Payments Dive

FEBRUARY 13, 2020

Mike Rittler, general manager of retail card services and personal lending at TD Bank, shares his insight on trends, transformative innovation and how the 'traditional check out' experience is on its way out.

Lending 418

Lending Trends Innovation Retail 418

Payments Dive

FEBRUARY 20, 2024

The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

Capital 386

Capital Lending Cards 386

PYMNTS

JUNE 2, 2020

Plutus , a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike , Cointelegraph reported. Users have to utilize the Plutus Visa card as they shop through the web to get the benefit. The rewards are made with Pluton, the native digital currency of the company.

Bitcoin 283

Bitcoin Lending United States Online 283

PYMNTS

OCTOBER 1, 2020

Goldman Sachs has beat out competitor Barclays to buy General Motors (GM)'s credit card business, according to a report from The Wall Street Journal (WSJ). billion, and it furthers Goldman Sachs' push into Main Street lending. Without a well-known brand or branches, Goldman has turned to partnerships like the Apple Card , which had $4.5

Cards 264

Cards Apple Lending Maine 264

PYMNTS

SEPTEMBER 20, 2020

Cape , a new Australian FinTech made up of professionals in finance, is debuting its new “recession fighting” credit card, powered by open banking and intended to allow access to new functions like buy now, pay later (BNPL), according to a report from AltFi.

Cards 254

Cards Fintech Management Lending 254

PYMNTS

OCTOBER 7, 2020

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs. American Express rolled out co-branded cards with Amazon for British SMBs.

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Cards Innovation United States Branding 248

Perficient

JANUARY 24, 2023

As a baseball card collector since childhood, I remember when eBay opened its URL back in 1995. One could buy and sell baseball cards on the site but had to mail a check, or await the arrival of a check, via snail mail. Baseball card heaven for both buyer and seller. Consider the evolution of eBay.

Branding 472

Branding Cards Strategy US 472

PYMNTS

SEPTEMBER 23, 2020

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Aussie Alt-Lender Execs Team Up For Corporate Card.

Cards 219

Cards Mobile Payments Lending 219

PYMNTS

JANUARY 27, 2021

Although commercial cards are evolving to gain traction in more B2B payment scenarios — particularly, accounts payable (AP) — new challenges emerge that can slow down the rate of adoption. Billtrust, REPAY Drive Virtual Card Adoption. Tat Capital Debuts Value-Add For Corporate Cards.

Cards 237

Cards Capital Security Compliance 237

PYMNTS

SEPTEMBER 2, 2020

As consumers pay down credit card debt – in some cases with the aid of stimulus checks – and are ever wary about their financial situations, issuers have been muted when it comes to rolling out new cards. It may seem like a dubious time to introduce a new card. The card offers 3 percent cash back on dining and at drug stores.

Cards 283

Cards Report Lending Meeting 283

Bank Innovation

OCTOBER 7, 2019

The point-of-sale loan is evolving to a digital card that feels like a credit card but isn’t nearly as tough on customers’ budgets. On Monday, point-of-sale lender Affirm rolled out a new app that allows customers to shop at “virtually any store” and split their payments over time.

Cards 265

Cards Payments Lending 265

PYMNTS

SEPTEMBER 24, 2020

is collaborating with Goldman Sachs Bank USA on digital transaction banking, while Sezzle has created a partnership with digital financial services company Ally Lending. BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options. Sezzle has formed a partnership with digital financial services company Ally Lending.

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Lending Analytics Technology Software 226

Bank Innovation

JANUARY 15, 2020

Despite advances in banking and personal finance technology, paying credit card bills in a simple, time-efficient way is still a pain point for many consumers. households revolved credit card debt from month to month last year. According to recent research, 37% of U.S.

Cards 273

Cards Payments Technology Lending 273

Bank Innovation

MARCH 5, 2020

Brex, the corporate card and financial product startup, has partnered with human resources company TriNet to reach new customers through exclusive rewards. Brex aims to reach the more than 18,000 TriNet client companies through cash-back rewards on coffee, gyms and food delivery with the tie-up.? “If

Cards 54

Cards Resources Company Customer Experience 54

CFPB Monitor

MAY 16, 2022

The CFPB recently issued its annual fair lending report covering its fair lending activity in 2021. . Small business lending—assessing whether there are disparities in application, underwriting, and pricing processes, redlining, and whether there are weaknesses in fair lending-related compliance.

Lending 148

Lending Report Memphis Tennessee 148

PYMNTS

OCTOBER 7, 2020

Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported Wednesday (Oct. Revolving debt — mainly credit card debt — as reported by the central bank declined by $9.4 Economic forecasters surveyed by Bloomberg had, in the whole, predicted an increase in credit card spending.

Cards 178

Cards Lending Maine Survey 178

PYMNTS

MARCH 25, 2020

Nexo , the digital currency lending platform, is now letting retail investors utilize PAX Gold as loan collateral, Cointelegraph reported. Last year, Nexo was launching a Mastercard-branded digital currency credit card that was to allow consumers to spend the value of their cryptocurrency.

