PYMNTS

MARCH 25, 2019

And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Care credit card.

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Apple Cards America Payments 163

PYMNTS

AUGUST 3, 2020

Mobeewave specializes in letting shoppers utilize their smartphones to access a credit card and process payments. The system works via an app and does not require any further hardware beyond a Near Field Communications (NFP) chip, the likes of which have been included in iPhones since 2014, Bloomberg wrote.

Apple 294

Apple Samsung Cards Payments 294

PYMNTS

FEBRUARY 6, 2019

Fleet payments company FLEETCOR is facing criticism over fees associated with its fleet cards, according to reports in Bloomberg last week, which small businesses (SMBs) say are too high. The issue mirrors the debate over payroll card fees, and raises new concerns over fees linked to card products for businesses, including interchange fees.

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PYMNTS

NOVEMBER 20, 2020

Such factors could drive companies worldwide to seek the utility and flexibility of delivering payroll via prepaid cards, and this month’s Deep Dive examines companies’ growing interest in these tools. . It found that just 2 percent of respondents offered payroll cards in 2014, but that this figure had risen to 28.5

Cards 197

Cards Tools Survey Payments 197

PYMNTS

MAY 6, 2019

As Nanu told it, the ongoing spread of faster payments can serve to not only build a stronger commerce and payments ecosystem for Asia and elsewhere, but make credit cards less important to the further growth of the world’s digital economy. Nanu started putting together a global remittance firm for consumers and businesses in 2014.

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Cards Payments Regional Operations 202

PYMNTS

OCTOBER 23, 2020

Apple Card users are complaining that a glitch is preventing them from using the payment method on Amazon — and the option vanished as a choice without warning or reason, according to media reports on Friday (Oct. My Apple Card has been removed from my Amazon Wallet. We’re sorry, we weren’t able to save your credit card information.

Apple 162

Apple Cards Report Payments 162

PYMNTS

FEBRUARY 6, 2019

When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with what he called the entrepreneurial itch for a while. A bank in Singapore, for example, that wants to start issuing cards will be waiting for about nine months to finish that project.

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Cards Retail Payments Marketing 189

Chris Skinner

APRIL 24, 2017

Although other statistics do not corroborate this number, putting the levels around 40% banked and 60% unbanked, with 79% unable to get credit cards. billion adults were unbanked whilst, by 2014, 2 billion adults remain without an account. In 2011, 2.5 This represents a 20% decrease.

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National Strategy Case Study Mobile 316

PYMNTS

JUNE 17, 2019

American Express said its May card delinquency rate was unchanged from April, according to reports. percent, and the small business card delinquency rate went up to 1.3 Small business card net write-offs also increased, from 1.8 The rate held steady at 1.4 Net write-offs, however, did move slightly in may, from April’s 2.4

Cards 144

Cards Company Management Technology 144

PYMNTS

NOVEMBER 25, 2019

Nike is offering 3 percent cash back to Apple Card users when a Nike product is purchased using Apple Pay , TechCrunch reported Monday (Nov. The deal applies to all Nike products when purchases are made using the Apple Card through the Nike website, retail stores, Nike Training Club and more. customers in August.

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Apple Cards Training Branding 229

PYMNTS

JULY 23, 2020

European FinTech payments company myPOS , which works in offering affordable payments to small- to medium-sized businesses (SMBs), has new credit cards that it says will help SMBs in Europe access new benefits, according to a press release. Since its launch in 2014, myPOS has offered the cards for free whenever someone opens an account.

Cards 140

Cards ATM Payments Fintech 140

PYMNTS

NOVEMBER 25, 2019

Nike is offering 3 percent cash back to Apple Card users when a Nike product is purchased using Apple Pay , TechCrunch reported Monday (Nov. The deal applies to all Nike products when purchases are made using the Apple Card through the Nike website, retail stores, Nike Training Club and more. customers in August.

Apple 140

Apple Cards Training Branding 140

Bank Innovation

JUNE 23, 2016

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

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Innovation Company social media Operations 284

Bank Innovation

JULY 6, 2016

Back in 2014, Stripe confirmed that it was working with Facebook on a “Buy” button for the social media giant. From Recode: Facebook first began testing a “Buy” button within the News Feed in July [2014], and payments startup Stripe has been tasked Read More. Whatever happened to the “Buy with Facebook” button?

social media 240

social media Payments Google Online 240

PYMNTS

SEPTEMBER 15, 2020

This is a winning solution that will help merchants reduce shopping cart abandonment while providing a single integration for participating card brands – meaning a simpler and smoother overall digital checkout experience.”. Visa is moving Visa Checkout merchants in Canada to Click to Pay after a successful launch in the United States.

United States 291

United States Security Retail Cards 291

PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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San Diego Cards New Jersey Massachusetts 130

PYMNTS

MARCH 31, 2020

The partnership enables CoinEx users to buy cryptocurrencies like bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USDT with their Visa or Mastercard credit cards directly. Enabling fast and secure credit card payments is a key step to mass crypto adoption. USD, EUR, CAD and other fiat currencies are supported. “We

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Cards cryptocurrency Bitcoin Regional 140

PYMNTS

JUNE 9, 2020

Singapore-based Nium said that with this business arrangement, it will be able to shorten the time for issuing a Visa card to just four to six weeks. The company said in a prepared statement : “Currently, business owners rely on outdated card management systems as part of their corporate bank accounts.

