PYMNTS

APRIL 29, 2020

Brazil-based, digital-only FI Nubank has had to tackle such issues since it launched in 2014. Credit offerings mean the card issuers — not the consumers — are the ones risking their money, should the other party turn out to be fraudulent. Consumers Rely on Debit During the Pandemic.

Credit Union

The Fintech Times

JUNE 13, 2024

Payment passkey will create a consistent experience across devices, browsers and operating systems too, akin to the way contactless cards are now a consistent experience when shopping in person, according to Mastercard. We are confident that reaching this vision by 2030 is a win-win-win for shoppers, retailers and the card issuers alike.”

Visa

FICO

APRIL 8, 2016

The FICO® Card Alert Service has just released some startling stats: The number of ATMs in the US compromised by criminals rose 546 percent in 2015 over 2014. The biggest targets were non-bank ATMs, such as those in convenience stores, where 10 times as many machines were compromised as in 2014.

ATM

PYMNTS

JUNE 6, 2019

Card issuers have been slow to release contactless cards due to limited acceptance at the point of sale. JPMorgan Chase launched a contactless card called Blink back in 2005, then killed it off in 2014 ahead of the push for EMV chip cards. percent between 2018 and 2025. In the U.S.,

Contactless Payments

PYMNTS

APRIL 5, 2016

According to “ Commercial Cards in Europe 2015 ,” an examination of the continent’s corporate card space, just 4 percent of payment cards in Europe are commercial cards. Fleet cards make up the majority of these products, accounting for 38 percent of corporate card products by the end of 2014.

Commercial Card

PYMNTS

JANUARY 31, 2017

Mastercard branded cards account for 40 percent of the total in Canada, helped by an agreement between Mastercard and Costco. RBR noted that market share gains are often a result of deals between credit card issuers and retailers.

Visa

PYMNTS

JULY 27, 2016

While the illegal activities happened years ago, credit card fraud is a huge problem around the globe, costing credit card issuers billions of dollars. In 2014, fraud on credit cards, debit cards and prepaid cards reached $16.31 billion.

FTC

PYMNTS

MARCH 24, 2016

But it is unclear whether other banks and card issuers will link their corporate card products with Android Pay, too. It took some time for Apple Pay to see corporate card integration.

Commercial Card

CB Insights

FEBRUARY 13, 2020

This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions. The company reached unicorn status in January 2014 at a $1.8B In 2014, card-not-present (CNP) fraud represented 45% of total US card fraud.

Online and Mobile Banking

Fintech Labs Insights

SEPTEMBER 4, 2015

Urban FT , a startup that offers card issuers a digital banking suite that includes cards, a mobile app, and web interface, wants to give small card issuers a leg up on the competition. Wipit last demoed at FinovateSpring 2014 in San Jose where it showed off its Boost Mobile Wallet.

Acquirers

Stax

NOVEMBER 6, 2023

Request Quote Upgrade Your Legacy Equipment for Mobile Payments The world’s foremost mobile phone manufacturers, Apple and Samsung started to foster the use of mobile payments as early as 2014 and 2015, respectively. Because of this, outdated POS systems lack the ability to accept NFC-enabled credit and debit cards or mobile wallets.

Mobile Payments

FICO

MARCH 12, 2018

You would have to go back to January 2014 for accounts 1-5 years on book to see higher levels. from December 2014, a different picture emerges when you look at a vintage level. Issuers are advised to closely monitor results and focus collections activities on the high-risk, high-balance accounts.

Accounts

PYMNTS

NOVEMBER 22, 2019

For a customer using a revolving credit tool, such as a credit card, the best outcome is to pay their balance in full each month, which has the benefit of buying now and paying later, with none of the attendant harms like paying an interest fee. However, that usually isn’t the best outcome for the card issuer.

Credit Cards

PYMNTS

JULY 6, 2016

Bloomberg reported today (Wednesday, July 6) that consumers are organizing to bring a class action to suit to bear against MasterCard that would be in the neighborhood of $24 billion, tied to a European Union court decision that hearkens back to 2014. A class action of this size would be the biggest one in the U.K.