Lending 181

Lending Bitcoin cryptocurrency Cards 181

PYMNTS

JULY 10, 2020

Although commercial card products can offer working capital benefits on both ends of the B2B transaction, adoption lags behind other digital payment methods in accounts payable (AP) departments. And with the pandemic all but wiping out business trips, the commercial card could be at a crossroads. General acceptance is not there.

Cards 201

Cards Capital Payments Maine 201

Bank Innovation

JANUARY 22, 2020

Brex, a corporate card and financial product startup aimed at businesses, plans to broaden its product ecosystem beyond bank accounts and cards.

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Lending Innovation Cards Operations 273

PYMNTS

FEBRUARY 19, 2020

In the roughly six decades the card networks have been powering payments at the physical and digital points of sale, it’s hard to imagine that their ubiquity wasn’t always a given. version of card-based payments at the physical point of sale was far more fragmented and much more merchant-centric.

Lending 188

Lending Cards Payments Millennials 188

Perficient

APRIL 18, 2024

Without open banking, consumers struggle to switch between bank deposit and lending offerings. For example, switching checking accounts to one with a better interest rate involves resetting direct deposits and recurring bill-paying, printing new checks, and obtaining a new ATM card.

Cards 221

Cards Data Regulation Apple 221

PYMNTS

OCTOBER 15, 2020

But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that in some cases, consumer spending and card activity might be emerging from the most recent depths spurred by the pandemic. At least in terms of third-quarter results that gave insight into card spending and charge-offs. “As

America 220

America Cards Mobile Management 220

South State Correspondent

MARCH 3, 2025

Germain Depository Institutions Act of 1982 enabled thrifts to offer money market accounts and expand lending powers, fostering competition with banks. of C&I lending. In 1980, all foreign-controlled banks composed about 13% of commercial lending. The Garn-St. By 1988, this share increased to 8.5%.

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FDIC Trends Management ATM 195

PYMNTS

JUNE 26, 2020

Small business lending emerged as a common theme in this week’s B2B venture capital roundup, and it’s no surprise, considering the role small and medium-sized businesses (SMBs) play in supporting their local economies. million round for India-based small business lending platform Aye Finance, the company recently revealed.

Capital 288

Capital Lending Cards United States 288

PYMNTS

JULY 12, 2020

Earnings from lending and interest are strained, WSJ reported, with low funding costs due to a record dash to cash from companies and individuals looking at putting money in noninterest-bearing accounts. The PPP was left with around $130 billion in funding, due in part to businesses not using it.

Lending 181

Lending Report Trends Cards 181

PYMNTS

OCTOBER 14, 2020

On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. Wells Fargo also saw heightened debit card usage during Q3. Debit card point-of-sale purchase volume hit $102.9 The bank said that was predominantly due to increased consumer spending.

Cards 206

Cards Operations Report Mobile 206

Bank Innovation

OCTOBER 11, 2019

Banks and digital lenders may be throwing their weight behind point-of-sale loans instead of credit cards, but personal loan company Upgrade is launching a product that straddles both product categories.

Cards 199

Cards Payments Company Lending 199

Payments Dive

FEBRUARY 21, 2024

While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.

Capital 221

Capital Lending Regulation Cards 221

Bank Innovation

AUGUST 9, 2019

In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, speaks with Alyson Clarke, principal analyst at Forrester Research, about the following developments: With the much-awaited launch of Apple Card, the tech giant has taken a page […].

Apple 210

Apple Cards Video Fintech 210

South State Correspondent

OCTOBER 30, 2024

We excluded specialized bank (bankers’ banks, credit card banks, etc.). We will outline the strategy for commercial lending, but similar steps can be utilized for deposit gathering, consumer lending, or wealth management. We analyzed various community bank asset bands (under $10B size).

Community Bank 195

Community Bank Community Management Operations 195

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. Although this is certainly expensive for merchants, it has proven to be a worthy investment.

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

NOVEMBER 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others.

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Cards Payments San Francisco Tools 196

Independent Banker

JUNE 30, 2022

As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed. Remember, not that long ago, when a loan card was handwritten on a one-page form? You would just rip off the top sheet, fill out the terms and provide a description of the collateral.

Lending 141

Lending Idaho Nevada Oregon 141

Bank Innovation

MARCH 5, 2020

Brex, the corporate card and financial product startup, has partnered with human resources company TriNet to reach new customers through exclusive rewards. Brex aims to reach the more than 18,000 TriNet client companies through cash-back rewards on coffee, gyms and food delivery with the tie-up.? “If

Cards 195

Cards Resources Company Customer Experience 195

PYMNTS

DECEMBER 21, 2020

The largest declines were from credit card and credit limit requests, with auto loans in second place. The increase was largest for those with credit scores below 680 as the lending standards were tightened throughout the pandemic in order to curb the effects of loans that wouldn't be paid back due to the economic crisis.

New York 299

New York Survey Cards Report 299

PYMNTS

OCTOBER 2, 2020

In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. for General Motor's Credit Card Business. Goldman Sachs will buy General Motors’ credit card business for approximately $2.5 European Central Bank Outlines Use Cases for Digital Euro.

Cards 193

Cards Payments Atlanta Google 193

PYMNTS

MAY 4, 2020

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. The sample size was 2,552 adults, including 1,230 adults with personal credit card debt.

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US Survey Cards Study 243