PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.

Cards 285

Cards Conference Groups Report 285

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. Common plans offer four-installment payments as ways to buy items.

Cards 254

Cards Fintech Management Lending 254

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

Bank Innovation

JANUARY 31, 2020

This week, the Consumer Financial Protection Bureau filed suit against Citizens Bank, alleging violations of the Truth in Lending Act (TILA), including implementing Regulation Z and the Credit Card Accountability Responsibility and Disclosure Act.

Cards 259

Cards Lending Regulation Management 259

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

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

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. Comdata Digitizes Legacy Fleet Payment Tool.

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

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.

Cards 248

Cards Innovation United States Branding 248

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. Plus, FIS has partnered with The Clearing House (TCH) on real-time payments (RTP). BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options.

Lending 226

Lending Analytics Technology Software 226

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. which is a huge draw to using BNPL as a non-cash payment method. What Are Some Buy Now, Pay Later Companies? Which one is best for me?

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. Wells Fargo Debuts Digital Supplier Payment Tool. Wells Fargo Debuts Digital Supplier Payment Tool. In Payments Services Firm Modulr.

Cards 196

Cards Payments San Francisco Tools 196

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. In Mastercard's case, that involves embracing a mix of interoperable payment rails via its Mastercard Track Business Payment Service.

Payments 297

Payments Innovation Cards Trends 297

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

PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Payments 263

Payments Resources Online Lending 263

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

PYMNTS

FEBRUARY 21, 2020

The Spending Insights tool uses data from Google Maps to find out where and when a payment was made. It also includes Payment Track’s fraud prevention capabilities, which enable users to immediately put their account on hold if they see anything suspicious. The many thousands of U.K.

Cards 160

Cards Payments Google Tools 160

PYMNTS

MARCH 7, 2019

Many countries within the EU are working fast to implement these regulations into their payment and banking ecosystems. These security concerns are also prompting many payment providers and merchants, such as Mastercard , to rethink their approaches to privacy. How PSD2 is Changing Lending in the U.K. Around the PSD2 World.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

FEBRUARY 26, 2019

26) the launch of a new service that lets users pay their rent and school expenses each month with one of its credit cards. CNBC reported that the digital payment service, dubbed PayAll, can be accessed through the Citi mobile app. Over time, Citigroup plans to add additional categories for which credit cards can be used.

Payments 183

Payments Lending Cards Mobile 183

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. The European Central Bank says Europe should be ready to adopt a digital euro so residents can access money amid the evolving retail payment landscape. for General Motor's Credit Card Business.

Cards 193

Cards Payments Atlanta Google 193

PYMNTS

AUGUST 2, 2019

To let consumers spend the value of their digital currency, instant crypto loan company Nexo is rolling out a cryptocurrency credit card that is Mastercard-branded. Additional credit is automatically and instantly available on the card upon appreciation of your crypto’s value.” dollar, the British coin and the Euro.

Cards 175

Cards cryptocurrency Bitcoin Lending 175

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

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

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

Accenture: Banking

MAY 30, 2019

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Credit card profitability remains attractive for banks with our ROA proxies increasing 43 bps YoY?. Partnership developments.

Cards 177

Cards US Taxes Apple 177

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

APRIL 14, 2020

To roll out a completely managed small business lending offering that digitizes the end-to-end loan life cycle, application development technology firm Unqork has teamed with Deloitte. Ramadi continued, “This lending service addresses these inefficiencies by quickly getting small businesses the economic relief they need.”.

Lending 160

Lending Meeting Technology Security 160

PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Ternio’s BlockCard Teams With P2P Bitcoin Marketplace Paxful for Crypto Debit Card.

Maine 148

Maine Lending Cards Bitcoin 148

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

PYMNTS

APRIL 23, 2019

Resolve, a B2B payment services firm that spun off from Affirm , provides point-of-sale (POS) financing to consumers via retailers, including Walmart. However, Tsai said “conservative-minded CFOs” in B2B, along with legacy supply chain technologies and processes, serve to slow down any progress toward new payment and transaction methods.

Payments 228

Payments Maine Lending Retail 228

Perficient

SEPTEMBER 29, 2022

This blog marks Part 1 of our Embedded Finance Blog Series and will introduce the overarching concept of embedded finance, setting us up to discuss embedded payments, embedded lending, and embedded insurance (all of which fall under the embedded finance umbrella) in future blogs. Use Cases .

Customer Experience 294

Customer Experience Software Cards Data 294

PYMNTS

MAY 8, 2020

Joining Karen Webster for the latest edition of This Week In Payments, Spreedly CEO Justin Benson sat down to remotely chat about the recent run of earnings and what they mean for the payments and commerce ecosystem’s long-term prospects. PayPal, Square and the Power of Scale in Payments .

Lending 187

Lending Payments Exercises Report 187

PYMNTS

NOVEMBER 16, 2020

American Express has enhanced its Early Pay system with digital payment features aimed at giving large businesses greater control over their ability to make and receive B2B payments, the company announced Monday (Nov. Early Pay allows suppliers to optimize cash flow by encouraging early payments in exchange for discounts.

Payments 192

Payments Cards System Strategy 192

PYMNTS

APRIL 17, 2020

Venture capitalists focused their support on corporate lending, payroll and accounts payable technologies, but it was a cross-border B2B payments company that landed the lion’s share of this week’s VC funding. Cerebro Capital.

Fintech 193

Fintech Payments Capital Lending 193

PYMNTS

OCTOBER 1, 2020

consumers and 500 microbusinesses that receive disbursements, as well as 600 companies of all sizes that make disbursements on payout options, instant payment adoption and fees for these services, among other topics. Among consumers, instant payments accounted for a little more than one in 10 of those disbursements (14 percent).

Trends 306

Trends Study Taxes Payments 306