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JULY 16, 2020

As chief financial officers (CFOs) become more familiar with the opportunities of virtual card adoption, they’re also becoming more well-versed on their biggest challenges. This challenge can quickly lead to discouraged finance teams that abandon the effort to implement a v-card program altogether. Going Touchless. .

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OCTOBER 9, 2019

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. However, the distance between an average annualized rate and a prime rate on credit cards is getting bigger; at the end of August, it was almost at its largest amount ever. million in Q2.

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JUNE 9, 2020

Nium , a financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s FinTech Fast Track program. Singapore-based Nium said that with this business arrangement, it will be able to shorten the time for issuing a Visa card to just four to six weeks.

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DECEMBER 23, 2020

That arm of the financial technology (FinTech) giant offers a virtual credit card. In the wake of the collapse of its initial public offering of stock (IPO), China’s Ant Group is scaling back the borrowing limits for some of the young users of Huabei. The company did not elaborate.

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JUNE 30, 2020

“PSCU has transformed its business model and evolved from a transactional processor and reseller of a platform partner’s products to an integrated, value-add financial technology solution provider, and we look forward to delivering the benefits of this scale to Primax clients,” he said, according to the press release.

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JULY 1, 2020

PEPSI promises to rival not only the two credit card giants, but also other financial technology companies including Google , Apple , Alipay and WeChat Pay. . A so-called “scheme manager” will be the central governing body, the online news service reported.

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JANUARY 7, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. The card will support currencies from Australia, Japan and the U.S., In addition, U.K.

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MAY 22, 2019

Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards.

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DECEMBER 5, 2019

The creation of credit card infrastructure 60 years ago initially had the consumer in mind, but recent history has shown that investments in card technology are capturing a greater share of the B2B payments market. Leavitt says suppliers are indeed more difficult than buyers to convince of commercial cards’ value proposition.

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JUNE 26, 2020

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported. Mastercard told the news service it is tracking news coverage of Wirecard. billion that may not exist.

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Perficient

DECEMBER 22, 2023

Looking Forward The OCC maintains a technology-neutral stance and supports continuing efforts by national banks and federal savings associations to explore safe and sound uses of new and emerging financial technology such as AI.

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NOVEMBER 15, 2017

Blackhawk Network , a global financial technology company, announced that it has expanded its partnership with eBay to provide the online marketplace with end-to-end business-to-business (B2B) gift card services. business at Blackhawk. “We

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JANUARY 25, 2021

In today’s top digital-first banking news, German neobank N26 has hired a new chief financial officer (CFO) as it eyes a future initial public offering (IPO), while FinTech app Goalsetter has raised $3.9 German FinTech N26 Eyes IPO With Hiring Of New CFO. German FinTech N26 Eyes IPO With Hiring Of New CFO.

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JULY 15, 2020

“The idea here was to give millennials and Gen Z, our target audience, access to a diversified portfolio of new economy companies and gig economy companies,” Noto said. The news comes as Samsung Electronics America, Inc. The virtual card will instantaneously show up in Samsung Pay at the time of approval.

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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). Under the terms of the new deal, Mastercard will support EedenBull’s product development and digital services.

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JUNE 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). Verizon Debuts Visa Credit Card With Rewards. Plus, Amazon’s Big Style Sale runs this week.

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DECEMBER 16, 2020

The company said that the advancements will better the method in which firms make and receive payments domestically and internationally, "following a successful year of growth for the financial technology firm," according to the announcement.

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FEBRUARY 12, 2020

As the most innovative player in financial technology, Stripe was the clear choice for us,” said Esker CEO Jean-Michel Bérard. Using the new Stripe Connect integration, Esker customers now can work with one payment provider throughout the world without having to choose from local providers. Latin America, Asia and Europe.

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SEPTEMBER 5, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes details of Amazon’s new plans for India, along with a potential threat to JD.com. There is a new development from the world of real estate payments, and a large social media platform is embracing commerce.

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JUNE 25, 2020

Boost Payment Solutions , a global provider of B2B payment technologies, announced a strategic collaboration with BMO Harris Bank on Thursday (June 25). The New York-based financial technology company has teamed with BMO Harris Bank to deliver integrated, automated processing for its corporate card customers.

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JULY 10, 2020

Rapyd, the B2B financial technology-as-a-service company, launched an integrated payment solution in Mexico, allowing companies to access all local payment methods through one network, according to a news release.

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PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? News about Chime ’s latest funding round might give pause when comparing the tech-savvy upstart’s valuation against some traditional banking players.

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JULY 24, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. the New York-based settlement platform.

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Payments Source

MARCH 8, 2016

Financial technology and marketing provider Kasasa has launched a Credit Card As A Qualifier option for its community financial institution customers.

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AUGUST 11, 2020

Revolut attributed the losses to its expansion into new markets and the introduction of new products. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5 million) in 2019 — up from £32.9

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MAY 17, 2019

The company is headquartered in London and New York. 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.

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SEPTEMBER 24, 2020

FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. Families can have up to five cards for children and they include features such as automatic funding of allowances, according to Greenlight’s website.

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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

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PYMNTS

JULY 27, 2020

And since 2015, Visa and Mastercard executives have been concerned about issues with Wirecard that included miscoded gambling transactions, high numbers of stolen card purchases and reversed transactions which led to substantial fines, sources told the newspaper. credit card purchases. billion went missing from two Philippines banks.

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NOVEMBER 5, 2020

In theory, the system could eventually allow consumers to bypass credit cards and transfer money directly from their bank accounts to a merchant’s account. The company has already integrated with about 15,000 banks in Canada and the United States.

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MAY 5, 2020

Corporate payment cards are a common pain point in the world of B2B payments, with oversight employees forced to conduct tedious checks to ensure employees are not misusing them. This integration aims to reduce burdens on Crédit Agricole staff and allow them to focus more on development of new products and services.

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JUNE 25, 2020

the British financial technology company headquartered in London, has added American Express to its open banking platform. Revolut said it hopes to expand the Amex support to other countries and add more banks and credit cards. Revolut Ltd.,

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JUNE 13, 2019

To help reimagine the traditional banking experience, digital banking and payments processing technology and infrastructure provider i2c is teaming with Zero. As a financial technology company, Zero lets consumers experience the things they enjoy about debit cards while using a credit card, i2c said in a press release.

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PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? News about Chime ’s latest funding round might give pause when comparing the tech-savvy upstart’s valuation against some traditional banking players.

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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.

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PYMNTS

OCTOBER 22, 2018

financial technology startup backed by Goldman Sachs , is expanding overseas. Investing.com , citing a Reuters report, said that the company, which helps other startups issue payment cards, has set its sights on London and has already hired five employees and signed up customers. Marqeta , a U.S. The expansion into the U.K.

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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.

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