Bank Innovation

SEPTEMBER 25, 2018

Based in New York, Debitize helps consumers manage their credit cards and bills and thus avoid fees while building credit. Debitize, a graduate from Bank Innovation's sister accelerator INV Fintech, announced today it has acquired rival Debx for an undisclosed amount.

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Bank Innovation

SEPTEMBER 7, 2016

Artificial intelligence is set to challenge traditional technologies in financial services, if the startups that demoed at BBVA Open Talent in New York today are any indication. The BBVA Open Talent Challenge is part of Next Money NYC. Today’s event is one of three regional finals, from which a few Read More.

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New York Regional Technology Operations 150

PYMNTS

NOVEMBER 2, 2017

New York City commuters – arguably the most on-the-go demographic in the United States – do not want to wait for anything. ” It’s an inefficiency that the New York Metropolitan Transportation Authority (MTA) has not only acknowledged, but committed to doing something about. Building A Better Future For Transport.

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PYMNTS

JANUARY 27, 2021

But keeping track of it all can be a challenge — especially knowing what card is being charged, by whom, and when. Knowing which card pays which subscription, let alone canceling them, can be a pain point. Founded in 2016 in Gothenburg, Sweden, Minna enables customers to manage subscription services via their bank’s app.

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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.

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PYMNTS

MAY 31, 2019

The chief operating officer of Goldman Sachs said the bank is working on a digital money management tool in an attempt to attract more customers from Main Street, according to a report by Reuters. “We Management is targeting growth in the U.S. We estimate there are over $4 trillion consumer deposits in the U.S.

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PYMNTS

FEBRUARY 23, 2017

A board of appeals in New York state has revoked earlier regulations surrounding payroll cards developed by the New York State Labor Department after determining that the NYSDOL exceeded its rulemaking authority under the New York State Commissioner. Reports in the National Law Review Tuesday (Feb.

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PYMNTS

FEBRUARY 13, 2020

The increasing number of businesses using cards over cash could prompt some companies in the U.K. Contactless transactions using commercial credit cards surged nearly a fifth higher in 2019 than they had been prior, according to the U.K. Tom Wood, head of global liquidity and cash management at HSBC U.K.,

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FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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Cards US Data Fraud 98

PYMNTS

APRIL 28, 2020

Richard Weber has been named to the position of general counsel at the New York State Department of Financial Services (DFS), according to an announcement from Superintendent of Financial Services Linda A. Rich brings unquestioned integrity, legal acumen, and management experience to DFS,” Lacewell said in the announcement.

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Bitcoin Cards New York Fraud 168

FICO

JUNE 27, 2022

FICO® Resilience Index Can Improve Card Account Management. The New York Fed’s new report provides insight that credit card balances increased by $52 billion in the fourth quarter of 2021 and are only $71 billion off of pre-pandemic highs. Brendan lives in Albuquerque, New Mexico and holds B.S.

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Management Cards New Mexico Albuquerque 52

PYMNTS

MARCH 30, 2020

DailyPay, the New York-based provider of software that allows employees to access their pay without waiting for their next pay period, saw a 400 percent rise in use between March 14 and March 17 as workers rushed to access their money to stock up before shelter-in-place rules took effect, the news outlet said.

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CB Insights

SEPTEMBER 7, 2021

Jeeves , an expense management platform for startups, has raised $57M in a Series B. The round drew participation from CRV, Silicon Valley Bank, Soros Fund Management, and Tencent Holdings, among others. New York-based Jeeves provides banking-as-a-service to startups. HOW’S THE COMPANY PERFORMING?

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Management Cards New York Operations 48

PYMNTS

NOVEMBER 11, 2019

Apple Co-founder Steve Wozniak said Apple gave him a credit limit 10 times higher than they gave his wife after they both applied for an Apple Card, which is a credit card the tech giant recently released with the help of Goldman Sachs, according to a report by CNN. Apple launched the Apple Card in August.

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PYMNTS

MAY 14, 2019

Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. New York-based growth fund Stripes led the funding round, and Founders, Creandum and Kinnevik also participated.

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PYMNTS

MAY 22, 2018

Chase announced news on Tuesday (May 22) that it is launching Ink Business Unlimited, a new credit card geared toward small business owners that gives them unlimited 1.5 The credit card has no annual fees and no minimum balance to redeem rewards. With the new credit card, Chase said its Ink portfolio is rounded out.

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Cards New York National Tools 122

American Banker

JULY 14, 2023

The New York megabank benefited duing the second quarter from strong revenue growth in its giant credit card business, which helped overcome headwinds in wealth management and investment banking. But executives indicated that the script could soon flip.

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New York Cards Management 69

PYMNTS

FEBRUARY 27, 2020

credit card debt hit an all-time high of $930 billion, higher than the previous peak hit just ahead of the financial crisis of 2008. That data comes from the Federal Reserve Bank of New York, and was released on Feb. The question, he said, isn’t about absolute debt levels, but about cash flow and lifestyle management.

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American Banker

OCTOBER 27, 2023

Umpqua Bank introduces retail banking in Utah, Kansas City CUSO partners with New York gift-card firm, Huntington Bank looks within for new chief DEI officer and more in the weekly banking news roundup.

