PYMNTS

AUGUST 7, 2020

Everyone knows the old joke about how easy getting into the lending business is: “Lending money out is very simple — pretty much anyone can do it. It’s getting people to pay the money back that’s the hard part.”. While that’s a groan-inducer in good times, it’s a wince-maker in today’s economic downturn.

Lending 249

Lending Innovation Fintech Examples 249

Gonzobanker

AUGUST 11, 2020

And the industry’s two largest fintech providers, FIS and Fiserv, reported organic revenue declines largely due to economic impact to the payments market. It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue.

Lending 158

Lending Fintech Analytics UX 158

PYMNTS

MARCH 25, 2020

Nexo , the digital currency lending platform, is now letting retail investors utilize PAX Gold as loan collateral, Cointelegraph reported. Now, the program’s growth to encompass retail clients lets anyone use those assets as collateral on the platform of the company.

Lending 181

Lending Bitcoin cryptocurrency Cards 181

PYMNTS

JANUARY 12, 2021

The lending industry was hit hard during the pandemic’s early months, with many banks and traditional lenders rapidly adjusting their standards and rates to accommodate businesses’ and consumers’ shifting needs. Payors surveyed stated that they made only 45 percent of all their disbursements via non-instant payment methods, in fact.

Millennials 239

Millennials Payments Lending Study 239

PYMNTS

DECEMBER 23, 2019

Further, all the lenders shall submit declaration to P2P platforms that they have understood all the risks associated with lending transactions and that P2P platform does not assure return of principal/payment of interest,” the RBI said. The RBI also recently provided guidelines for payment systems.

Lending 132

Lending Guidelines System ATM 132

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. I'm not saying go out and make every retail loan that you can get your hands on,” he said.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

DECEMBER 17, 2019

CircleUp entered the market in 2012 as a data driven variation on venture capital (VC) funding to solve for part of that problem in retail and consumer packaged goods (CPG) firms. CircleUp’s lending platform was founded in 2017 to fill that hole and has underwritten about $300 million in loans since then. The first is focus.

Lending 132

Lending Data Retail Capital 132

PYMNTS

MARCH 30, 2020

There’s $454 billion earmarked for retailers in the vast series of COVID-19 relief legislation passed last week. But none of it will arrive in time for the April rent and lease deadline staring retailers right in the bank account come Wednesday. Even a partial payment helps. Almost 630,000 outlets in the U.S.

Retail 131

Retail National Washington Industry 131

PYMNTS

MAY 8, 2020

Joining Karen Webster for the latest edition of This Week In Payments, Spreedly CEO Justin Benson sat down to remotely chat about the recent run of earnings and what they mean for the payments and commerce ecosystem’s long-term prospects. PayPal, Square and the Power of Scale in Payments .

Lending 187

Lending Payments Exercises Report 187

Bank Innovation

JANUARY 17, 2020

In this episode, editors discuss the following news developments: The overlap of retail with financial services, and reflections on the National Retail Federation annual conference in New York; Visa’s acquisition of Plaid and what it means […].

Retail 243

Retail New York Video Conference 243

PYMNTS

JANUARY 20, 2020

As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. The language is interesting — and noteworthy.

Retail 100

Retail Payments Bitcoin Policies 100

Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

Lending 68

Lending Seattle Regulation US 68

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. which is a huge draw to using BNPL as a non-cash payment method. which is a huge draw to using BNPL as a non-cash payment method.

Fintech 474

Fintech Trends South Dakota Apple 474

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. The webinar featured Karen Webster from PYMNTS and Amy Parsons, senior vice president of global acceptance at Discover Financial Services and its payments brand, Discover Global Network.

Retail 137

Retail Millennials New York City social media 137

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

Payments Dive

FEBRUARY 13, 2020

Mike Rittler, general manager of retail card services and personal lending at TD Bank, shares his insight on trends, transformative innovation and how the 'traditional check out' experience is on its way out.

Lending 418

Lending Trends Innovation Retail 418

PYMNTS

MARCH 8, 2019

challenger Starling Bank is moving forward with plans to introduce business lending services, reports in Specialist Banking said this week, with the bank revealing new details about its strategy. “We don’t think we’re going to automate every lending decision,” said Doignie.

Lending 118

Lending Strategy Capital Groups 118

PYMNTS

JUNE 4, 2020

The Federal Reserve will launch the Main Street Lending Program, which is geared toward mid-sized businesses, this week. In April, news surfaced that The Federal Reserve was almost ready to introduce the lending program and was asking financial institutions for advice.

Maine 130

Maine Lending Company California 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

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. These plans fund retail purchases that consumers can then pay off over time in typically four installments. How BNPL Plans Help Shoppers Defer Payments With Predictable Fees.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

DECEMBER 2, 2020

In today’s top news, SWIFT launched gpi instant for real-time cross border payments, and Revolut introduced an early payday option for U.K. Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. billion in sales. Billion In Sales.

