PYMNTS

OCTOBER 19, 2018

18) that showed increases in card member spending and a boost in lending activity. The company said in its release that total card member spending was up 8 percent, and 10 percent when adjusted for FX. CFO Jeff Campbell said on the call that in “our small and mid-sized enterprise card members or SMEs, U.S.

Cards 109

Cards Report United States Lending 109

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

APRIL 18, 2019

Card spending was up 4 percent as billed business, at $295.7 billion, and got a boost from the United States, up 7 percent to $195.5 Supplemental earnings materials from the company reveal that total cards in force were 113.9 Supplemental earnings materials from the company reveal that total cards in force were 113.9

United States 109

United States Cards Lending Company 109

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.

Cards 109

Cards United States Regulation Taxes 109

PYMNTS

JUNE 13, 2018

Barclays announced that it has appointed Shane Holdaway as the company’s CEO of its cards and payments division in the U.S. For the past five years, Holdaway was the president of Capital One’s Canadian division, and played a leading role in the company becoming the exclusive credit card issuer for Costco Wholesale Canada.

Capital 100

Capital Cards Delaware Payments 100

PYMNTS

AUGUST 11, 2020

And as reported in the Financial Times , banks that are relatively more dependent on lending activities to keep operations afloat are facing challenges that have not been seen since the financial crisis and recession of more than a decade ago.

United States 217

United States Survey Maine Course 217

PYMNTS

MAY 31, 2019

As has been reported, Global Payments is the third largest merchant acquirer in the United States, while TSYS is the third largest card processor in the country. PayPal Hits $10B SMB Lending Milestone. Citi Said ‘Thanks, But No Thanks’ To The Apple Card. Visa CEO Throws Shade On Real-Time Payments.

Lending 122

Lending Payments Apple social media 122

BankInovation

JULY 14, 2020

Afterpay is heading into brick-and-mortar stores in the United States. The Australian point-of-sale lending company, which launched online in the U.S. The Afterpay card — and what we’re bringing to the market — is a virtual, contactless Visa card that is stored either in customers’ Apple […].

United States 64

United States US Retail Apple 64

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses.

Fraud 195

Fraud Trends Cards Software 195

CFPB Monitor

AUGUST 9, 2018

3334 captioned “ The Military Lending Improvement Act of 2018” in the United States Senate to “expand and improve” credit protections afforded to service members by the Military Lending Act (MLA) and the Fair Debt Collection Practices Act (FDCPA). On August 1, 2018, Sen. Bill Nelson (D-Florida) introduced S.

Lending 84

Lending United States Florida Data 84

PYMNTS

SEPTEMBER 29, 2020

SMBs may be further hamstrung by traditional lending activities, said Shoihet, as borrowers are typically required to have an operational track record spanning at least a few years, and provide evidence of reasonably healthy balance sheets. The company is also evaluating secured credit card concepts, too, as an adjacent ancillary offering.

United States 286

United States Regional America Trends 286

PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. Wells Fargo CEO Reorganizes Business Units.

Retail 141

Retail Cards Millennials Fraud 141

FICO

MAY 10, 2018

Alliant Credit Union , one of the largest credit unions in the United States, has transformed its consumer lending business and is exceeding its lending goals since implementing FICO technology solutions in 2016. Credit card applications can now close in less than half an hour, and auto loans can be funded the same day.

Lending 61

Lending United States System Cards 61

PYMNTS

DECEMBER 7, 2018

In the United States, consumer debt gained at its headiest pace in October, as noted by Bloomberg, and is showing an increased appetite, of course, for borrowings. The data, released by the Federal Reserve, showed , too, that credit card and other revolving debt gained by rates not seen in 11 months. billion in September.

United States 129

United States Lending Cards Course 129

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Only 3 percent of them, however, have their credit cards with those community banks. Think small, goes the saying, to effect big change.

Community Bank 118

Community Bank Community Cards United States 118

PYMNTS

SEPTEMBER 20, 2018

Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Swimming against that tide is China-based P2P lending provider X Financial. X Financial offerings include a balance-transfer credit card product and an unsecured, high-credit-limit loan product. They want more credit,” he said.

US 166

US Lending New York Cards 166

PYMNTS

JULY 2, 2020

Small- to medium-sized businesses (SMBs) in particular are struggling against the loss of revenue, something that has already led more than 100,000 SMBs within the United States to permanently close down. Other player s are making moves in the SMB lending space to create a more digital lending process, including eCommerce firm Amazon.

Lending 198

Lending social media Industry United States 198

PYMNTS

MARCH 24, 2020

The payment platform currently handles a few different kinds of bank cards. Those include SPDB’s and Guangfa Bank’s credit cards in addition to Minsheng Bank’s, SPDB’s and Guangfa Bank’s savings cards. In large markets such as China, the United States and India, mobile payment is very popular.

Mobile 108

Mobile Payments United States Cards 108

MyBankTracker

OCTOBER 27, 2020

When picking a credit card, it’s tough to resist the allure of big rewards. In a year-long MyBankTracker survey, nearly 3 out of 4 respondents (72.6%) preferred to receive cash back rewards on their credit card purchases. of respondents had specific spending categories in mind for their next credit card while 47.3%

Study 52

Study Cards Survey United States 52

Gonzobanker

MAY 9, 2017

Is automation a missing link to a more productive and profitable commercial lending department? The 2015 Cornerstone Performance Report found significant reductions among mid-size banks in both monthly loans originated and outstandings per commercial lending full-time equivalent employee. – Reduced overhead and cost per loan.

