South State Correspondent

JANUARY 16, 2025

Based on the 2007 to 2010 bank failure experience, we modeled the financial health of every bank using the last 16 quarters of historical performance. Other banks on the list, are captive finance or monoline banks that specialize in a particular type of credit such as financing John Deere equipment or providing credit cards.

Capital 195

Capital Management Groups Operations 195

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

JANUARY 14, 2021

Marqeta said that Goldman Sachs “will leverage our modern card issuing platform” to introduce digital checking accounts to Marcus customers, according to a Marqeta blog post on Thursday (Jan. Silicon Valley’s Marqeta is a card-issuing platform that offers infrastructure and tools for building and operating payment solutions.

Cards 207

Cards Tools Fintech US 207

PYMNTS

MARCH 2, 2020

This month’s Deep Dive digs into the data that guides staffing agencies’ payroll disbursement decisions, including payroll cards ’ pros and cons. Employees’ Payroll Card Opinions. Checks have been common in temporary staffing, but disbursements to reloadable debit cards are drawing new interest. million in 2010 to 5.9

Cards 130

Cards ATM United States Payments 130

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

Bank Innovation

MARCH 18, 2016

According to research firm RBR, reported here, ATM cash withdrawals rose almost as quickly as cashless payments since 2010 (7.1% 4 Reasons Cash is So Resilient # 1: Merchants don’t like the fees on credit cards. # Folding notes are OK. 2:Cash Read More.

ATM 150

ATM Cards Report Payments 150

PYMNTS

MAY 23, 2016

Either way, credit card companies are seeing sales on credit cards surge, and revolving debt growing — which has also been attributed to banks and issuers pushing cards more and more. PYMNTS 5-in-1 Daily Data Dive shows just how mounting that credit card debt has become. So how do those figures break down?

Cards 100

Cards Data Company Payments 100

PYMNTS

MARCH 5, 2018

Smaller banks have spent years competing with their larger fellows in signing up credit card customers. And while default levels have been ticking up throughout the credit card underwriting game, small banks have been hit hardest — small defined as those that have less than around $10.4 percent seen in 2010. percent a year ago.

Cards 109

Cards Survey Strategy Data 109

PYMNTS

OCTOBER 19, 2016

B2B payments firm Bottomline Technologies has announced a new integration to support payments using Mastercard virtual card technology. In its announcement, Bottomline said adding Mastercard’s virtual card tool into the mix “creates a simple, secure and seamless way for businesses to make and receive payments.”

Cards 100

Cards Technology Mobile Payments 100

PYMNTS

JANUARY 21, 2020

Payments processing and digital banking tech firm i2c has partnered with business payment services provider CashFlows to benefit payment card issuers across Europe, i2c announced on Tuesday (Jan. Cashflows was founded in 2010 and became one of the first independent U.K.

Cards 131

Cards Payments Digital Banking FDIC 131

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

Cards 165

Cards Security cryptocurrency Payments 165

PYMNTS

JANUARY 22, 2020

Payments processing and digital banking tech firm i2c has partnered with business payment services provider CashFlows to benefit payment card issuers across Europe, i2c announced on Wednesday (Jan. Cashflows was founded in 2010 and became one of the first independent U.K.

Cards 130

Cards Payments Digital Banking FDIC 130

PYMNTS

AUGUST 25, 2017

Credit card giant American Express (AmEx) has announced it is selling its Serve platform to InComm, in a deal that gives the latter firm exclusive rights to distribute Amex’s prepaid and reloadable card products in the United States. InComm is a tech firm which activates credit cards at the point of sale.

Cards 100

Cards United States Taxes Operations 100

PYMNTS

JULY 9, 2020

Marqeta’s business allows companies to issue credit and debit cards to their staff, and the pandemic has given it a huge boost as people everywhere rely more on online shopping and food delivery, Reuters reported. In May, Marqeta raised $150 million in a private funding round and doubled its value to $4.3

Oakland 184

Oakland California Cards Report 184

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

FEBRUARY 26, 2020

However, those trend lines soon gave way to growth in the early 2010s and beyond — driven by the digitization of commerce — with the card network’s revenue tripling in the last decade. So Mastercard is focused on identifying and pursuing those segments where there are opportunities beyond the card.”

Payments 274

Payments Course Fintech Cards 274

South State Correspondent

OCTOBER 24, 2024

The Background on Section 1033 CFPB’s final rule implements Section 1033 of the Dodd-Frank Act, which has existed since 2010 but has never been fully articulated. The first focus will be deposit accounts, credit cards, and payment services, with other products likely to follow. Below is the phase-in timetable.

Data 221

Data Security Fintech Resources 221

PYMNTS

FEBRUARY 26, 2020

Founded in 2010, Sightline has experienced 744 percent revenue growth since 2015. A value card gives VIP guests immediate access to winnings. The card is reloadable and can be used on any service (gaming, hospitality, entertainment and ATMs) at the resort, in brick and mortar retail worldwide, and online. .

Oregon 232

Oregon Pennsylvania Operations Innovation 232

PYMNTS

SEPTEMBER 29, 2019

Goldman’s entry into savings accounts and credit cards resulted in early loan losses, people familiar with the matter told the news outlet. Although the firm’s revenue and stock trades are down since 2010, it said it wants to get consumer banking right. The card is stored in the wallet app and doesn’t have any fees.

Apple 164

Apple Utah Texas Cards 164

PYMNTS

JUNE 29, 2020

Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement.

