Bank Innovation

MARCH 28, 2018

EXCLUSIVE – Are credit cards the next big hot spot for fintech takeover? That’s what startup Petal hopes its partnership with Salt Lake City-based WebBank achieves, as the startup gears to launch of its first major product: a credit card designed to serve the "credit invisible."

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PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. The corporate card is going through a change this year, like many other parts of the business world.

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Cards Payments Innovation Regional 221

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. Uber reported its earnings last week.

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PYMNTS

SEPTEMBER 30, 2020

In today’s top payments news around the world, American Express launched co-branded credit cards with Amazon targeting small to medium-sized businesses (SMBs) in Britain, while Volopay is teaming with Nium for a new and enhanced corporate credit card. American Express, Amazon Roll out UK Credit Card Aimed at SMBs. Walmart Inc.

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Cards United States Payments Capital 214

PYMNTS

AUGUST 12, 2020

Nium , the global FinTech platform, announced in a press release emailed to PYMNTS that users will be able to make payments through Google Pay with its company Visa cards. The Google Pay partnership lets those cards work through many more payment terminals and options.

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Google Cards Payments US 265

Bank Innovation

AUGUST 9, 2019

In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, speaks with Alyson Clarke, principal analyst at Forrester Research, about the following developments: With the much-awaited launch of Apple Card, the tech giant has taken a page […].

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PYMNTS

JANUARY 12, 2021

For Walmart, FinTechs are in sight — but where to from here? As reported , Walmart is working with Ribbit Capital to create an as-yet unnamed FinTech that would, the companies said on Monday (Jan. And they’ve made it clear they want more from us in the financial services arena.” As reported late last year , a U.S.

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Capital Fintech Retail Tools 155

PYMNTS

JULY 3, 2019

million from investors including Partech, Axeleo Capital, Lafayette Plug and Play and others to further develop its loyalty program integrated into credit or debit cards. Founded in 2018, Joko’s loyalty program already works with dozens of major retailers including McDonald’s, Uber, Starbucks, Zara and more.

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Cards Fintech Retail User Experience 135

Bank Innovation

JANUARY 31, 2018

Goldman Sachs has agreed to purchase fintech startup firm Final, as a part of its efforts to expand in retail-banking products. Oakland-based Final is a credit card service, which announced that it would close its card portfolio back in December. Terms of the transaction were not disclosed.

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PYMNTS

JUNE 14, 2018

N26 , the FinTech bank startup, is upgrading its N26 Metal card, with a launch happening Wednesday (June 13). According to a report in TechCrunch , the card was first announced at TechCrunch Disrupt Berlin in December of 2017 and was available for early access by N26 Black customers.

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Cards Fintech United States Report 109

Accenture

OCTOBER 9, 2019

The credit card partnership market is off to an aggressive start in 2019, given issuers’ robust activity in the first half to try to fuel new growth amidst a leveling-off in receivables. Already, 10 new credit card programs launched in the second quarter of 2019 (Figure 1), compared to the 16 launched in 2018, based on our analysis.

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PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

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PYMNTS

JUNE 8, 2020

Retail dispute management system Chargeback announced Monday (June 8) that it has closed a $6.6 Chargeback said the money will accelerate its growth and ability to help online and offline retailers decrease credit card disputes, achieve higher win rates and retain more revenue. million Series A1 funding round.

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Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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Accenture

AUGUST 20, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Despite ongoing rewards competition, card profitability remains strong. Retail Card, Payment Solutions, and CareCredit).

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US Cards Capital Apple 150

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt.

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PYMNTS

NOVEMBER 27, 2020

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. This is leading some families to put their children’s funds on virtual cards instead, according to U.S.-based

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Cards Security Tools Online 197

PYMNTS

MAY 29, 2019

The investors were led by Apis Partners LLP and FinTech investor Crossfin Technology Holdings. Crossfin reported that 46 percent of banked low-income earners in South Africa typically use cash because of limited card acceptance at micro-merchants, especially in rural and peri-urban communities.

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PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Mastercard Taps FinTech for Biz Card Boost.

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Data Fintech Cards Software 161

PYMNTS

NOVEMBER 18, 2020

consumers paid off $10 billion in credit card debt in the third quarter of 2020, and Amazon Pharmacy launched for consumers to order prescription medications. Plus, Walmart+ gets a closer look after the retail giant’s third-quarter earnings call. US Consumers Pay Down $10B in Credit Card Debt In Q3. In today’s top news, U.S.

