Bank Innovation

JULY 25, 2019

Card issuing and processing startup Marqeta may not have picked the sexiest part of the payments ecosystem to disrupt, but it’s looking to catch the same wave as challenger banks and fintech lenders that are raking in funds by the hundreds of millions as they expand into new geographies. Marqeta uses open APIs to allow […].

Payments 186

Payments Cards Fintech Innovation Strategies 186

PYMNTS

SEPTEMBER 17, 2019

Opaque payments moving sluggishly across borders and between banks. There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. Payment Rails Converging. Spreadsheets.

Innovation 132

Innovation Payments Cards Industry 132

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 […].

Apple 170

Apple Cards Fintech Customer Experience 170

PYMNTS

JANUARY 14, 2021

Payments credit union service organization (CUSO) PSCU reported 11.4 More consumers shopped earlier and from home, further accelerating the adoption of contactless and digital payment methods.”. percent of card present activity on contactless credit cards. Purchases between Nov. percent for debit and 18.1 percent to 5.2

Innovation Strategies 155

Innovation Strategies Cards Analytics Survey 155

Payments Source

OCTOBER 3, 2019

Transit systems want to use contactless and open payment systems to address ridership declines, an innovative strategy that nonetheless is riddled with pain points due to how transit has traditionally modernized.

Innovation 76

Innovation Innovation Strategies Technology Payments 76

Bank Innovation

JANUARY 15, 2020

card companies just moved a step closer to gaining access to China’s $27 trillion payments market. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co., The biggest U.S.

Marketing 347

Marketing Cards Payments Company 347

Bank Innovation

DECEMBER 24, 2019

If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking.

Banking 2020 341

Banking 2020 Cards Payments Company 341

Bank Innovation

JULY 8, 2019

Japanese mobile payments app Kyash is making a play for consumer wallets with a Venmo-style digital and physical debit card that handles merchant paym.

Mobile 150

Mobile Payments Cards Customer Experience 150

Bank Innovation

MARCH 6, 2020

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. and allows merchants to give shoppers a digital layaway option through installment payments. Australia-based Afterpay operates in several countries, including the U.S.,

Strategy 293

Strategy US America Cards 293

Bank Innovation

FEBRUARY 11, 2020

won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening. Mastercard Inc.

Marketing 338

Marketing System Cards Payments 338

BankInovation

JULY 27, 2020

Don’t expect American Express to launch a debit card anytime in the immediate future. During the card company’s second-quarter earnings call, Stephen Squeri, chief executive at AmEx, said that while debit cards are “something that we constantly look at,” AmEx won’t be issuing debit cards “at this particular point in time.”

Cards 90

Cards Customer Experience Innovation Strategies Strategy 90

Bank Innovation

MARCH 6, 2020

Marqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America. and allows merchants to give shoppers a digital layaway option through installment payments. Australia-based Afterpay operates in several countries, including the U.S.,

Strategy 221

Strategy US America Cards 221

BankInovation

JUNE 23, 2020

made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity. Mastercard Inc. The purchase gives Mastercard more tools that help banks speed up credit decisions or improve account verification processes, using Finicity technology that lets companies share consumers’ financial data.

Cards 64

Cards Tools Technology Data 64

Bank Innovation

NOVEMBER 15, 2019

While large consumer-facing fintech companies like Square, Klarna, Affirm and others tout speed and efficiency of their user experiences, card issuing and processing startup Marqeta‘s technology supports their payment capabilities, with its APIs allowing […].

Tools 170

Tools User Experience Cards Fintech 170

Bank Innovation

JANUARY 22, 2020

Brex, a corporate card and financial product startup aimed at businesses, plans to broaden its product ecosystem beyond bank accounts and cards.

Lending 273

Lending Innovation Cards Operations 273

PYMNTS

JULY 2, 2020

PYMNTS’ Credit Union Innovation Playbook found that nearly 50 percent of the 2,000 CU members polled said they want their financial institutions (FIs) to focus on loyalty innovations, such as rewards offerings, in-app coupons and card-based cash back programs. percent supported having their CUs innovate and 17.3

Innovation 155

Innovation Branding Tools Innovation Strategies 155

PYMNTS

JULY 17, 2018

The July/August Credit Union Tracker looks at how the credit union market is pushing back against regulation and pursuing new innovation strategies, how regulatory changes are creating opportunities for credit unions to expand into new markets, and how one credit union is stepping up to assist members displaced by a natural disaster.

Hawaii 100

Hawaii Marketing Report Texas 100

Bank Innovation

DECEMBER 12, 2019

On the heels of a $200 million debt capital raise confirmed this week, corporate card and financial product startup Brex plans to ramp up its product offerings for e-commerce entrepreneurs. The company currently offers credit cards for e-commerce companies, a product that was first launched in February.

