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

AUGUST 18, 2019

Following in Afterpay ’s footsteps, the leader in “buy now, pay later” payments, Citi is forming a partnership with online retailer Kogan.com to let existing credit card customers switch to installment loans at the point of sale (POS). The fee will be calculated as a percentage of the purchase price, ranging from 0.5

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PYMNTS

OCTOBER 5, 2018

The reason private label works so well in stores, Bread CEO and Co-founder Josh Abramowitz told PYMNTS’ Karen Webster, is because they are so well-integrated with the physical retail environments for which they were created. This isn’t the case for retailers born in the online world, Abramowitz contends.

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ATM Marketplace

FEBRUARY 14, 2020

Mike Rittler, general manager of retail card services and personal lending at TD Bank, shares his insight on trends, transformative innovation and how the 'traditional check out' experience is on its way out.

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PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009. Take payroll cards.

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PYMNTS

JULY 14, 2020

For example, its retail banking division posted a $176 million loss versus a $4.2 billion, while asset and wealth management revenues grew 1 percent to $3.6 Card sales volumes are down, but have been consistently trending upward since April,” Dimon said. “We billion profit at the same time last year. On the other hand, J.P.

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PYMNTS

DECEMBER 3, 2019

Though commercial card innovation has recently hit an acceleration point, there is still plenty of room for progress. Power took one key friction point of the small business (SMB) credit card market to task. Power Director of Wealth and Lending Intelligence John Cabell in a statement. Walmart Boosts Cards For India SMBs.

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PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. The top line, known as managed revenue, came in at $29.2 But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2 Management has signaled that investments in technology will continue.

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PYMNTS

OCTOBER 26, 2017

HSBC has launched its Premier World Elite Mastercard , a luxury credit card featuring a sleek metal design and providing best-in-class travel benefits and privileges for clients. “We and Canada. “We and Canada.

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PYMNTS

JULY 14, 2020

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action. The account comes with 1.30

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PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. The top line, known as managed revenue, came in at $29.2 But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2 Management has signaled that investments in technology will continue.

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PYMNTS

OCTOBER 17, 2016

Affirm, the company started by PayPal Cofounder Max Levchin to deliver financial products to consumers, announced last week it has obtained a $100 million lending facility from Morgan Stanley. Affirm partners with over 750 merchants to give shoppers the flexibility to buy now and make monthly payments for their purchases.

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PYMNTS

JULY 21, 2017

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. Sixty percent of Americans fear credit cards,” Levchin noted. For people who live on the coasts, a credit card is an API access to money. “Finance is pretty broken.”.

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Perficient

JANUARY 16, 2023

I remember when my mother stopped shopping at one department store because they wouldn’t give her a charge card in her own name, but another store would on their private-label charge card. This can include offering lending services or creating embedded bank accounts for other businesses or consumers.

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blockchain Software Customer Experience Strategy 275

FICO

JANUARY 11, 2022

With the Omicron variant impacting hospitality and retail sales in December, lenders will be looking at whether they need to reintroduce payment holidays as well as returning to the stricter lending policies that were implemented at the outset of the pandemic until the situation becomes clearer. percent drop this time last year.

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PYMNTS

JUNE 8, 2020

Cardpay , based in Bengaluru, India, offers a spending management platform to corporations under the brand name “Grit.” The platform offers help with physical and virtual credit cards, invoice processing and early payments discounts, BusinessLine reports. “Payments-led lending is the new growth mantra for us.

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Gonzobanker

AUGUST 17, 2022

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. Lending Tech With Almost Steady Grades (Even With Rough Semesters). First, there was the drama leading up to the breakup with the rich hottie.

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PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Morgan Enhances Virtual Cards Via Marqeta. Plaid, Galileo Boost ACH Efficiency.

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Fintech Cards Technology Samsung 277

BankBazaar

NOVEMBER 3, 2020

If you’re fresh out of college and have just joined the workforce, the prospect of getting a Credit Card may seem attractive. There are some obvious perks of having a Credit Card : cashbacks, rewards, air miles, rewards on spends etc. A Credit Card Builds Your Credit Reputation. Credit Cards Help You Earn Rewards.

