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

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

FEBRUARY 28, 2020

There also tend to be many different card processors and different kinds of payment methods. Companies then, of course, have the operational side of the costs and the associated headcount. And they would rather not have to deal with the operational complexity that pops up, such as what happens when merchants need to do a refund.

Company 209

Company Fintech Payments Software 209

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.

Innovation 261

Innovation Financial Technology Marketing Examples 261

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

AUGUST 4, 2017

In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. However, if recent developments in the financial services industry are any indication, innovation waits for no institution, company, agency or, for that matter, Fed report.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

DECEMBER 18, 2020

“Companies are adjusting their AP practices to better suit work-from-home operations, according to recently released results of a survey taken from May to June. financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The poll of 325 U.S.

Payments 160

Payments Cards Report Tools 160

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. and Sweden, it noted.

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Fintech Payments Oregon Cards 209

PYMNTS

MAY 17, 2019

It has created an operating system that helps create and upgrade software applications for financial institutions — much like the way consumer apps get updated on phones. As it stands, almost 200,000 desktops at over 1,500 banks as well as buy-side firms tap into the company’s operating system. Reuters reported.

Software 134

Software New York Risk Management System 134

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

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

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. We've got a common messaging framework, this data rich environment where also we’re operating 24/7.

Payments 313

Payments blockchain System Data 313

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.

Bitcoin 130

Bitcoin blockchain Report Payments 130

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

JANUARY 21, 2019

The firm’s Business Leaders Outlook report, published earlier this month, found that the majority of SMBs expect revenue, sales and profit increases in 2019, with executives turning to hiring activity and technological innovation as drivers of their success. However, financial transformation is complex. A Holistic View.

System 188

System Payments Technology Tools 188

Bank Innovation

FEBRUARY 6, 2017

INV Fintech, the sister accelerator to this site, is pleased to announce its inaugural episode of INV Unfiltered — a new monthly podcast series, which will cover current trends and intriguing topics in financial technology and beyond.

Fintech 150

Fintech Financial Technology Trends Technology 150

PYMNTS

JUNE 27, 2019

The goal is to become one of the most valuable financial technology startups in the world as it eyes a region-wide expansion and seeks a valuation between $8 billion and $10 billion, according to reports in Recode. While Nubank is far from a household name in the U.S., And, according to Nubank, it’s just getting started.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

AUGUST 10, 2016

PYMNTS: How does what you learn from people shape WePay’s innovation agenda? PYMNTS: Do you have any “formula” for innovation? PYMNTS: What is the one thing that people underestimate about igniting payments innovations? Many people think that all they need to do is work with an acquirer to process credit cards.

Payments 100

Payments Software Innovation Bitcoin 100

PYMNTS

JULY 17, 2017

Innovation never sleeps and, from the current shape of things, it is also safe to assume that it isn’t much for taking a summer vacation, either. Credit cards — which are limited in China to state-backed Union Pay cards — are only used by a fraction of Chinese consumers. Alipay and Stripe previously paired to enable U.S.

Data 100

Data Survey Fintech Regulation 100

Insights on Business

JUNE 14, 2018

A European bank has launched a Facebook app that not only allows customers to perform most banking functionality on standalone applications, but supports creation of personalized cards with photos, as well as mechanisms that facilitate customers making donations to charities most aligned to their interests. Footnotes: Macknight, Joy.

Customer Experience 115

Customer Experience cryptocurrency Technology blockchain 115

Insights on Business

JULY 20, 2017

It also creates its own products and has its own back-office operations. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. To help you move forward with your API journey, IBM can organize an API innovation workshop.

Fintech 181

Fintech Mobile Examples Data 181

Independent Banker

OCTOBER 29, 2014

Meanwhile, a number of other financial technology firms received major funding and rolled out new alliances and products. Consumers still overwhelmingly rely on credit and debit cards and cash for payments and will for some time, even if a chip on the smartphone replaces plastic cards. Fees follow.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

OCTOBER 1, 2018

As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” LendingClub has agreed to pay a $2 million civil penalty to settle the matter. “As So, Now What?

