Fintech News

SEPTEMBER 3, 2024

OCBC Bank is set to offer Generation Alpha—children born after 2009—their own digital bank accounts through the OCBC MyOwn Account , available from 20 October 2024. This first-of-its-kind account in Singapore allows children aged seven to 15 to manage their finances digitally via the OCBC Digital app, under parental supervision.

Accounts 117

Accounts Financial Literacy Freeze Account Debit Card 117

Fintech Finance

JULY 10, 2024

FREENOW was founded in 2009, with the mission of modernising the taxi sector by creating an advanced tech platform that helps drivers transition to an app-driven, sustainable taxi service. FREENOW has over 150,000 partner drivers in Europe, and advocates for a taxi framework that protects its drivers and passengers.

Cross-Border 98

Cross-Border SARS eWallet Mobile Payments 98

PYMNTS

MARCH 19, 2020

was formed in 2009 as a payment services provider to enable businesses to accept card payments. The headquarters will be in Salt Lake City, Utah. The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech. Square, Inc.

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FDIC Deposit Account Underserved Small Business 110

PYMNTS

NOVEMBER 14, 2019

Wing was founded in 2009 as a way to include Cambodia’s unbanked and underbanked population participate in the financial system in the country, and it provides services like money transfers, bill payments and phone top-ups. Cambodian migrant workers sent about $1.4

Online and Mobile Banking 101

Online and Mobile Banking Participant Innovation Transactions 101

PYMNTS

OCTOBER 19, 2020

percent in 2019, the lowest since the FDIC began tracking this stat in 2009. percent in 2009, according to the FDIC, which notes that the rate then fell 2.8 households without checking accounts fell to 5.4 The unbanked rate jumped to 8.6 percent in 2011, up from 7.6 percent over the next eight years through 2019.

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FDIC Checks Accounts Research 75

Fintech Finance

AUGUST 9, 2024

Founded in 2009, ACIFF is a non-profit organisation representing over 90 regulated firms. a leading European PayTech, has proudly announced its official membership in the Association of Cyprus International Financial Firms (ACIFF) , a significant milestone in its journey to further enhance its role and influence within the financial sector.

Best Practices 98

Best Practices Consulting Regulations Participant 98

PYMNTS

SEPTEMBER 24, 2020

dropped 45 percent starting in May and into August— the sharpest fall it has taken since the 2009 recession, the CBI reported. At the same time, with people working from home and refraining from going out, sales of clothing were down 40 percent and department store sales were down 23 percent. The result? Retail employment in the U.K.

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Rules Consumer Continuity Finance 101

PYMNTS

DECEMBER 27, 2020

After Square launched its merchant mobile-payment system and simple, namesake swipe device in 2009, the company added its Cash app in 2017, which most recently made headlines for including bitcoin functionality to its platform. Square Music.

Mobile Payments 139

Mobile Payments Bitcoin Origination Payments 139

PYMNTS

JUNE 26, 2020

If it closes, the deal would represent Amazon’s second-biggest acquisition since the 2009 purchase of online shoe retailer Zappos for $1.2 In May, Morgan Stanley analysts said the potential for Amazon to develop a more efficient long-term delivery network with Zoox technology could save the company $20 billion a year.

Participant 103

Participant Acquirers Technology Innovation 103

Fintech Finance

SEPTEMBER 12, 2024

Founded in 2009, the global financial services provider has built a secure, end-to-end payment infrastructure that offers a wide range of international payment, FX and lending solutions to their clients. Modern financial technology has advanced with notable innovations, and Ebury is no exception.

Payment APIs and Integration 97

Payment APIs and Integration Reconciliation API Cross-Border 97

PYMNTS

JANUARY 21, 2020

” Launched in 2009, Lulu Money has five million users processing 1.1 MoneyGram looks forward to working with them to create new, innovative products and services that extend our digital reach and bring financial inclusion to customers throughout the Asia-Pacific market.” million transactions annually.

Transactions 100

Transactions Financial Inclusion Cross-Border P2P 100

PYMNTS

APRIL 9, 2020

The number of those unemployed now surpasses the high from the 2009 recession, which maxed out at 6.64 Millions of Americans have been filing for unemployment in the midst of the virus’s overturning of American life.

