PYMNTS

JANUARY 14, 2021

There is no shortage of digital-only banks offering a smoother onboarding process, a slick mobile interface and fee waivers in an effort to tempt consumers to leave their traditional bank. 14) that it is jumping into the world of mobile banking with the launch of a debit rewards product somewhat eye-catching. “We

Mobile 178

Mobile Cards Security Lending 178

Bank Innovation

MAY 8, 2017

Affirm, the lending startup that provides loans at the POS, is looking into launching everyday-use virtual credit cards, Bank Innovation has learned. Once approved, consumers receive a one-time use virtual card via Affirm’s […].

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Cards Millennials Lending Innovation 255

PYMNTS

JULY 15, 2020

MoneyLion , the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. with Mastercard as its exclusive card network. RoarMoney promises faster access to customer funds and secure contactless payment options.

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Mobile New York Tools Digital Banking 175

Independent Banker

OCTOBER 31, 2022

Digital lending capabilities are quickly becoming table stakes, particularly when it comes to small business lending. However, banks should first consider their customers’ needs and the infrastructure and features needed in a lending platform before adopting a new digital strategy. Benefits of digital lending.

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Lending Community Bank Community Illinois 91

TheGuardian

MARCH 1, 2024

Thief went on £9,000 spree with the victim’s money before using her Uber account to travel to Stansted If you are one of those people who keeps their debit card in their mobile phone case, has a note of their pin on their handset, or only ever uses mobile banking, you may want to rethink your setup after you read the case of Sami Souret*.

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Lending Apple Mobile Cards 96

PYMNTS

OCTOBER 15, 2020

But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. At least in terms of third-quarter results that gave insight into card spending and charge-offs. “As

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America Cards Mobile Management 220

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.

Cards 158

Cards Las Vegas Innovation Mobile 158

PYMNTS

JULY 29, 2019

A company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. The card was released in the U.S. The debit card was introduced early in 2018 in Europe. Glint Pay has upwards of 50,000 downloads of its mobile app and around $50 million in transactions.

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Cards Colorado Denver Fintech 191

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. But S&P found that there’s an awful lot of ground left for mobile payments to capture.

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Mobile Payments Cards Fintech 140

PYMNTS

AUGUST 24, 2018

Behind the tailwind driving that profit lies an engine worthy of some examination: credit card spending. Within that timeframe, the value of credit card transactions got a big boost – to the tune of 43.8 That number met expectations, but to our reading, it may not be the most interesting stat. trillion yuan.

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Mobile Cards Payments Lending 107

PYMNTS

MARCH 24, 2020

Chinese smartphone manufacturer OnePlus said it would debut its mobile payment system this year when its OnePlus 7T series of mobile phones rolled out in September 2019. The company’s mobile payment platform is now said to be live in China, GizChina reported.

Mobile 108

Mobile Payments United States Cards 108

PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. Instant Loans And The Speed And Security Balancing Act.

Lending 112

Lending Trends Payments Mobile 112

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. But S&P found that there’s an awful lot of ground left for mobile payments to capture.

Mobile 141

Mobile Payments Cards Fintech 141

PYMNTS

OCTOBER 14, 2020

On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. Wells Fargo also saw heightened debit card usage during Q3. Debit card point-of-sale purchase volume hit $102.9 million active mobile customers. billion in the period, up 11.1

Cards 206

Cards Operations Report Mobile 206

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. Credit card sales and merchant volumes were up 13 percent. Total debit and credit card sales volume was up 11 percent year over year to $231.1 million and 29.3

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Cards Mobile Community Bank Conference 109

PYMNTS

JANUARY 14, 2021

In Pakistan, for firms seeking to spur that adoption and to foster financial inclusion, it’s important to have a “cash in, cash out” mindset, as Erwan Gelebart, CEO of digital wallet, mobile payments and digital banking provider JazzCash , told Karen Webster in an interview. Apps — And Agents, Too .

Mobile 234

Mobile Payments Course Data 234

Accenture

MAY 30, 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. Credit card profitability remains attractive for banks with our ROA proxies increasing 43 bps YoY?. Mobile & tech.

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Cards US Taxes Apple 158

Perficient

JANUARY 24, 2023

As a baseball card collector since childhood, I remember when eBay opened its URL back in 1995. One could buy and sell baseball cards on the site but had to mail a check, or await the arrival of a check, via snail mail. Baseball card heaven for both buyer and seller. Consider the evolution of eBay.

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Branding Cards Strategy US 472

PYMNTS

JANUARY 15, 2019

Rising interest rates helped boost results for the consumer lending business and credit cards, while perhaps predictably, the mortgage lending business slipped, off 30 percent from last year’s $24.4 Home lending was off by 8 percent from $1.4 Credit card sales were up 10 percent to $185.3 percent, versus 2.06

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Mobile Lending Cards Community Bank 139

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

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Cards New York Lending Strategy 131

PYMNTS

APRIL 25, 2019

Consumer dependence on smartphones is often derided as a distraction, but they have also become a vital mobile shopping and buying tool – whether in-store or from a living room sofa. Consumers shop everywhere at anytime, and no two mobile users have the same behavior. percent) had the lowest influence on mobile purchases.

