PYMNTS

APRIL 25, 2018

Capital One logged stronger than expected results when it posted its earnings yesterday — the growth was driven largely by rising interest rates and an uptick in its largest lending categories, cars and cards. Supply of card credit is on the high side, although it has settled out a bit. By The Numbers . What’s Next.

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Abrigo

MAY 11, 2021

Takeaway 1 Global cash flow can provide a more holistic lending picture as lending decisions have become more complex. Many financial institutions use global cash flow analysis in their lending process. A common misstep seen in lending departments is the belief that a guarantor improves an applicant’s credit quality.

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PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. For instance, instant payments are most prevalent in the worlds of wages, insurance disbursements and lending payouts, according to the survey results. Fast Fact No. percent as of 2018.

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Trends Study Taxes Payments 306

PYMNTS

AUGUST 7, 2018

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. The Fed’s report was published weeks after announcements of a 4.1

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MyBankTracker

MARCH 24, 2021

The 2021 tax season is likely to stand out from previous years as many Americans might need their tax refunds more than ever. According to a recent MyBankTracker survey, Americans are most likely to put this year’s tax refunds into savings, which may not come as a surprise. percent) of a tax refund for the 2021 tax season.

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Taxes Survey Study United States 52

PYMNTS

JULY 19, 2020

Rajnish Kumar, chairman of the State Bank of India , the country’s largest lender, said the resurgence of the coronavirus jeopardizes reform of the financial system, the Financial Times (FT) reported. “If Among the problems is a history of bad lending decisions and poor governance, the newspaper reported.

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PYMNTS

FEBRUARY 23, 2018

23) that it uncovered “methodological issues” with how it calculates credit card interest rates and will offer “remediation” to those customers impacted by such calculations. The company disclosed it “self-reported” the findings to regulators, said Reuters, as pertains to Regulation Z and the CARD Act.

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Abrigo

SEPTEMBER 20, 2023

Nearly  62% of fraud reported by financial institutions  is considered 1st-party fraud.  1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. 1st-party fraud costs merchants $89 billion annually, with an estimated 60% of charge offs due to fraud.

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PYMNTS

NOVEMBER 13, 2020

But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows. and Hong Kong.

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Capital Cards Fintech Payments 229

Payments Source

APRIL 27, 2018

The credit card lender reported a decline in pretax earnings, but a sharply reduced tax bill led to a 17% profit gain.

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Taxes Cards Report Lending 62

South State Correspondent

MAY 13, 2024

of financial crimes are reported, and only a fraction of those have enough evidence or rise to the level of materiality to prosecute. Filing a suspicious activity report (SAR) is just one of many actions. More states require greater disclosure and control over what banks and card processors can charge.

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PYMNTS

AUGUST 10, 2020

Instant payments that enable the 24/7, year-round transfer of tax refunds, benefits, dividend payments and other disbursements could be key to quickly getting them money for much needed purchases within 30 minutes or less. This is in turn driving a need for fresh financial solutions that can help customers pay — and get paid — fast.

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Millennials Data United States Report 222

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

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Cards Google Tools Regulation 189

PYMNTS

APRIL 16, 2018

tax reform, and strong economic growth around the globe is also benefitting these players. Lower corporate tax rates led JPMorgan Chase to post an 8.6 percent decline of income tax expenses, which hit $2.56 Still, the FI posted a 35 percent increase in profits, posting an all-time-high, according to Reuters reports.

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PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. He added the company will notify all affected customers, as well as report the incident to state regulators. “On

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Taxes New York Security Data 155

Jeff For Banks

APRIL 12, 2018

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” So why would banks expand small-ticket, unsecured personal lending? Real estate secured.

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PYMNTS

OCTOBER 8, 2019

The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers. Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform.

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Survey Taxes Data Report 134

PYMNTS

JANUARY 23, 2020

The company said in supplemental materials filed alongside its earnings report that payment services volume was $66 billion, up 9 percent versus the prior year. Drilling down into results, the company said that card loans were up 6 percent to $77.2 Provision for loan losses was up $38 million.

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Payments Conference Taxes Cards 130

PYMNTS

AUGUST 14, 2020

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. But they had already done this on the merchant side and were wildly successful with it.”. “I

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PYMNTS

JULY 16, 2019

Absent a boot from tax benefits that lifted earnings by 23 cents, adjusted earnings were $2.59, better than the $2.50 In tandem with other financial sector firms that reported uneven results from non-consumer segments, JPMorgan said fixed-income trading garnered $3.7 Within that segment, card income was $1.2 billion expected.

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Mobile Cards Community Bank Conference 108

South State Correspondent

OCTOBER 4, 2023

You can’t get ten triple-digit project ROIs in a row in lending, credit, mortgage, wealth, insurance, or several other areas. Build a campaign to acquire new customers or, at a minimum, remind your current customers to save for taxes, incentive compensation, emergencies, or any number of other items. Marketing can.

