CFPB Monitor

AUGUST 27, 2020

The CFPB has issued a new request for information about the credit card market that seeks comment on two related, but separate, reviews. The RFI includes citations to each of the CARD Act rules and further information about their content.). (The CARD Act Review. Section 610 Review. Debt relief and settlement.

Cards 78

Cards Marketing Compliance Innovation 78

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

AUGUST 6, 2020

are made with cash , for example, and 63 percent of consumers have at least two credit cards. New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before. Only 26 percent of all consumer purchases in the U.S.

Regulation 245

Regulation Payments Innovation Fintech 245

PYMNTS

SEPTEMBER 10, 2019

Financial services and technology company Stripe now has the capability to pay out to 45 countries, and has launched a new corporate card for businesses, the company announced Tuesday (Sept. A company can upload its own logo right to the Stripe Dashboard for an instant virtual card, or get a physical card in a few days.

Cards 158

Cards Regulation Company Payments 158

PYMNTS

DECEMBER 9, 2019

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Apple Updates Wallet App to Reflect iPhone Financing for Apple Card Users.

Regulation 131

Regulation Data Apple Payments 131

PYMNTS

NOVEMBER 24, 2016

Developing markets are quickly increasing their rate at which paycards are accepted, according to the latest research by RBR. The company revealed its “Global Payment Cards Data and Forecasts to 2021” report Wednesday (Nov. 23) with positive news for developing markets. China spearheaded this growth, adding 4.7

Marketing 100

Marketing Cards Regulation Regional 100

American Banker

MAY 29, 2024

The Swedish financial institution argues over potential regulations that treat buy now/pay later lending like credit cards in the U.S.; Discover seeks the next hot market for real-time payments; and more.

Lending 83

Lending Regulation Cards Marketing 83

Insights on Business

APRIL 21, 2017

Quite the contrary, the industry had to adapt to an onslaught of new regulations in the aftermath of the Global Financial Crisis. A decade later, it may have to adapt to the dismantling of those same regulations but remain keyed up for the not-unrealistic possibility of another regulatory assault in a few years.

Technology 156

Technology Compliance Regulation Training 156

Independent Banker

FEBRUARY 28, 2023

Illustration by The Laundry Room/Stocksy Customer data fuels efficient and effective marketing these days. From these actions, community banks receive data on their income, home address, email address, credit card debt, employer and financial products they want to learn more about.

Community Bank 129

Community Bank Community Marketing Data 129

PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. Canada might be viewed as a different market when it comes to financial services.

Regulation 103

Regulation Bitcoin Innovation Study 103

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated.

FDIC 142

FDIC Cards Payments Regulation 142

PYMNTS

DECEMBER 17, 2019

One study determined that roughly one-third of consumers have been victimized by fraud, leading them to contact their financial institutions (FIs) to change login credentials, cancel credit cards and guard against suspicious transactions. The Technology Gap That Fosters Fraudsters. FIs around the globe are also grappling with faster.

Technology 142

Technology Fraud Data Security 142

PYMNTS

SEPTEMBER 17, 2019

The gateway, which was founded in China , will allow users to buy cryptos via credit card, wire transfer and more. Compliance is actually one of the biggest barriers to entry for small businesses in any highly regulated industry,” the company wrote in a blog post.

blockchain 108

blockchain Regulation Groups Bitcoin 108

PYMNTS

JUNE 28, 2019

credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It To acquire the Bank of Ireland’s U.K.

Cards 100

Cards Charlotte Fintech Innovation 100

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. Expertise in fraud and anti-money laundering (AML) must be represented in all new product development and marketing conversations.

Fraud 222

Fraud Training Risk Management Software 222

PYMNTS

NOVEMBER 30, 2020

In today’s top payments news around the world, United Kingdom-based food delivery platform HungryPanda has landed $70 million in funding, while Sweden-based Klarna is launching the live fashion show “Lifestyle” with the help of technology from Bambuser. UK Digital Markets Unit To Tighten, Enforce Big Tech Competition Rules.

Payments 139

Payments Regulation Video Cards 139

PYMNTS

JULY 16, 2018

Employers are increasingly moving away from depositing paychecks into employees’ bank accounts, offering instead to add them to payroll cards. Payroll cards work like debit cards, allowing employees to purchase goods and services or make cash withdrawals from ATMs. These cards offer myriad advantages to both parties, too.

Cards 106

Cards ATM Regulation Resources 106

PYMNTS

NOVEMBER 10, 2020

“Our core products allow our users to take remote and contactless card payments during lockdown situations, and so in a very real way, this [license] will ensure Ireland’s entrepreneurs can keep trading and keep recovering,” Walsh said. The FinTech also has eCurrency licenses in Lithuania and the U.K.

Fintech 245

Fintech Regulation Cards Google 245

PYMNTS

JANUARY 28, 2019

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

Cards 125

Cards New York Oklahoma Connecticut 125

Abrigo

MAY 8, 2024

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Nevertheless, understanding the technology is crucial.

