PYMNTS

JULY 26, 2019

FDIC) and the state of Utah for an industrial loan company (ILC) charter. The bank would be headquartered in Utah and could handle users’ deposits, according to Lee Carter, Rakuten head of banking and potential ILC CEO. The company also wants to give members a credit card to make purchases in the future and also earn rewards. . “We

Fintech 192

Fintech Utah US FDIC 192

PYMNTS

APRIL 13, 2020

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. Debit card spending is down 12 percent for the same period. Gas spending was down 55.5

Study 141

Study South Dakota North Dakota Wyoming 141

PYMNTS

NOVEMBER 12, 2020

Dave’s digital bank account and debit card have no minimum balance requirement, no overdraft fees and access to 32,000 MoneyPass ATMs, fee-free. Galileo, headquartered in Salt Lake City, Utah, supports a variety of payment solutions.

Utah 143

Utah ATM America Digital Banking 143

PYMNTS

SEPTEMBER 29, 2019

billion despite buying startups and building call centers in Utah and Texas, The Wall Street Journal reported Saturday (Sept. Goldman’s entry into savings accounts and credit cards resulted in early loan losses, people familiar with the matter told the news outlet. The card is stored in the wallet app and doesn’t have any fees.

Utah 164

Utah Apple Texas Cards 164

PYMNTS

SEPTEMBER 29, 2019

billion despite buying startups and building call centers in Utah and Texas, The Wall Street Journal reported Saturday (Sept. Goldman’s entry into savings accounts and credit cards resulted in early loan losses, people familiar with the matter told the news outlet. The card is stored in the wallet app and doesn’t have any fees.

Utah 115

Utah Apple Texas Cards 115

Payments Source

AUGUST 22, 2017

Payroc has introduced a mobile acceptance program leveraging iTransact, a Utah-based mobile payments technology firm it acquired last year.

Utah 60

Utah Mobile Payments Cards 60

CFPB Monitor

JANUARY 25, 2021

Per the Utah Department of Financial Institutions website, Rakuten Bank America’s application for a Utah ILC charter was received on July 26, 2019 and remains pending. . based bank, Rakuten Bank America. Rakuten’s first FDIC deposit insurance application was filed in July 2019, and was withdrawn in March 2020.

FDIC 78

FDIC Utah America Financial Technology 78

PYMNTS

DECEMBER 19, 2018

San Francisco-based FinTech company Square, known for its white card readers, has once again decided to become a banking establishment, according to a report in The Wall Street Journal. The company had previously asked to start a bank in September of 2017, but eventually withdrew from the process over procedural issues.

San Francisco 165

San Francisco Utah Capital Regulation 165

PYMNTS

SEPTEMBER 11, 2017

The mobile payments firm announced plans last week to open up a physical branch in Utah, to be called Square Financial Services. That assertion comes with the inclusion of peer-to-peer (P2P) payment and B2B payments, moving beyond traditional card transactions. Square was the biggest gainer on the week, up 4 percent.

Payments 148

Payments Utah United States Mobile 148

PYMNTS

APRIL 17, 2018

According to news from Mobile Payments Today , under the partnership, PayPal’s mobile card product will be combined with ebizmart’s mobile app Magento. In addition, employers can directly deposit their wages into accounts, while debit cards can withdraw cash at ATMs.

Delaware 101

Delaware Utah Georgia ATM 101

PYMNTS

OCTOBER 24, 2019

In the meantime, you can transfer profits from selling bitcoin to any bank account or debit card linked to your Cash App.”. Square also offers small business loans and has a Visa debit card linked to the app, which lets users treat it like a bank account. Square brought in about $65.5

San Francisco 109

San Francisco Bitcoin Utah Google 109

CB Insights

NOVEMBER 8, 2021

Utah-based Awardco helps companies go beyond traditional methods of compensation by allowing them to provide employees with recognition, rewards, and professional development. Its Amazon and Priceline partnerships allow the company to provide event tickets, hotel products, swag, gift cards, and custom catalogs as rewards.