Nevada 201

Nevada Cyber Security Study Security 201

Chris Skinner

MAY 8, 2017

Metro Bank launched in 2010 and have been expanding branches aggressively – it has opened 50 in seven years – but have only got to a million customers after all that investment – that’s smaller than First Direct – and are yet to make a profit. I would claim that losing 1/12 of your market share is fairly substantial.

Metro 184

Metro Marketing America Survey 184

Bank Innovation

FEBRUARY 6, 2019

In 2010, when Patrick Collison founded Stripe Inc. with his younger brother John, he thought the world was headed toward ever-increasing globalization, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer.

Operations 170

Operations Google Capital Online 170

Gonzobanker

MAY 14, 2021

The Fed’s proposed change to the Durbin Amendment could mean big losses in payment card interchange income for financial institutions. It is not surprising that the Fed would want to go after card-not-present (CNP) volume, also known as online/eCommerce transactions (think Amazon). for card present (CP) volume. versus $32.65

Cards 154

Cards Regulation Conference Online 154

Abrigo

JULY 1, 2021

Perhaps this is likely if the business caters but probably not valid, especially during a pandemic. Merchant card transactions While we are moving toward a 100% digital currency world, most businesses, especially restaurants with high customer engagement, must continue to receive cash to meet the needs of their customers.

Training 370

Training Conference Community Video 370

PYMNTS

OCTOBER 22, 2018

Investing.com , citing a Reuters report, said that the company, which helps other startups issue payment cards, has set its sights on London and has already hired five employees and signed up customers. The startup has created a platform that makes it easier to issue payment cards. The expansion into the U.K. percent in the U.S.

Las Vegas 142

Las Vegas Cards Conference Capital 142

PYMNTS

JANUARY 4, 2019

In the wake of the Great Recessions, Americans en masse got awfully nervous about opening new accounts and using credit cards. Open accounts peaked near 500 million at mid-2008, then plunged to 360 million by the third quarter of 2010, according to a 2013 report by the New York Federal Reserve. In short, they are too successful.

Cards 139

Cards New York Course Examples 139

Perficient

NOVEMBER 21, 2024

Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data. institutions that issue credit cards, hold transaction accounts, issue devices to access an account, or provide other types of payment facilitation products or services).

Compliance 221

Compliance Data Cards Meeting 221

PYMNTS

MAY 26, 2017

The National Retail Federation applauded House Republican leaders plan to abandon an effort to overturn debit card swipe fee reform , which the trade group says saved retailers and consumers more than $40 billion.

Cards 100

Cards Retail Leadership Community 100

PYMNTS

NOVEMBER 30, 2018

LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit card balances will swell by about 5 percent through the end of the year to more than $1 trillion. That would mean that the $4 trillion level of debt is approaching for U.S. consumers, said the report.

US 129

US Cards Course Report 129

CFPB Monitor

MARCH 31, 2022

The CFPB has issued a report titled “ Credit card late fees ” that discusses the consumer impact of late fees by card type, credit score, and geography, and market reliance on late fees. Director Chopra commented as follows: Many credit card issuers have made late fee penalties a core part of their profit model.

Cards 78

Cards Report Regulation Strategy 78

TheGuardian

JUNE 28, 2021

I’ve had a two-year battle to get it to sort a problem with the ‘chip and signature’ system for disabled users I have had a two-year battle to get Nationwide to treat disabled credit card users like the rest of its customers. Rather than taking my complaint seriously – I have lodged a formal complaint – Nationwide has just ignored it.

Cards 73

Cards System Payments 73

PYMNTS

MAY 19, 2020

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. I Works asked consumers to provide their credit or debit card information to pay a $1.99 shipping, handling or processing fee.

Online 179

Online Utah Cards Operations 179

CFPB Monitor

JULY 5, 2022

The CFPB has taken the first formal step towards a new rulemaking on credit card late fees by issuing an Advance Notice of Proposed Rulemaking (ANPR). The CARD Act, which is implemented by Regulation Z, requires that late fees imposed by credit card issuers be “reasonable and proportional” to the violation of the account terms.

Cards 78

Cards Payments Analysis Policies 78

PYMNTS

JANUARY 20, 2020

The Federal Trade Commission (FTC) has filed a suit against Georgia fuel card firm FLEETCOR , alleging that it bilked customers out of millions of dollars in hidden fees, a charge the company denies, according to reports on Monday (Jan. The publicly traded company was founded in 2010, and reported 2018 annual revenues of $2.4

Georgia 130

Georgia Cards Branding Report 130

PYMNTS

AUGUST 27, 2018

As airlines seek income beyond fares, carriers are turning to credit card offers to broaden their revenue streams. earned more from loyalty and credit card programs than they did in the same period the prior year, The Wall Street Journal reported. “It In the second quarter, major carriers in the U.S.

US 101

US Arkansas Cards Groups 101

PYMNTS

MAY 6, 2019

Clients, in turn, receive debit cards and can move money through mobile check deposit, wire, BillPay and automated clearing house (ACH). The company offers application programming interface (API)-powered banking that was created to automate back-office financial work. They also gain access to automated teller machines (ATMs) across the U.S.

Innovation 192

Innovation Fintech San Francisco New York 192

PYMNTS

JUNE 9, 2017

In this edition of Today In Data, we provide a brief overview of the effect of the House of Representatives’ vote to overhaul Dodd-Frank and the details behind the CFPB request for more transparent credit card promotions. 21 percent | Increase in purchases using deferred-interest promotions with credit cards between 2010 and 2013.

Data 100

Data US Regulation Cards 100