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. Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. percent annually.

Lending 105

Lending Cards America New York 105

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

Bank Innovation

JANUARY 25, 2018

Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. to the rise of […].

Trends 299

Trends Bitcoin cryptocurrency Taxes 299

Gonzobanker

JANUARY 4, 2018

PayPal Launches Gift Cards. PayPal’s move into P2P gift cards is aligned with consumers’ interest in using PayPal for retail purposes. The card processing landscape experienced significant changes in 2017, and this shift in players will impact financial institutions well into the future. Heloc Tax Deduction Suspension.

Taxes 60

Taxes Strategy Cards Lending 60

South State Correspondent

MAY 1, 2024

Banks should extend their elite accounts, provide events, and conduct campaigns to tell the story of the bank and its capabilities to accountants, lawyers, tax professionals, trade association officials, and other groups rather than provide an outsized influence on a target customer segment. months, including an annual operating cost.

Innovation 195

Innovation social media Branding Marketing 195

Bank Innovation

JANUARY 19, 2017

It turns out taxes were popular this week. While Credit Karma (still) remained the top finance app for both the iOS and Google Play charts today, the TurboTax Tax Return app is not far behind. The TurboTax app is currently ranked second on the Google Play charts and third for Read More.

Taxes 150

Taxes Google social media Online 150

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. Marketplace Lending. Honesty is the best policy.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

FEBRUARY 13, 2020

Visa President Ryan McInerney said that beyond the core card business there remains the opportunity to “capture new flows of money using our expanding network of networks.” Another $5 trillion comes from merchant settlement, marketplace payouts and alternative lending. At its investor day presentation Tuesday (Feb.

Payments 163

Payments Regional America Cards 163

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet.

Report 228

Report Payments Millennials Cards 228

Independent Banker

JUNE 30, 2022

Burmis, senior vice president and retail lending manager at $450 million-asset Chelsea State Bank in Chelsea, Mich. The community bank also hopes to participate in a new tax-exempt savings program for first-time homebuyers that was approved by the state of Michigan in April. So how can community banks help? Flexibility needed.

Community Bank 143

Community Bank Community Millennials Resources 143

FICO

JUNE 1, 2023

Census Bureau reports advanced estimates that retail sales were down 1.2% Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards.

Trends 52

Trends Industry US Cards 52

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., Hemp, The Farm Bill, and Their Impact on Ag Lending. Treasury but are fraudulent or counterfeit checks. Learn More.

Fraud 195

Fraud Payments ATM Trends 195

PYMNTS

MAY 15, 2017

billion yesterday celebrating their moms, buying flowers and cards and taking them out to brunch. Credit and retail processing in North America were up 1 percent, and the business, globally, gained 2 percent. Those tax refund recipients, in turn, were able to get cash advances. Spend per card is also up — by about 9 percent.

Data 100

Data America Taxes Cards 100

PYMNTS

APRIL 20, 2018

Goldman’s first toe in the water was Marcus, its consumer banking and lending platform, said to be named after its founder. In fact, one of them asked Chavez during the earnings call whether Marcus was lending to consumers with less than stellar credit histories. The Big Bet on Consumer Services. The Dip into Commercial Banking.

New York 101

New York Lending Tools Boston 101

Independent Banker

JULY 30, 2015

In Texas, data security, debit card surcharges and compensation for records searches become legislative issues. Some of the most pressing issues this year involved data security breaches, patent trolls, debit card surcharges and reimbursements for litigation records search requests. A $50 civil penalty, per card, is also included.

Data 70

Data Texas Community Bank Taxes 70

PYMNTS

DECEMBER 14, 2017

While these companies will be doing the work of Santa Claus this holiday season, there is, unfortunately, no fleet of flying reindeer to lend a hand (or hoof) with the workload. Retail customers can now use the service to receive payments from the UAE’s RAKBANK. That potentially means slower deliveries and missed Christmas presents.

Trends 115

Trends Payments blockchain Report 115

PYMNTS

JANUARY 25, 2019

In terms of payments technology and alternative lending, B2C and B2B may be respectively seen as digital versions of the hare and tortoise. For those firms seeking access to credit, lenders will often start with the SMB principal’s FICO score or tax returns from the past few years, which can be an inefficient barometer of credit risk.

Retail 159

Retail Capital Data Payments 159

Fintech Labs Insights

APRIL 12, 2022

We’ve been on both sides of the table, 25 years running a small business, 5 years working in a bank, and 25 years advising banks on their digital retail banking and lending services. Debit card. Card processing*. Credit/charge card*. Commercial lending*. Tax features (basic)*. Virtual card numbers*.

Digital Banking 15

Digital Banking Lending Fraud Cards 15

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. It’s not like cross-selling a credit card.” FirstBank, which has $2.3 New FHA guidelines.

Trends 70

Trends Community Lending Community Bank 70

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 142

Fintech Strategy Leadership Lending 142

Jeff For Banks

SEPTEMBER 13, 2015

Chief Retail Officer. Since his joining the Board, the bank has stabilized, returned to profitability, recaptured it's deferred tax asset, and NPAs/Assets have declined to less than 3%. The Running Back/Chief Retail Officer Criteria: I sifted through banks with the best cost of funds and cost of interest bearing liabilities.

Community Bank 60

Community Bank Lending Community Security 60

PYMNTS

AUGUST 5, 2016

Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. So, we all know this – chip cards were not going to fix the problem of fraud at the POS.

