Payments Dive

JULY 20, 2023

The card company also disclosed during its latest earnings report that a pricing issue affected merchants and merchant acquirers, some of whom will get refunds.

FDIC 195

FDIC Cards Report Company 195

Bank Innovation

JULY 11, 2019

German challenger bank N26 has partnered with San Diego-based Axos Bank to offer an FDIC-insured checking account and Visa debit card for U.S. The products, announced on Thursday, are now available to about 100,000 customers who were on the waitlist for the U.S. version of the app. The company said customers can sign up […].

San Diego 186

San Diego Cards FDIC US 186

Payments Dive

SEPTEMBER 6, 2023

The card issuer added a former FDIC regional director to its board as it grapples with regulatory scrutiny.

FDIC 221

FDIC Regulation Regional Cards 221

South State Correspondent

MARCH 3, 2025

In 1985, there were 14,417 FDIC banking charters. With deregulation and against a backdrop of increasing bank failures, the FDIC deposit insurance was raised from $40,000 to $100,000, and the ceiling savings rate was phased out. Understanding the drivers of banking consolidation is imperative when managing bank performance.

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FDIC Trends Management ATM 195

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

Abrigo

MARCH 18, 2025

checks, debit/credit cards, wire transfers, digital wallets) Clearing and settlement mechanisms for processing transactions accurately and securely Payment systems are critical to the nations financial infrastructure and are vital to the financial stability of the U.S. Payment card networks in the U.S. accounts reached 387.7

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System Payments Fraud Regulation 195

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. FDIC) is looking to modernize bank reporting. Consumers Sour On Travel Rewards Cards. FDIC Looks To Modernize Bank Reporting.

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FDIC Cards Payments Regulation 142

PYMNTS

MAY 23, 2019

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. The company plans to market its card to credit-wary millennials who want to avoid getting into a deep debt cycle, but who also want the incentives of owning a credit card.

Cards 135

Cards Millennials FDIC ATM 135

PYMNTS

FEBRUARY 24, 2016

That growth, the FDIC said, came mainly from a $6.8 More than half of the 6,182 institutions that reported to the FDIC showed growth year over year in earnings in the latest quarter. The Federal Deposit Insurance Corp. said on Tuesday (Feb. billion in the last quarter, which was up 11.9 percent from the previous year.

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FDIC Community Bank Maine Community 100

PYMNTS

MAY 28, 2020

Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. A survey by Welcome Technologies of 10,000 immigrants found that only 44 percent used credit cards and 54 percent had savings accounts, the release states.

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Mobile US FDIC Survey 248

PYMNTS

DECEMBER 23, 2020

The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. 2021 And Beyond.

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Fintech Cards FDIC Lending 322

CFPB Monitor

JANUARY 25, 2021

Unless Rakuten’s most recent application is granted before that date, Rakuten’s FDIC insurance application, if approved by the FDIC, would subject Rakuten to the terms of the Rule. Rakuten’s first FDIC deposit insurance application was filed in July 2019, and was withdrawn in March 2020.

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FDIC Utah America Financial Technology 78

PYMNTS

DECEMBER 16, 2020

Plus, Barclaycard is launching a Barclaycard Precisionpay Go system to let companies issue virtual cards for the online business expenses for employees. . The rollout makes Quontic “the first FDIC insured financial institution in the U.S. to go live with a Bitcoin Rewards debit card,” according to an announcement. Aeldra’s U.S.

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Bitcoin FDIC Cards California 157

PYMNTS

JUNE 10, 2019

Uber has about 93 million active users around the world, and the majority use Uber Cash or a credit card to pay for rides or food. This would line up with Uber’s existing products like Uber Cash, Uber Rewards or its credit card. Uber Cash provides discounts when users fund its electronic wallet.

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Fintech San Francisco FDIC New York 214

PYMNTS

JULY 26, 2019

FDIC) and the state of Utah for an industrial loan company (ILC) charter. The company also wants to give members a credit card to make purchases in the future and also earn rewards. . “We ILCs can sidestep banking company holding requirements while still getting FDIC guarantees on deposits, which means that retail firms can have them.

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Fintech Utah US FDIC 192

Bank Innovation

DECEMBER 10, 2016

Bank depositors get tax-payer funded insurance in many jurisdictions (such as FDIC in America) in case a bank goes bankrupt. People paying by Credit Card can fight back against a fraudulent charge. Your Bitcoin in Mt.Gox or BitFinex….buyer buyer beware. Once you send those Bitcoin it is like handing over cash…buyer Read More.

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Bitcoin FDIC Taxes America 150

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. Using i2c’s integrated platform, CashFlows can offer potential clients a more extensive range of pioneering solutions. “We

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Cards Payments Digital Banking FDIC 131

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. Using i2c’s integrated platform, CashFlows can offer potential clients a more extensive range of pioneering solutions. “We

Cards 130

Cards Payments Digital Banking FDIC 130

PYMNTS

JULY 20, 2017

Holders of the new prepaid card from Netspend will rack up frequent flyer miles for every dollar they spend on qualifying purchases. The MileagePlus GO Visa Prepaid Card is the only prepaid card to let customers earn United Airlines’ United MileagePlus reward miles. The card is FDIC-insured through Republic Bank & Trust Co.

