PYMNTS

NOVEMBER 3, 2019

Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. According to regulatory filings made public this week, Apple Card? There are no fees with the card, and it integrates with Apple Pay and the iOS Wallet app.

Credit Cards 51

Credit Cards Push-to-Card Online and Mobile Banking Underwriting 51

PYMNTS

NOVEMBER 3, 2019

Goldman Sachs said it doled out about $10 billion in credit lines in just over month for the Apple -branded credit card, Bloomberg reported on Friday (Nov. According to regulatory filings made public this week, Apple Card? There are no fees with the card, and it integrates with Apple Pay and the iOS Wallet app.

Credit Cards 51

Credit Cards Push-to-Card Online and Mobile Banking Underwriting 51

PYMNTS

JUNE 10, 2020

In what is seen as the latest marriage between tech and Wall Street, Amazon has partnered with Goldman Sachs to launch a digital credit line for U.S. percent that can be drawn and repaid like a credit card, sources told the network. percent that can be drawn and repaid like a credit card, sources told the network.

Push-to-Card 71

Push-to-Card Underwriting Credit Cards Assessments 71

PYMNTS

MARCH 1, 2019

ATM cards, Febreze and the FICO score were all around for a while languishing in relative obscurity until something happened to push them into mass consciousness. until a little over five years ago, when digital innovators and startups began developing the form as an alternative to store cards or consumers.

Finance 63

Finance Identity Theft Push-to-Card Underwriting 63

Clearly Payments

DECEMBER 5, 2023

Key functions of a payment processor include: Transaction Authorization: Payment processors verify the legitimacy of transactions by checking the availability of funds in the payer’s account or ensuring the credit line is sufficient. In the 1990s, the internet revolutionized commerce, and with it, online credit card processing emerged.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

PYMNTS

FEBRUARY 5, 2020

What we are seeing is that they love to shop and they like buying new things, but they want to carefully plan out their spending,” Garg told PYMNTS in a recent conversation, adding that increasingly, younger consumers aren’t seeing credit cards as a good vehicle for accomplishing that. Fighting the Credit Card Fear .

Consumer 57

Consumer BNPL Credit Cards Push-to-Card 57

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. ‘PayFac’ technology simplifies underwriting and onboarding. TABLE OF CONTENTS. A decade of online payments innovation.

Online and Mobile Banking 98

Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

CB Insights

DECEMBER 4, 2019

While the anticipation for Amazon’s plunge into banking gets louder each year, it’s important to first understand Amazon’s existing strategy in financial services — what Amazon has launched and built, where the company is investing, and what recent products tell us about Amazon’s future ambitions. Amazon Payments.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

M2P Fintech

MARCH 28, 2024

without requiring a traditional bank account or debit card. without requiring a traditional bank account or debit card. This technological approach eliminates the use of physical cards or PINs during financial interactions. Unlike physical cash or bank deposits, CBDCs are purely electronic.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

PYMNTS

OCTOBER 21, 2016

It had to understand the apartment industry business rules, reporting requirements, accounting software integrations, as well as take on the risk of underwriting, onboarding and processing rents for landlords who received thousands of recurring paper checks each month. Then, accepting credit cards was pricey.

Checks 74

Checks Push-to-Card Credit Cards Payments 74

PYMNTS

FEBRUARY 4, 2019

As part of the loan application process, LoanSnap underwriters use AI and data pulled from a variety of application program interfaces ( APIs ) to build a financial model for the borrower. However, simply making an existing process faster, LoanSnap CEO and Co-founder Karl Jacob told Karen Webster, does not make a complete lending product.

Credit Cards 49

Credit Cards Push-to-Card AI Underwriting 49

PYMNTS

OCTOBER 18, 2019

American Express is introducing a suite of new commercial card products targeted at startups and entrepreneurs in a move that is aimed at competing with industry newcomers like Brex, Bloomberg reports said on Thursday (Oct. “It’s a new data source and a new lens on underwriting,” Marrs told the publication.