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Cards Financial Technology System Management 134

PYMNTS

JUNE 17, 2020

Amazon customers in 12 countries across North America, Latin America, the Middle East and Europe will have their stored credit card credentials tokenized, Mastercard announced Wednesday (June 17). The move to tokenization comes amid the rise of eCommerce as consumers save and manage their card details across multiple websites.

Tools 212

Tools Cards America Management 212

American Banker

AUGUST 6, 2020

Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.

New York 99

New York Cards Lending 99

PYMNTS

OCTOBER 25, 2016

Credit card companies have not been shy when it comes to lending to subprime customers , but according to new data from TransUnion, that strategy is starting to backfire for the credit card issuers. In 2014, the paper noted the rate was 2.2 percent for credit cards issued in 2014 and 1.5

Cards 100

Cards Company Wyoming Oklahoma 100

Abrigo

DECEMBER 16, 2014

Lending standards continue to relax, according to data from the OCC’s 2014 Survey of Credit Underwriting Practices. Source: OCC 2014 Survey of Credit Underwriting Practices, December 2014. This is the third year in a row the OCC has reported a decrease in underwriting standards for commercial and retail loans.

Lending 223

Lending Survey Training Retail 223

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print.

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

NOVEMBER 1, 2016

The number of global payment cards will grow by 28 percent to 17 billion by 2021. In the newest global payment cards research released on Oct. 31, RBR said that debit card numbers are growing faster than credit cards, which is a trend that will continue. Card numbers in those areas will be up between 10 and 13 percent.

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Cards Payments Regional Study 100

Bank Innovation

MARCH 10, 2016

And with it the 15 basis points Apple gets for including the banks’ cards in their Read More. Apple launched Apple Pay on Sept. It became available on Oct. 20 of that year. As the two-year mark approaches for Apple Pay, the contracts written with financial institutions back then will start to expire.

Apple 150

Apple Payments Cards Groups 150

Gonzobanker

DECEMBER 5, 2024

This year has delivered many that wasnt on our digital 2024 bingo card moments for our industry. Candescent, more like phosphorescent Picture it: Duluth, Georgia, 2014: Its a new year, and bankers are returning from a much-needed break to learn that NCR acquired Digital Insight in a $1.65 billion cash deal.

Digital Banking 157

Digital Banking Capital UX Innovation 157

PYMNTS

OCTOBER 20, 2020

The launch of the Apple Pay mobile wallet has long been seen as Apple’s attempt at replacing consumers’ use of plastic cards for in-store purchases as their primary payment method. To what extent has it succeeded in changing consumers' use of plastic cards at the point of sale (POS) in physical stores? Today, Oct.

Apple 198

Apple Mobile Cards Payments 198

Gonzobanker

AUGUST 3, 2023

The time has come for some truth on the world of payment card flips. disrupted banks’ income on debit cards. had in 2011, they’re likely to see an 18% to 25% volume shift from signature to PIN card transactions by the end of 2025. And the threat of disruption on credit cards looms large.

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Cards Payments Branding ATM 129

PYMNTS

MAY 19, 2020

million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). The FTC said that Ko operated First Pay Solutions LLC, an independent sales organization (ISO) affiliated with First Data, from 2012 to 2014.

Fraud 166

Fraud Data Cards Operations 166

Abrigo

DECEMBER 2, 2014

To provide a report card on industry status and performance, the FDIC publishes a Quarterly Banking Profile. Compared to the second quarter of 2014 and the third quarter of 2013, loan growth continues to increase. Loan balances grew almost two percent over the second quarter of 2014, and almost five percent year-over-year.

Community Bank 207

Community Bank FDIC Community Industry 207

PYMNTS

DECEMBER 21, 2020

Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. Kount 's Gary Sevounts told PYMNTS recently that more advanced ways are needed to look at accounts, assessing whether even verified accounts are trustworthy through looking at email addresses, card numbers and more.

San Francisco 245

San Francisco Innovation Fraud Capital 245

PYMNTS

APRIL 29, 2020

Brazil-based, digital-only FI Nubank has had to tackle such issues since it launched in 2014. Vélez explained that Nubank always enters a market by launching a credit card as its first product, only later following this up with debit offerings. … [They’re] using the card and it’s up to them to pay or not to pay,” Vélez explained.

Digital Banking 263

Digital Banking Cards Trends Online 263

PYMNTS

NOVEMBER 17, 2016

16) the launch of its Universal Card Link Connector, which enables industry operators in the amusement and arcade industries to connect cashless payment options, such as credit and debit cards and mobile wallets, to their equipment. In a press release , USA Technologies said it developed the connector due to guidelines out in Nov.

Technology 100

Technology Cards Guidelines Video 100

PYMNTS

OCTOBER 7, 2020

enosix, which was started in 2014, offers integration technologies between front-end infrastructure and SAP systems. In separate news, Brex joined forces with SAP Concur to allow its customers to revamp and automatically reconcile their credit card expenses via Concur Expense.

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Analytics Cards Technology Software 201

PYMNTS

SEPTEMBER 15, 2020

VenueNext’s website says the company was started in 2014, and is now “transforming the way fans shop, order and pay.” That’s because many consumers, along with workers, have become wary of using cash and physical credit cards to make purchases. This has led to the increased use of contactless cards and mobile wallets.

Mobile 187

Mobile Cards Technology Report 187

PYMNTS

OCTOBER 8, 2020

Marqeta , the high-flying card issuing platform, is getting a financial boost from a longtime business partner, Mastercard. The California-based FinTech, whose open API platform enables companies like Square, DoorDash and Instacart to issue credit and debit cards and process payments, announced Thursday (Oct.

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Cards California Regional America 164