PYMNTS

FEBRUARY 18, 2020

Digital banking and payments firm i2c is partnering with FinTech healthcare credit card SmartHealth PayCard , i2c announced on Tuesday (Feb. SmartHealth PayCard is enabled with the agile processing of i2c and is offering the first healthcare-only credit card.

Cards 175

Cards Digital Banking Fintech Mobile 175

PYMNTS

DECEMBER 27, 2019

The PYMNTS December 2019 Credit Union Tracker looks at the changing topography of the CU space, as digital transformation challenges the “all for one, one for all” mentality that has undergirded their business model since the 1800s. Strong balance sheets in key areas like credit card debt ($64.4 A Small Change It’s Not.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

JULY 8, 2019

InstaReM is currently preparing to apply for one of five (two retail, three wholesale) digital banking licenses that the city-state of Singapore announced it would be issuing earlier this month. Not without uses, not unimportant and a transitional step into the market for some consumers, but also not really a next-level innovation.

Digital Banking 176

Digital Banking Innovation Cards Lending 176

PYMNTS

DECEMBER 10, 2019

million customers in 25 markets in Europe. N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal. Since the initial product launch in 2015, N26 has reached more than 3.5 N26 started rolling out in the U.S.

Digital Banking 131

Digital Banking Cards US FDIC 131

PYMNTS

SEPTEMBER 30, 2019

Once upon a time in the 1960s, banks were building a series of one-off card-based solutions, much the way today in the ending days of the 2010s we see global digital banking, mobile wallets and alternative underwriting schemes building one-off tech-based solutions for financial services products. So today (Sept.

Marketing 211

Marketing Fintech Cards Branding 211

PYMNTS

OCTOBER 9, 2019

Commercial payments company WEX has announced a collaboration with Mastercard that will allow the firm to issue virtual cards in the Middle East. 8) that it will be able to issue virtual Mastercard cards in the United Arab Emirates following approval from the Central Bank of the UAE to operate in the market.

Cards 170

Cards Resources Payments Marketing 170

Bank Innovation

FEBRUARY 25, 2019

Security firm Gemalto will offer biometric EMV payment cards to its bank customers using biometric company Fingerprint Cards’ T-Shape sensor and licensing its recently-launched Biometric Software Platform for payments. Gemalto’s roughly 300 digital banking […].

Cards 170

Cards Payments Software Digital Banking 170

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. Mobile Cards: Make or Break? The highest interest is among “bridge millennials” whose card spend averages $40,000 annually.

Mobile 153

Mobile Cards social media Survey 153

BankInovation

AUGUST 1, 2022

The recent explosion of fintechs entering the market is evidence of a rapidly changing financial sector, offering new solutions to consumers who are looking for more convenient ways to use their money.

Fintech 92

Fintech Cards Payments Strategy 92

PYMNTS

DECEMBER 1, 2019

Like competitor Kard , Pixpay wants to give teens a way to go digital and ditch cash altogether. . Challenger banks are typically marketed to adults. Pixpay offers users a customized PIN code to lock and unlock the card, and users are notified with each transaction. Rival Lydia allows teens who are 14 years old and older.

Digital Banking 151

Digital Banking ATM Cards Capital 151

PYMNTS

JULY 30, 2019

FinTech dLocal , which specializes in cross-border payments for emerging markets, has announced its expanded its payments network to include Indonesia, Ecuador and Bolivia. dLocal is the only 360 payments platform designed to handle mass online payments in Latin America and other emerging markets across APAC, Middle East and Africa.

Marketing 182

Marketing Payments Cards America 182

PYMNTS

JUNE 13, 2019

Digital bank Monzo, based in the United Kingdom, is crossing the pond. shores, debuting with what is being termed a “limited rollout” of an app linked to a checking account and debit card. banking license, Blomfield told the newswire, coming into the U.S. Reuters reports that the company has reached U.S. In the U.K.,

Digital Banking 119

Digital Banking Los Angeles San Francisco US 119

PYMNTS

MARCH 6, 2018

Citing Citigroup Chief Financial Officer (CFO) John Gerspach, Reuters reported the executive said at an investor conference that the financial company is “laying the groundwork for having a national digital bank. but has credit cards that are used around the country. better than the Street.

National 135

National Digital Banking Conference Texas 135

PYMNTS

JULY 16, 2019

In the continued linkups between banks and FinTech upstarts, new markets beckon across various borders. Among the latest examples, N26 , which is a digital-only bank based in Europe, has entered the US market through partnership with Axos Bank in order to offer FDIC insured accounts.

Digital Banking 101

Digital Banking US FDIC Cards 101

PYMNTS

JUNE 3, 2020

The COVID-19 pandemic has removed the choice and forced FIs and customers to interact via digital platforms, though, and brick-and-mortar branches have become auxiliary services with limited use for more complicated financial tasks for those who remain branch-dependent. Confronting Digital Banking Reality.

Digital Banking 131

Digital Banking Mobile Tools Online 131

PYMNTS

DECEMBER 3, 2019

Anil has over 25 years of experience in payments, credit cards and banking, working globally across Europe, the Middle East and Africa as well as Asia Pacific and the Americas. and I’m delighted that I’ve been given the chance to be part of a team-building the bank of the future in a market as large and exciting as the U.S.” .

Digital Banking 131

Digital Banking Las Vegas US Ohio 131

Gonzobanker

APRIL 13, 2020

Converting new digital accounts into lasting relationships will take proactive care and feeding. adults, “During social distancing, how much more or less likely are you to leverage digital banking and digital payments?” ” Not surprisingly, most people said they would perform more digital activity.

