article thumbnail

Ant Group Curbs Credit Limits Of Some Users Of Virtual Credit Cards

PYMNTS

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. That arm of the financial technology (FinTech) giant offers a virtual credit card. Now, the future of Ant Group is up for debate. The company did not elaborate.

Groups 242
article thumbnail

Paystand Takes Aim At Corporate Expense Cards With New ‘Zero Card’

PYMNTS

Goodbye, corporate expense cards and hello, “Zero Card?”. 6) rolled out its new Zero Card , a touchless, pre-paid, digital corporate expense card that the California FinTech is hoping will give the traditional corporate expense card a run for its money. Paystand on Thursday (Aug.

Cards 240
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit

PYMNTS

It has been suggested that millennials are averse to having and using credit cards. Millennials are in fact as likely as other generations to have credit cards, with nearly nine out of 10 having at least one card, according to PYMNTS’ latest research. PYMNTS research shows 11.5 percent cite the ability to monitor spending.

article thumbnail

Dozens Of Cybercrime Groups Found On Facebook

PYMNTS

Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.

Groups 190
article thumbnail

Easing The Online Shift With Integrated Invoicing

PYMNTS

And according to Ronny Yakov , CEO of The OLB Group , QuickBooks is often an ideal place to start. For The OLB Group, that meant the recently announced integration of billing and payment gateway functionality within QuickBooks. According to Yakov, before the pandemic, about 65 percent of The OLB Group's merchant base were not online.

Online 150
article thumbnail

Goldman Sachs To Pay $2.5B For General Motors' Credit Card Business

PYMNTS

Goldman Sachs has beat out competitor Barclays to buy General Motors (GM)'s credit card business, according to a report from The Wall Street Journal (WSJ). In their pitches to GM, both Goldman and Barclays promoted the idea of cars as eCommerce portals, a notion supported by auto makers and card networks like Visa and Mastercard.

Cards 264
article thumbnail

Mobile Card Apps And The Two COVID Personas

PYMNTS

Mobile card apps went from nifty to necessary when the darkest imaginings of last March had people picturing COVID-19 on every surface, suspended in every breath. Consumers are interested in applying mobile card management tools in different ways, however,” the report states. Meet the 2021 Cardholder.

Cards 151