PYMNTS

JANUARY 21, 2019

Innovation is good, but flexibility and agility count, too — as does striking while it’s hot. DBI) , an employee benefits administrator, by financial technology services company WEX. Earlier in January, WEX announced a partnership with voice technology company AI.io The deal comes amid a busy period for WEX.

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PYMNTS

OCTOBER 9, 2019

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. However, the distance between an average annualized rate and a prime rate on credit cards is getting bigger; at the end of August, it was almost at its largest amount ever. million in Q2.

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Cards Kansas City Kansas Lending 152

PYMNTS

JUNE 29, 2020

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Last month, PYMNTS reported EedenBull rolled out its commercial card platform to banks to take advantage of improved B2B payment capabilities.

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Chris Skinner

MAY 18, 2017

Banking and innovation doesn’t go together. Innovation creates risk and risk is unacceptable in a financial marketplace. So it’s interesting how we’ve spent the last five years talking about sandboxes, creativity and design in financial technologies. The idea is to innovate outside the markets.

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Innovation Financial Technology Marketing Examples 261

PYMNTS

JANUARY 7, 2019

Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. Digital financial technology company Wirecard and online travel agency Ctrip are rolling out multi-currency Visa cards to Ctrip customers in China, Wirecard said in an announcement. In addition, U.K.

Cards 168

Cards Groups Payments Regional 168

Perficient

JULY 11, 2022

Afterpay does not perform a hard credit check on users, but it can still affect credit if users have a credit card as the form of payment connected to their Afterpay account or if they fail to pay back their loans. The Congressional House Financial Services Committee held a hearing last fall, “Buy Now, Pay More Later?

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Fintech Trends Apple South Dakota 474

Bank Innovation

JANUARY 10, 2018

EXCLUSIVE – Fintech startup Greenlight Financial Technology has just added a new feature that helps kids understand tricky concepts like interest, APR and savings accounts. The feature allows the […].

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PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. B2B Payments Outlook.

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PYMNTS

SEPTEMBER 16, 2019

billion cards, which makes up about 57.6 percent of the cards in circulation around the world. As the world’s largest card scheme in terms of card issuance, UnionPay will be one of our key alliances in Asia,” said Georg von Waldenfels, EVP of group business development at Wirecard. UnionPay has issued more than 7.59

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Bank Innovation

SEPTEMBER 20, 2017

One such fintech is Greenlight Financial Technology. EXCLUSIVE – One thing is clear: more and more fintechs are looking to create better interaction to engage users. Besides the obvious social media channels, another social phenomenon which seems to be advancing is gamification.

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PYMNTS

OCTOBER 4, 2019

That raises several questions for financial institutions (FIs), FinTech firms and payment service providers as they figure out how to best navigate this changing world. Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. Recent Trends. Basic Question.

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Payments Cards Trends Fintech 176

PYMNTS

JUNE 23, 2020

Braun faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet to make it look more appealing to investors and customers. Verizon Debuts Visa Credit Card With Rewards. NEW DATA: How Credit Unions Are Innovating To Help Micro Businesses.

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Payments Survey Innovation Fraud 159

PYMNTS

APRIL 9, 2020

With Visa and Mastercard each having made significant investments to capture more of the SMB segment through an array of payment rails, including card, ACH, and proprietary networks, SWIFT is joining a competitive landscape that aims to overhaul the payment rail status quo. Billhop Eases B2B Card Acceptance.

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PYMNTS

OCTOBER 17, 2016

14) it launched a chip card technology licensing cooperation with seven members of the Asian Payment Network (APN). In a press release , UnionPay said this marks a new breakthrough in the “Going Global” of China’s financial technology standards. UnionPay announced Friday (Oct.

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PYMNTS

AUGUST 4, 2017

The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system. faster payment system.

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PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

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PYMNTS

FEBRUARY 28, 2020

There also tend to be many different card processors and different kinds of payment methods. It takes significant financial resources to maintain the entire payment contraption — and it also requires funding to add to that system from a capital improvement or innovation perspective in addition to the people costs.

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PYMNTS

MAY 26, 2017

Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. Analysis from Expert Market found that some small businesses in the U.K.

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PYMNTS

OCTOBER 9, 2018

“Flint is a financial technology pioneer who has an incredible track record of building and scaling companies,” said Bento for Business CEO and Co-founder Farhan Ahmad in a statement. The company offers business owners a commercial card linked to a digital platform on which they can control and analyze spend.

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PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Moving Beyond ACH . There need to be governance models. There need to be regulatory models around it.”.

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PYMNTS

SEPTEMBER 19, 2019

Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence (AI)-assisted bank account with a Mastercard debit card, Mastercard said in a press release on Thursday (Sept. There is a waiting list in the U.S. million-plus millennials in the country. .