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Study Mobile Payments Cards 165

PYMNTS

MARCH 7, 2019

said they would give their mobile numbers to their banks, for instance, showing a lack of trust, and putting a damper on Open Banking services. The card network has partnered with Open Banking service Konsentus to add an identity and regulatory checking service to its roster of Open Banking tools and technologies.

Lending 198

Lending Regulation Regional Data 198

Bank Innovation

OCTOBER 23, 2017

EXCLUSIVE- Point-of-sale financier Affirm today launched its mobile app as it looks to strengthen its online business. The new app will give customers a virtual card that they can use to make online purchases. The app, which Bank Innovation first reported about in August, is available today for download.

Mobile 225

Mobile Online Innovation Cards 225

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. Starbucks Steals The Mobile Show (Again). EMV’s Second Phase.

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Lending Mobile Cards Fraud 100

PYMNTS

MAY 25, 2018

After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a leader in financial inclusion. And, since Kenya has been an experimental case for new digital lending tools, Reuters said that the regulation will be closely monitored by fintech startups.

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Regulation Lending Mobile Course 101

PYMNTS

AUGUST 23, 2019

With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. With the app, users can make payments via multiple options like credit cards, debit cards, UPI and net banking.

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PYMNTS

FEBRUARY 21, 2020

Cashplus is upgrading its mobile app with the Google maps spend tracking feature, the company announced on Thursday (Feb. Commercial Cards and Payments — and before working at Amex, Duseja held a position at Accenture. The Spending Insights tool uses data from Google Maps to find out where and when a payment was made.

Cards 160

Cards Payments Google Tools 160

PYMNTS

JANUARY 15, 2021

But presentation materials that accompanied the results showed that of the reserve released in the quarter, $900 million came from the consumer side of the book, so to speak, and were released from home lending. Reserves were held flat on the card business, standing currently at $17.8 Card average loans stood at $141.2

Management 151

Management Mobile Conference Lending 151

PYMNTS

MAY 2, 2017

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Drilling down a bit into the Puerto Rico market in particular, Arora noted some differences between small business lending versus, say, the United States.

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Puerto Rico Lending Online United States 118

Perficient

FEBRUARY 17, 2023

Taking out a credit card and entering its number is a friction point that can cause consumers to abandon both online purchases (7% of abandoned online carts are due to not having a credit card handy or the same credit card accepted by the merchant) and in-person purchase decisions. What about larger, more expensive, purchases?

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San Francisco Cards Online Payments 275

PYMNTS

AUGUST 2, 2018

As Americans increasingly turn to their mobile devices to instantly pay through peer-to-peer (P2P) services like Venmo and Zelle, the act of writing a check or heading to the ATM for quick cash is becoming a thing of the past. What we’re trying to do is bring that technology to lending.”. P2P Payments To Power Loans.

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Lending Tools Technology Millennials 138

PYMNTS

JULY 14, 2017

The firm showed traction in its loan book, mobile efforts and credit card portfolio. Loans and deposits continue to grow strongly, and card sales and merchant processing volumes were up double digits, reflecting our consistent investment in the business.”. Card sales volume was $156.8 The company earned $1.82

Cards 109

Cards Mobile Community Bank Conference 109

PYMNTS

JANUARY 22, 2019

Investors have backed Switzerland-based FinTech startup KiWi to help the firm expand its small business payments and lending operations in Mexico, reports in BankingTech said Monday (Jan. The firm enables businesses to accept electronic payments via mobile POS device.

Lending 137

Lending Payments Tools Capital 137

Bank Innovation

MAY 9, 2018

New takes on lending and underwriting dominated the opening day of demos at FinovateSpring 2018 here yesterday. SANTA CLARA, Calif. - But this being fintech's leading demo showcase, the featured startups offered up these basic, fundamental aspects of banking in a new way, often with "artificial intelligence" under the hood.

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Lending Fintech cryptocurrency Cards 186

PYMNTS

JULY 16, 2019

JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts. Other consumer lending, excluding credit cards , was down 6 percent year on year to $352 billion. billion.

Mobile 108

Mobile Cards Community Bank Conference 108

PYMNTS

AUGUST 1, 2017

With home loan growth expected to slow to 4 percent in 2018, National Australia Bank (NAB) wants to build its business elsewhere, namely in SME lending. A report in The Australian on Monday (July 31) revealed news that the NAB is adding new features to its small business (SMB) lending unit, QuickBiz, in an effort to build market share.

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National Lending Capital Regulation 100

PYMNTS

MAY 31, 2019

Margaret Keane, the CEO of Synchrony Financial, the biggest provider of store credit cards, said the card industry will be keeping a close watch on how Goldman Sachs handles its partnership with Apple in regards to the newly announced Apple Card. Co-branded cards, as all payments professionals know, have been around for decades.

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Apple Cards New York Branding 122