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 23, 2020

The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. Creating A Balance.

Fintech 322

Fintech Cards FDIC Lending 322

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

PYMNTS

APRIL 25, 2016

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. Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. billion valuation for the U.K.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

FEBRUARY 5, 2020

Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk is and where losses may loom — is as much art as science. Within that tally, allowances for credit cards have almost doubled, rising by $5.5 Peeking Under the CECL Hood.

Conference 159

Conference Cards Lending Capital 159

PYMNTS

JANUARY 21, 2021

As CEO Brian Moynihan said on the earnings call to discuss results: “The physical payments of cash and checks have moved to more digital forms which create operational efficiencies for us and has been a strategic initiative for many years, and one that was moved forward by the [coronavirus] crisis.”. Earlier in the month, J.P.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

FEBRUARY 5, 2020

Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk is and where losses may loom — is as much art as science. Within that tally, allowances for credit cards have almost doubled, rising by $5.5 Peeking Under the CECL Hood.

Conference 141

Conference Cards Lending Capital 141

Gonzobanker

MAY 3, 2019

Recent activity in the payments space may push financial institutions to switch card processing providers. Over the past few years we’ve seen rampant innovation in EMV, card controls, contactless and mobile pay apps. Which all happened right on the heels of Jack Henry launching a new card offering.

Cards 79

Cards Training Software Management 79

PYMNTS

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. Consumers who do not qualify for credit cards or become reluctant to use those tools may see BNPL plans as a convenient alternative method for deferring payments.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

MARCH 30, 2020

As COVID-19 saps consumer demand across all manner of verticals, and small businesses bear the brunt of a sudden disappearance of revenues, the firms that lend to those SMBs are feeling heat, too. The company is also reportedly “completely” closing down its Bangalore, India operations. staff, which has 500 employees.

Lending 151

Lending FDIC Fintech Operations 151

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. But as companies in the U.S. The ripple effects will be significant.

Lending 140

Lending Operations Course Marketing 140

PYMNTS

JUNE 15, 2020

By getting cash on the books, there’s the chance to keep going — to continue operating and pay expenses until the horizon is a bit clearer. As we noted in this space back then, miles are a way to keep airlines and various credit cards top of mind and top of wallet for consumers. It’s no secret that not many of us are flying now.

Strategy 249

Strategy Cards Course Examples 249

PYMNTS

FEBRUARY 24, 2020

Radius Bank is not in the lending market, but has $1.4 billion in assets in its own operational book. That would be Goldman Sachs , of course. Card and loan balances should rise over that timeframe from $7 billion to $20 billion — a figure that, of course, includes the Apple Card.

Digital Banking 242

Digital Banking Course Online Management 242

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

South State Correspondent

AUGUST 10, 2023

The reality is, of course, the money is technically there. Banks will move that money from a “master account” via an internal transfer, wire, ACH, card, or other rail to the appropriate destination later that day. Credit cards will be the same way. This allows for greater efficiency through standardization and scalability.

System 195

System Examples Operations Data 195

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.

Company 163

Company Payments Fraud Meeting 163

PYMNTS

OCTOBER 14, 2016

Those are headline numbers, of course, and come in a period where the bank faced a series of high profile scandals, centered around two million sham accounts set up to meet internal targets — an apparently long standing practice that led to the firings of more than 5,300 employees, and just this week, the retirement of CEO John Stumpf.

Course 100

Course Leadership Cards Lending 100

PYMNTS

JULY 7, 2020

There’s no shortage of disruptors — particularly neobanks that promise to change everything from checking to lending — but don’t count legacy players out just yet, Dr. Jud Linville , senior advisor at growth equity firm General Atlantic , told Karen Webster. For alt lenders, that might mean launching a credit card.

Fintech 223

Fintech Innovation Software Technology 223

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

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

Bank Innovation

JANUARY 25, 2018

Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., EXCLUSIVE — It’s not even a month into 2018 and already so much has changed. The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. to the rise of […].

