Stax

JANUARY 10, 2024

Credit card transactions have quickly become the lifeblood of eCommerce businesses and storefronts alike. According to Capital One, global credit card transactions in 2022 reached an estimated 678 billion —an average of 1.86 However, accepting credit cards does come with a flipside; the ongoing sting of credit card fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

EBizCharge

NOVEMBER 12, 2024

Merchant underwriting is an essential component of the payment processing industry, ensuring the safety and security of electronic payments. This article will explore the mechanics of merchant underwriting, from the essential steps involved in the process to the factors influencing it. What is merchant underwriting?

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Underwriting ISOs Risk Assessment Assessments 52

Fintech Finance

SEPTEMBER 6, 2024

Christensen will lead the company’s global acquiring and risk management teams, working to grow and manage relationships with processors and banks, as well as overseeing the underwriting and risk functions. He brings 20 years of experience in financial risk, electronic payments and credit cards to the role.

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Risk Acquirers Risk Management Underwriting 105

Finovate

APRIL 10, 2024

The deal will help Empower expand into the credit card market. Empower also announced it closed the acquisition of Philippines-based consumer credit and lending fintech Cashalo. Empower , a fintech helping to extend credit to underserved consumers, announced plans to acquire underserved credit card provider Petal.

Credit Cards 52

Credit Cards Underserved Underwriting Acquirers 52

CB Insights

OCTOBER 24, 2018

a transparent alternative to credit cards. Traditional credit cards are becoming less popular among younger consumers. Millennials in particular struggle with credit cards — recent studies find that 3 in 5 millennials carry credit card balances month to month, while 45% don’t know the interest rate on their card.

Credit Cards 65

Credit Cards Point-of-Sale (POS) Visa B2C 65

Fintech Finance

JULY 26, 2024

This will provide consumers with the potential opportunity to benefit from Visa’s acceptance, the simplicity and ease of Marqeta’s platform, and Affirm’s technology and underwriting capabilities in Buy Now, Pay Later. Additionally, 71% of U.S. We’re proud to be the first issuer processor in the U.S.

Credential 98

Credential Processors Issuers BNPL 98

Payments Source

MAY 23, 2018

It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.

Credit Cards 62

Credit Cards Underwriting Consumer 62

Cardfellow

APRIL 5, 2025

With its minimal underwriting and fast setup, it lowered the barriers to entry for small businesses seeking credit card processing. Suddenly, business owners could download an app, sign up for an account, and accept credit cards within days or even hours. How do you know when youve outgrown Square?

Processors 52

Processors Credit Cards Multi-Currency Transactions 52

Payments Source

MAY 9, 2017

JPMorgan Chase will give its Sapphire credit card customers 100,000 rewards points for closing home-purchase loans with the bank.

Credit Cards 60

Credit Cards Underwriting 60

PYMNTS

JUNE 9, 2017

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting them — are at their highest rate since 2009 , possibly due to loosening lending standards. Still, Kornfeld didn’t deny that underwriting quality has slipped.

Credit Cards 42

Credit Cards Underwriting Card Issuer Issuers 42

PYMNTS

MAY 9, 2018

It got a little easier to get credit in the first quarter, said Moody’s on May 8, but auto loans bear watching. That counts as a “mild credit positive,” said Moody’s. Across other verticals, credit standards as they exist across residential mortgages were largely unchanged.

Underwriting 40

Underwriting Credit Cards Economy Risk 40

PYMNTS

SEPTEMBER 6, 2019

Even as the economy in the United States softens, Citigroup has been making a push for credit cards. Those who tap into balance transfers are said to be higher risk because they use easy financing to take on increased debt, per credit underwriters. Competitors are said to offer 15 interest-free months without a charge.

Credit Cards 50

Credit Cards Push-to-Card Underwriting Economy 50

Fintech Finance

NOVEMBER 3, 2024

The company offers approved consumers an alternative to credit cards and other pay-over-time options, providing the ability to split the total cost of purchases into budget-friendly payments. Founded in 2012, Affirm’s mission is to build honest financial products that improve lives.

