Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. But the fintech market has rebounded. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck.

San Francisco 236

San Francisco Fintech United States Marketing 236

PYMNTS

NOVEMBER 5, 2020

billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. In theory, the system could eventually allow consumers to bypass credit cards and transfer money directly from their bank accounts to a merchant’s account. 5) to block its planned $5.3

US 343

US San Francisco United States Policies 343

PYMNTS

JANUARY 31, 2021

Roger was founded by two Danes and has offices in Copenhagen and San Francisco. Ron Clarke, chairman and CEO of FLEETCOR, said in the release: “This acquisition provides us with a modern, cloud-based bill payment platform that will immediately open up cross-sell opportunities into our global SMB fuel card base.

San Francisco 213

San Francisco Atlanta America Cards 213

PYMNTS

SEPTEMBER 14, 2018

Cashierless stores aren’t just for mega retailers like Amazon to sell prepared food from their kitchens or products from other producers: Beverage brands, among other companies, are getting into the action and choosing this checkout experience for stores that showcase their own products IRL (“in real life”) as a marketing tool.

Branding 139

Branding Marketing San Francisco Seattle 139

PYMNTS

MARCH 6, 2020

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The opportunity is large in the sector, as digital banks represent only about 3 percent of the overall market.

Millennials 251

Millennials Digital Banking San Francisco Capital 251

Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

San Francisco 186

San Francisco Fintech Innovation Security 186

PYMNTS

JUNE 16, 2020

The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. . Users who have a Branch Card can update their app settings to add their debit cards onto their mobile wallets.

Digital Banking 199

Digital Banking Mobile Los Angeles San Francisco 199

PYMNTS

FEBRUARY 11, 2020

Customers can then pay invoices immediately with a credit or debit card. Square is headquartered in San Francisco, California and was founded in 2009 by Jim McKelvey and Jack Dorsey. Small and medium-sized businesses (SMBs) using Xero can email invoices with the built-in Square payment functionality. and Ireland.

San Francisco 207

San Francisco Payments New York California 207

PYMNTS

MAY 14, 2020

Uber Eats has over 100,000 restaurants on its platform, amounting to roughly 20 percent of the market. Grubhub, with about 300,000 eateries, has about 30 percent of the market. Similar caps were also instituted in San Francisco, Seattle, Washington, D.C., and Jersey City, according to a CNBC report.

San Francisco 200

San Francisco New York City New York Massachusetts 200

PYMNTS

JUNE 5, 2019

Entrepreneur and Farmgirl Flowers Founder Christina Stembel, upon moving to San Francisco and being bitten by the “founders bug” that seems to affect so many in that city, didn’t just want to take on the best-known incumbents in the business – she wanted to do it with a sustainable, high-growth and completely bootstrapped operation.

San Francisco 134

San Francisco Training Video Cards 134

PYMNTS

AUGUST 22, 2019

Once it is downloaded, people can apply for an account and a Visa debit card. N26 plans to publicize the launch with an ad campaign on buses, taxis and trains throughout San Francisco, Chicago and New York. We give users a banking app and Visa debit card that matches their lifestyles,” says Nicolas Kopp, US CEO, N26 Inc.

US 157

US San Francisco United States Chicago 157

PYMNTS

NOVEMBER 24, 2020

As digital payments proliferate globally, the Indian market continues to represent one of the most exciting opportunities that we see in the world,” Apis Co-Founder and Managing Partner Udayan Goyal said in the press release. Cashfree is a “2017 alumnus of Y Combinator,” the San Francisco-based startup incubator, according to the release.

San Francisco 166

San Francisco Payments Leadership Cards 166

PYMNTS

JUNE 14, 2020

Square , the San Francisco-based ePayment company, recently started holding 30 percent for every transaction for four months “to protect you and Square from unexpected loss events,” according to WSJ. Now, the Tacoma, Washington, portrait studio is facing another challenge. Hudson told WSJ she plans to drop the company.