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Cards US Payments Strategy 227

PYMNTS

NOVEMBER 30, 2020

At a time when surging coronavirus counts are once again muddying the outlook for consumers and business owners, MerchantE Chief Financial Officer Shim Steinmetz says the crisis has also provided a silver lining of sorts to nimble FinTechs that can solve merchants’ cash crunch problems. Or consider Sears.

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PYMNTS

JULY 28, 2020

Consumers are also changing how they pay for their purchases, with a recent study finding that debit card spend was up 11.7 Consumers today are especially likely to use their debit cards for their eCommerce purchases or to make in-store purchases with mobile wallets, and card-not-present (CNP) transactions represented 43.1

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PYMNTS

JUNE 17, 2019

Sometimes there are two approaches to the same problem in FinTech: EMVCo’s recently released EMV Secure Remote Commerce (SRC) Specification version 1.0 promises to enable many more seamless retail transactions, and the World Wide Web Consortium ( W3C ) Payment Request application programming interface (API) aims to reduce checkout friction.

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PYMNTS

MARCH 10, 2020

In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. Payments Stocks Plummet While Retail Remains A Bright Spot.

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PYMNTS

JULY 26, 2019

A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. The company also wants to give members a credit card to make purchases in the future and also earn rewards. . “We Rakuten is one of a number of FinTechs looking to enter in the banking sector with an ILC charter.

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PYMNTS

MARCH 31, 2020

FinTech venture capital fund Broadhaven Ventures; U.S. The FinTech has raised $73 million to date to expand its digital banking offerings. Kyash’s payment solution connects to Visa’s platform so it can issue cards while also customizing business services. . Other investors include U.K. Past investors include Jafco Co.

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Bank Innovation

JULY 30, 2019

While the jury is still out whether the Apple Card will be the disruptive force that Apple has claimed it will be, fintech firms and banks alike appear eager to beat the tech giant to the punch. Tuesday’s launch of Zerocard, a “debit-style” credit card from fintech firm Zero, in partnership with WebBank, Evolve Bank […].

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Apple Cards Fintech Customer Experience 170

Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

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PYMNTS

MAY 6, 2019

FinTech firms, however, are looking to lessen that work through their offerings: Modo , in one case, has a Modal component to its /Checkout product. “We The capture can include just the payment card information or personally identifiable information (PII) as well.

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PYMNTS

OCTOBER 2, 2020

In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. The European Central Bank says Europe should be ready to adopt a digital euro so residents can access money amid the evolving retail payment landscape. for General Motor's Credit Card Business.

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PYMNTS

JANUARY 17, 2018

The traditional strategy of handing an employee a corporate card, hoping they make responsible purchases and depending on accurate expense reports has evolved into a market that embraces automation, artificial intelligence, mobility and an array of card products, from P-cards to virtual numbers.

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PYMNTS

MARCH 12, 2020

Renz helped to launch Amazon’s free shipping policy and introduced new multi-billion-dollar retail categories, such as beauty, shoes and groceries, according to her LinkedIn profile. At SoFi , based in Silicon Valley, Renz will lead the FinTech startup’s credit card, brokerage and bank account businesses, one of the sources told WSJ.

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Banking Exchange

JUNE 17, 2020

DCBank and XTM want to place cashless kiosks in retail venues – but is a cashless society a realistic aim? The Economy Technology Retail Banking Tech Management Mobile Branch Technology/ATMs Online Cards Feature3 Fintech Feature.

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Bank Innovation

JANUARY 23, 2018

EXCLUSIVE – The two fundamental keys to most challenges retail banks and payment companies face on the innovation front are personalization and efficiency, according to Alberto Corvo, a founding partner at fintech focused investment firm Motive Partners.

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PYMNTS

OCTOBER 24, 2018

Synchrony Financial’s run as the exclusive credit card issuer for Walmart came to an end in July, with reports that Walmart decided this past summer to switch to Capital One Financial. Retailers like Walmart are discovering that they can demand more from the card companies to land their business, noted the report.

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Bank Innovation

DECEMBER 5, 2017

Earny automatically monitors for and claims refunds on past purchases through retailer and credit card price protection policies. EXCLUSIVE – The payment protection app Earny announced today it has raised $9 million and wants to use the funds to diversify into the travel vertical. Based in Santa Monica, Calif.,

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PYMNTS

FEBRUARY 26, 2020

Klarna, a Swedish FinTech that allows customers to pay for items through installments, has posted its first annual loss after years of being profitable, according to a report by CNBC. . It is neck and neck with Revolut as the most valuable startup in Europe, and it counts celebrity rapper Snoop Dogg and retail group H&M as investors.

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