PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009.

Cards 158

Cards Las Vegas Innovation Mobile 158

PYMNTS

AUGUST 6, 2019

It costs more than ever to pay with a credit card in the U.S., Although the Federal Reserve’s rate cuts are in effect, it doesn’t mean the reduction will trickle to credit card consumers. Analysts said lawmakers and customers are both factors in the rate hikes by card-issuing banks, according to the report.

Cards 122

Cards US Survey Examples 122

PYMNTS

JUNE 20, 2017

Fuel card company FLEETCOR has a new leadership position, and the news was announced Monday (June 19) that the company appointed Steve Greene to the role. Greene has been with FLEETCOR since 2009 when he joined as vice president for Corporate Development. I look forward to working closely with Steve in this new position.”.

Leadership 115

Leadership Cards Regional Innovation 115

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible. shoppers made 72.7

Cards 141

Cards Payments Security Fraud 141

PYMNTS

MARCH 19, 2020

was formed in 2009 as a payment services provider to enable businesses to accept card payments. The headquarters will be in Salt Lake City, Utah. The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech. Square, Inc.

FDIC 276

FDIC Utah San Francisco Capital 276

Chris Skinner

MARCH 15, 2017

Building on my challenger bank discussions, there’s some interesting points coming out of a new report by Price Waterhouse Coopers (or Playing the Wrong Cards as they’re now called, after the Oscars) on challenger banking. It’s well worth a read, especially as they found that having branches is more important than mobile apps.

Regulation 291

Regulation Retail Survey Mobile 291

PYMNTS

OCTOBER 17, 2017

Credit card delinquencies increased for three consecutive months, adding to signs that consumers in the U.S. According to a news report in Reuters , credit card data from the likes of JPMorgan and Discover Financial Services on Monday (Oct. Meanwhile, Discover saw credit card delinquencies increase by 1.64 percent from August.

Cards 109

Cards America Report Data 109

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

Fraud 100

Fraud Cards South Dakota West Virginia 100

PYMNTS

SEPTEMBER 9, 2016

Overdue credit card debt in China was up 4.9 percent of total loans outstanding on cards. percent of total loans outstanding on cards. The total number of bank cards in use in the latest period was up 15.8 billion cards. The data came from the country’s central bank. percent to 5.8

Cards 100

Cards Payments Fraud Data 100

PYMNTS

APRIL 27, 2017

consumers become more comfortable with carrying higher levels of debt, the biggest credit card companies reported an increase in chargeoffs in their portfolios during the first quarter of 2017. According to American Banker , the results suggest that the post-crisis era of exceptionally low losses in the credit card industry has ended.

Cards 117

Cards Conference Capital America 117

PYMNTS

APRIL 10, 2017

The $1 trillion level has been attained for credit card debt within the country, with that level not seen since early 2009, when the shockwaves of the financial crisis first were felt. In the U.S., at least, debt is no four-letter word.

Cards 120

Cards US Lending National 120

PYMNTS

DECEMBER 27, 2020

After Square launched its merchant mobile-payment system and simple, namesake swipe device in 2009, the company added its Cash app in 2017, which most recently made headlines for including bitcoin functionality to its platform. Those include online shopping, delivery, loyalty programs, gift cards, money management and loans.

Video 349

Video New York Report Industry 349

PYMNTS

DECEMBER 20, 2018

According to Bloomberg’s analysis of student loan securitization data, the debt level is more than double the $675 billion in student loan debt back in June of 2009. LendingTree recently reported that based on holiday shopping and credit card spending, balances on credit cards will increase by around 5 percent through the end of the year.

Analysis 161

Analysis Cards Groups Data 161

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

JULY 27, 2016

Victims of an illegal credit card billing scam have started receiving checks from the Federal Trade Commission. According to the FTC, the operators of the illegal credit card scheme made unauthorized charges on the credit cards and debit cards of victims for internet services they didn’t get. billion.

Cards 100

Cards Fraud Operations Report 100

PYMNTS

AUGUST 12, 2016

credit arena, as evidenced by card usage and payments. credit card ABS (that means asset-backed securities, which are fixed-income vehicles offering up cash flow from pooled credit card accounts) are performing nicely, with payment rates tied to a Fitch index on the upswing. The firm said the performance of U.S.

Cards 100

Cards Payments Retail Security 100

PYMNTS

AUGUST 19, 2016

The consumer prepaid travel card, My Travel Cash, owned by payments company WEX , will shut down and has stopped taking new customers as WEX plans to refocus its business on corporates, according to reports. WEX Europe owns the consumer travel card company, first launched in 2009. 4 of this year. .

Cards 100

Cards Operations Report Payments 100

PYMNTS

JUNE 16, 2017

The credit card companies are out with data on May credit card charge-offs, which shows a mixed bag among the different players in the industry. Take Capital One, the credit card company, for starters. Meanwhile credit card delinquencies fell to 3.47 Auto charge-offs also decreased at the credit card company to 1.41

Cards 100

Cards Lending America Capital 100

PYMNTS

MAY 2, 2016

Credit card businesses, by and large, were doing well, said the heavy hitters. Financial Times , parsing some of the commentary, recapped that Wells Fargo grew its credit card balances by 10 percent year over year, to the tune of $3.1 consumer still likes to spend and is likely to keep spending.