San Francisco 221

San Francisco Boston Washington Software 221

PYMNTS

MARCH 5, 2019

Meal kit service Munchery has filed for bankruptcy and still owes $3 million in unfulfilled customer gift cards and another $3 million to its vendors and suppliers. Munchery had said it was planning to focus on its largest market, San Francisco, in an effort to become profitable, but that never happened. “The

San Francisco 117

San Francisco Los Angeles Capital Seattle 117

PYMNTS

AUGUST 12, 2020

Separately, in 2018, well before the pandemic, PYMNTS’ Financial Invisibles report found that 12 percent of a sample of consumers used payday loans and did not have credit cards. This is the latest feature Square has added to Cash App’s features beyond peer-to-peer money transfer, joining its free debit card, rewards and investing offerings.

San Francisco 176

San Francisco Survey Cards Report 176

PYMNTS

AUGUST 22, 2019

To differentiate his eCommerce site from the many other sock sellers, Williams came up with the idea of introducing a vending machine for socks – otherwise known as an automated retail unit – at the Westfield San Francisco Centre shopping mall. It sits at the Powell/Market Street Bart entrance of the mall’s concourse level.

Retail 140

Retail San Francisco Austin Samsung 140

PYMNTS

DECEMBER 12, 2019

San Francisco FinTech Brex announced a $200 million debt capital raise from Credit Suisse that will be used to expand its eCommerce business and credit offerings to new companies, Brex announced in a press release on Thursday (Dec. Brex deals in business-to-business (B2B) payments with corporate cards tailored to specific industries.

Fintech 131

Fintech San Francisco Capital Software 131

PYMNTS

NOVEMBER 9, 2016

The conduit between the two is San Francisco-based startup Ripple, which is known for enterprise cross-border applications. But banks aside, credit cards may have no choice but to get into the blockchain game. However, Lewis Cohen of Hogan Lovells said the the credit card industry is a natural fit for blockchain technology.

New York 175

New York blockchain Fraud Cards 175

PYMNTS

APRIL 23, 2020

Stripe , the San Francisco digital payment platform popular with Shopify, Instacart and other major online retailers, announced major updates to its software on Thursday (April 23) that will connect users directly with Mastercard, Visa and the world’s other top credit card networks. billion this year.

San Francisco 131

San Francisco Payments Cards Fraud 131

PYMNTS

SEPTEMBER 2, 2020

The San Francisco-based financial services company, developer of Cash App , the mobile payment platform that allows users to transfer money, has seen its stock soar by 173 percent this year. That’s more than half of Square’s overall market capitalization and worth more than Capital One Financial Corp., Square Inc. 2) at $170.62.

San Francisco 141

San Francisco Capital New York America 141

PYMNTS

AUGUST 15, 2019

banking market through a partnership with Ohio-based Sutton Bank. It has already signed consumers up for its cards in cities including Los Angeles, New York and San Francisco and there is currently a waiting list. is a different market with its own challenges, according to some observers. In the U.S. In the U.S.

Lending 161

Lending Los Angeles Digital Banking San Francisco 161

PYMNTS

MAY 18, 2020

Shares of the San Francisco-based mobile payment company fell by 2.29 The extent of SMB churn is hard to quantify, and likely won’t be known for perhaps another six months, but we note that 75 percent of Square’s payment volume comes from merchants with less $500,000 in annual card volumes,” he said. Paychex Inc.,

America 186

America San Francisco New Jersey Resources 186

PYMNTS

APRIL 30, 2020

The FinTech company, based in both San Francisco and Nigeria, secured the venture capital (VC) investment from Worldpay , which has also struck a strategic partnership with the firm. The goal is to take advantage of Africa’s growing payments market while expanding Flutterwave.

Online 141

Online San Francisco Payments Capital 141

PYMNTS

NOVEMBER 4, 2020

The San Francisco-based loan marketplace operator also said it’s well-positioned to navigate the current environment and complete the acquisition next year of Radius Bancorp , which LendingClub management called its “top strategic priority.”. Q4 Forecast.