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Cards Austin FDIC Texas 100

PYMNTS

DECEMBER 10, 2019

N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. Since the initial product launch in 2015, N26 has reached more than 3.5 million customers in 25 markets in Europe. N26 started rolling out in the U.S.

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Digital Banking Cards US FDIC 131

PYMNTS

MARCH 26, 2020

million recipients faster through Direct Express, where Comerica Bank acts as the Treasury Department’s financial agent for prepaid debit cards. Visa’s own push payments offerings come through Visa Direct , which “reverses” payment flows across the Visa network, enabling real-time payouts to debit and re-loadable prepaid cards.

Cards 252

Cards Course FDIC Payments 252

American Banker

MARCH 7, 2024

Deterioration in commercial real estate and credit card lending is a concern, FDIC Chairman Martin Gruenberg says. Net income at the nation's more than 4,000 banks dipped markedly in the final quarter of 2023, though for the full year it exceeded pre-pandemic averages.

FDIC 73

FDIC Report Lending National 73

PYMNTS

NOVEMBER 9, 2020

percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. Another FDIC report found that 31 percent of American consumers are now using peer-to-peer (P2P) mobile wallet apps, for example. This represents a noted reversal from trends of the past decade.

Tools 203

Tools Mobile FDIC Examples 203

PYMNTS

JULY 15, 2020

with an app and debit card, is expanding its range of services into the realm of cryptocurrency trading with a big assist from Paxos. debut in March, teaming up with Metropolitan Commercial Bank to offer FDIC -insured accounts that can be opened and accessed through smartphones. In a Wednesday (July 15) press release, Paxos Trust Co.

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US cryptocurrency FDIC Compliance 233

PYMNTS

OCTOBER 28, 2019

28) at the Money20/20 conference, BlueVine Business Banking connects small businesses to checking account services and a debit card: the BlueVine Business Debit Mastercard. Banking services are provided via a collaboration with The Bancorp Bank, Member FDIC. Announced on Monday (Oct.

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Cards FDIC Meeting Online 101

PYMNTS

OCTOBER 19, 2020

The release says the mobile app will also come with a prepaid debit card that can be used anywhere. and comes with other benefits like off-cycle payments, patented checks and optional prepaid debit cards, allowing workers full access to their pay through those solutions. The new solution is compliant with wage laws across the U.S.

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FDIC Resources Cards Payments 140

PYMNTS

JUNE 9, 2020

percent APY, an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,” per the announcement. The Affirm Savings account comes with 1.30 As a result, it claims that many hope to steer clear of them.

FDIC 151

FDIC Millennials Google Payments 151

PYMNTS

SEPTEMBER 18, 2020

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.

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Los Angeles UX Cards FDIC 231

PYMNTS

DECEMBER 2, 2020

Step customers get a bank account that is insured by the FDIC, as well as a secured spending card backed by Visa and the P2P payments platform. Users can transfer funds in real time without any fees.

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Fintech FDIC Management Resources 217

American Banker

FEBRUARY 19, 2021

Brex currently relies on bank partners to offer credit cards and cash management accounts to small and midsize businesses. It is looking to charter its own FDIC-insured institution to be a direct provider.

Resources 99

Resources FDIC Fintech Cards 99

CFPB Monitor

OCTOBER 20, 2016

On October 17, the FDIC released revised interagency Military Lending Act (MLA) examination procedures for use in connection with consumer credit transactions occurring on or after October 3, 2016. The FDIC also provided guidance on its initial supervisory expectations for examinations relating to MLA compliance.

FDIC 60

FDIC Compliance Training Lending 60

PYMNTS

FEBRUARY 7, 2020

“We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. The Robinhood cash management feature is offered in partnership with a bank, and includes debit cards, and, critically, deposits backed by the Federal Deposit Insurance Corporation (FDIC).

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United States FDIC Millennials cryptocurrency 150

CFPB Monitor

MAY 22, 2020

Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. The final rule removes credit cards and overdraft products from the “consumer loans” for which banks can receive CRA credit. The final rule applies to national banks and federal savings associations.

FDIC 78

FDIC Lending Retail Compliance 78

Payments Source

MARCH 7, 2018

The major prepaid card issuer agreed to the penalty to settle allegations that it had charged higher fees than what was disclosed to customers.

FDIC 63

FDIC Cards 63

PYMNTS

APRIL 24, 2020

India’s KarbonCard , a FinTech that offers startups in India and Southeast Asia with corporate card solutions, secured $1 million in new funding from Orios Venture Partners, Whiteboard Capital, and others, according to YourStory reports. As an FDIC insured bank in the U.S., next year.

Fintech 193

Fintech Capital Security Digital Banking 193

Payments Source

FEBRUARY 19, 2021

Brex currently relies on bank partners to offer credit cards and cash management accounts to small and midsize businesses. It is looking to charter its own FDIC-insured institution to be a direct provider.

Resources 87

Resources FDIC Fintech Cards 87

PYMNTS

SEPTEMBER 21, 2020

It's the combination of these technologies that becomes powerful.". Dhala told Webster that when it comes to leveraging AI in the fight against transaction fraud, FIs “don't know exactly where they should be starting from.”.

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Fraud Report System FDIC 347