Bank Innovation

SEPTEMBER 15, 2017

EXCLUSIVE – The Brink’s Company and expense management provider Bento for Business introduced a new Travel & Expense Debit Card at Finovate in New York. The partnership is a major win for Bento, who launched only two years ago with a prepaid card for SMBs.

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PYMNTS

MARCH 30, 2020

DailyPay, the New York-based provider of software that allows employees to access their pay without waiting for their next pay period, saw a 400 percent rise in use between March 14 and March 17 as workers rushed to access their money to stock up before shelter-in-place rules took effect, the news outlet said.

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PYMNTS

MARCH 28, 2019

ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. trillion by 2022. Paul, Minn.-based based Sunrise Banks, a $1.1

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PYMNTS

NOVEMBER 25, 2019

Retail innovation comes from various places – and for the new decade, that includes quick-service restaurants (QSRs), the site of massive technological change. According to a new study from the National Restaurant Association and Technomic, 22 percent of consumers used kiosk ordering last year. Pickup Windows.

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PYMNTS

AUGUST 27, 2019

When it comes to retail innovation — changes that promise to influence commerce not only this year, but in the 2020s — cameras could have a significant role. That’s not the only way innovation with cameras can help retailers. Some of the latest developments provide evidence to support that trend. Take security cameras for starters. “We

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Bank Innovation

FEBRUARY 14, 2020

In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. card startup Curve opened a New York City office in advance of its U.S. Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb.

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Bank Innovation

SEPTEMBER 25, 2018

Debitize, a graduate from Bank Innovation's sister accelerator INV Fintech, announced today it has acquired rival Debx for an undisclosed amount. Based in New York, Debitize helps consumers manage their credit cards and bills and thus avoid fees while building credit.

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PYMNTS

APRIL 22, 2020

Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society. They are also designed to kill the COVID-19 virus with ultraviolet (UV) lighting in the air ducts.

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FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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PYMNTS

SEPTEMBER 6, 2019

Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, Nevada calls itself when charging customers’ credit cards. and Canada.

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PYMNTS

JULY 30, 2018

As a result, the proposed change could open new doors for companies that are not FIs. This is designed to promote competition and innovation by supporting new entrants into the marketplace,” Nanopay CEO Laurence Cooke told PYMNTS.com in an interview. But that could potentially change. By comparison, developers in the U.S.

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PYMNTS

SEPTEMBER 10, 2018

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposers are the ecosystem wild card. Decomposer for innovator large or small, established or emerging. An Ecosystem By Any Other Name. Consumer for the end user.

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PYMNTS

JULY 16, 2020

Visa and Cubic have already launched contactless systems in cities around the world, including London, Miami, New York, Sydney and Vancouver. A customer taps their contactless card or contactless-enabled mobile phone at the terminal, and then they are ready to ride, the release states.

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Bank Innovation

JUNE 27, 2018

PREMIUM - If you walk into HSBC's flagship New York branch, the chances that you will be greeted by a robot are pretty high. The bank's innovation team, which unveiled its SoftBank Robotics-run robot Pepper yesterday, hopes that this will draw more traffic into the branch, and thus increase business.

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PYMNTS

DECEMBER 1, 2017

Mastercard is planning to hire 470 people as the company expands its technology hub in New York City. According to news from Bloomberg , a company statement with New York Governor Andrew Cuomo announced that Mastercard will move to a new 212,000 square-foot location in Manhattan’s Flatiron District.

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PYMNTS

OCTOBER 1, 2020

The Small Business Digital Readiness Diagnostic tool is intended to expand the New York-based global financial services company’s Digital Doors curriculum, which promises to ensure businesses have the right devices to maximize their digital presence. “In

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PYMNTS

JULY 18, 2017

Rivals Visa and PayPal have shaken hands over a joint plan to issue debit cards in Europe. The truce stands to benefit merchants most of all, as it will expand their ability to use their PayPal funds to support business expenses and unlock new possibilities at the point of sale. customers already have access to PayPal debit cards.

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Bank Innovation

FEBRUARY 13, 2018

Back in November, Bank Innovation reported the New York. EXCLUSIVE – PFM platform MoneyLion now has two million customers on its app. That number is a milestone for the fintech that launched a little over four years ago. based personal finance app’s user base to be 1.5

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PYMNTS

JULY 22, 2019

While not exactly an empire yet, the online retailer launched its 13th store in New York City last month and it features the ability to use cash, answering a complaint that’s been lodged at unattended retail generally. New Developments. The next wave of automated retail might be heralded by U.K. million to 4.5

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PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats.