Examples 222

Examples Fraud Resources Risk Management 222

PYMNTS

OCTOBER 11, 2020

The deal will see Paynetics work with corporate customers, who have previously relied on Wirecard for card issuing and payment services, to adopt Paynetics for the continuation of their existing card programs,” the announcement states. and European markets.”. Terms were not disclosed in the announcement.

Operations 264

Operations Cards Software Technology 264

PYMNTS

MAY 17, 2017

Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. They are also in flux thanks to regulation.

Cards 108

Cards Analysis Data Compliance 108

PYMNTS

APRIL 4, 2018

For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all. Who Petal Serves.

Cards 133

Cards Regulation Groups Branding 133

PYMNTS

SEPTEMBER 15, 2020

Having multiple providers ensures merchants can still access funds from their card transactions even if one bank provider stops operating in a certain industry or currency, for example. A Single Digital EU Market. I’m really hopeful that one day I will see a single digital market in the EU,” said Metodieva.

Payments 299

Payments Risk Management Management Compliance 299

Bussman Advisory

OCTOBER 7, 2023

Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This decline was exacerbated when UK regulators denied its request to modify capital requirements calculations for its residential mortgages. Tokenizing funds can enhance liquidity and market access.

Metro 52

Metro blockchain Cards Samsung 52

PYMNTS

AUGUST 3, 2018

These legislative initiatives are why Latin America, a market not necessarily known for its FinTech innovation, has one of the strongest penetrations of eInvoicing in the world. The fact that there are no regulations that require them to do so means it pushes eInvoicing lower on the to-do list,” King told PYMNTS in a recent interview.

Regulation 101

Regulation Data America Payments 101

Abrigo

APRIL 18, 2022

Takeaway 3 As global interest in digital assets continues to rise, expect to see more regulation and even centralization of digital currency. However, today it is still a relatively new market that does not have mainstream usage within the United States. The industry's most significant market increase was between 2016 and 2018.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

JULY 24, 2019

The division will also look at new way to use technology to address financial exclusion; identify and protect consumer data rights; and encourage innovations so that the state maintains its presence as a financial innovation hub. And the New York Times has revealed that it is planning to use blockchain technology to fight fake news.

Regulation 108

Regulation Bitcoin New York Online 108

PYMNTS

JULY 25, 2019

Banks need to keep this requirement top of mind as they compete against other FIs in newer markets, however. It is thus imperative that those seeking to expand into new markets adjust their fraud protection strategies to better fit local customer needs. Bringing a global fraud approach to a new local market. operations.

Fraud 164

Fraud Marketing US Resources 164

PYMNTS

JULY 22, 2020

CEO Stefan Pajkovic founded the company to help emerging FinTechs find their way through the industry’s regulations and licensing requirements. TradeCore’s aim is to handle and accelerate the back-end processes and technological integrations, such as regulation compliance, so the emerging FinTech can focus on growing its business.

Fintech 130

Fintech Compliance Regulation cryptocurrency 130

PYMNTS

NOVEMBER 12, 2019

Meanwhile, Amazon is opening its first branded grocery store , and there are questions about discrimination and the Apple Card. Amazon said the new store will be different from Whole Foods, and it won’t use Amazon’s cashierless Go technology in favor of traditional checkout methods. Former U.S.

Apple 101

Apple Cards Tools Branding 101

Abrigo

JULY 22, 2022

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. A new and unpredictable market. You might also like this whitepaper, "Understanding Cryptocurrency." DOWNLOAD WHITEPAPER. Crypto turbulence.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

APRIL 12, 2017

payments technology firm VocaLink has received approval from regulators, with the deal expected to close in the coming weeks. There’s no question that the global opportunity is there — of the world’s top 50 markets, ACH payments represent 50 percent of the transactions made by consumers, businesses and governments. In the U.S.

Regulation 102

Regulation Technology Payments Marketing 102

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations. where regulators have been workshopping potential rules for several years. Seventy percent of U.S.

Regulation 188

Regulation Regional Data United States 188

Tomorrow's Transactions

NOVEMBER 10, 2014

The biggest factor shaping the strategic plans of players in the European payments sector is regulation and right now understanding the impact of new regulation is far more important than understanding the impact of new technology. Mike noted the range of options for both making and accepting payments goes beyond mobile phones.

Regulation 59

Regulation Strategy Technology Cards 59

PYMNTS

OCTOBER 20, 2016

On Wednesday, November 2nd at 1:00 PM (EST) join ecommerce advisors James Rendell, CA Technologies ; Paul Baker, Mastercard ; and Karen Webster, Market Platform Dynamics for a live digital discussion surrounding 3D Secure 2.0. Vice President, Product Management, Payment Security at CA Technologies. CEO, Market Platform Dynamics.

Security 100

Security CA Cards Strategy 100

PYMNTS

SEPTEMBER 2, 2020

The Montreal-based payment technology company was valued at $2 billion at the close of 2019. and RBC Capital Markets. Last month, Bloomberg News reported if Nuvei’s application to go public gets the green light from regulators, it could be the largest Canadian technology IPO of 2020. Nuvei Corp.

Payments 229

Payments Fintech Security Technology 229