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Cards Lending Payments Retail 78

PYMNTS

NOVEMBER 4, 2020

Square has said there are 7 million monthly active users of its Cash Card (double from the same period in the previous year) and stored funds surged 86 percent. As to the great digital shift: Management noted on the last earnings call that GPV from online channels was up more than 50 percent year over year to 25 percent of GPV.

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Bitcoin Report Management Cards 209

FICO

NOVEMBER 30, 2022

Profitability and Customer Financial Health in Retail Banking. In my recent Forbes article , I explored a vision for the future of retail banking where the customer’s complete financial wellness is at the center of decision making. A month ago, your bank extended a credit card offer and it wasn’t taken up. FICO Admin.

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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

MAY 8, 2020

But while Square does have genuine bright spots, Benson noted, its early determination to focus on card present transactions at physical retailers, and its relative slowness on card not present (CNP) transactions has had unfortunate dividends now as its core retailer set has been largely forced to close their doors.

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PYMNTS

JUNE 9, 2020

Plus, retail dispute management firm Chargeback raised $6.6 The management team for the proposed offering includes some of the biggest names in financial services: Goldman Sachs & Co., Dispute Management Firm Chargeback Raises $6.6M. InsurTech Lemonade To Go Public. Lemonade Inc., Morgan Stanley & Co.,

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PYMNTS

DECEMBER 4, 2020

Banking as a Service (BaaS) is poised to change the end user experience of corporates as they navigate the daily challenges of cash flow management, supply chain activity and the need to become digital-first. Elsewhere, StreetShares raised $10 million to expand small business lending technology for banks and credit unions.

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PYMNTS

JULY 14, 2020

While JPMorgan Chase and Citi managed to come out ahead of analyst estimates, Wells Fargo posted a top-line miss and a significantly worse-than-expected bottom line. billion rise in credit reserves and a decline in cards purchase sales of 24 percent. The firm’s retail-banking division registered a $176 million loss compared to a $4.2

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Cards ATM Report Community Bank 158

PYMNTS

AUGUST 28, 2018

It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. Specifically, the firm will focus on dual-language offerings for mobile and web applications, as well as automating risk-management and loan-origination processes. “It

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PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. So, here’s what you need to know to be trending in payments this week. EMV’s Second Phase.

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South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. These are cash flow management tools that send a signal of future problems. Banks are currently reducing indirect auto financing growth and are managed by greater holdback and fewer exceptions. Unsecured personal loan usage is up 21%.

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PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. But the leader of the pack goes to one corporate travel and expense management startup that impressed investors despite a business trip slump. Bookkeeper360. CreditEnable.

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PYMNTS

FEBRUARY 21, 2020

PYMNTS’ latest roundup finds investor interest for B2B eCommerce , small business banking, corporate card technology, cybersecurity and autonomous supply chain tech, but it was a ResTech startup that secured the most funding of the week, by a considerable margin. MaxWholesale.

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PYMNTS

JUNE 10, 2020

percent that can be drawn and repaid like a credit card, sources told the network. Our team exists to fuel seller growth, period,” Ragui Selwanes, head of Amazon Lending, said in a statement. While Goldman has only offered retail finance for a short time, the bank has $80 billion in deposits and $7 billion in loans. “On

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PYMNTS

JULY 27, 2020

are seeking payment methods that can help them flexibly manage necessary expenses, and the BNPL industry is poised for growth in other markets as well. More retailers are offering BNPL options to boost spending among cash-strapped consumers, too, further fueling the method’s expansion. Consumers in the U.S.

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CB Insights

JANUARY 26, 2023

First name Last name Email Company Name Job Title Phone number Using CB Insights data, we mapped how a16z spread these fintech investments across categories like payments, blockchain, digital lending, and more. Tally Technologies ($80M Series C): Tally’s app helps consumers pay off credit card debt more quickly by automating payments.

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Strategy Fintech blockchain Lending 101

PYMNTS

JANUARY 15, 2021

Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending and spending, and of course debt repayment, may not have been as bad as had been feared in the dark days of Spring 2020. What’s in the cards? billion, and managed to earn $2.08, where analysts had expected $1.34. Citi released $1.5

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PYMNTS

DECEMBER 9, 2019

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Apple Updates Wallet App to Reflect iPhone Financing for Apple Card Users.

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PYMNTS

APRIL 16, 2019

Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. As well, Bankrate has estimated that roughly 33 percent of millennials have cards.

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