Shutdown 100

Shutdown On-Demand Economy Product 100

Payments Source

JANUARY 2, 2018

You might also be interested in: A Look Back: Best Posts From 2007 To 2009 . Over the next few days, I’ll be taking a break now-and-then from blogging to both take some R & R and to finish-up some more extended writing projects. During this short break, I’ll be re-posting some of my favorite posts of 2017.

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Posting 75

PYMNTS

OCTOBER 14, 2020

Founded in 2009 by Elliot Kroo, Jessica Scorpio and Sam Zaid, the company gives users the ability to rent their personal vehicles to others for set periods of time. . Silicon Valley carsharing startup Getaround won a $140 million Series E financing round led by PeopleFund, Getaround announced on Wednesday (Oct.

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NOV Finance Technology 96

Fintech Finance

FEBRUARY 7, 2024

Since 2009, China has been Brazil’s main trade partner. In 2023 alone, Brazil’s exports to its main trading partner – China – exceeded US$95 billion, while imports came to a little over US$49 billion, according to Brazil’s trade balance data.

Transactions 98

Transactions Cross-Border Cross-Border Payments Facilitators 98

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. The percentage of unbanked people in the U.S.

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

Finovate

AUGUST 8, 2024

” Founded in 2009, Happy Money is headquartered in Torrance, California. . “At Happy Money, we believe that prioritizing borrowers’ well-being is a winning strategy,” Happy Money Head of Product and Design Nick Pesce said.

Payment APIs and Integration 105

Payment APIs and Integration Credit Union Consumer Credit Cards 105

PYMNTS

MARCH 3, 2020

MerchantPro Express has been a key Fiserv distribution partner since 2009,” said Devin McGranahan, senior group president of global business solutions at Fiserv. “By The acquisition will also help Fiserv grow its partner-based distribution. Financial terms of the transaction were not disclosed.

Acquirers 63

Acquirers Point-of-Sale (POS) ISOs Processing Costs 63

PYMNTS

DECEMBER 20, 2018

According to Bloomberg’s analysis of student loan securitization data, the debt level is more than double the $675 billion in student loan debt back in June of 2009. That was when the Great Recession ended.

Credit Cards 64

Credit Cards Push-to-Card Consumer 64

PYMNTS

JANUARY 24, 2021

The rate of input cost inflation was the fastest on record (since October 2009), as soaring transportation and PPE costs were also noted. The release stated in part: “[I]nflationary pressures intensified as supplier delays and shortages pushed input prices higher.

Federal Reserve 102

Federal Reserve On-Demand Research Consumer 102

PYMNTS

OCTOBER 1, 2020

The Times newspaper launched ET Now in 2009. Economic Times sources commented that "Android has a 97 percent market share in India. So, we should intervene and hand-hold Indian startups." One key feature of the Indian government’s plan: The new app store would not charge the 30 percent fees that Google's and Apple ’s stores do.

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Government Governance Legal Rules 90

PYMNTS

MARCH 7, 2019

Burch is a fashion designer who started the foundation in 2009, with the goal of helping women entrepreneurs. “I That is why in 2009 we created the Tory Burch Foundation to support the empowerment of women entrepreneurs.”. “I was incredibly fortunate — we were able to launch after a personal investment and one round of fundraising.

Governance 63

Governance Government Finance Continuity 63

PYMNTS

MARCH 29, 2018

Overdraft fees have reached their highest level since 2009, which was at the end of the Great Recession. Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016, The New York Post reported. Despite the increase, consumers aren’t, in fact, overdrawing their accounts.

Consumer Financial Protection Bureau (CFPB) 89

Consumer Financial Protection Bureau (CFPB) CFPB Credit Union Consumer 89

PYMNTS

OCTOBER 21, 2020

Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square.

Point-of-Sale (POS) 122

Point-of-Sale (POS) Push-to-Card PayPal Volume 122

PYMNTS

JULY 1, 2020

Since it was launched in 2009, the monies have financed a total of $35 billion in trade, with $13 billion in low-income and lower middle-income countries and $3.5 The signing extends an existing fund under IFC’s Global Trade Liquidity Program, bringing the total to $2 billion. billion directed to the world’s poorest countries.