Utah 59

Utah Texas Cards Report 59

PYMNTS

OCTOBER 16, 2020

The states leading the probe include Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah. Retail Sales, Card Data Point To Continued Consumer Spending Rebound. Several states are moving forward with their own antitrust probe into Google and could decide to join the Department of Justice’s (DOJ) case.

Google 146

Google Study North Carolina Nebraska 146

PYMNTS

DECEMBER 21, 2020

Rent-A-Center is buying Utah-based Acima , has been the owner of an incredible growth record, even for the payments and credit business. It was also tabbed by Utah Business magazine as the fastest-growing company in the state. Rent-A-Center , the largest provider of lease-to-own purchase plans in the U.S. said Monday (Dec.

Company 154

Company Utah San Francisco Retail 154

PYMNTS

OCTOBER 24, 2019

In the meantime, you can transfer profits from selling bitcoin to any bank account or debit card linked to your Cash App.”. Square also offers small business loans and has a Visa debit card linked to the app, which lets users treat it like a bank account. Square brought in about $65.5

San Francisco 100

San Francisco Bitcoin Utah Google 100

PYMNTS

MAY 28, 2020

We can figure out how to match a record,” Matt Visser, CEO of Victig Screening Solutions, a Utah company sells 10,000 to 20,000 tenant and employment screening reports a month, told the Times. In 2018, the Federal Trade Commission fined RealPage $3 million for using wild-card searches. That is why we are hiring them,” he said.

Report 130

Report Arkansas Kentucky Minneapolis 130

PYMNTS

JUNE 5, 2017

The Justice Department may have left its skirmish against American Express and the issue of “steering,” but nearly a dozen states are battling on against the card issuer in their own fight. On Friday, the Justice Department announced that it would not seek U.S.

Rhode Island 100

Rhode Island Montana Vermont Idaho 100

Jeff For Banks

MARCH 15, 2014

This week I did my annual tour of the West, teaching Bank Profitability in the Executive Development Program for the Washington, Oregon, and Utah Bankers'' Associations. But disruptors such as Square, pre-loaded cards, and possibly Bitcoin is making it less critical to have a banking account.

Industry 115

Industry Oregon Utah Washington 115

Fintech Labs Insights

JANUARY 31, 2023

These are the largest events in the financial services industry geared towards payments and card technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart payments firms and card issuers. If we are missing anything, please drop me a note.

Las Vegas 15

Las Vegas Conference Industry San Diego 15

PYMNTS

JULY 14, 2020

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action.

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

SEPTEMBER 15, 2020

Payments firm Sokin , which offers payment cards in some 75 countries and digital wallets in 150 countries, recently announced plans to utilize biometrics and authentication technology from identity verification provider Jumio to verify users during onboarding.

Report 206

Report Los Angeles Fraud Utah 206

Fintech Labs Insights

JUNE 17, 2021

With Brex’s arrival on the scene in 2018 followed by a meteoric rise to multi-unicorn status, there has been considerable attention to, and investment in business credit/charge cards ( see definition below ). Here is a list of the 15 challenger business credit cards currently active in the United States. 1,060,000. Divvy (Bill.com).

Cards 15

Cards Utah Online Austin 15

Fintech Labs Insights

JUNE 17, 2021

With Brex’s arrival on the scene in 2018 followed by a meteoric rise to multi-unicorn status, there has been considerable attention to, and investment in business credit/charge cards ( see definition below ). Here is a list of the 15 challenger business credit cards currently active in the United States. 1,060,000. Divvy (Bill.com).

Cards 15

Cards Utah Online Austin 15

PYMNTS

JULY 13, 2016

One avenue for rebounding from the vagaries of online lending would be, said WSJ, a move for approval for SoFi to grab a state banking charter in Utah.

