PYMNTS

NOVEMBER 4, 2019

That need for speed is also critical when it comes to loan disbursements , according to Paul Gu, co-founder and head of product for personal lending provider Upstart , as slow payouts can create frictions and frustrate customers. Disbursements in the Lending World. Instant Payments, Lending and New Technologies.

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Lending Industry Payments Cards 116

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.

Cards 193

Cards Payments Atlanta Google 193

Perficient

FEBRUARY 17, 2023

In this blog, we will look at how a non-banking firm can offer bank-like payments and loans to its customers. Embedded Payments A 2022 study published by the Federal Reserve Bank of San Francisco noted that app payments increased as a percentage of total consumer purchases from 11% in 2019 to 15% in 2020, to 29% in 2021.

San Francisco 275

San Francisco Cards Online Payments 275

PYMNTS

OCTOBER 20, 2016

Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. The report noted Vullo’s remarks follow the launch last week of Goldman Sachs’ online lending platform, dubbed Marcus.

New York 100

New York Lending Online Cards 100

Bank Innovation

MARCH 23, 2018

As mobile wallets and consumer-to-business payments platforms grow in popularity as the preferred payment method among retail shoppers, it seems only natural that merchants should consider digital POS lending or instant financing options as a means to encourage more online purchases. Indeed, they are. Read More.

Online 218

Online Lending Survey Retail 218

PYMNTS

OCTOBER 7, 2020

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs. American Express rolled out co-branded cards with Amazon for British SMBs.

Cards 248

Cards Innovation United States Branding 248

PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Payments 263

Payments Resources Lending Online 263

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

PYMNTS

SEPTEMBER 2, 2020

From flexible repayment plans for cash flow management to sustainability programs that offset carbon emissions from fleet vehicles, the commercial card is versatile in this week's innovation roundup. American Express is expanding its Pay Over Time offering on credit card bills to business cardholders in the U.S.,

Cards 150

Cards Innovation Management Tools 150

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.

Cards 158

Cards Las Vegas Innovation Mobile 158

PYMNTS

FEBRUARY 3, 2020

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

Lending 146

Lending Apple Study Online 146

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 […].

Cards 255

Cards Millennials Lending Innovation 255

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.

Cards 131

Cards New York Lending Strategy 131

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. which is a huge draw to using BNPL as a non-cash payment method. What Are Some Buy Now, Pay Later Companies? Which one is best for me?

Fintech 474

Fintech Trends South Dakota Apple 474

CFPB Monitor

DECEMBER 13, 2021

The report discusses the Bureau’s examinations in the areas of credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittances that were completed between January 2021 and June 2021. Credit card management. Fair lending.

Lending 78

Lending Cards Regulation Payments 78

PYMNTS

NOVEMBER 19, 2020

A sitting member of the Monetary Policy Committee, Haldane said that introducing a digital currency could lead to something closer to “narrow banking,” where safe payments are separated from “banks’ riskier credit-provision activities.”. The future of digital currencies, Haldane said, is uncertain and most likely varied. “If

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Bitcoin cryptocurrency Online social media 222

BankBazaar

JANUARY 25, 2024

What have your Credit Card ’s ancestors been up to? There’s probably nothing new we can tell you about the Credit Card. Today, we’re aiming at remedying that, so we’re all left with a new-found respect for our spend-friends and who knows, maybe it’ll just inspire us to go find the right Credit Card to fit our finances!

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Cards Tools ATM Management 78

PYMNTS

JULY 6, 2017

Online and alternative lending is satiating consumers’ need for speed when it comes to accessing finance. But, while an online loan decision may be near-instant, borrowers may still have to wait several days to actually see the money — and what’s the good in news like that? It’s a no-brainer,” said Edwards.

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Lending Online Risk Management Payments 101

PYMNTS

FEBRUARY 21, 2019

Apple and Goldman Sachs, through joint efforts, will issue a credit card that links with the iPhone, the Wall Street Journal reported on Thursday (Feb. The new card is aimed at helping consumers with money management, and bringing the companies into new areas of business.

Apple 172

Apple Cards Report Lending 172

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?. Partnership developments.

Cards 158

Cards US Taxes Apple 158

Bank Innovation

APRIL 10, 2018

EXCLUSIVE— Lending startup Upgrade is opening a new personal credit line today, designed to give customers all of the benefits of credit with none of its flaws. The product is essentially a cross between a typically credit card and a traditional personal loan, Renaud Laplanche, company CEO and c0-founder, told Bank Innovation.