Lending 86

Lending Analytics Data United States 86

PYMNTS

MARCH 28, 2019

The demand is there: According to the latest edition of the PYMNTS Disbursements Tracker , 75 percent of consumers expressed a preference for faster payments, and 84 percent of those consumers reported debit cards as their preferred way of receiving those funds. Visa Direct is the card network’s instant push payments platform.

United States 219

United States Cards Payments America 219

Bank Innovation

MARCH 7, 2018

In 2017, in the United States, overall VC funding -- a barometer of startup activity and appeal.Read More. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

San Francisco 236

San Francisco Fintech United States Marketing 236

PYMNTS

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. Consumers who do not qualify for credit cards or become reluctant to use those tools may see BNPL plans as a convenient alternative method for deferring payments.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

DECEMBER 12, 2019

In the lawsuit, filed in in the United States District Court for the District of Columbia, PayPal said the CFPB rule that requires disclosure for digital wallets and prepaid debit cards places “unreasonable restrictions” on consumers’ abilities to link certain credit products to PayPal accounts.

District of Columbia 138

District of Columbia Cards Regulation United States 138

PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. Revolut was launched in 2015 by issuing prepaid debit cards that let customers conduct transactions in multiple currencies without incurring additional fees. The company recently expanded into the United States.

United States 140

United States Leadership Risk Management California 140

Perficient

NOVEMBER 22, 2022

The reduced interest rate applies to credit card debts, car loans, business obligations, student loans and other debts, as well as fees, service charges, and renewal fees. As the Federal Reserve increases rates, the impact and significance of this interest rate ceiling to servicemembers will rise along with it.

National 275

National United States America Lending 275

PYMNTS

APRIL 12, 2019

Fresh off headlines tied to JPMorgan CEO Jamie Dimon’s appearance on Capitol Hill and a shareholder letter that pointed toward resilient economic fundamentals in the United States and the promise of digital banking, the bank posted first-quarter results that topped expectations. The company’s card sales volume in the quarter was $172.5

Mobile 108

Mobile United States Cards Community Bank 108

PYMNTS

AUGUST 10, 2020

Most United States consumers and microbusinesses that receive disbursements — known as “payees” — do not have immediate access to their funds, however. In fact, just 13 percent of the latter and 8 percent of the former say they receive their funds through instant payments to debit cards, credit cards, prepaid cards or digital wallets.

Millennials 222

Millennials Data United States Report 222

PYMNTS

MAY 23, 2016

Consumer lending platform Avant is giving pink slips to 60 employees, or about 7 percent of its workforce. The downturn is leading the online lender to walk away from previously held plans to expand beyond consumer loans to credit cards and also refinancing of auto loans.

Online 109

Online Lending United States Chicago 109

FICO

MAY 19, 2023

When Prosper was developing the Prosper® Card to help serve more consumers, including the near-prime population, a tool was needed to mitigate credit risk. Prosper used FICO® Scores and FICO's historical US consumer performance bands to build a comprehensive unit economic model.

United States 52

United States Lending social media Tools 52

PYMNTS

JUNE 24, 2016

Walmart, however, is the most visited retailer in the United States with 140 million shoppers per week stepping inside its stores – and with the vast majority of them with smartphones in tow. Online lending . Costco Card. The Costco Card has generated a lot of buzz. A pretty clear-cut sizzle. The fizzle wears on.

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

AUGUST 12, 2016

Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone.

Lending 100

Lending Apple Cards Study 100

PYMNTS

APRIL 15, 2019

Beyond the fact that those CEOs said systemic risk is not yet in the cards, the septet also said these alternative lenders bear watching, lest the growing nonbank sector eventually give cause for alarm. In the United States, there’s a bit of concentration here, as 29 percent of shadow banking is tied to the country, at $15 trillion in assets.

Lending 175

Lending United States Survey System 175

PYMNTS

JULY 14, 2017

As Bloomberg noted , Wells remains the largest car lender in the United States. Credit cards and active accounts grew two percent annually, to 7.7 He later told analysts in the post-release earnings call that the firm continues “ to make progress on rebuilding trust, which is our top priority.”. million active accounts.

Cards 108

Cards Report United States Mobile 108

Abrigo

AUGUST 19, 2020

As stated by the Federal Financial Institutions Examination Council (FFIEC), monitoring and reporting are critical to the United States’ ability to combat terrorism, terrorist financing, money laundering, and other financial crimes, such as fraud. Lending & Credit Risk. Member Business Lending. SBA Lending.

Fraud 195

Fraud System Trends Software 195

PYMNTS

MARCH 23, 2020

The coronavirus pandemic is causing tremendous hardship across the United States and around the world … While great uncertainty remains, it has become clear that our economy will face severe disruptions. “The Federal Reserve is committed to using its full range of tools to support households, businesses and the U.S.

Maine 131

Maine United States Lending Security 131

PYMNTS

OCTOBER 28, 2019

Consumers want affordable ways to make purchases without taking on additional credit card debt,” said Brendan Coughlin, president of consumer deposits and lending at Citizens Bank. Headquartered in Rhode Island, Citizens Bank is one of the largest and oldest financial institutions in the United States, according to its website.

Rhode Island 101

Rhode Island United States Online Retail 101