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PYMNTS

MARCH 8, 2019

As reported , they had a 42 percent share of loan volume by December of last year, where that share was 40 percent for Generation X and 17 percent for boomers. PayPal Lending: Takes off in the U.K. , Big Tech Taxes: It’s getting more expensive to be a tech juggernaut, at least in France, where a 3 percent digital tax has been levied.

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Millennials Taxes Lending Regional 109

PYMNTS

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. The NY Fed additionally reported that consumer credit (credit figures that do not include real estate debt) rose by $27.95

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Lending Cards America New York 105

PYMNTS

JANUARY 8, 2018

Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.

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Taxes Data Louisiana Colorado 105

Abrigo

AUGUST 19, 2020

Advisories from the Financial Crimes Enforcement Network (FinCEN) and other federal and state agencies address the increase in the number of reported fraud cases tied to the pandemic. Lending & Credit Risk. Member Business Lending. SBA Lending. Card Fraud. C&I Loans. Loan Origination System. Learn More.

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Fraud System Trends Software 195

ZootBlog

JUNE 8, 2016

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The 2017 date applies only to credit cards. The MLA’s overall goal is to prevent predatory lending against U.S.

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Lending Regulation Taxes Security 60

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Then, there’s IBM and its most recent earnings report.

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Fintech blockchain Lending Digital Banking 183

Qudos Bank

MARCH 28, 2023

Consider taking a card Not only could this make your finances easier to organise, but it could also help reduce the risk of making you a target among potential pickpockets or petty thieves. It also includes complimentary membership as a Qantas Frequent Flyer – allowing you to earn Qantas points* with every eligible card purchase.

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How To ATM Taxes Cards 52

PYMNTS

DECEMBER 4, 2018

3), the services offered from the TD Wealth Management for Healthcare Practitioners group include access to senior private bankers, investment managers, financial planners and lending specialists with expertise in the healthcare industry. Announced in a press release on Monday (Dec.

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Industry Management Taxes Lending 128

Abrigo

MARCH 3, 2021

Fraudulent, altered, counterfeit, or stolen EIP checks, Automated Clearing House (ACH) deposits, and prepaid debit cards. Treasury check or deposits related to a prepaid debit card linked to the same address (e.g., Reporting EIP fraud. An account holder attempts to deposit one or more checks that appear to be issued by the U.S.

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Fraud Payments ATM Trends 195

PYMNTS

JUNE 29, 2018

allegedly violated the Truth in Lending Act by failing to reevaluate and reduce the annual percentage rates (APRs) of consumer credit card accounts, the Bureau of Consumer Financial Protection (CFPB) announced that it has reached a settlement with the bank. million civil money penalty to right the wrongs, it was reported at the time.

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Taxes Lending Examples Report 101

PYMNTS

OCTOBER 27, 2016

According to a report , the idea behind the social trustability score is that, if someone breaks trust in one aspect of their lives, they will be negatively affected in other aspects. billion citizens don’t use a credit card. does, which makes it hard for bankers and lenders to make lending decisions.

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Training Video Taxes System 100

PYMNTS

MARCH 14, 2017

Once one gets in, their SAT score is officially useless to them; a mortgage underwriter won’t ask about it, credit card companies don’t care about it, and while we can’t be sure that no employer on Earth would make a hiring decision on the basis of it, we are fairly sure that the list of those that do is vanishingly short.

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Taxes Report Data Lending 100

PYMNTS

NOVEMBER 7, 2018

LendingClub reported double-digit loan origination growth in the third quarter, outpaced by a jump over the same period for application. Overall, the company reported a top line that was up nearly 20 percent to $184.6 million, beating consensus by about $2.6 The company said it had loan originations of $2.9

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PYMNTS

JULY 31, 2017

According to reports, the data was accidently given to the attorney as part of an ongoing lawsuit. Wells Fargo takes the security and privacy of our customers’ information very seriously,” the banking firm said in a statement according to the report. “We Codel, head of consumer lending at Wells Fargo, said in an interview.

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South State Correspondent

MARCH 28, 2022

As we pointed out, banks are in an ideal position to take advantage of these trends and grab market share back from the traditional card networks and fintechs. These additional messaging capabilities will make the new payment channels superior to the current card, wire, and ACH payment rails that dominate today.

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Payments Trends Data Fintech 195

PYMNTS

MAY 15, 2017

billion yesterday celebrating their moms, buying flowers and cards and taking them out to brunch. By the numbers, First Data reported adjusted earnings per share of $0.28 Things continue to look rough over at marketplace lender OnDeck, as it reported quarterly earnings that included a slightly bigger-than-expected quarterly loss.

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