Payments 140

Payments Capital Lending Retail 140

PYMNTS

JUNE 8, 2020

Indian FinTech Infibeam Avenues , which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. In the announcement , the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment services.

Payments 150

Payments Lending Cards blockchain 150

PYMNTS

APRIL 23, 2019

Resolve, a B2B payment services firm that spun off from Affirm , provides point-of-sale (POS) financing to consumers via retailers, including Walmart. The Resolve offering works as an automated payment platform, integrated into B2B commerce websites. B2B Version. trillion by 2020.

Payments 228

Payments Maine Lending Retail 228

PYMNTS

NOVEMBER 4, 2020

NEW DATA: Five Payments Innovations For Winning The Digital-First Shopper. Tens of millions of Americans are now going online to buy everything from groceries to retail products, but a cookie-cutter approach to digital innovation won’t ring the register. Onyx CEO On Blockchain, The JPM Coin And Simplifying Payments.

California 196

California Payments blockchain Lending 196

Bank Innovation

MAY 9, 2018

New takes on lending and underwriting dominated the opening day of demos at FinovateSpring 2018 here yesterday. SANTA CLARA, Calif. - But this being fintech's leading demo showcase, the featured startups offered up these basic, fundamental aspects of banking in a new way, often with "artificial intelligence" under the hood.

Lending 186

Lending Fintech cryptocurrency Cards 186

PYMNTS

JANUARY 10, 2019

Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P industry there could see the number of players decline by as much as 70 percent in 2019. The payments space in China also includes a company called PINTEC.

Payments 134

Payments Lending Retail Course 134

PYMNTS

FEBRUARY 12, 2019

For consumers, and increasingly for businesses, speed is coveted when it comes to payments. Far-flung systems, and many ways to get there – but the end goal is to have payments settle instantly or in real time. Data: 56: Number of real-time payments systems slated to be live or underway by 2020.

Millennials 154

Millennials Payments Retail Lending 154

PYMNTS

MAY 31, 2019

PYMNTS analyzed the latest megadeal in payments and trade war developments, and a Visa exec voiced skepticism about instant payments. Global Payments, TSYS Ink $21.5B Global Payments, TSYS Ink $21.5B Megadeals everywhere in payments? Global Payments has inked a deal to acquire Total Systems (TSYS) in a $21.5

Lending 122

Lending Payments Apple social media 122

PYMNTS

APRIL 19, 2020

Funding Circle said it will only be focused on Coronavirus Business Interruption Loan Scheme (CBILS) loans for now, and in doing so, will be unable to service retail lenders as it usually does. According to Funding Circle, that means lending for retail investors will be turned off. The loans will come through the U.K.

Retail 150

Retail Lending Company Payments 150

ATM Marketplace

FEBRUARY 14, 2020

Mike Rittler, general manager of retail card services and personal lending at TD Bank, shares his insight on trends, transformative innovation and how the 'traditional check out' experience is on its way out.

Retail 62

Retail Lending Trends Innovation 62

Bank Innovation

MAY 8, 2019

Having spent a lot of time attending to retail customers, banks are now trying to digitally transform their wealth management and commercial lending businesses. In the process, banks hope retail customers will buy these non-retail products.

Lending 277

Lending Retail Innovation Management 277

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.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

MAY 22, 2020

Payments choice is emerging as more than just added eCommerce utility. Merchants expanding payment options are finding this an important differentiator, a major value-added benefit, seemingly tailor-made for the uncertain economic times we’re suddenly living through. Afterpay’s U.S. How Much Choice is Too Much?

Payments 141

Payments Retail Cards Online 141

PYMNTS

SEPTEMBER 12, 2018

In its monthly Small Business Lending Index, released Tuesday (Sept. When you combine a strong economy, healthy retail demand and the willingness of small business owners to reinvest their savings from tax cuts, it creates a positive atmosphere for small business lending ,” said Rohit Arora, Biz2Credit CEO, in a statement.

Lending 102

Lending Community Bank Taxes Community 102

PYMNTS

OCTOBER 22, 2020

As infection and mortality rates rose and consumers became more concerned about their health and the health of others, it’s not hard to understand why their interest in contactless payments – tepid at best in a pre-pandemic world – skyrocketed overnight. PayPal’s Global Push. in August, and Pay in 3 in the U.K. earlier this month.

Trends 193

Trends Payments Retail Meeting 193

PYMNTS

APRIL 29, 2020

In today’s top news, WhatsApp is considering offering credit and lending to users in India, and the Bureau of Economic Analysis estimated that GDP dropped 4.8 Plus, the Federal Reserve is asking banks for advice on its new Main Street lending program. Fed Turns To Banks For Feedback On Main Street Lending Program.

Lending 130

Lending Payments Maine Analysis 130

Bank Innovation

MARCH 23, 2018

As mobile wallets and consumer-to-business payments platforms grow in popularity as the preferred payment method among retail shoppers, it seems only natural that merchants should consider digital POS lending or instant financing options as a means to encourage more online purchases. Indeed, they are. Read More.

Online 218

Online Lending Survey Retail 218