Visa

FICO

DECEMBER 4, 2019

Average credit lines have been falling year on year over the last 2 years and were £32 lower than the September 2014 peak. The percentage of card accounts that are at 2 cycles delinquent was stable annually, and 20% lower than during the financial crisis of 2008. For more information, contact me at staceywest@fico.com.

Issuers

Fintech Labs Insights

SEPTEMBER 15, 2014

There are ways to mitigate any lost wallet share to Apple-Pay issuers Even if my math in #3 is way off, or you are concerned that you will take a material hit to the bottom line, or you just want to be part of Apple Pay, easy routes will undoubtably be built to get your cards enabled into Apple Pay.

Debit Card

Fintech Labs Insights

SEPTEMBER 3, 2014

But in my 22 years of banking online, I don''t recall ever being prompted to update my income so that my card issuer could reconsider my line size. Capital One email asking for an updated income ( 2 Sep 2014 ) Online banking page to enter info After entering info. Capital One Credit/Debit Cards Email Samples'

Debit Card

CB Insights

OCTOBER 10, 2018

customers since 2014 ( which is detailed in a separate brief on challenger banks ). The most well-funded startup is Georgia-based Greenlight Financial, an alternative debit card issuer that allows parents to manage spending limits and allocate funds for their children through a mobile app. in funding and over 5.5M

Online and Mobile Banking

Stax

NOVEMBER 13, 2023

Tapping their phone to a terminal proved far more exciting than tapping the card. Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential. In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards.

Contactless Payments

PYMNTS

FEBRUARY 24, 2016

So far, Apple has secured the support of the credit card issuers/networks that account for 80 percent of China’s credit/debit cards. launch in the fall of 2014 now close to a year and a half behind us. Australia and Canada (but only through American Express-issued cards for the latter two).

Online and Mobile Banking

Fintech Labs Insights

MARCH 15, 2017

.” SWITCH makes it easy for card holders to update their payment methods at online merchants and e-commerce sites, as well as for subscriptions and recurring repayments like cable and utility bills. ” SWITCH was founded in 2014 by Chris Hopen and David Pool. ” SWITCH was founded in 2014 by Chris Hopen and David Pool.

Issuers

Fintech Labs Insights

FEBRUARY 13, 2017

Rippleshot co-founder and CEO Canh Tran said that the funding comes as his company finds itself “in a unique place to help bridge the fraud detection gap between issuers and merchants.” ” Pictured: Rippleshot Chief Scientist and Co-Founder Randal Cox demonstrating Rippleshot’s platform at FinovateFall 2014.

Compromise

Fintech Labs Insights

JANUARY 4, 2016

Using the Urban FT platform, prepaid card issuers and telco companies are able to offer white-labeled digital banking services. Just prior to Urban FT’s appearance at FinovateFall, the company acquired digital wallet solutions provider, Wipit ( FinovateSpring 2014 demo ). Facts: Founded: 2012. HQ: New York City.

Non-Bank

Fintech Labs Insights

FEBRUARY 23, 2017

” He added, “(Switch) is about reducing the negative impact of card replacement on end users, and getting cards into circulation as quickly as possible to end users.” ” For card issuers, the platform includes a set of analytic reports that leverages data on card usage from throughout the entire Switch user base.

Accounts

Fintech Labs Insights

FEBRUARY 1, 2017

credit card issuers and 5 of the 6 largest U.S. Ebates launched in 1999 and was acquired by Rakuten in 2014. Last month, CLO company edo Interactive was acquired by Auego. Massachusetts-based Cartera Commerce partners with companies who use loyalty programs to reward their customer base.

Acquirers

Fintech Labs Insights

DECEMBER 23, 2015

Since credit card issuers were required to increase their prime rate by the same amount, the company is not concerned it will push away borrowers. The company went public in December 2014. Yesterday peer-to-peer lending platform, Lending Club [NYSE: LC], offered one answer. The market cap is at $4.32

Card Issuer

CB Insights

DECEMBER 4, 2019

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). With the talent acquired from GoPago, Amazon launched Amazon Local Register, a card reader for SMBs in August 2014. Its first entry point in the market was in payments in October 2014.