Digital Banking 114

Digital Banking Apple Cards Survey 114

PYMNTS

OCTOBER 14, 2020

14), Wells Fargo called out strong mortgage banking fees, higher equity markets and declining sequential charge-offs as positives for the period. “As On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. billion in the period, up 11.1 billion.

Cards 206

Cards Operations Report Mobile 206

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 220

America Cards Mobile Management 220

Bobsguide

AUGUST 10, 2022

GFT has been identified as a leader in the field of digital banking by analyst firm Quadrant knowledge solutions. Cloud native digital banking solutions have set new standards in the industry. New banking entities can now be set up in as little as twelve weeks – compared to years when using legacy technology.

Digital Banking 68

Digital Banking Groups Technology Innovation 68

Bank Innovation

FEBRUARY 19, 2020

Level, a digital banking startup based in San Francisco Calif., Level is also offering 1% debit card rewards and paycheck deposits two days early to sweeten the deal for customers. The company said it’s able to offer these competitive rates because the digital distribution model keeps costs under control. […].

San Francisco 259

San Francisco National Digital Banking Fintech 259

PYMNTS

AUGUST 15, 2019

banking market through a partnership with Ohio-based Sutton Bank. It has already signed consumers up for its cards in cities including Los Angeles, New York and San Francisco and there is currently a waiting list. is a different market with its own challenges, according to some observers. In the U.S. In the U.S.

Lending 161

Lending Los Angeles Digital Banking San Francisco 161

PYMNTS

MARCH 18, 2020

The pressure is certainly there, Vaduvur Bharghavan (VB), president and CEO of Ondot Systems told Karen Webster — particularly for smaller and local banks, where roughly a third of consumers said they were ready to jump ship to Big Tech. Cards — debit or credit — they say, are not really their core business.

Cards 217

Cards Tools Mobile Google 217

PYMNTS

NOVEMBER 29, 2017

India-based Paytm Payments Bank not only wants to become the world’s largest digital bank , but also to evolve into a financial services company providing a slew of services like wealth management and trading. 28), Paytm founder Vijay Shekhar Sharma said the company is aiming to have 500 million bank accounts. “We

Digital Banking 122

Digital Banking Lending Cards Payments 122

PYMNTS

MAY 7, 2019

Citigroup is the world’s largest credit-card issuer, with about 28 million customers, but the gap between its credit business and retail banking has grown larger. To combat this, Citi has begun testing perks for credit cards to encourage customers to get other banking products.

Cards 143

Cards Digital Banking Retail US 143

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Marqeta Introduces Tokenization-as-a-Service For Card Issuers.

Marketing 130

Marketing New York Cards Conference 130

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. Around the Digital Banking world. Time will tell.

Regulation 100

Regulation Cards Digital Banking social media 100

PYMNTS

FEBRUARY 11, 2020

In today’s top payments news, Mastercard was approved for a bank card clearing business in China, and a judge rejected Uber and Postmates’ request to stop California’s new gig economy law. Mastercard Gets Nod To Join China’s $27T Payments Market. Amazon Expected To Control 70 Pct Of US Smart Speaker Market By Next Year.

Marketing 150

Marketing Payments Retail California 150

PYMNTS

OCTOBER 2, 2020

In today’s top news in digital-first banking, banking startup Dave Inc. has a new marketing executive, while payroll and employee benefits processor Gusto has launched “Gusto Wallet." Banking Startup Dave Taps Ex-Airbnb Marketing Exec. Boost Partners With Visa To Enhance Commercial Card Use.

Marketing 130

Marketing cryptocurrency Cards Branding 130

PYMNTS

SEPTEMBER 15, 2020

Scotland-based Tesco Bank has announced that it’s the first financial institution (FI) in the United Kingdom to introduce technology that allows its 2.6 million credit card customers to more easily manage and pay their balances. We expect this functionality to be widespread in the market in the coming years. “We

Cards 140

Cards Payments Regional Survey 140

PYMNTS

OCTOBER 17, 2019

The outage has been going on for the last 24 hours, taking down the company’s website and app, as well as shutting down customers’ debit cards. San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees.

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

PYMNTS

FEBRUARY 14, 2020

Mastercard Gets Nod To Join China’s $27T Payments Market. China’s central bank gave Mastercard the green light on Feb. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. a share with a market cap of $14.6 What Amazon At 10 Can Teach Us About Uber At 10.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

DECEMBER 9, 2020

In today’s top news in digital-first banking, U.K. FinTech Revolut has introduced its Pockets tool, while Robinhood Markets is reportedly working with Goldman Sachs for its public offering preparations. Robinhood Markets is reportedly working with Goldman Sachs for its initial public offering (IPO) preparations.

Marketing 159

Marketing Tools Conference Fintech 159

PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Revolut attributed the losses to its expansion into new markets and the introduction of new products. The FinTech has since expanded to offer business banking. million (£106.5

San Francisco 239

San Francisco Fintech Digital Banking California 239

PYMNTS

JULY 25, 2019

Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however. It is thus imperative that those seeking to expand into new markets adjust their fraud protection strategies to better fit local customer needs. Bringing a global fraud approach to a new local market. operations.

Fraud 164

Fraud Marketing US Resources 164

PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2

Cards 131

Cards Data Training Community Bank 131

PYMNTS

FEBRUARY 3, 2020

Every Remitly Passbook customer gets a Visa debit card. Remitly verifies a person’s identity digitally and accepts forms of ID immigrants have — Individual Taxpayer Identification Numbers, passports and foreign government-issued documentation, such as the Matricula Consular ID.

Marketing 137

Marketing Seattle Customer Experience Security 137