Trends 299

Trends Bitcoin cryptocurrency Taxes 299

Independent Banker

AUGUST 31, 2021

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. You can’t just be the community bank that looks like the bank across the street. You have to give people a reason to bank with you.”.

Community Bank 170

Community Bank Community Lending Leadership 170

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

JANUARY 14, 2021

This, of course, represents a significant opportunity for firms seeking to broaden financial inclusion. Gelebart pointed to a May 2020 announcement with Mastercard, where JazzCash users can apply for physical debit cards, while merchants can accept digital payments from their customers and move toward cashless operations.

Mobile 234

Mobile Payments Course Data 234

PYMNTS

OCTOBER 8, 2019

CUs are no longer confined to operating primarily as regional players, moving beyond the confines of original charters that had limited them to, say, specific communities or employers. 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.

United States 102

United States Millennials Course Lending 102

PYMNTS

MARCH 19, 2019

Behind the billions of dollars — OK, make that tens and tens of billions of dollars — in deal-making that has marked the payments space in the just the first few weeks of 2019, lies, of course … strategy. There’s trust in the system,” he added, which lends itself well to taking on banking infrastructure.

Payments 191

Payments Strategy Course Cards 191

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 We do not operate as a lender,” Paradis explained. to be exact).

Millennials 104

Millennials Cards Lending Payments 104

PYMNTS

DECEMBER 19, 2016

It can tell users their balance and let them know about special deals available for them through their credit cards. Of course, having a bot work with the banking industry is not entirely new. The trio said that they want to bring banking to messengers by applying robots to all operations and communicating better with clients. “We

Big Data 100

Big Data Course Industry System 100

PYMNTS

FEBRUARY 13, 2019

Names, of course, are a big deal, even outside the context of famous 16th century tragedies, which is why a name change is not something to be taken lightly. The company doesn’t intend to open storefronts, but will continue to work through its partner network to help them offer lending services to their customers as a loyalty boost.

How To 144

How To Lending Branding Tools 144

PYMNTS

APRIL 1, 2019

Some of that money — supplied by investors such as Andreessen Horowitz , Nyca Partners and Max Levchin, founder and CEO of alternative lending startup Affirm — will go toward building an identity bureau, which will help lenders and financial firms verify identities. What It Is And How Much It Costs. The Database — And Bureau — Cometh.

Fraud 184

Fraud Security Lending Course 184

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. citizens visit the European Union and wield credit cards to pay — will also see a boost in surcharges.

Fintech 156

Fintech Regulation Course Cards 156

Jeff For Banks

NOVEMBER 19, 2014

But in strategic planning retreats that I moderate, community financial institutions insist that they lend to small businesses. In fact, when I recently spoke to a group of New York bankers, I opined that community FIs would lend to small businesses only if they have three years of operating profit and a building as collateral.

Lending 93

Lending San Francisco Community Community Bank 93

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. Venmo, of course, is not the only major P2P player in the game. Zelle Trends.

Payments 124

Payments Trends Cards Comparison 124

PYMNTS

APRIL 24, 2018

While the small business customers of FairFX propelled the company to post its first-ever profit, corporate customers of Opus and UBS reported more muted figures on dampened corporate lending amid higher market volatility. Its corporate financial services operations helped the financial institution remain resilient, however.

Operations 100

Operations California Report Groups 100

PYMNTS

SEPTEMBER 18, 2019

As Ufford told Webster, past may be prologue, and the future journey toward proving identities may take a hint from the card networks. “ The card networks have essentially given us the roadmap on how to solve identity when they solved card payments.”. The writing’s on the wall from the payments space,” he told Webster.

How To 158

How To Regional Cards Data 158

PYMNTS

JANUARY 23, 2019

While Brexit’s nail-biting saga continues – and as we worry about China , of course, as one of the main engines of economic growth – other warning signs continue to flash, hinting at an addition to the “things to worry about if you have not yet started worrying about them” dance card. (My, My, that dance card’s getting crowded.)

Washington 122

Washington Maine Policies Operations 122

PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. The top of any FinTech’s to-do — and to-keep-doing — list.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133