PYMNTS

MARCH 4, 2020

The biggest news from the commercial card world this week came from American Express, which is facing allegations that it mistreated small business customers to hike card approval numbers. According to Bloomberg reports this week, American Express is the largest commercial card issuer on the planet, with a market value of $92 billion.

Cards 141

Cards Google Management Fintech 141

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

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

PYMNTS

MAY 27, 2020

This week’s look at the latest in payments rails innovation finds players including Mastercard, Aflex and Paycor targeting existing card and ACH rails to expand their use for corporates, with a focus on reconciliation, data capture and transparency. Adflex Eyes Card Rails For B2B.

Payments 231

Payments Cards Resources Compliance 231

PYMNTS

FEBRUARY 10, 2020

He handled all aspects of payment operations, including strategic planning, innovation and risk management. PSCU said in November that it predicts a rush in 2020 to adopt contactless cards. This year, PSCU anticipates that it will distribute more than 3 million new contactless cards to 100-plus credit unions.

Innovation 210

Innovation Leadership Washington Cards 210

PYMNTS

JUNE 26, 2020

Our priority is ensuring people are able to continue to use their cards,” Mastercard said. “We Wirecard Founder and CEO Markus Braun was arrested earlier this week on charges of manipulating the market and misrepresenting accounts. Mastercard told the news service it is tracking news coverage of Wirecard. He has denied any wrongdoing.

Risk Management 254

Risk Management Fraud System Report 254

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. Expertise in fraud and anti-money laundering (AML) must be represented in all new product development and marketing conversations. download NOW Takeaway 1 Fraud losses totaled $485.6

Fraud 221

Fraud Risk Management Training Software 221

PYMNTS

APRIL 2, 2020

Big Data analytics reached a market valuation of $29.87 Financial data is useful in helping banks develop wide-reaching marketing campaigns, but social data is critical to developing offers for specific customers. Every interaction tells banks what customers actually want, meaning FIs just need the right tools to interpret this data.

Analytics 237

Analytics Data Big Data social media 237

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. You might also like this video, "A look at credit risk in a rising-rate environment." CRE loan accommodations.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

SEPTEMBER 24, 2020

New moves from automakers and credit card companies are pushing vehicle commerce — or v-commerce — forward with new data showing it could reach critical mass by the end of the decade. Ptolemus expects the v-commerce market to be dominated by fuel and parking payments.

Risk Management 249

Risk Management California Payments Conference 249

PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive. Powering A Fast Pivot.

Fraud 201

Fraud Risk Management Security Cards 201

PYMNTS

JUNE 22, 2020

Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. database that includes virtually all new (and past) card applications from Visa issuers. alone topped $10.2 billion last year.

Fraud 193

Fraud Cards Risk Management Customer Experience 193

PYMNTS

SEPTEMBER 10, 2019

9), Everlink said it will integrate technology for real-time electronic payment and banking technology firm ACI Worldwide, using its UP Payments Risk Management solution to power Everlink’s new eSCORE fraud management tool. In a press release Monday (Sept.

Fraud 122

Fraud Risk Management Cards Tools 122

PYMNTS

MAY 5, 2020

David Olsson will serve as global managing director of European and Asian markets, while Wittney Rachlin will serve as chief growth officer. Olsson will be tasked with expanding the institutional services of BlockFi, supervising sales strategy, business development and risk management throughout Asian and European markets.

Bitcoin 167

Bitcoin blockchain Leadership Risk Management 167

PYMNTS

MARCH 1, 2020

Small- to medium-sized businesses (SMBs) were duped by salespeople from American Express (AmEx) who reportedly misrepresented card rewards and fees in an effort to close more approvals, according to a report from The Wall Street Journal (WSJ) Sunday (March 1). Customers could also use their Costco-branded cards at other merchants.

Report 151

Report Cards Policies Risk Management 151

PYMNTS

MARCH 25, 2020

That means card portfolios can experience changing returns for financial institutions (FIs). For example, having tools that monitor cardholder behavior and automatically trigger actions that drive faster card activation helps get revenue through the door sooner. Cardholders’ behavior may shift on a dime. ” she asked.

Cards 108

Cards Risk Management Management Strategy 108

PYMNTS

MAY 22, 2020

Wirecard, meanwhile, will offer its Banking-as-a-Service offerings, which include prepaid card issuing, loan services, digital banking tools and more. Ultimately, economic recovery will likely uncover which business and risk models succeeded, and which failed. The current crisis makes it harder to raise that equity.”.

Fintech 261

Fintech Lending Tools Risk Management 261

CFPB Monitor

SEPTEMBER 9, 2019

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews. Risk management. Physical point-of-sale.

Cards 60

Cards Report Marketing Leadership 60

PYMNTS

MARCH 18, 2020

The consultative aspect of Payrix’s relationships with the software firm can illuminate market pricing in particular verticals for services such as payments processing and facilitation. In order to get to a monetization model, he said, it’s important to understand not just merchant pricing, but also what the market will bear moving forward.