Utah 100

Utah Lending Online Strategy 100

PYMNTS

MARCH 20, 2020

to create a de novo industrial bank in Utah — originating commercial loans to retailers who use the company for payments. The initiative has been named “ Help Main Street ” and will compile a database of businesses that offer gift cards — and consumers can use them later, once the impact of the virus recedes.

Maine 130

Maine Utah Apple Course 130

PYMNTS

DECEMBER 20, 2018

Amazon in particular has stated that such settlement options would be a desirable alternative to credit and debit cards. Reuters reported that the license allows non-traditional finance firms to collect government loans, and that the bank would be chartered in Utah. The Fed, of course, has had a request for comment open for a while.

Utah 134

Utah FDIC System Retail 134

PYMNTS

NOVEMBER 6, 2019

I think if you look at the economic environment,” Nayar noted, “you see the Fed is cutting the rate, but the banks aren’t cutting rates on credit cards, so the spread between credit card lending and personal loans has never been bigger.”.

San Francisco 100

San Francisco Utah Trends Cards 100

Fintech Labs Insights

DECEMBER 1, 2021

With Brex’s arrival on the scene in 2018 followed by a meteoric rise to multi-unicorn status, there has been considerable attention to, and investment in business credit/charge cards ( see definition below ). Below is a ranked list of the 17 challenger business credit cards currently active in the United States. Review Date.

Cards 15

Cards Online Utah Austin 15

Fintech Labs Insights

DECEMBER 1, 2021

With Brex’s arrival on the scene in 2018 followed by a meteoric rise to multi-unicorn status, there has been considerable attention to, and investment in business credit/charge cards ( see definition below ). Below is a ranked list of the 17 challenger business credit cards currently active in the United States. Review Date.

Cards 15

Cards Online Utah Austin 15

PYMNTS

JUNE 13, 2017

Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. The bank will offer no other products and services.”.

FDIC 100

FDIC Utah Millennials ATM 100

PYMNTS

JANUARY 7, 2019

The company has also reported that, at least thus far, there is no indication that the attacks were successful in stealing any credit card information — though they have contacted users affected and advised them to change their passwords. Warby Parker contacted law enforcement when it found out about the breach.

Data 139

Data Wyoming Idaho Utah 139

PYMNTS

OCTOBER 17, 2017

All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits.

Industry 108

Industry Fintech FDIC Community Bank 108

Banking 2020

NOVEMBER 23, 2015

Annually, America First collects monetary donations to purchase new shoes for economically disadvantaged children throughout Utah and in the Las Vegas, Nevada area. This year America First will donate to 18 schools and service organizations donating over 1400 pairs of shoes to children throughout Utah and Nevada.

America 40

America Utah Las Vegas Nevada 40

PYMNTS

JUNE 28, 2019

Car IQ’s technology aims to automate and accelerate fleet payments for scenarios like vehicle maintenance and other services, without the need for human intervention or credit cards — a tool that the company said will combat fraud. MX, based in Utah, said it plans to deploy the investment to continue building out its data solutions.

Capital 108

Capital Analytics San Francisco Lending 108

FICO

JUNE 14, 2021

For many options, borrowers first create an account with each BNPL firm they want to use, providing their debit card or bank information as the payment mechanism. Many of these firms collect income from merchant fees, which can run double or triple what retailers pay to credit card processors, according to industry executives.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

MAY 2, 2019

Customers pay by credit card, and Allen also pointed out that the company has a money-back guarantee if a dog isn’t satisfied with the food on the first try. and has three distribution centers, in New Jersey, Illinois and Utah. The Differentiators. For logistics, the company ships to every state in the continental U.S.

New Jersey 109

New Jersey Utah Illinois Company 109

Fintech Labs Insights

NOVEMBER 4, 2021

They support most types of debt products from commercial loans to business credit cards. Credit cards. HQ: Salt Lake City, Utah. And it’s so good to see the progress they’ve made since then. Lendio runs a marketplace matching SMB borrowers with more than 75 SMB lenders. Merchant cash advances. Commercial mortgages.

Utah 15

Utah Google Cards Lending 15