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Consumer Economy Regulatory Compliance Payment Networks 98

PYMNTS

MARCH 5, 2018

Smaller banks have spent years competing with their larger fellows in signing up credit card customers. Now they are facing the ugly flipside of highly active credit underwriting — increasing defaults and charge-offs. Large banks’ outlook for card borrowers is also a bit off. percent a year ago. billion in assets.

Credit Cards 43

Credit Cards Push-to-Card Federal Reserve Underwriting 43

Stax

APRIL 3, 2025

Its the third-party service that serves as the link between the payment gateway, acquiring bank, and issuing bank or card network. It works in tandem with the customers bank or credit card provider to verify and authorize the transaction. Acquiring bank – Acts as the link between the merchant and the issuing bank.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

EBizCharge

JANUARY 16, 2025

This article will explore the world of merchant category codes, covering their purpose, benefits, and the specifics of using them in the credit card processing landscape. Merchant category codes (MCCs) are four-digit numbers credit card companies use to classify different types of businesses.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

PYMNTS

SEPTEMBER 18, 2019

The startup credit card company offers its rewards card to people with no credit history. The startup aims to create an environment where credit is accessible to everyone. To underwrite customers, Petal looks at a person’s cash flow to determine creditworthiness.

Credit Cards 53

Credit Cards Underwriting PayPal Finance 53

Fintech News

SEPTEMBER 4, 2024

Through partnerships with credit bureaus, the app also provides access to users’ credit scores, enabling them to explore opportunities for credit cards, loans, and other financial products. It also includes a marketplace where users can compare credit cards and insurance plans tailored to their needs.

FinTech 117

FinTech Cross-Border Payment APIs and Integration Credit Cards 117

Fintech News

FEBRUARY 26, 2024

Supported by AC Ventures, Credit Saison, Quona Capital, and Saratoga, JULO aims to make financial services more accessible in Indonesia. JULO’s credit underwriting process, which uses comprehensive behavioral data, has enabled the successful launch of virtual credit card products designed for the middle-income demographic in Indonesia.

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Underwriting Credit Cards Risk Management Volume 115

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Only 3 percent of them, however, have their credit cards with those community banks. There’s a lot of runway here.

Community Banks 47

Community Banks Small Business Credit Cards Due Diligence 47

PYMNTS

APRIL 26, 2019

The loans includes auto, credit cards and mortgages, according to a release by the company. Credit card charge-offs increased to 3.64 Moody’s expects that year-over-year credit card charge-offs for the selected banks will continue to rise modestly over the next year by an average of around 10 basis points” Moody’s said.

Credit Cards 43

Credit Cards Underwriting Continuity Posting 43

PYMNTS

SEPTEMBER 29, 2020

Many of the firms looking for trade finance may be shipping on a weekly, biweekly or monthly basis — and the underwriting process, which can take 30 to 60 days, may not offer the cash these smaller firms need to grow or lock up supply chain contracts. The platform model offers a process that is a streamlined one compared to the banks.

Finance 114

Finance Underwriting Volume Caps 114

Payments Source

OCTOBER 23, 2019

It has already been modifying more problem loans and investing in efforts to recover charged-off loans, and now the credit card lender is ready to tighten underwriting in case the economy weakens.

Underwriting 67

Underwriting Credit Cards Economy Consumer 67

PYMNTS

MAY 29, 2018

Citigroup said on Tuesday (May 29) that it won’t use high deposit rates to lure new customers to its digital bank – instead, it will go after its credit card customers. According to ValueAct, that makes the bank indispensable to clients while creating stable profits. “We

Credit Cards 43

Credit Cards Treasury Management Underwriting Treasury 43

Payments Source

OCTOBER 24, 2017

Deserve wants to deliver credit cards to students and underbanked young adults through a system that underwrites credit without relying on FICO scores and instead by judging the applicants on their future potential.

