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

PYMNTS

JANUARY 13, 2021

All eyes are on the small business community in the commercial card world as industry players increasingly explore how card products can help Main Street recovery and stay in business. Small Business Card Use On The Rise. Use of a charge card similarly grew year over year from 23 percent to 31 percent.

Cards 167

Cards Apple FDIC Samsung 167

PYMNTS

JULY 9, 2018

Over a period spanning from the end of April to the middle of June, the party made use of user names and passwords to log in to customers’ accounts, and then gained access to names, email addresses, phone numbers, birthdays and payment card information. The website Orbitz.com was not impacted.

Online 134

Online Data Detroit Retail 134

PYMNTS

AUGUST 13, 2020

Waze, the popular GPS navigation app owned by Google, has introduced contactless payments for ExxonMobil and Shell card holders in the U.S. Google, the world’s dominant online search engine, has faced growing regulatory scrutiny in recent years. country manager, in a statement. country manager, in a statement.

Rhode Island 346

Rhode Island Google Payments Florida 346

Bank Innovation

JUNE 15, 2016

Bank Innovation Israel 2016 registration has officially opened today. The only Western fintech event in Startup Nation, the 2016 Bank Innovation Israel will take place 1-3 November at the Dan Tel Aviv. The event is presented by Bank Innovation, one of the world’s leading fintech blogs.

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Innovation National Fintech social media 150

PYMNTS

MAY 19, 2020

I Works asked consumers to provide their credit or debit card information to pay a $1.99 In 2016, I Works owner and CEO Jeremy Johnson and other defendants in the massive online billing scheme, agreed to settle FTC charges that they took more than $280 million from consumers, according to the FTC.

Online 179

Online Utah Cards Operations 179

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

Innovation 150

Innovation Seattle Fintech Company 150

Bank Innovation

SEPTEMBER 27, 2016

Consumer card transactions will overtake cash transactions for the first time in 2016, according to global research firm Euromonitor International. Cash is expensive to manage and is extensively used in the underworld.

Cards 150

Cards Fraud Management Online 150

PYMNTS

SEPTEMBER 29, 2020

But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. At a high level, noted the Federal Reserve, between 2016 and 2019, real gross domestic product grew at an annual 2.5 Between 2016 and 2019, the proportion of all families that saved increased from 55 percent to 59 percent.

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Survey Online Report Course 131

PYMNTS

OCTOBER 17, 2018

Fraudsters Prize Payment Via iTunes, Walmart Gift Cards. Losses due to this type of fraud reached $40 million in 2017, an increase from $20 million in 2015 and $27 million in 2016. Amazon entered into the prescription drug delivery business through its $1 billion acquisition of online pharmacy company PillPack, which took about $12.8

Cards 155

Cards Fraud Payments Online 155

Bank Innovation

FEBRUARY 23, 2017

billion in payments in the fourth quarter of 2016, compared with $10.2 Mobile payments company Square grew its gross payment volume 34% over last year, and its loans through Square Capital were up twice that — 68%. The San Francisco-based company processed $13.7 billion in the same quarter last year. Read More.

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PYMNTS

DECEMBER 8, 2019

The Apple Card is planning to offer 0 percent installment financing on iPhones by the end of 2019, 9to5Mac reported on Saturday (Dec. During Apple’s October earnings call , chief executive officer Tim Cook hinted that the Apple Card was planning 24-month 0 percent financing for iPhone purchases. Apple Card?

Apple 139

Apple Cards Branding Retail 139

PYMNTS

NOVEMBER 3, 2019

Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. According to regulatory filings made public this week, Apple Card? There are no fees with the card, and it integrates with Apple Pay and the iOS Wallet app.

Apple 129

Apple Cards Branding Retail 129

PYMNTS

MARCH 19, 2018

Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend. In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports.

Fraud 153

Fraud Cards eBook Data 153

PYMNTS

NOVEMBER 3, 2019

Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. According to regulatory filings made public this week, Apple Card? There are no fees with the card, and it integrates with Apple Pay and the iOS Wallet app.

Apple 127

Apple Cards Branding Retail 127

PYMNTS

MAY 2, 2017

A business run by self-proclaimed nuns is making a living by selling “healing” pot online. In 2016, Sisters of the Valley generated roughly $750,000 in sales of its line of salves, tinctures and oils derived from hemp, a type of cannabis plant that contains only trace amounts of the psychoactive ingredient in weed. “No

Online 129

Online Policies US Security 129

Bank Innovation

FEBRUARY 16, 2016

Netflix, Uber, Facebook, AirBnB, Spotify., What do they have in common? In terms of payments, they all use the services of Adyen, the Amsterdam-based payments giant. Adyen operates in more countries and currencies than competitor Stripe, and serves large, international operations, while Stripe works with startups and developers.

Branding 170

Branding Operations Payments Online 170

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.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

Perficient

MARCH 23, 2021

We first began publishing this study in 2016. Mobile vs. Desktop 2016 (published 2017). users spend more time on sports, books and literature, and in online communities. Global users spend notably more time than Americans in online communities and on social networks and finance. Tablet data is also included.