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PYMNTS

MAY 22, 2019

specifically, the use of such payments for mass transit in New York City. In an new PYMNTS discussion, Dan Sanford, Visa ’s global head of contactless payments, talked with Karen Webster about the May 31 launch of a contactless payments pilot involving the Metropolitan Transportation Authority (MTA) in New York City and Chase.

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PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Marqeta Introduces Tokenization-as-a-Service For Card Issuers.

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PYMNTS

OCTOBER 21, 2019

In today’s payments news, Mastercard is rolling out Mastercard Bill Pay Exchange with the help of several new partners. Also, card member spending, among other factors, helped to produce a revenue gain for the global consumer services group of American Express in Q3 2019. Ten Years of Payments Innovation and Reinvention.

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PYMNTS

JUNE 22, 2016

From hackathons to startup pitches, startup accelerators and innovation labs, there are no shortage of ideas – and, it seems, the money to keep a steady stream of them flowing. McLaughlin shared that framework with the assembled crowd at the “ Matchmakers” book launch in New York last week. McLaughlin said.

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PYMNTS

DECEMBER 14, 2020

The platform offers drivers a mobile banking app and a business Prepaid Visa Card, along with new rewards. Dashers can choose to have earnings automatically added to the card every day at no cost. Users can also check their balance, pay bills, transfer money and set savings goals. . “We DoorDash earlier reached a $2.5

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PYMNTS

AUGUST 3, 2017

Or at least one could have had they been at a Tim Hortons on July 1 in one of three American states (Ohio, Michigan and New York) with a desire to celebrate Canada Day so burning they were willing to consume a honey dip donut covered in cheese curds, potato wedges and gravy. One can even buy a poutine donut, if they so desire.

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PYMNTS

MARCH 27, 2019

Thus far neither The New York Times nor The Washington Post have been persuaded to join up. For payments peeps, the day’s highlight event was the announcement of the coming Apple credit card. Released through Apple Pay, the coming card will allow customers to apply for and be approved via Apple Wallet.

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PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. It would allow banks to offer regulatory impact on innovations that include some tech-driven initiatives.

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FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” The vast majority of the nearly 370 billion payment card transactions made globally each year are scanned by sophisticated software designed to detect fraud, in less time than a blink of the eye.

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PYMNTS

MAY 10, 2018

If the longest journey begins with a simple step, might the streamlined journey begin with a simple tap of the card? Late April saw the debut of the HOLO card, used for Oahu Transit, a project in which the cards are to be used across the system’s busses and a rail system being built out over the next several years. How bustling?

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PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. And the New York Times has revealed that it is planning to use blockchain technology to fight fake news.

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PYMNTS

APRIL 26, 2019

Critics contend that cashless stores impact those that don’t have credit cards, bank accounts or like to pay via cash, The New York Times reported. In other cashless payment news, Philadelphia recently passed a ban on cashless stores – the first big U.S. city to do so, per reports.

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PYMNTS

MARCH 7, 2019

The new law will take effect in July and would require most retail outlets to accept physical currency. New Jersey recently passed a similar law and New York City is on the path to doing so as well. Massachusetts already requires businesses to accept cash. . The Philadelphia measure does have some exceptions.

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PYMNTS

MARCH 25, 2019

Loading funds onto a prepaid card that opens the turnstile once scanned, swiped or inserted works terrifically well – until the customer forgets to check the balance on his transit pass, and finds himself locked out at the turnstile. Building New Consumer Habits. cities in the next few years. Kirkpatrick mused.

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NCR

FEBRUARY 21, 2017

In 1970, just a few years after the introduction of the ATM, the patent was granted for British engineer James Goodfellow’s concept of a personal identification number that could be stored on bank cards. The country’s first machine was installed at the Chemical Bank branch in Rockville Center, New York, in September 1969.

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PYMNTS

NOVEMBER 16, 2020

Delivery platform DoorDash filed its prospectus for an initial public offering (IPO) for a New York Stock Exchange listing on Friday (Nov. But a new PYMNTS study of 2,800 U.S. NEW DATA: Closing The Instant-Disbursements Perception Gap. FTC, Lawmakers Turn Sour On M&A; Could Innovation Suffer? Antitrust suits.

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PYMNTS

SEPTEMBER 29, 2020

The giant eCommerce website can now connect a stored credit card with a palm print. But there are plans to expand it across Seattle, New York, Chicago and San Francisco, the company said. CNN reports Amazon has introduced the latest touchless way to pay at checkout.

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