Underwriting 64

Underwriting Credit Cards Mobile Payments Payments 64

M2P Fintech

APRIL 4, 2025

The new-age credit stack can do this efficiently with smarter underwriting capabilities, integrated data collection mechanisms and ability to automate workflows in the process. Improved Risk Management To assess credit risk accurately, new-age credit stack incorporates advanced algorithms and real-time analytics.

Finance 52

Finance Payment APIs and Integration Credit Cards Risk 52

Finextra

MAY 23, 2024

The small business credit card and spend management platform trusted by over 200,000 businesses, Capital on Tap and Plaid partner in the United Kingdom.

Underwriting 52

Underwriting Credit Cards Small Business 52

Fintech Finance

OCTOBER 17, 2024

Before approving the purchase, Klarna will make a new lending decision, using its industry-leading underwriting checks. This decision will not impact a customers’ credit score. Klarna aims to offer smart shoppers everywhere a fairer alternative to traditional credit cards.

Underwriting 111

Underwriting BNPL Payments Checks 111

PYMNTS

JANUARY 27, 2021

The company said in the release that these collaborations are all emblematic of the ways modern issuing-processing platforms have changed the game in terms of ways to use credit cards. Archa, based in Australia, wanted to address a gap in the country’s corporate card market, the release stated.

Product 111

Product Process Community Banks Small Business 111

PYMNTS

DECEMBER 15, 2020

One of the biggest challenges in the B2B cannabis supply chain is the inability for wholesalers to offer payment terms and trade credit to their buyers. Because the industry is dominated by startups, a lack of historical business data makes underwriting a challenge.

Legal 111

Legal B2B Underwriting Payment Reconciliation 111

PYMNTS

SEPTEMBER 24, 2019

Silicon Valley credit card startup Brex has begun a points transfer partnership for its rewards program with JetBlue Airways , Brex announced in a press release on Tuesday (Sept. The program reinforces Brex’s airline transfer platform, which is offered alongside travel booking and statement credit. . 24, 2019, and Oct.

Credit Cards 69

Credit Cards FinTech Underwriting Innovation 69

PYMNTS

NOVEMBER 20, 2018

In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. The pendulum is starting to swing back, as we see lenders once again extend credit to sub-prime consumers.”.

Underwriting 75

Underwriting Origination Credit Cards Credit Limit 75

PYMNTS

JANUARY 19, 2021

But many of those same customers are shifting their focus away from traditional credit, toward buy now, pay later (BNPL) models. And borrowing across LendingClub’s own portfolio has been focused not on credit card consolidation but on home improvement projects. High-Yield Savings.

Acquirers 116

Acquirers Credit Cards Debit Card BNPL 116

Fintech Review

MAY 20, 2025

CRED CRED focuses on Indias affluent credit card users, rewarding them for paying their bills on time. By using data-driven underwriting and operating entirely online, Navi aims to serve India’s underbanked populations with efficiency and scale.

Innovation 59

Innovation FinTech Online and Mobile Banking Financial Literacy 59

Clearly Payments

MAY 22, 2025

Payment Methods & Card Types Credit Card A card that borrows money from a line of credit. Debit Card A card that pulls money directly from a bank account. Prepaid Card A card loaded with a specific amount of money. EMV Chip technology on credit cards.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Processors ACH 52

Fintech Finance

SEPTEMBER 10, 2024

The $1 trillion air travel sector is a key growth opportunity for Klarna because credit cards account for 70% of retail travel payments. Klarna’s BNPL is a short-term, interest-free credit service with no fees when paid on time. Globally, about 30% of the payments Klarna processes are immediate payment.

BNPL 97

BNPL Payment Networks Credit Cards APACS 97

Fintech Finance

JULY 15, 2024

The new proposed Interpretive Rule would ensure that nonbank financial companies adhere to the same credit card lending rules as large banks, credit unions, and other financial institutions already supervised by the CFPB.

Consumer Financial Protection Bureau (CFPB) 98

Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL 98