known when it comes to auto lending, and they have been making inroads into mortgage lending. There’s a younger generation in the U.S.

United States 102

United States Millennials Course Lending 102

PYMNTS

APRIL 24, 2019

Of course, those more than beat the national average on checking accounts, which is currently at a 0.08 percent interest rate, while money market accounts return an average 0.21 Wealthfront launched as a company that offered financial planning, investment management and lending through its portfolio line of credit.

FDIC 108

FDIC New York Community Bank Course 108

PYMNTS

NOVEMBER 22, 2018

London, of course, has for years been a nerve center for financial services in the region, which has been an integrated landscape of members spanning the European Economic Area (EEA) freely accessing each other’s markets. basic access” to the bloc’s financial markets. do not have cards. Covering Their Flanks.

Fintech 156

Fintech Regulation Course Cards 156

PYMNTS

AUGUST 5, 2019

But federal law still views marijuana as an illegal substance, which prevents most financial institutions, payment card networks and other providers from taking part in those sales. Skillfully created and placed shell companies, of course, can greatly complicate such matters. Ultimately, we are in it together,” he said.

Company 163

Company Payments Fraud Meeting 163

PYMNTS

SEPTEMBER 8, 2016

Online lender Social Finance Inc has clearly decided to embrace the “go big or go home” mantra with its latest push for funding in the face of generally waning enthusiasm about the whole tech-backed lending concept. SoFi is considering setting its sights a bit lower. Between Brexit impacting U.K. billion in funding.

Lending 100

Lending Marketing Course Trends 100

PYMNTS

NOVEMBER 17, 2017

credit cards, but averages can be a bit misleading. For example, that figure includes a full 30 percent of Americans who don’t carry or use a credit card at all. The average credit card-wielding American carries about four different cards (3.7 The average American carries 2.6 to be exact). A Better Deal for Merchants.

Millennials 104

Millennials Cards Lending Payments 104

PYMNTS

MARCH 15, 2017

It may be no surprise that banks stocks were widely higher, given the fact that higher interest rates presage growing returns on lending activity, which should boost margins and even dividend payouts. That spells higher payments from consumers, of course. Those names, and others, helped drive the Dow up 50 basis points on the session.

Lending 116

Lending America Course Marketing 116

PYMNTS

JUNE 26, 2018

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. Debt, Kapfidze noted, is up over a trillion dollars in the last decade, as the market has recovered and shot past its previous highs.

Millennials 116

Millennials Lending United States Comparison 116