Online and Mobile Banking

Fintech Labs Insights

OCTOBER 9, 2014

It is to credit cards what Simple was to checking accounts. The startup is still looking for a credit card issuer partner (attention Capital One, this could be your 360 credit card), so pricing is not available. However, CEO Matt Rothstein told me yesterday that they plan to make the card fee free.

Credit Cards

Fintech Labs Insights

NOVEMBER 8, 2016

Go here for a list of previous Best of Show winners through 2014. The exact written instructions given to attendees: “Please rate (the companies) on the basis of demo quality and potential impact of the innovation demoed.”. The four companies appearing on the highest percentage of submitted ballots were named “Best of Show.”.

Card Issuer

PYMNTS

JULY 23, 2018

Median household income, which had dropped to $58,829 in June 2011, has consistently increased since the summer of 2014. In May, the median household income for Americans stood at $61,858 — the highest since January 2000, after adjusting for inflation.

Finance

Fintech Labs Insights

OCTOBER 1, 2024

450,000 10 10 Parker 85 1 Oct 24 2019 NYC $157 12,000 11 11 Karat 60 1 Oct 24 2019 SF $101 83,000 12 12 Center 40 1 Oct 24 2018 Seattle $102 33,000 13 13 Teampay 29 1 Oct 24 2016 NYC $65 11,000 14 14t PEX Card 18 1 Oct 24 2007 NYC $9.9 Profiles: Challenger SMB Charge Card Issuers 1. 2,030 reviews, up 60 since July) 2.

Small Business

Fintech Labs Insights

DECEMBER 1, 2021

Definition : Charge cards require the balance to be paid in full each month; credit cards allow the balance to be rolled over, often at a relatively high interest rate). Profiles: Challenger SMB Charge Card Issuers. Bellevue, WA. $54. Tribal Credit. Bento for Business. Profit (was Swipedom ). FAB Score = 600. –

Small Business

Fintech Labs Insights

DECEMBER 1, 2021

Definition : Charge cards require the balance to be paid in full each month; credit cards allow the balance to be rolled over, often at a relatively high interest rate). Profiles: Challenger SMB Charge Card Issuers. Bellevue, WA. $54. Tribal Credit. Bento for Business. Profit (was Swipedom ). FAB Score = 600. –

Small Business

Fintech Labs Insights

APRIL 24, 2025

460,000 11 11 (t) Rho 54 25 Apr 25 2018 NYC $205 110,000 12 11 (t) Karat 46 25 Apr 25 2019 SF $101 15,000 13 13 Center 38 25 Apr 25 2018 Seattle $102 22,000 14 15 PEX Card 30 25 Apr 25 2007 NYC $9.9 Profiles: Challenger SMB Charge Card Issuers 1. 21,000 18 17 (t) Profit (was Swipedom ) 5 25 Apr 25 2019 NYC $1.5

Small Business

Fintech Labs Insights

JANUARY 13, 2025

based on Q3 23 secondary market sales Website visits: 1.7 million (Nov. 6,100 reviews, up 600 since Dec) Trustpilot : 3.6 1,220 reviews, up 90 since Dec) 2. Arival FAB score: 6 ( down 1 ) HQ: Miami, FL Founded: 2018 Traction: Raised: $10.8M including $4.8M including $4.1M 192 reviews) iOS app: 4.8

Small Business

PYMNTS

AUGUST 22, 2018

Native apps are boring and the web is not dead, said Sir Tim Berners-Lee in November of 2014, on the 25 th anniversary of the commercial web. He’s entitled to that opinion: He’s the one, after all, who invented the World Wide Web.

API

PYMNTS

JUNE 21, 2019

Despite these advantages, credit unions’ cards face unique struggles traditional banks do not have. The largest of these is the interest cap, which may be advantageous to customers, but makes it more difficult for CUs to compete with other card issuers due to a lack of capital. First of Omaha Service Corp.

Credit Cards