Finance 93

Finance On-Demand B2B Blockchain 93

The Fintech Times

DECEMBER 16, 2024

It complements other regulatory requirements, including financial services and consumer credit licensing, advice, training and disclosure obligations under theCorporations Act 2001and theNational Consumer Credit Protection Act 2009. “We know scammers are constantly looking for new ways to exploit people.

Scams 64

Scams Online and Mobile Banking Non-Bank Transactions 64

PYMNTS

APRIL 2, 2020

Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. Borrowers, who realized the credit lines were halted when they signed onto their accounts, claim the company did not provide them with notice, according to a Bloomberg report.

Small Business 78

Small Business Underwriting Adjustments Economy 78

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. No, we’re not talking about the launch of Square – that was in February of 2009. True in 2009. The skies parted, the Earth shook and the song of angels was heard from on high. Well, that’s how we remember it, anyway.

Online and Mobile Banking 71

Online and Mobile Banking Innovation Credit Cards PayPal 71

PYMNTS

MARCH 3, 2020

Kia’s limited UVO service started in 2009, but it needed the right infrastructure to launch a mass-market version. “With Zuora’s platform, we have the ability to quickly and easily iterate our connected services in order to deliver continuous value to Kia customers across the globe.”.

On-Demand 87

On-Demand Innovation Technology Continuity 87

PYMNTS

NOVEMBER 2, 2020

NerdWallet was founded in 2009 and had raised $105 million in funds as of March. Tax software company Intuit , which runs TurboTax and QuickBooks , eyed buying NerdWallet, alongside Credit Sesame , Finicity and CreditKarma , the last of which it did end up purchasing early this year. The deal for NerdWallet didn't end up going through.

Acquirers 83

Acquirers Finance Small Business Governance 83

PYMNTS

NOVEMBER 25, 2019

1.8M: Amount Walmart allegedly owes Jefferson Parish, Louisiana in unpaid 2009 to 2015 sales taxes. Data: $57M: Expected value of state revenue to be generated by Arizona’s online transaction tax in 2020. 41.7M: Projected state revenues tied to Massachusetts’ economic nexus tax in FY 2020.

Consumer 60

Consumer Disputes Agreements Rules 60

Finovate

JANUARY 31, 2024

Founded in 2009, Tango Card has experienced 800% growth since 2018. Tango was founded in 2009 to help enterprises reward their employees with a prepaid card, charity donation, direct deposit, or via a selection of more than 1,000 gift cards. Blackhawk Network is acquiring incentive delivery technology company Tango Card.

Acquirers 52

Acquirers Direct Deposit B2B Innovation 52

FICO

SEPTEMBER 13, 2022

Before the financial crisis of 2008-2009, average spend had been steadily rising with the same increasing trend seen before the pandemic hit. During 2008-2009 and in the first year of the pandemic, spend dropped with a higher decrease during the pandemic because of the restrictive lockdowns. In 2008 it was 5.25% with 4.62% in 2009.

Credit Cards 52

Credit Cards Advisors Issuers Consulting 52

FICO

SEPTEMBER 9, 2019

Since bottoming out at 686 in Oct 2009, there have been nine consecutive years of increases in the national average FICO Score. As a result of these developments, consumer credit profiles and financial health have shown significant improvement since bottoming out in 2009. The latest data is in, and the average U.S.

Fed 74

Fed Push-to-Card Origination Consumer 74

Finovate

JUNE 4, 2024

Headquartered in Amsterdam, Backbase has been a Finovate alum since 2009. Headquartered in Amsterdam, Backbase has been a Finovate alum since 2009. The integration will bring new appointment scheduling functionalities to users of Backbase’s Engagement Banking platform.

Advisors 59

Advisors Origination Participant Innovation 59

PYMNTS

JUNE 19, 2020

In 2009, the number was 49. He also predicted 192 bankruptcies involving at least $100 million in debt, which would trail 2009’s record of 242. Altman expects at least 66 companies with more than $1 billion in debt to file this year.

Finance 59

Finance Economy 59

PYMNTS

MAY 1, 2019

The four biggest banks in the country, collectively, “had almost $4 billion in charge-offs from credit cards in the last quarter,” with only $656 million from other loans, the biggest gap since 2009. The charge-offs make up an upward of 80 percent of all “credit costs, up from 67 percent just three years ago.”.

Credit Cards 76

Credit Cards Consulting Economy Consumer 76