Capital 221

Capital Innovation Cards Company 221

PYMNTS

JUNE 1, 2020

“We do not think in a traditional sense that one bank account equals one user equals one card. This is similar to the card aggregation solutions that fellow FinTech Curve offers. We are using ML to link invoices [scanned] through [customers’] phones automatically with payments,” he said. “We

Innovation 132

Innovation Strategy Innovation Strategies Security 132

The Financial Brand

SEPTEMBER 14, 2020

It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share. The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives appeared first on The Financial Brand.

Millennials 37

Millennials Cards Lending Branding 37

Bank Innovation

DECEMBER 9, 2019

Corporate card and financial product startup Brex is best known as an enabling platform for businesses, with a focus on startups. The three-year-old company, which is reportedly valued at $2.6 billion, initially spread the word about its offerings through word-of-mouth referrals. But that’s quickly changing.

Branding 221

Branding Cards Report Company 221

Bank Innovation

FEBRUARY 2, 2020

Brex, a corporate card and financial product startup aimed at businesses, has raised $615 million in combined equity and debt since its founding in 2017.

Leadership 221

Leadership Meeting Cards Company 221

The Financial Brand

JUNE 29, 2021

The post Walmart & Green Dot Turning Pre-Paid Cards into Checking Accounts appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Anticipation about the mega-retailer's banking ambitions stokes fears, but the evolving role of hybrid fintech/neobank Green Dot is key.

Cards 42

Cards Banking Trends Analysis Trends 42

Banking 2020

JANUARY 29, 2016

Frictionless payments? But while progress has been steady, so far there has not been a revolutionary shift that has led to seamless, ubiquitous payments. The latest development comes from BNP Paribas, which is trialling a new generation of advertising displays that incorporate contactless payment capabilities.

Payments 40

Payments social media Innovation Strategies ATM 40

Bank Innovation

MARCH 24, 2020

Brex, a corporate card and financial product startup that has raised $315 million in equity and reached a reported valuation of $2.6 billion since its 2017 founding, is optimistic about venture capital funding for tech companies, despite current market volatility.

Marketing 199

Marketing Capital Cards Report 199

PYMNTS

FEBRUARY 22, 2017

Some of them surround the issue of payments security. Those alerts can be low balances or suspicious card activity, for instance, and can be sent via test message, email or push notification in mobile banking apps. ” The CEO also noted that many of Fiserv’s latest offerings center around the theme of payments speed. .”

Innovation 129

Innovation Security Innovation Strategies Data 129

PYMNTS

AUGUST 22, 2019

Challenger banks are beginning to offer more robust suites of services beyond the mobile apps and prepaid cards with which they started. Legacy Banks and the Innovation Game. We handle their payments, deposits and lending – by our nature, we cover a lot of ground,” he said.

Innovation 109

Innovation Digital Banking Fintech US 109

BankInovation

JULY 14, 2020

The Afterpay card — and what we’re bringing to the market — is a virtual, contactless Visa card that is stored either in customers’ Apple […]. The Australian point-of-sale lending company, which launched online in the U.S. in 2018, announced the expansion into physical stores today.

United States 64

United States US Retail Apple 64

BankInovation

MAY 27, 2020

Pasadena-based Green Dot, founded in 1999, has made money from reloadable prepaid cards for years, but with a growing number of companies offering financial products for underbanked consumers, Green Dot is trying […].

Cards 64

Cards Company Customer Experience Innovation Strategies 64

BankInovation

MAY 29, 2020

The company, which has long made money from prepaid reloadable cards, is finding new ways to connect with consumers through its platform business. Green Dot’s banking-as-a-service business made headlines this week, including expanded products for both Walmart and Remitly customers.

Fraud 64

Fraud Resources Cards Company 64

William Mills

SEPTEMBER 7, 2016

Once the deal is closed, Aleo can agree on payment terms with just a few clicks. Dashboard allows you to look at sales invoices, supplier financing, accept conditions of suppliers declarations for payment. With CRMnext, replacing a lost card or request a new pin is a one button process. identitii makes payments safer and faster.

Mobile 40

Mobile Cards Fraud Data 40

CB Insights

MAY 15, 2019

With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. One popular approach: in-house financial innovation labs. Key people: Chris Curtin, Chief Brand & Innovation Marketing Officer; Shiv Singh, Senior Vice President of Innovation & Strategic Partnerships.

Innovation 78

Innovation blockchain Technology Groups 78

BankInovation

AUGUST 6, 2020

Square is looking to replicate the success it has seen with consumers through its Cash App for small businesses. In response to a question during Square’s second-quarter earnings call about creating a digital wallet tying together Square’s varied financial products, Square CEO Jack Dorsey said, “It’s a great idea.” “All

Tools 98

Tools Innovation Strategies Strategy Cards 98

BankInovation

JULY 20, 2020

There are critical hurdles to clear before banks are able to unlock the potential of artificial intelligence, according to fresh data from Temenos and the Economist Intelligence Unit. Artificial intelligence will be used in all sectors of the financial industry,” said Hani Hagras, chief science officer at banking software provider Temenos.

Software 81

Software Industry Data Customer Experience 81