Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

Bank Innovation

MARCH 28, 2016

Joan Kuehl, who is the online lender’s first CIO, has extensive experience, having worked at Travelers and Bank of America — so it deserves notice when her first pronouncements Read More. Elevate Credit Inc., which is pining to get to an IPO, today announced that it hired a new chief information officer.

Big Data 150

Big Data Online Lending Data 150

PYMNTS

FEBRUARY 3, 2020

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

Lending 146

Lending Apple Study Online 146

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

MAY 14, 2018

Citizens Financial Group announced on Monday (May 14) plans to launch Citizens Access, a nationwide direct-to-consumer online bank. In a press release , Citizens Financial said the digital platform will offer FDIC-insured deposits products aimed at serving people who want to save and want the flexibility of an online banking service.

Online 101

Online FDIC Lending Analytics 101

PYMNTS

NOVEMBER 13, 2020

Power research shows that the number of customers doing their credit applications online has kicked into high gear. Many buyers who have secured financing digitally had a great experience and won’t go back to the old way of doing things — even when COVID-19 is no longer a factor.”. Consumers and Banks Both Like Online Auto Loans.

Online 214

Online San Francisco Trends Marketing Strategies 214

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. Indeed, as the recently completed National Retail Federation (NRF) retail show in New York City demonstrated, commerce keeps moving to what Webster called in the webinar a “customer-centric approach.”

Retail 137

Retail Millennials New York City social media 137

PYMNTS

SEPTEMBER 18, 2019

Among the forces working to influence and change retail — and do so into the 2019 holiday shopping season, as well as the 2020s — is the rise of bridge millennials. This segment also spends approximately $2,225 per year on retail purchases, which is about $830 more than baby boomers and nearly $300 more than younger millennials.

Millennials 109

Millennials Retail Study Online 109

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

SEPTEMBER 17, 2020

Securities and Exchange Commission (SEC). The company has determined not to pursue a public offering of the securities covered by the registration statement at this time,” LoanDepot wrote in its filing. is the nation’s largest retail mortgage lender. But less than a year later, it withdrew the offering. Quicken Loans Inc.,

San Francisco 160

San Francisco New York Lending California 160

PYMNTS

JANUARY 19, 2021

The collaboration is part of Eedenbull’s efforts to expand globally after having secured 65 banking partnerships across Europe, according to a report. In an effort to strengthen its offerings to SMBs, Romania’s NETOPIA Payments is integrating a lending feature from Bulgaria’s TBI Bank. BNL Goes Live With Tink.

Fintech 341

Fintech National Groups Tools 341

Bank Innovation

FEBRUARY 7, 2019

Wells Fargo customers nationwide are experiencing technical difficulty accessing the San Francisco-based bank’s online and mobile banking services.

San Francisco 170

San Francisco Online Mobile System 170

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. The consumer bank will be divided into one section focused on consumer lending, and the other on branches and small businesses.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30

Lending 130

Lending FDIC Minneapolis Utah 130

PYMNTS

AUGUST 12, 2020

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public before tough new federal disclosure rules go into effect. Securities and Exchange Commission (SEC) on Monday (Aug. A unit of Ping An Insurance Group, Lufax filed confidential paperwork with the U.S.

US 147

US United States Lending Regulation 147

PYMNTS

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

JUNE 9, 2020

Plus, retail dispute management firm Chargeback raised $6.6 JMP Securities, Oppenheimer & Co. JMP Securities, Oppenheimer & Co. Retail dispute management firm Chargeback announced Monday (June 8) that it has closed a $6.6 New Report: Home Closings Go Digital With Remote Online Notary Services. Lemonade Inc.,

Payments 130

Payments Retail Security Management 130

PYMNTS

AUGUST 23, 2019

Among the stories we ran over the past few days is a deep look at the problems with Chase Pay, new information about AI fighting fraud, new research into the gig economy and subscriber churn, and a feature about the risks of online disaster relief efforts. Can Digitally-Read Emotions Play a Role in Payments and Retail?

Lending 109

Lending North Carolina Fraud United States 109

Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

Fintech 182

Fintech Lending Software Compliance 182

Abrigo

MARCH 24, 2021

Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability. Technology sets up future lending success. Pandemic-Induced Transformations. For us, these are sizable, meaningful relationships.” Optimize Technology.

