PYMNTS

OCTOBER 8, 2020

Berlin's Mambu is partnering with New Zealand digital lending platform Ranqx , which will use Mambu's API-first digital banking platform to provide digital lending experiences, loan origination, decisioning and monitoring for small- to medium-sized businesses (SMBs), according to a press release.

Lending 141

Lending Customer Experience Digital Banking Innovation 141

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.

Lending 91

Lending Community Bank Community Illinois 91

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208

Cards New York Capital Compliance 208

Bank Innovation

JANUARY 15, 2020

Despite advances in banking and personal finance technology, paying credit card bills in a simple, time-efficient way is still a pain point for many consumers. households revolved credit card debt from month to month last year. According to recent research, 37% of U.S.

Cards 273

Cards Payments Technology Lending 273

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

PYMNTS

JANUARY 8, 2020

There is more than one way to drive commercial card innovation. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. One of the largest stories for the commercial card industry is the recent complaint filed by the U.S. Uber Jumps Into Biz Card Rewards.

Cards 131

Cards Lending Data Georgia 131

PYMNTS

DECEMBER 12, 2018

Cryptocurrency-backed lending platform Cred is opening up its technology to third-party developers, the company has announced. 11), Cred revealed the rollout of its developer platform CredX (not to be confused with the new credit card accounts payable solution recently launched by Finexio ). In a press release on Tuesday (Dec.

Lending 139

Lending blockchain cryptocurrency Bitcoin 139

PYMNTS

JANUARY 14, 2021

Silicon Valley credit card startup X1 raised $12 million in a funding round led by Spark Capital, a backer of Twitter, Plaid, Slack and Affirm. 14) press release that the company has received a positive response to the credit card’s debut, with almost 300,000 users signing up for the waiting list. Consumer borrowing dropped 19.6

Capital 143

Capital Cards Lending Branding 143

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

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. Together, we can make it easier for banks to reimagine lending and embrace innovation faster.”. In a press release issued Tuesday (Oct.

Lending 104

Lending Analysis Innovation Policies 104

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.

Lending 116

Lending Industry Payments Cards 116

Bank Innovation

JULY 12, 2016

Scandals aside, Lending Club has been doing well in the area that mattered — borrowers were paying back their loans. But a new report from the Wall Street Journal indicates that chargeoff rates at Lending Club are up 38% since 2013. This is troubling because credit card default rates decreased over the Read More.

Lending 150

Lending Cards Report Online 150

PYMNTS

JANUARY 27, 2020

In the wake of the financial crisis, banks’ pullback from small- to medium-sized business (SMB) lending yielded a flood of technology-driven players stepping in to fill the SMB credit gap. But addressing SMB lending friction isn’t just about connecting borrowers and lenders at the moment an SMB needs capital, he said.

Lending 157

Lending Online Capital Data 157

PYMNTS

AUGUST 9, 2019

With its new credit card in conjunction with Apple, Goldman Sachs is reportedly approving some borrowers who are subprime for the offering. The bank is accepting applications for the Apple Card from some users who have credit scores that are not stellar, CNBC noted in a report that cited unnamed sources.

Apple 156

Apple Cards User Experience Report 156

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!

Cards 78

Cards Tools ATM Management 78

PYMNTS

MARCH 7, 2019

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. How PSD2 is Changing Lending in the U.K. and how third-party players are coping with it.

Lending 198

Lending Regulation Regional Data 198

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Tech companies trying to support a bank stack have no easy task.

Technology 135

Technology Regional Community Bank Community 135

PYMNTS

APRIL 30, 2020

Cloud banking platform Mambu will help business banking platform Tide expand its services , including innovations in releasing larger overdrafts, credit cards and invoice financing, according to a press release from Mambu. Tide especially wants to use the partnership to focus on bolstering small and medium-sided businesses (SMBs) in the U.K.

Cards 141

Cards Comparison Lending Tools 141

PYMNTS

OCTOBER 9, 2019

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. prime lending rate, which banks charge to their best credit customers, is now at almost its lowest point ever due to Federal Reserve monetary policy. Bloomberg is reporting that the U.S. million in Q2.

Cards 152

Cards Kansas City Kansas Lending 152

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Mortgages and Credit Cards and Student Debt…. Mortgages ?

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

JANUARY 16, 2020

Prepaid corporate card solution provider Soldo is teaming up with NatWest to connect joint business customers to small business loan solutions. 16) in Verdict.co.uk , Soldo’s business users will gain access to small business lending services from NatWest, including the financial institution’s Esme Loans and Rapid Cash services.

Cards 131

Cards Innovation Lending Strategy 131

PYMNTS

AUGUST 2, 2018

This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”. P2P Payments To Power Loans.

Lending 138

Lending Tools Technology Millennials 138

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

Perficient

SEPTEMBER 29, 2022

This blog marks Part 1 of our Embedded Finance Blog Series and will introduce the overarching concept of embedded finance, setting us up to discuss embedded payments, embedded lending, and embedded insurance (all of which fall under the embedded finance umbrella) in future blogs. The Technology Behind Embedded Finance . Use Cases .

Customer Experience 294

Customer Experience Software Cards Data 294

Payments Source

JANUARY 10, 2020

credit card lender NewDay, which issues co-branded cards for Amazon, Laura Ashley and Topshop, is expanding its technology offerings by acquiring installment lending platform Deko.

Lending 76

Lending Cards Branding Technology 76

PYMNTS

SEPTEMBER 11, 2017

Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails. Research from NACHA found accounts receivable professionals expect cards to account for 12.5 But virtual cards, Conduah explained, can help address some of these issues.

Cards 165

Cards Payments Software Fraud 165

PYMNTS

FEBRUARY 21, 2020

The Open Banking API technology puts accounts directly into a range of platforms for accounting, payroll and more so tasks can be handled at the same time. . Commercial Cards and Payments — and before working at Amex, Duseja held a position at Accenture. The many thousands of U.K. Cashplus also applied for a full U.K.

Cards 160

Cards Payments Google Tools 160

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. million round for India-based small business lending platform Aye Finance, the company recently revealed.

Capital 288

Capital Lending Cards United States 288

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.

Lending 134

Lending Fintech Guidelines Meeting 134

PYMNTS

OCTOBER 13, 2017

American Express is expanding its small business lending services. Business Loans will be offered to select existing users of the American Express OPEN Card. The company said Thursday (Oct. 12) it is rolling out a new suite of small business financing products.

Lending 108

Lending Capital Cards Software 108

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.

Cards 101

Cards Innovation Tools Study 101

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. for General Motor's Credit Card Business. Goldman Sachs will buy General Motors’ credit card business for approximately $2.5 European Central Bank Outlines Use Cases for Digital Euro.

Cards 193

Cards Payments Atlanta Google 193

PYMNTS

MAY 25, 2018

But some borrowers have now become burdened with debt after taking out high-interest rate loans from lenders that use the same technology — a problem that has come to the attention of the Kenyan government, Reuters reported. “We Suri told the paper the kiosks act as debit cards.

Regulation 101

Regulation Lending Mobile Course 101

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.

Fintech 277

Fintech Cards Technology Samsung 277

Bank Innovation

MARCH 21, 2018

Startup Affirm is embedding its technology into the Apple ecosystem, allowing customers to load the company’s virtual card into Apple Pay, the startup announced today. The integration will also allow customers to use “Affirm InStore” to finance purchases at physical merchant locations, Affirm said.

Apple 199

Apple Cards Technology Lending 199

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. Conclusion .

blockchain 275

blockchain Software Customer Experience Strategy 275

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. Technology has come a long way since then.

San Francisco 275

San Francisco Cards Online Payments 275