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PYMNTS

SEPTEMBER 24, 2019

Credit cards can partially solve this problem, but issuing them to a legion of supervisors, subcontractors and workers presents another set of issues, including fees. This is why solar installation company Borrego Solar Systems is managing expenses with payment cards instead. It’s either use the card or it doesn’t happen.”.

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Cards Payments System Management 100

PYMNTS

OCTOBER 3, 2019

The state of New York is taking a closer look at the payroll technology industry amid the fallout from the collapse and scandal of MyPayrollHR , The Wall Street Journal reported Thursday (Oct. New York Gov. One of the largest payroll companies, ADP Payroll Services , is currently licensed in New York with DFS.

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New York Company Industry Operations 116

PYMNTS

OCTOBER 3, 2019

The state of New York is taking a closer look at the payroll technology industry amid the fallout from the collapse and scandal of MyPayrollHR , The Wall Street Journal reported Thursday (Oct. New York Gov. One of the largest payroll companies, ADP Payroll Services , is currently licensed in New York with DFS.

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New York Company Industry Operations 115

PYMNTS

MAY 26, 2017

American Express has rolled out a new small business credit card as part of an ongoing effort for the company to step back from its reputation as an elite-only credit card company. American Express OPEN said Thursday (May 25) that it has launched the Blue Business Plus Credit Card developed for entrepreneurs.

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Cards New York Millennials Analysis 101

CB Insights

AUGUST 26, 2021

Ramp , a corporate expense management platform, has raised $300M in a Series C with participation from Founders Fund, Redpoint Ventures, Thrive Capital, D1 Capital Partners, and Coatue Management, among others. HOW’S THE COMPANY PERFORMING? Want the full post? Become a CB Insights customer.

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Company Cards New York Capital 68

PYMNTS

OCTOBER 1, 2020

The Small Business Digital Readiness Diagnostic tool is intended to expand the New York-based global financial services company’s Digital Doors curriculum, which promises to ensure businesses have the right devices to maximize their digital presence. “In

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Tools Cards Guidelines Online 262

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Marqeta Introduces Tokenization-as-a-Service For Card Issuers.

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Marketing New York Cards Conference 130

CB Insights

FEBRUARY 9, 2022

Ramp , a provider of corporate credit cards, has raised $200M in a Series D round that drew participation from Founders Fund. New York-based Ramp offers credit cards to SMBs, and it also provides expense management, bill payment, accounting, and reporting services. How’s the company performing?

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PYMNTS

SEPTEMBER 30, 2016

Weeks after New York state introduced new legislation aimed at protecting employees from excessive fees while using their payroll cards, a neighboring state is gearing up for its own laws targeted at the tool. 28) said Connecticut is preparing for a new statute to legalize payroll cards.

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Connecticut Cards ATM New York 100

PYMNTS

JULY 18, 2017

Rivals Visa and PayPal have shaken hands over a joint plan to issue debit cards in Europe. The truce stands to benefit merchants most of all, as it will expand their ability to use their PayPal funds to support business expenses and unlock new possibilities at the point of sale. customers already have access to PayPal debit cards.

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Cards Retail New York Innovation 125

PYMNTS

JULY 16, 2020

Visa and Cubic have already launched contactless systems in cities around the world, including London, Miami, New York, Sydney and Vancouver. A customer taps their contactless card or contactless-enabled mobile phone at the terminal, and then they are ready to ride, the release states.

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PYMNTS

JANUARY 20, 2017

The environment for the adoption of prepaid cards in a payroll setting is a mixed one. Loading salaries onto cards and giving those cards to employees can cut down on the costs of working with manually creating and printing (and sometimes mailing) checks.

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Cards New York Millennials ATM 100

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” The vast majority of the nearly 370 billion payment card transactions made globally each year are scanned by sophisticated software designed to detect fraud, in less time than a blink of the eye.

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CB Insights

APRIL 9, 2021

Ramp , which helps businesses track and manage their expenses, has raised a $115M Series B in two tranches. New York-based Ramp is a corporate card provider and helps companies track and manage their expenses through a spend management platform. How’s the company performing? Want the full post?

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Cards New York Capital Management 54

PYMNTS

SEPTEMBER 17, 2020

Mastercard said the new program would, among other things, expand city programs that aid Black communities in such cities as Atlanta, Birmingham, Los Angeles, New Orleans, New York, St. Louis and Dayton, Ohio.

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PYMNTS

JUNE 12, 2019

Enterprise spend management company Ivalua is launching its solution designed for the public sector as criticism mounts over the firm’s contract with New York City. The suite includes a public portal of catalogs, as well as FOIA and bid protest management tools.

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PYMNTS

JUNE 10, 2019

The company has reportedly been hiring numerous product managers and engineers. Its new FinTech team could ultimately have more than 100 workers. Uber is taking advantage of New York’s talent pool in the financial department, which has more depth in the San Francisco sector.

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FICO

NOVEMBER 1, 2016

Some policy leaders, like those in New York, are not deferring to the federal government to take the lead. On September 13, the New York Department of Financial Services (NYDFS) proposed first-of-its-kind cybersecurity rules covering a wide range of banks, insurers and financial services companies under its jurisdiction.

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