Payments 151

Payments Software Risk Management Data 151

Jeff For Banks

OCTOBER 2, 2024

Financial Markets Update – Third Quarter 2024 I had a fantastic September traveling to France and Luxembourg with my sisters. You wouldn’t know we have recession risk when stocks are rampaging; markets crashed for a day on August 5 th but recovered in mere days. Unemployment is the wild card. in August being +.8%

Marketing 119

Marketing North Carolina US Community 119

PYMNTS

APRIL 12, 2019

Wells Fargo came through with a better than expected earnings report on Friday morning (April 12) before the market opened. In addition, our continued de-risking of the balance sheet and consistent level of profitability have resulted in capital levels well above our regulatory minimum.”. Credit card transactions hit $18.3

Cards 100

Cards Risk Management Maine America 100

Payments Source

APRIL 15, 2020

While the primary focus for most credit card providers in March was on emphasizing fee forgiveness and payment deferral support, moving forward issuers need to focus on a mix of strategies to retain their cardholders' share of spend, says The Futurist Group's Demitry Estrin.

Cards 81

Cards Marketing Strategy Groups 81

CB Insights

NOVEMBER 21, 2019

The 2019 Canadian fintech market map. The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Navigating the Canadian fintech market map. Capital markets.

Fintech 93

Fintech Marketing US Technology 93

PYMNTS

JANUARY 20, 2020

Visa’s culture that risk management is everyone’s responsibility, Fabara said, is a competitive advantage and a strategic weapon in the payment ecosystem’s fight against an ever-more sophisticated fraudster. When Risk Management Is a Mindset and Not a Business Unit. Consumers are still in love with the old form factor.

Security 168

Security Fraud Risk Management Payments 168

FICO

JUNE 12, 2017

But what does it mean for risk managers? That’s one issue we grappled with at FICO’s recent EMEA Risk Leadership Forum. Bear in mind that the goal of PSD2 is to enable customer migration and incent market competition. With my risk manager hat on, I have a new set of challenges.

Risk Management 49

Risk Management Management Cards Data 49

PYMNTS

MAY 21, 2020

With the new funding, Treasury Prime said it plans to forge a marketing team and bolster its existing team with new hiring. Aegean Baltic Bank of Greece announced late last week that it will implement risk management technology from Wolters Kluwer. Aegean Baltic Bank Taps Wolters Kluwer Tech.

Fintech 173

Fintech Compliance Risk Management Lending 173

PYMNTS

MAY 15, 2019

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” High-value payments are going to be the supplier management systems between big companies and middle-market companies.

Cards 187

Cards Operations Payments System 187

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. Win more small business deals and grow market share. The average size of loans examined here was $637,000.

Lending 221

Lending Trends Capital Strategy 221

PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. And these criminals are going after a potentially lucrative market.

Study 124

Study Online Course Cards 124

PYMNTS

DECEMBER 21, 2020

More and more companies are starting to leverage payments technology with [virtual cards] because of the value to all players in the ecosystem,” Fenton said. For example, our portfolio company, GDS Link, provides credit risk management solutions to lenders.

Capital 199

Capital Payments Software Fintech 199

Perficient

NOVEMBER 21, 2024

Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data. institutions that issue credit cards, hold transaction accounts, issue devices to access an account, or provide other types of payment facilitation products or services).

Compliance 221

Compliance Data Cards Meeting 221

PYMNTS

FEBRUARY 27, 2019

Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. As real-time payment schemes spread worldwide, stakeholders need to examine the impact these rails will have on their risk management strategies.

Nebraska 144

Nebraska Risk Management Apple Payments 144

PYMNTS

NOVEMBER 10, 2020

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

Fraud 151

Fraud Virginia Florida Risk Management 151

PYMNTS

OCTOBER 12, 2017

SecurityScorecard , the risk management firm whose platform helps provide security ratings, said Thursday that it raised $27.5 Think of shipping information that travels beyond, say, FedEx or UPS, making its way to credit card companies, marketing companies and so on. million in Series C funding.

Security 164

Security Risk Management Data Capital 164

PYMNTS

SEPTEMBER 15, 2017

According to Orloff, LendUp and Beneficial State came up with the idea to offer a socially responsible credit card product several years ago, but it only came to market this spring. This is one of the higher-rated cards for our customer segment, with an average customer rating of 4.7 It has a higher interest rate – 19.99

Fintech 198

Fintech System Lending Cards 198

CFPB Monitor

AUGUST 29, 2016

The CFPB announced that it has entered into a consent order with First National Bank of Omaha to settle charges that the bank engaged in unfair or deceptive acts or practices in connection with the marketing and sale of credit card add-on products and the billing of consumers for such products.

Cards 84

Cards Omaha Policies Compliance 84

Abrigo

OCTOBER 28, 2020

Key Takeaways Financial institutions are currently awash with liquidity and competitive markets are squeezing rates. Credit card loans carry a higher rate presumably due to larger losses on credit extensions. Credit Risk Management. Lending & Credit Risk. Lending & Credit Risk. Sounds crazy, right?

Lending 195

Lending Risk Management Management Community 195