Commercial Card 43

Commercial Card Push-to-Card Card Issuer B2B 43

PYMNTS

AUGUST 14, 2019

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized : firms are often considered too small to be profitable for banks’ corporate services units and are therefore pushed into an FI’s consumer banking operations.

Consumer 48

Consumer Small Business Push-to-Card FDIC 48

PYMNTS

FEBRUARY 13, 2019

We needed a new name to speak to who we are, and at Aura, our goal is to really see the customer beyond what’s obvious in a credit score. Since its launch in 2014, Insikt has provided more than $390 million in affordable, credit-building loans to 320,000 borrowers. That which we call a rose by any other name would smell as sweet.”

Underwriting 57

Underwriting Push-to-Card Consumer Federal Reserve 57

PYMNTS

JUNE 10, 2020

Small businesses hit hard by COVID-19 shutdowns are facing thin cash reserves, and the extension of credit to those SMBs has become an increasingly crowded field. The two companies are teaming up to offer Amazon sellers up to $1 million in credit lines via Goldman’s Marcus brand. percent to 20.99 consumer business, told the network.

Underwriting 60

Underwriting Push-to-Card Shutdown Enrollments 60

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. By contrast, debit- and credit-card use only increased by 24 percent to $204 billion during the same period.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 56

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. By contrast, debit- and credit-card use only increased by 24 percent to $204 billion during the same period.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

PYMNTS

AUGUST 27, 2018

The delinquent credit rate is ticking up, and banks are reacting by dialing back new account approvals. Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt. In fact, at 3.4 T-Mobile’s Data Breached.

Data Breach 41

Data Breach Breach Credit Cards Online and Mobile Banking 41

PYMNTS

OCTOBER 18, 2019

Card member spending, higher net interest income and card fees combined to produce an 11 percent year-over-year revenue gain for the Global Consumer Services Group of American Express in the third quarter of 2019. It’s a new data source and a new lens on underwriting,” Marrs told the publication. percent to $10.99

Push-to-Card 40

Push-to-Card Commercial Card Card Issuer Credit Cards 40

PYMNTS

MARCH 27, 2018

Mortgages have dominated the top spot since the database itself launched in 2012 — which is unsurprising given the CFPB was created following a crisis in mortgage underwriting. 2 spot in 2017 when the credit reporting agencies (normally the No. Debt collectors are historically an unpopular group of people. Repaying money is not.

CFPB 48

CFPB FTC Consumer Financial Protection Bureau (CFPB) Push-to-Card 48

PYMNTS

AUGUST 8, 2018

And the push for said turnaround is paying off, Sanborn said — and LendingClub is seeing its investors return, its originations go up and consumers begin to trust it as an alternative form of credit underwriting that is cheaper for consumers than the average credit card rate. LendingClub did notch losses in Q2.

Origination 40

Origination Underwriting Push-to-Card Credit Cards 40

PYMNTS

OCTOBER 24, 2018

The change is reportedly one of the largest shifts in both the FICO scoring system, and credit reporting in general, in the last 30 years. It’s a question Experian sought to answer with the first-ever State of Alternative Credit Data report earlier this year. Unemployment is at record lows and wages are gradually pushing up.

Underwriting 43

Underwriting Push-to-Card Credit Union Consumer 43

PYMNTS

FEBRUARY 7, 2020

Things were a bit more active on the Amazon front, with a big infrastructure investment pushing its market cap back over the $1 trillion line, a new B2B financing partnership with Goldman Sachs potentially in the offing and its expanding stores and services menu. Big News of the Week: The Potential Goldman Partnership .

Push-to-Card 52

Push-to-Card Underwriting Caps Small Business 52

PYMNTS

MAY 15, 2018

The first being that the ways credit is underwritten could use a good deal more specificity. Subprime customers — and the higher interest rates associated with underwriting their unsecured debt — were also served with a variety of products in the market. credit cards in their wallet. A Better Option.

Push-to-Card 46

Push-to-Card Non-Bank Credit Cards Consumer 46

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. The Two Faces Of Consumer Credit.