Mobile 421

Mobile Study Community Industry 421

PYMNTS

MAY 6, 2019

government has now started accepting Apple Pay for certain online payment services. 9to5Mac reported that the government’s website is now accepting Apple Pay for four of its online services, including the Global Entry Services, the disclosure and barring service checks, the Registered Traveler Service, and the Electronic Visa Waiver Service.

Apple 176

Apple Fraud Cards Online 176

PYMNTS

OCTOBER 15, 2018

Barry Rodrigues, CEO of cards and payments at Barclaycard International, told Financial Times that the new offering would “leverage Barclays’ U.K. online bank, which already offers credit cards, savings and loans to 13 million customers. Barclays is ready to offer U.S.

Digital Banking 187

Digital Banking Cards Online Branding 187

PYMNTS

SEPTEMBER 14, 2018

Payability, a company focused on linking sellers on eCommerce platforms to financing options, is adding a corporate card product to its range of solutions. 13) that its Payability Seller Visa Card is now available to eCommerce sellers. The company announced in a press release issued Thursday (Sept.

Cards 109

Cards Online Capital Payments 109

PYMNTS

APRIL 17, 2018

A new survey has found that 45 percent of Americans are confused about their credit cards rewards, especially those involving travel. While consumers are definitely out of the loop when it comes to their rewards credit cards, they aren’t the only ones to blame,” NextAdvisor wrote in the blog post.

Cards 126

Cards Survey Study How To 126

PYMNTS

JULY 2, 2020

If you’re an online merchant, you may be all too familiar with this drill. A shopper finds you online, finds a product to buy, fills their cart and hits the checkout button. Maybe the card has expired. If it’s a debit card, bank account or prepaid card, maybe there aren’t enough funds available for the purchase.

Cards 228

Cards Online Payments Course 228

PYMNTS

JANUARY 22, 2020

Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.

Cards 131

Cards New York Lending Strategy 131

PYMNTS

SEPTEMBER 15, 2020

In an interview with Karen Webster, Vilash Poovala , founder and CEO of FinTech Oyster , said online financial platforms, powered by open banking, can serve as alternatives for business banking in a country where business banking seems an afterthought. As Poovala told Webster: “We had to get a debit card by actually creating our own startup.

System 258

System Operations Fintech Taxes 258

PYMNTS

SEPTEMBER 1, 2020

The San Francisco-based financial services giant’s decision to launch the checkless account, which has a monthly fee of $5, comes as Wells Fargo looks to reshape an image badly tarnished after 2016 revelations that bank employees opened millions of phony accounts in order to meet sales quotas.

San Francisco 234

San Francisco Payments Online Meeting 234

PYMNTS

JANUARY 26, 2021

CU members who reported shopping online at least several times a week increased by nearly 50 percent since the pandemic began last spring. Los Angeles-based immigrant-focused technology solution provider Welcome Technologies has announced that it has selected PSCU to provide processing and support services for its first credit card offering.

Tools 276

Tools Los Angeles New Jersey Trends 276

PYMNTS

JULY 6, 2020

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . Safety Concerns Encourage Contactless Card Use . consumers’ POS transactions were contactless in 2016, and only 3.5 percent of U.S. percent of U.S.

Cards 130

Cards Survey Examples Retail 130

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016.

Fraud 150

Fraud Data Cards Retail 150

Accenture

JUNE 7, 2017

trn in 2016, and is poised to grow at ~19% CAGR up to 2020¹. Source: Worldpay Global Payment Report 2016. Processors, networks and issuer businesses are dominated by cards. However, the alternative payment methods to cards are emerging rapidly, with strong adoption in eCommerce, which itself is displacing POS retail sales.

Payments 232

Payments Strategy Cards Maine 232

Bank Innovation

MAY 9, 2016

We can all agree Credit Karma, Chase Mobile, Bank of America, Wells Fargo, and PayPal aren’t leaving the Top Ten on App Annie anytime soon. But ratings and rankings aren’t everything — there’s also the cool factor. How easy is the app to use? Does it makes us feel good (even Read More.

America 150

America Mobile US social media 150

Bank Innovation

FEBRUARY 23, 2016

When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does. We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More.

Branding 150

Branding Innovation Fintech social media 150

PYMNTS

JANUARY 4, 2017

Soon, online payments might get more frictionless. Amazon’s patent on its 1-Click payment system will expire this year, meaning online buyers could soon see many other online stores adopting similar methods throughout 2017. The frictionless payment option is one of many reasons so many online customers frequent Amazon.

Online 148

Online Apple Cards Retail 148

PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. The company said it didn’t have any indication that the attacks were successful in stealing any credit card information.

Study 185

Study Cards Security Retail 185

PYMNTS

DECEMBER 6, 2019

However, the study reported that the number still is less than the 46 payments reported in October 2016. Also, the total value of payments rose by $580 from $3,419 in 2017 and is $83 more than 2016’s total value of $3,916. made over half of their payments with cards (debit, credit and prepaid) at 54 percent or 23 payments.

Study 101

Study Report Cards San Francisco 101

PYMNTS

NOVEMBER 7, 2018

Its work with Visa Europe will allow Ixaris to provide virtual cards to companies in the online travel industry. “We’re By working with Ixaris to provide virtual cards to the online travel agency industry, we can help Ixaris’ customers remove friction from a crucial stage of their business operations,” Jones said.

Payments 140

Payments Online Cards Industry 140