PYMNTS

JANUARY 21, 2019

Innovation is good, but flexibility and agility count, too — as does striking while it’s hot. DBI) , an employee benefits administrator, by financial technology services company WEX. Earlier in January, WEX announced a partnership with voice technology company AI.io The deal comes amid a busy period for WEX.

Innovation 167

Innovation Trends Technology Operations 167

Bank Innovation

MARCH 20, 2018

EXCLUSIVE—Greenlight Financial Technology Inc., a PFM that provides “smart debit cards” to more than 100,000 users to begin financial literacy conversations with their children, is launching a credit product. Credit is interesting, investing.Read More.

Financial Technology 207

Financial Technology Cards Innovation Technology 207

PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. B2B Payments Outlook.

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PYMNTS

JANUARY 7, 2019

Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. In addition, U.K.

Cards 168

Cards Groups Payments Regional 168

Bank Innovation

FEBRUARY 19, 2020

is part of a fast-growing class of well-funded financial technology startups offering debit cards, checking accounts and other financial […].

Report 312

Report Financial Technology Cards Technology 312

PYMNTS

JUNE 29, 2020

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Last month, PYMNTS reported EedenBull rolled out its commercial card platform to banks to take advantage of improved B2B payment capabilities.

Fintech 248

Fintech Cards Regional Management 248

Bank Innovation

FEBRUARY 21, 2018

EXCLUSIVE – Greenlight Financial Technology, a fintech startup for kids, has raised $16 million in a Series A funding round today, Bank Innovation has learned. Greenlight Technology is a combination of P2P and PFM features on a mobile app, and is unusual in that it focuses on children.

Fintech 249

Fintech Financial Technology Mobile Innovation 249

PYMNTS

SEPTEMBER 16, 2019

billion cards, which makes up about 57.6 percent of the cards in circulation around the world. As the world’s largest card scheme in terms of card issuance, UnionPay will be one of our key alliances in Asia,” said Georg von Waldenfels, EVP of group business development at Wirecard. UnionPay has issued more than 7.59

Cards 170

Cards Innovation Financial Technology National 170

PYMNTS

OCTOBER 17, 2016

14) it launched a chip card technology licensing cooperation with seven members of the Asian Payment Network (APN). In a press release , UnionPay said this marks a new breakthrough in the “Going Global” of China’s financial technology standards. UnionPay announced Friday (Oct.

Cards 100

Cards Regional Industry Payments 100

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

JUNE 23, 2020

Braun faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet to make it look more appealing to investors and customers. Verizon Debuts Visa Credit Card With Rewards. NEW DATA: How Credit Unions Are Innovating To Help Micro Businesses.

Payments 159

Payments Survey Innovation Fraud 159

PYMNTS

AUGUST 4, 2017

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

Chris Skinner

MAY 18, 2017

Banking and innovation doesn’t go together. Innovation creates risk and risk is unacceptable in a financial marketplace. So it’s interesting how we’ve spent the last five years talking about sandboxes, creativity and design in financial technologies. The idea is to innovate outside the markets.

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Innovation Financial Technology Marketing Examples 261

Perficient

JULY 11, 2022

Afterpay does not perform a hard credit check on users, but it can still affect credit if users have a credit card as the form of payment connected to their Afterpay account or if they fail to pay back their loans. The Congressional House Financial Services Committee held a hearing last fall, “Buy Now, Pay More Later?

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

OCTOBER 4, 2019

That raises several questions for financial institutions (FIs), FinTech firms and payment service providers as they figure out how to best navigate this changing world. Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. Recent Trends. Basic Question.

Payments 176

Payments Cards Trends Fintech 176

PYMNTS

NOVEMBER 17, 2020

Traditional banking isn't built to serve small businesses, and financial technology is quickly filling that gap,” he said, according to the release. And on the flipside, lenders and service providers need data to innovate faster and deliver better offerings. This demand is made far more urgent by COVID-19.

Tools 167

Tools Capital Analysis Financial Technology 167

PYMNTS

JULY 30, 2020

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. Last month, Galileo launched what it called a faster and less expensive way to create debit cards.

San Francisco 159

San Francisco User Experience Cards Customer Experience 159

PYMNTS

APRIL 9, 2020

With Visa and Mastercard each having made significant investments to capture more of the SMB segment through an array of payment rails, including card, ACH, and proprietary networks, SWIFT is joining a competitive landscape that aims to overhaul the payment rail status quo. Billhop Eases B2B Card Acceptance.

Fintech 209

Fintech Payments Oregon Cards 209

PYMNTS

SEPTEMBER 19, 2019

Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence (AI)-assisted bank account with a Mastercard debit card, Mastercard said in a press release on Thursday (Sept. There is a waiting list in the U.S. million-plus millennials in the country. .