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Lending Mobile Cards Innovation 186

PYMNTS

MARCH 7, 2019

Many countries within the EU are working fast to implement these regulations into their payment and banking ecosystems. These security concerns are also prompting many payment providers and merchants, such as Mastercard , to rethink their approaches to privacy. How PSD2 is Changing Lending in the U.K. Around the PSD2 World.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

SEPTEMBER 4, 2019

The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms. The solution ensures compliance with the second payment services directive (PSD2).

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Lending Fintech Guidelines Meeting 134

PYMNTS

APRIL 15, 2019

American Express, the payments company, reported Monday (April 15) that credit card delinquency rates in March were flat with February, which should be welcome news as investors look for more signs the U.S. consumer cards was 1.5 It was also hit by write-offs in its lending business that increases.

Cards 140

Cards Lending Online Report 140

BankBazaar

AUGUST 12, 2021

The lending industry has evolved with time, and now thanks to BNPL plans, the world has more options to pay for its needs than ever before. With the pandemic hitting hard, online shopping has seen a monumental rise in the last year. At the same time, BNPL is slated to become the fastest-growing online payment method.

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Lending Cards Online Industry 78

PYMNTS

OCTOBER 23, 2019

Small business lending platform Biz2Credit is collaborating with consulting firm Infosys to expand its white label small business lending-as-a-service solution to more financial institutions. We look to partner with leading FinTechs such as Biz2Credit, which are at the forefront of online business financing.

Lending 104

Lending Analysis Innovation Policies 104

PYMNTS

MAY 8, 2020

Joining Karen Webster for the latest edition of This Week In Payments, Spreedly CEO Justin Benson sat down to remotely chat about the recent run of earnings and what they mean for the payments and commerce ecosystem’s long-term prospects. PayPal, Square and the Power of Scale in Payments . Online Lenders’ Uncertain Times .

Lending 187

Lending Payments Exercises Report 187

PYMNTS

JULY 4, 2018

As a consumer lending category with the fastest growth, outstanding balances for personal loans jumped by about 18 percent to $120 billion in the first quarter. A lot of credit goes to the FinTech lenders for reinvigorating a loan category that’s been around forever,” Jason Laky, TransUnion ’s consumer-lending business lead, told Bloomberg.

Lending 110

Lending New York Fintech Cards 110

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

Payments Source

DECEMBER 30, 2020

Nearly 70% of consumers surveyed said they were confident in their ability to pay their full monthly statement in December, up 5 percentage points from November, according to monthly data from the online lending marketplace LendingTree.

Cards 158

Cards Survey Lending Online 158

PYMNTS

NOVEMBER 27, 2017

At its peak, holiday shoppers were spending approximately $1 million per minute online to soak up big deals. $3 3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., 60 percent | Portion of Singapore’s national spend done through payment cards.

Lending 100

Lending social media Data Cards 100

BankBazaar

APRIL 19, 2023

Credit Cards are a hugely popular and convenient way of making payments. If you have a good Credit Score and a stable income source, you may get approved for a Credit Card with a high credit limit and attractive reward programs. Here are a few things you can do to get the Credit Card you want.

Cards 78

Cards How To Online Lending 78

PYMNTS

AUGUST 24, 2018

Look at payments in China as an example. 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 percent gain in profit, to about 40.8 billion yuan. trillion yuan.

Mobile 107

Mobile Cards Payments Lending 107

Accenture

OCTOBER 14, 2019

Guest blogger Markus Naumer examines how digital payments technology is enhancing credit lending and showing promise in addressing consumer credit-aversion challenges. In most European countries, for example, unsecured card lending is less than 18 percent of total unsecured consumer lending.

Payments 150

Payments Lending Examples Innovation 150

PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. It encouraged banks to develop their own digital lending solutions and collaborate with their one-time rivals to step up the borrowing experience for SMBs.

Lending 130

Lending Regulation Capital Industry 130

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

Cards 135

Cards Lending Retail Security 135

PYMNTS

FEBRUARY 6, 2020

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the costs and benefits of a digital currency and the Reserve Bank of Australia considers stopping banks from automatically routing “tap and go” payments through Visa and Mastercard.

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Payments Cards Retail cryptocurrency 130