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PYMNTS

NOVEMBER 17, 2020

Traditional banking isn't built to serve small businesses, and financial technology is quickly filling that gap,” he said, according to the release. And on the flipside, lenders and service providers need data to innovate faster and deliver better offerings. This demand is made far more urgent by COVID-19.

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Tools Capital Analysis Data 167

PYMNTS

FEBRUARY 12, 2020

As the most innovative player in financial technology, Stripe was the clear choice for us,” said Esker CEO Jean-Michel Bérard. Customers of Esker can collect on invoices using a variety of payment methods, including credit and debit cards as well as direct debit payment services. Latin America, Asia and Europe.

Payments 174

Payments Customer Experience Regional America 174

Bank Innovation

AUGUST 27, 2018

In the second quarter alone, funding for financial technology companies around the world reached $20.3 Fintech funding this year has been on the rise. billion in nearly 400 deals. Right now, venture capital firms, banks, and investors are pouring funds into companies Artifical Intelligence, the clear flavor of the year.

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Capital Financial Technology Fintech Technology 210

PYMNTS

JULY 30, 2020

The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. Last month, Galileo launched what it called a faster and less expensive way to create debit cards.

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San Francisco User Experience Cards Customer Experience 159

PYMNTS

MARCH 14, 2019

Canadian financial technology provider Central 1 is linking its credit union customers to a new solution designed to streamline accounts receivable for small businesses. The tool links directly into small to medium-sized business (SMB) accounts, the company noted, allowing businesses to avoid the cost of card acceptance.

Payments 148

Payments Tools Online Innovation 148

PYMNTS

MAY 5, 2020

Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. APIs allow banks and technology providers to coordinate development much more easily, enabling the creation of innovative new products and services for functions such as B2B payments.

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Payments United States Software Cards 200

PYMNTS

MAY 17, 2019

In other recent funding news in the financial technology space, Barclays invested $12.9 The firm enables customers to store as well as view their loyalty cards on a phone and connects payment cards for rewards and points. The company is headquartered in London and New York. million in Bink per reports in February.

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PYMNTS

AUGUST 12, 2019

Simply put, that means consumers’ retail experiences tend to inform their expectations for financial services, said Jim Johnson, executive vice president of FI payments and wealth for FIS , in a new PYMNTS interview with Karen Webster. It sometimes requires working with other financial technology companies.”. Recent Progress.

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Payments Fintech US Innovation 188

PYMNTS

JULY 26, 2017

Developers platforms have quickly gone from being cutting edge to being something like table stakes for serious financial technology players, as Karen Webster observed in a recent conversation with Vantiv’s Head of Developer Integration’s Matt Ozvat — “it feels a bit like everyone out there has their own version of a platform for the developer.”.

Innovation 116

Innovation Cards Compliance Community 116

PYMNTS

JANUARY 21, 2019

The firm’s Business Leaders Outlook report, published earlier this month, found that the majority of SMBs expect revenue, sales and profit increases in 2019, with executives turning to hiring activity and technological innovation as drivers of their success. However, financial transformation is complex. A Holistic View.

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System Payments Technology Tools 188

Bank Innovation

FEBRUARY 8, 2019

Fresh off its January announcement to acquire payments processor First Data Corporation, financial technology vendor Fiserv seems to be banking on a breakout year for the bank-backed P2P payment service Zelle.

Financial Technology 170

Financial Technology Data Payments Technology 170

PYMNTS

APRIL 18, 2019

Now, Wave’s small business customers can access their sales instantly, using Visa Direct rails and their debit cards. The Wave financial technology platform, he said, at base, is designed to handle the bookkeeping and tax complexities for its micro-merchant customers as they generate invoices and collect funds.

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Taxes Payments Cards User Experience 226

PYMNTS

DECEMBER 18, 2020

financial executives found that 91 percent were investing in financial technologies intended to help with newly remote operations. The firms were especially interested in deploying automated and advanced learning technologies. That’s one reason (two, really) that virtual cards are so popular now: control and transparency.

Payments 160

Payments Cards Report Tools 160

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. AML Strategies and Innovation Quirks. Changing AML with AI and ML.

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Strategy Innovation Security Fraud 123

Bank Innovation

FEBRUARY 6, 2017

INV Fintech, the sister accelerator to this site, is pleased to announce its inaugural episode of INV Unfiltered — a new monthly podcast series, which will cover current trends and intriguing topics in financial technology and beyond.

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Fintech Financial Technology Trends Technology 150

PYMNTS

AUGUST 23, 2019

FinTech service provider WEX signed on with Phillips 66 to handle exclusive private label and universal fleet card services, Verdict reported on Wednesday (Aug. WEX and Phillips 66 have partnered since 2010, the release said, to develop a sales and marketing program that depends on new payment technologies for fleet customers.

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United States Cards Branding Payments 100