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

PYMNTS

NOVEMBER 11, 2019

And while the last week had no shortage of players pushing ahead with big moves, there were three that managed to put up some pretty staggering early-season numbers. And while the last week had no shortage of players pushing ahead with big moves, there were three that managed to put up some pretty staggering early-season numbers.

Push-to-Card 40

Push-to-Card Credit Cards Online and Mobile Banking Innovation 40

PYMNTS

DECEMBER 10, 2016

“The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. This is the future,” noted angel investor and entrepreneur Liron Petrushka. “I IPO of the year.

Non-Bank 73

Non-Bank Compliance Push-to-Card Origination 73

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway?

CFPB 40

CFPB Push-to-Card Rules Deposit Account 40

PYMNTS

AUGUST 6, 2018

It started with an announcement that a California Kroger subsidiary — Foods Co — would stop accepting Visa credit cards (but not debit cards) at 21 of its grocery stores and five of its gas stations, effective Aug. Visa is disappointed at Kroger’s decision to stop accepting Visa credit cards at its Foods Co stores.

Credit Cards 40

Credit Cards Push-to-Card Visa Debit Card 40

PYMNTS

SEPTEMBER 17, 2019

The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check. At the low end of the spectrum, consumers will pay an APR of 25 percent a month, roughly comparable with a high-rate credit card. and around the world.

Laws 60

Laws Push-to-Card Regulations Non-Bank 60

PYMNTS

FEBRUARY 28, 2017

For SoFi, that means checking accounts, credit cards and international money transfers were all just added to the menu of services it offers customers, along with its historical wheelhouses of student loan refinancing and (more recently) mortgage underwriting. The company, however, is still pretty small. Don’t Bank.

Underwriting 40

Underwriting Push-to-Card Acquirers Finance 40

PYMNTS

JUNE 28, 2019

Car IQ’s technology aims to automate and accelerate fleet payments for scenarios like vehicle maintenance and other services, without the need for human intervention or credit cards — a tool that the company said will combat fraud. Prime Venture Partners provided the investment, reports said.

Small Business 43

Small Business Participant B2B Automation 43

FICO

SEPTEMBER 18, 2018

In your opinion, what should come first: an underwriting decision or a fraud decision - and why? Andy: Credit risk is the bigger player in account originations. The overall question the organization is asking is ‘should we extend credit to this(these) individual(s)?'. Will they be profitable? What terms should we offer?

Fraud Detection 51

Fraud Detection Best Practices Checks Push-to-Card 51

PYMNTS

SEPTEMBER 4, 2019

Underwriting in the sub-prime segment is more expensive for a business, Kaplan noted. The consumer set one is dealing with in that segment has major red flag issues that likely keep them away from lower-cost, more mainstream credit alternatives. An Honest Appraisal .

Product 52

Product Consumer Push-to-Card CFPB 52

PYMNTS

APRIL 20, 2018

It used to be that when “Goldman Sachs” was mentioned, it was in the context of the storied Wall Street investment banking firm trading and underwriting securities, advising on mergers and acquisitions, taking companies public and brokering deals. Not so much anymore. The Big Bet on Consumer Services. Note to industry.

Consumer 40

Consumer Push-to-Card Cash Management Mobile Banking 40

FICO

SEPTEMBER 20, 2018

In your opinion, what should come first: an underwriting decision or a fraud decision - and why? Andy: Credit risk is the bigger player in account originations. The overall question the organization is asking is ‘Should we extend credit to this(these) individual(s)?'. Will they be profitable? What terms should we offer?

Fraud Detection 45

Fraud Detection Best Practices Checks Push-to-Card 45

PYMNTS

MARCH 21, 2017

Anyone who has ever applied for a car loan, a mortgage, a credit card, a job online or to college knows that algorithms — and the decisions that they inform — can make very big differences to extremely important life decisions. Some algorithmic experiences, however, are much harder to miss. And that, author and Harvard Ph.D.

Crime 45

Crime CFPB Push-to-Card Credit Cards 45