San Francisco 278

San Francisco Management Company Fintech 278

PYMNTS

SEPTEMBER 23, 2020

The San Francisco-based digital mortgage and loan platform on Wednesday (Sept. 23) announced its expansion into consumer banking to include personal loans and credit cards. Blend , the home loan tech startup, isn’t done growing. based early growth, FinTech-focused venture capital firm. “We

San Francisco 180

San Francisco Washington Survey Data 180

Payments Source

MAY 25, 2017

At the recent Google Marketing Next event in San Francisco, Google revealed a new service designed to close the loop between online advertising and offline card payments. It's a service that should have marketers salivating, but it could easily backfire.

Google 64

Google San Francisco Online Payments 64

PYMNTS

AUGUST 15, 2019

So far, the results have been mixed; in China, the market appears to be deflating, while in the U.K. Customers can use credit cards or cash or go completely cashierless with Grabango’s payment app. Farmhouse Market , a much smaller player in Minnesota, shows how automated retail can be adapted outside of big cities and tech hubs.

San Francisco 128

San Francisco Retail Minnesota Regional 128

PYMNTS

OCTOBER 16, 2020

“We’ve seen some incredible companies building incredible scale, but when you look at the … underwriting value that’s in … their products today and you compare that to the amount of underwriting value in credit cards, which is sort of tied to this kind of legacy payment instrument, there's a lot of market share to take there,” Allaire said.

Report 176

Report San Francisco Payments Digital Banking 176

PYMNTS

OCTOBER 1, 2020

The feature is also available for debit, small business and prepaid card users, according to the announcement. Instacart, a San Francisco-based startup, partners with more than 400 retailer chains to offer delivery and pickup of groceries from more than 30,000 stores across 5,500 cities in the U.S. Starting Thursday (Oct.

San Francisco 151

San Francisco Maryland Virginia Florida 151

PYMNTS

JANUARY 28, 2020

The company is up against competitors like San Francisco-based Stripe. Trends in global marketing where companies are looking to facilitate customer payments more have led to more demand for services like Adyen’s. Adyen had an initial public offering (IPO) in June 2018, and since then has increased its shares by threefold.

San Francisco 132

San Francisco Payments US Trends 132

PYMNTS

JANUARY 28, 2020

The company is up against competitors like San Francisco-based Stripe. Trends in global marketing where companies are looking to facilitate customer payments more have led to more demand for services like Adyen’s. Adyen had an initial public offering (IPO) in June 2018, and since then has increased its shares by threefold.

San Francisco 130

San Francisco Payments US Trends 130

PYMNTS

JANUARY 21, 2020

Capitalizing on Africa’s growing payments market, Flutterwave will serve as the African payment provider for Worldpay’s clients. The Visa partnership means Flutterwave can issue physical and virtual cards and process payments using the network. This latest funding brings Flutterwave’s total investment to $55 million.

San Francisco 130

San Francisco Capital Fintech US 130

PYMNTS

JUNE 13, 2019

shores, debuting with what is being termed a “limited rollout” of an app linked to a checking account and debit card. The company said it will be signing up consumers for its cards through the next few weeks at events slated to be held in cities including Los Angeles, New York and San Francisco. In the U.K., In the U.S.

Digital Banking 119

Digital Banking Los Angeles San Francisco US 119

PYMNTS

MAY 26, 2020

The purchase allows Checkout access to Australia’s $33 billion eCommerce market and expands the company’s reach in the Asia Pacific region of the globe. It supports eCommerce platforms and shopping carts including WooCommerce, Shopify, BigCommerce and Magento by providing a way for companies to accept card payments from customers.

Payments 130

Payments San Francisco social media Regional 130

PYMNTS

OCTOBER 17, 2019

The outage has been going on for the last 24 hours, taking down the company’s website and app, as well as shutting down customers’ debit cards. San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees.

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

PYMNTS

DECEMBER 8, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company to debut on the stock market. Capital One Halts BNPL Transactions On Its Credit Cards. Report: Digital Lender SoFi Eyes IPO Via SPAC. The company, which was valued at $4.8

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

JUNE 19, 2018

By acquiring Hyperwallet, we will strengthen our ability to provide an integrated end-to-end solution to help eCommerce platforms and marketplaces — however large or small — leverage world-class payout capabilities in over 200 markets.”. Hyperwallet has offices in Austin, London, San Francisco, Sydney and Vancouver.

San Francisco 125

San Francisco Austin Online Retail 125