Fintech 148

Fintech Millennials Cards America 148

PYMNTS

OCTOBER 9, 2018

“Flint is a financial technology pioneer who has an incredible track record of building and scaling companies,” said Bento for Business CEO and Co-founder Farhan Ahmad in a statement. The company offers business owners a commercial card linked to a digital platform on which they can control and analyze spend.

Cards 148

Cards Management Financial Technology Company 148

PYMNTS

FEBRUARY 28, 2020

There also tend to be many different card processors and different kinds of payment methods. It takes significant financial resources to maintain the entire payment contraption — and it also requires funding to add to that system from a capital improvement or innovation perspective in addition to the people costs.

Company 209

Company Fintech Payments Software 209

Bank Innovation

JANUARY 10, 2018

EXCLUSIVE – Fintech startup Greenlight Financial Technology has just added a new feature that helps kids understand tricky concepts like interest, APR and savings accounts. The feature allows the […].

Atlanta 305

Atlanta Fintech Financial Technology Technology 305

PYMNTS

AUGUST 23, 2019

FinTech service provider WEX signed on with Phillips 66 to handle exclusive private label and universal fleet card services, Verdict reported on Wednesday (Aug. WEX and Phillips 66 have partnered since 2010, the release said, to develop a sales and marketing program that depends on new payment technologies for fleet customers.

United States 100

United States Cards Branding Payments 100

PYMNTS

MAY 17, 2019

In other recent funding news in the financial technology space, Barclays invested $12.9 The firm enables customers to store as well as view their loyalty cards on a phone and connects payment cards for rewards and points. The company is headquartered in London and New York. million in Bink per reports in February.

Software 134

Software New York Risk Management System 134

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks. Changing AML with AI and ML.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

DECEMBER 18, 2020

financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The firms were especially interested in deploying automated and advanced learning technologies. That’s one reason (two, really) that virtual cards are so popular now: control and transparency.

Payments 160

Payments Cards Report Tools 160

Bank Innovation

SEPTEMBER 20, 2017

One such fintech is Greenlight Financial Technology. EXCLUSIVE – One thing is clear: more and more fintechs are looking to create better interaction to engage users. Besides the obvious social media channels, another social phenomenon which seems to be advancing is gamification.

social media 244

social media Fintech Financial Technology Technology 244

PYMNTS

JULY 26, 2017

Developers platforms have quickly gone from being cutting edge to being something like table stakes for serious financial technology players, as Karen Webster observed in a recent conversation with Vantiv’s Head of Developer Integration’s Matt Ozvat — “it feels a bit like everyone out there has their own version of a platform for the developer.”.

Innovation 116

Innovation Cards Compliance Community 116

PYMNTS

MAY 5, 2020

Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. APIs allow banks and technology providers to coordinate development much more easily, enabling the creation of innovative new products and services for functions such as B2B payments.

Payments 200

Payments United States Software Cards 200

PYMNTS

MAY 26, 2020

It supports eCommerce platforms and shopping carts including WooCommerce, Shopify, BigCommerce and Magento by providing a way for companies to accept card payments from customers. In Pin Payments, we found an awesome team who shared a similar dedication to solving problems for businesses with innovative financial technology.”.

Payments 130

Payments San Francisco social media Regional 130

PYMNTS

OCTOBER 28, 2020

But for another, it could mean debt forbearance or modifying rewards programs on card products to more closely match what members want during the pandemic. No one is considering innovations that they want to get around to “someday.”. “In Dragt said fraud alerts and card controls can help, as they put lots of power into members’ hands.

Payments 151

Payments Fraud Innovation Tools 151

Gonzobanker

DECEMBER 14, 2023

Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square. The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. But wait, there is more.

Fintech 195

Fintech Community Regional Technology 195

Bank Innovation

AUGUST 27, 2018

In the second quarter alone, funding for financial technology companies around the world reached $20.3 Fintech funding this year has been on the rise. billion in nearly 400 deals. Right now, venture capital firms, banks, and investors are pouring funds into companies Artifical Intelligence, the clear flavor of the year.

Capital 210

Capital Financial Technology Fintech Technology 210

PYMNTS

MAY 21, 2019

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We A survey by EHI Retail Institute showed that last year, card payments made up 48.6

Digital Strategies 122

Digital Strategies Cards Technology Regulation 122

PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Moving Beyond ACH . There need to be governance models. There need to be regulatory models around it.”.

Payments 313

Payments blockchain System Data 313

Bank Innovation

FEBRUARY 8, 2019

Fresh off its January announcement to acquire payments processor First Data Corporation, financial technology vendor Fiserv seems to be banking on a breakout year for the bank-backed P2P payment service Zelle.

Financial Technology 170

Financial Technology Data Payments Technology 170

PYMNTS

NOVEMBER 21, 2019

“The young demographic in India give[s] an edge to adopt and build on new financial technologies, and I believe this will play a vital role in making India a global blockchain innovation center to also spur cryptocurrency adoption throughout the larger public in the country,” said CEO Changpeng Zhao of Binance in a press release.

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Bitcoin blockchain Report Payments 130