Bitcoin 100

Bitcoin Payments Samsung social media 100

Gonzobanker

DECEMBER 19, 2017

The Get Outta Dodge (and Focus) Award – Goes to Capital One for exiting a significant mortgage business to focus on cards and direct banking. The Real “Lending” Stock Award – Goes to longtime player LendingTree. Oh, by the way, that Fintech darling of two years ago Lending Club? Executioner’s Tax (Swing of the Ax) – Power Trip.

Conference 90

Conference Industry Community Bank Community 90

PYMNTS

OCTOBER 22, 2018

According to the statement, “the acquisition will enable NCR to integrate a cloud-based payments platform into its enterprise point-of-sale solutions for retail and hospitality industries. JetPay ’s services include card acceptance, processing, payroll, payroll tax filing, human capital management services and other financial transactions.

Payments 136

Payments Pennsylvania Capital Strategy 136

Fintech Labs Insights

OCTOBER 19, 2015

Gift cards backed with public company equity. Fingerprint-authenticated payment card. Card rewards management. Tags: Enterprise, underwriting, credit, lending, analytics, API, Life.SREDA (investor). Total raised: $600 million. Source: Finovate. Secure messaging for financial services. HQ: Palo Alto, California.

New York City 12

New York City Company Fintech New York 12

William Mills

SEPTEMBER 7, 2016

With CRMnext, replacing a lost card or request a new pin is a one button process. Demo: voice conversation with Alexa, able to ask bank account balance, block cards, pay bills, send money to friends. Built a workflow for the bank so the bank can approve payment and see all compliance and tax information.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

APRIL 11, 2016

Compared to the alternative — losing it in the market anyway and/or being taxed on whatever returns they might manage to eke out — the downside doesn’t appear too threatening. Even payments cards charge both sides. Credit cards come with interest if consumers revolve their balances. Worst case — VCs lose it all.

San Francisco 100

San Francisco Operations Examples Branding 100

Tomorrow's Transactions

FEBRUARY 15, 2016

Today, we mostly pay with commercial bank money… Given the wide range of potential instant payment services, bank deposits as the main form of money could lose importance if non-bank providers gain a dominant position in the retail payments market. You can see the broad outline of the debate forming. billion just before the financial crisis.

Industry 39

Industry Maine System Payments 39

Fintech Labs Insights

JANUARY 8, 2017

based retailer offering its shoppers financial services via Tandem. House of Fraser currently offers consumers credit and loyalty cards; it said it will detail how it will use its new relationship with Tandem in the first half of 2017. The funding comes as part of an agreement that will have the U.K. Blockchain.

Fintech 12

Fintech blockchain Technology Lending 12

CB Insights

SEPTEMBER 10, 2019

Being comfortable with the idea of alternative financial systems has opened the door to a variety of innovations, from alternative investment vehicles like cryptocurrency to point-of-sale lending alternatives. Borrowing: Credit-shy millennials embrace PoS lending. Budgeting & Saving: Millennials go mobile and embrace automation.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

DECEMBER 19, 2016

And a set of problems with some very pointed implications for everyone in payments, retail and commerce whose ambition it is to capture the purchasing power of this coveted generation. Chetty and his team did that by gaining access to the anonymized tax returns of people in their mid-30s over a 40-year period between 1940 and 1980.

Millennials 100

Millennials Fintech Cards Groups 100

Fintech Labs Insights

OCTOBER 3, 2016

Provided instant card-issuance technology to Bank of the Ozarks. Announced EMV-instant issuance milestone of more than 10 million cards in the U.S. Honored as the Innovation Showcase Award winner by the attendees of the BAI Retail Delivery conference. Teamed up with WooCommerce to help online merchants manage sales taxes.

San Francisco 18

San Francisco Taxes Lending Colorado 18

CB Insights

MAY 23, 2019

WrkRiot’s short-lived house of cards falls down. LendingClub was one of many online lending services founded in the mid-2000s as entrepreneurs eyed the Byzantine financial sector as an area ripe for disruption. Croatian-born entrepreneur Renato Libric had a singular vision: to disrupt America’s massive gift card market.

Fraud 78

Fraud Las Vegas Company Video 78

Fintech Labs Insights

JUNE 27, 2016

P2P lending platform. Online tax preparation. Company credit cards. Retail investor services platform. Tags: SMB, credit cards, expense management, bookkeeping, controls, security. Source: FT Partners. Latest round: $153 million Series C. Total raised: $177 million. HQ: Hangzhou, China. Source: Crunchbase.

Company 17

Company Fintech San Francisco New York City 17

PYMNTS

JANUARY 26, 2018

percent related to prepaid cards and 2 percent to payday lending. The new movement on the pre-paid card rule followed news last week that the CFPB will also take another look at the payday lending rule put into place during Corday’s final days as executive director. Data like that should, and will, guide our actions.”

Lending 101

Lending Cards Millennials Data 101

PYMNTS

MARCH 19, 2018

According to forecasts from Mercator Advisory Group, $700 billion in small business spend will land on cards by 2022. Issuers might accelerate movement if they give small business owners the same protections afforded to consumers in the CARD Act,” the executive noted. Twenty percent tax breaks may cause some U.S.

Taxes 150

Taxes Survey Analysis Cards 150

Fintech Labs Insights

AUGUST 1, 2016

It leverages 45+ years of franchise operations experience to help retail investors finance franchises, helping to bring them to market quicker. Dynamics offers issuers and their cardholders interactive payment cards and an authorization-based, real-time loyalty processing system.

How To 12

How To Analytics Millennials Data 12