Lending 221

Lending Technology Survey Examples 221

PYMNTS

DECEMBER 11, 2020

to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions. Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

AUGUST 11, 2017

According to a report by the country’s 12 regional Federal Reserve banks, over half of all startups report difficulty in securing loans, and 81 percent report having had to dip into their personal funds to cover gaps in their corporate cash flow. Nature abhors a vacuum, and commerce has similar feelings. The Path to a Consignment Powerhouse.

Lending 117

Lending Capital Video Online 117

PYMNTS

FEBRUARY 6, 2020

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the costs and benefits of a digital currency and the Reserve Bank of Australia considers stopping banks from automatically routing “tap and go” payments through Visa and Mastercard.

Payments 130

Payments Cards Retail cryptocurrency 130

Accenture

OCTOBER 14, 2019

Guest blogger Markus Naumer examines how digital payments technology is enhancing credit lending and showing promise in addressing consumer credit-aversion challenges. Digital credit for consumers is an underpenetrated and underestimated opportunity for banks and retailers alike.

Payments 150

Payments Lending Examples Innovation 150

PYMNTS

APRIL 3, 2020

The Payroll Protection Program, a section of the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress last week, authorizes lenders to provide up to $349 billion in funds to U.S. merchants and retailers enrolled in the Worldpay from FIS iQ online portal.

Florida 141

Florida Resources Lending Online 141

PYMNTS

SEPTEMBER 29, 2020

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In The company is also evaluating secured credit card concepts, too, as an adjacent ancillary offering. trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

PYMNTS

MARCH 12, 2018

Ant Financial , the payment affiliate of China’s Alibaba , has seen its consumer lending business reach 600 billion yuan ($95 billion) even as the company faces a stricter environment for securitizing loans in its home country of China. In all of 2017, the company issued 243 billion yuan of asset-backed securities, Bloomberg noted.

Lending 101

Lending Security Online Regulation 101

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. Overall, year over year, online fraud attacks have spiked 215 percent.

Lending 100

Lending Mobile Cards Fraud 100

PYMNTS

JANUARY 25, 2021

These plans fund retail purchases that consumers can then pay off over time in typically four installments. Buy now, pay later options have developed differently across nations, with trends in C hina seeing retailers often providing their own installment payment plans rather than offering third-party plans at checkout.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

MAY 7, 2020

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. Larger full-service restaurants opened community markets to sell raw ingredients, produce and food staples through online stores,” he said. Card-present volumes were down by 60 percent year over year.

Maine 141

Maine Online Capital Retail 141

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. ’s Faster Payments real-time payments system. Tyfone Connects FIs To Payrailz.

Fintech 277

Fintech Cards Technology Samsung 277

PYMNTS

DECEMBER 4, 2020

In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises. The banks signing on to the new offering include marquee names such as Goldman Sachs, Barclays and Citigroup.

Lending 224

Lending Meeting User Experience Innovation 224

PYMNTS

SEPTEMBER 24, 2018

Stripe has been rolling out other new products, earlier this month launching Stripe Terminal , which will enable online businesses and platforms to accept in-person payments with Stripe. The question is: Can we make the offline world as simple as the online world?” said John Collison, co-founder and president of Stripe. “As

Online 164

Online Software Retail Payments 164

PYMNTS

AUGUST 24, 2018

But where there is a problem, there is usually a player looking to solve it – and of late, an investor willing to back that solution, whether it’s for a more efficient and secure lending product , a better supply chain or a more efficient on-ramp for IoT devices. 30 million: Total raised by Scandit in its Series B round last month.

Data 100

Data Lending Security Online 100

MyBankTracker

AUGUST 11, 2020

Acima is a financing solution if you’re looking to buy appliances, mattresses, car tires, and other retail purchases. Once you find what you’re looking for, Acima will purchase the merchandise from the retailer and then rent it to you. ” You can apply online or in-person at the retailer’s store.

Retail 52

Retail Cards Wisconsin Security 52

BankBazaar

APRIL 11, 2023

National, March 30, 2023: BankBazaar.com , India’s leading fintech co-branded Credit Card platform and online provider of free Credit Scores, closed FY23 with net revenue of ₹160 crore. India’s retail credit outlook continues to look strong and was up by 20.4% Y-o-Y in January, according to RBI data.

Branding 78

Branding Capital Cards Retail 78