Lending 135

Lending Fraud Management San Francisco 135

Jessica Ellerm

NOVEMBER 26, 2015

Talk to any Kiwi living overseas and they’ll lament how difficult it is to pay for goods and services by debit card compared to back home. As a kid, it wasn’t uncommon to head to your local corner store (or Dairy, as we call them back home) and pay for Mum and Dad’s newspaper using your EFTPOS card. I kid you not.

Company 45

Company Fintech Lending Bitcoin 45

CB Insights

DECEMBER 5, 2017

XL Innovate. HCS went through a major management shakeup in November 2016 when former AIG head of commercial insurance strategy and innovation Greg Wolyniec joined as president and CEO, while AIG president of liability and financial lines Alexander Baugh was named chairman of HCS’s board of directors. Aviva Ventures.

Strategy 28

Strategy Marketing Analytics Innovation 28

CB Insights

JULY 16, 2017

XL Innovate. HCS went through a major management shakeup in November 2016 when former AIG head of commercial insurance strategy and innovation Greg Wolyniec joined as president and CEO, while AIG president of liability and financial lines Alexander Baugh was named chairman of HCS’ board of directors. Allianz Ventures.

Strategy 28

Strategy Marketing Analytics Innovation 28

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Diana Chin (HR & Operations). Katerina Frolovicheva (MD, Technologies Innovations). This is a leading bank in Russia, with a track record of fintech innovation. Verifies the card and pushes that information onto the merchant.

Video 40

Video Mobile social media Analytics 40

PYMNTS

FEBRUARY 12, 2020

“As the most innovative player in financial technology, Stripe was the clear choice for us,” said Esker CEO Jean-Michel Bérard. By enriching our O2C solution with online payment, we increase businesses’ operating efficiencies and help them get paid faster, particularly in the collections process.

Payments 174

Payments Customer Experience Regional America 174

PYMNTS

MAY 26, 2017

Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. Analysis from Expert Market found that some small businesses in the U.K.

Report 140

Report Cards Millennials cryptocurrency 140

William Mills

MAY 11, 2016

Going to speak about technology can be better used in the card world. Card-linking – link to Facebook, BofA, other so you can get a targeted real-time discount offer. Silver 6 operates as Software as a Service (SaaS), so that means no IT and no infrastructure required. ^SR. This is great. Tim Dubes (VP, Marketing).

Video 40

Video Lending social media Analytics 40

Fintech Labs Insights

OCTOBER 16, 2016

In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. In a new partnership , Jack Henry & Associates has integrated with Visa to allow customers to send P2P payments directly to a recipient’s Visa debit card. Big handshakes. Cardtronics acquires DirectCash Payments.

Trends 12

Trends Fintech blockchain America 12

PYMNTS

MAY 4, 2018

Payments are moving toward greater speed, efficiency and choice – and in P2P payments, that’s led to the rise of financial technology giants. Syncapay, the launch of which was announced earlier this week, is a holding company that plans to acquire payments companies operating in the buyer-initiated payments industry.

Payments 115

Payments Marketing Innovation Trends 115

PYMNTS

AUGUST 12, 2016

They know this which is why they’ve spent $20 billion on financial technology solutions in 2015 alone, up 66 percent from the year before. Financial firms must also set sights beyond the traditional disbursement areas to look at the 2.8 The impetus here is to link financial infrastructure with financial innovation.

Trends 100

Trends Payments Innovation Financial Technology 100

PYMNTS

JUNE 27, 2019

That has been the experience at CO-OP Financial Services , President and CEO Todd Clark told Karen Webster in a recent conversation. There are many possibilities for improving the member experience — around member communications, alerts, card control mechanisms and digital banking. “It In fact, it’s likely to speed up.

Payments 100

Payments ATM Lending United States 100

William Mills

SEPTEMBER 9, 2016

Auto-financing is ripe for innovation. You can look at life events such as marriage, credit card, new job, etc. 10:50 am Moonraft Innovation Labs – [link] – @moonraft. Our platform is open source, which makes it more reliable, innovative and secure. Larger banks want an API and dig-down.

social media 40

social media ATM Mobile Customer Experience 40

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Goes to Sen.

Community 216

Community Fintech Industry Innovation 216

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