Cards 100

Cards America Capital Trends 100

CFPB Monitor

JANUARY 26, 2023

The CFPB has issued a new request for information (RFI) to inform its biennial review of the credit card market mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act). Comments on the RFI must be received by April 24, 2023.

Cards 78

Cards Marketing Report 78

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. No, we’re not talking about the launch of Square – that was in February of 2009. and was followed by the great cybercriminal migration to the web and card-not-present transactions. True in 2009. In The Beginning.

Innovation 177

Innovation Payments Cards Retail 177

PYMNTS

DECEMBER 26, 2019

Another thing that’s bolstering the banking industry is almost record levels of credit card debt, according to The Washington Post. JPMorgan Chase and Citigroup both reported that credit card sales have increased by 10 percent and 5 percent, respectively, in the third quarter. I don’t remember the last time I used my debit card.”.

Cards 142

Cards Washington America Industry 142

CFPB Monitor

DECEMBER 31, 2019

The CFPB has released its eighth annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. (The The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations).

Cards 78

Cards Report Trends Marketing 78

Bank Innovation

FEBRUARY 28, 2017

Bank Innovation today released a beta of its relaunch, the most significant rebuilding of the site since its start in 2009. Let us know what you think of the rebuilt site by emailing info@bankinnovation.net.

Innovation 150

Innovation US social media Operations 150

Let's Talk Payments

JUNE 19, 2017

Square was started in 2009 to enable businesses to accept card payments, an important capability that was previously inaccessible to many businesses. Since then, Square has continued to expand its.

Cards 108

Cards Payments US Fintech 108

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. The percentage of unbanked people in the U.S. underscores the fact that tens of millions of U.S.

America 175

America Survey FDIC System 175

Bank Innovation

MARCH 6, 2017

Today, Bank Innovation releases its most significant redesign and relaunch since the site initially dropped online in 2009. We hope you love the new Bank Innovation. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we were the lone voice for innovation at banks.

Innovation 150

Innovation Online social media Operations 150

Bank Innovation

FEBRUARY 28, 2017

We have undertaken our most significant redesign and relaunch since Bank Innovation initially dropped online in 2009. This beta officially kicks off today and marks a new chapter in the life of Bank Innovation. We hope you love it. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we […].

Innovation 150

Innovation Online social media Operations 150

TheGuardian

JANUARY 18, 2024

The figures from Threadneedle Street show banks expect a marked rise in the number of people who fail to meet repayments on credit cards, loans and other forms of unsecured borrowing over the next three months. Continue reading.

Survey 93

Survey Cards Lending Meeting 93

PYMNTS

SEPTEMBER 3, 2019

The most transformative innovations in payments and commerce over the last decade are mostly the result of innovators making what was once visible, invisible: payments, stores, merchants, brands, issuers, even card networks. In 2009, Uber made payments disappear. The Invisible Innovators .

Innovation 223

Innovation Payments Branding Cards 223

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.). CARD Act Review. Section 610 Review. Debt relief and settlement.

Cards 78

Cards Marketing Compliance Innovation 78

PYMNTS

MARCH 20, 2018

A few decades later, Neiman Marcus started distributing gift cards, but the retailer took a page from the 1930s department store playbook: It kept the cards out of sight and only sold them as novelty items. Compared to traditional paper gift certificates, gift cards were a plastic card with a magnetic stripe.

Cards 147

Cards Apple Mobile Retail 147

PYMNTS

OCTOBER 22, 2016

If one were to ask the average person if 2009 feels like it was a very, very long time ago, odds are the answer you would get is “no.” Isn’t what’s next in payments making the plastic card look cooler and spiffing up the points or the amount of cash back you get when you swipe it at the store?”. And speaking of not existing….

Innovation 100

Innovation Course Mobile Google 100

PYMNTS

NOVEMBER 20, 2018

In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. In some areas, the growth in sub-prime lending matches overall growth in the segment, with credit cards and personal loans as the best example.

Lending 188

Lending Trends Cards Capital 188

PYMNTS

MARCH 2, 2020

Splitit works with a user’s credit or debit card and does not require applications or credit checks. Founded in 2009 by Alon Feit and Gil Don, Splitit works with merchants in 27 countries. Installment plans are always 0 percent interest and repayment can be anywhere from six to 24 months long.

Payments 142

Payments Customer Experience Regional Cards 142

PYMNTS

MARCH 18, 2020

The group injected malicious credit card-skimming malware on the blender maker’s payment pages and swiped personal details like card numbers, names, billing addresses, expiration dates and card verification numbers. RiskIQ was founded in 2009 by Brad Byrd, Chris Kiernan, David Pon and Elias Manousos.

San Francisco 140

San Francisco Groups Cards Security 140

PYMNTS

OCTOBER 30, 2020

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs. This gives merchants the evidence they need to dispute chargebacks when credit card companies approach them to recoup their losses.

Operations 228

Operations Payments Compliance System 228