PYMNTS

JANUARY 7, 2021

To put the latest move into perspective, Experian said 2020’s larger-than-usual annual increase accounted for one-third of the total improvement in scores seen since 2010, which have inched higher in 9 of 10 years. Using average numbers to illustrate America’s love affair with leverage can sometimes be misleading.

Credit Cards 94

Credit Cards Consumer Financial Protection Bureau (CFPB) Federal Reserve CFPB 94

PYMNTS

JULY 31, 2017

The first thing people check in the morning and something that is typically on their person at all times just got a jolt to its competition. Within this loan grant, 18 banks across the Middle East, Europe and Asia participated in financial contributions. What Xiaomi may have on its side is its newness to the smart product market.

Non-Bank 40

Non-Bank Participant Checks Product 40

Stax

NOVEMBER 20, 2023

TL;DR Founded by American Express in 2010, Small Business Saturday encourages consumers to shop at local small businesses. It was established by American Express in 2010 and gained official recognition from the US Senate the following year. But what exactly is it, what are its benefits, and how can you leverage it to your advantage?

Small Business 88

Small Business Online and Mobile Banking Participant On-Demand 88

PYMNTS

APRIL 12, 2018

India’s Punjab National Bank (PNB) is conducting an internal investigation into an alleged $2 billion fraud, vowing to come down on anyone involved in the crime. “We So far, 20 people have been arrested, and a court has issued non-bailable warrants against jewelers Modi and Choksi. In February, PNB announced that it had discovered $1.8

Continuity 40

Continuity SWIFT Non-Bank Correspondent 40

PYMNTS

SEPTEMBER 26, 2016

The driving force behind the growth in non-cash payments, according to Capgemini, is due in part to strong economic growth in key developing countries, as well as increased security measures and government initiatives to engender electronic payments in certain markets. Checks have decreased for years and continue to do so, down 10.8

Payments 73

Payments Fraud Detection Non-Bank Volume 73

PYMNTS

JANUARY 30, 2018

When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. Last week, the bank shut down the program completely.

Direct Deposit 43

Direct Deposit Online and Mobile Banking Checks Non-Bank 43

PYMNTS

DECEMBER 10, 2018

The consumer value prop was the functionality of a debit-like product, since funds to pay merchants were pulled directly from their checking accounts, without the consumer having to switch their existing DDA account to a new bank to get the generous cash-back goodies. Merchants paid less when they accepted those cards.

ACH 73

ACH Credential Push-to-Card Breach 73

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. The Rundown on the Run-up to the Decisions.

P2P 54

P2P Origination Underwriting Returns 54

Nanonets

FEBRUARY 14, 2024

Furthermore, in the case of an audit, the detailed organization of transactions by GL code simplifies the process of providing necessary documentation and explanations, reducing the risk of penalties or fines for non-compliance. 2010 - Accounts Payable) to represent the liability created by this transaction. How to Assign GL Codes?

Transactions 52

Transactions Audit Accounts Automation 52

PYMNTS

DECEMBER 28, 2018

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. According to the Federal Reserve , U.S.

Non-Bank 58

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

PYMNTS

OCTOBER 17, 2017

ILCs are used to form industrial loan companies, better known as industrial banks. An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956.

FDIC 43

FDIC FinTech Community Banks Push-to-Card 43

Nanonets

FEBRUARY 28, 2024

These foundational documents could be invoices or cancelled checks, serving as evidence of the transactions recorded. 02/04/24 Bank Loan - ABC Bank, Loan #987654 104 5000.00 Bank Reconciliation : Tools to match bank transactions with GL entries. 02/03/24 Rent Expense - Office Space, Account #345678 103 800.00

Automation 52

Automation Payment APIs and Integration Accounts Transactions 52

FICO

JANUARY 15, 2021

Sally notes that analysis of FICO® Resilience Index data by Tom Parrent, former chief risk officer for Genworth Financial, shows that from 2010 to 2015, nearly 600,000 additional mortgages could have been originated to consumers with FICO® Scores between 680 and 699, had the FICO® Resilience Index been available to lenders at the time.

Posting 59

Posting Agreements Credit Cards Consumer 59

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

CB Insights

AUGUST 14, 2018

The store leverages technology like machine vision, AI, and sensor technology to allow customers to shop without checking out at a register: shoppers are simply automatically charged for their items via the Amazon Go app. .” In January 2018, Amazon launched its automated cashier-less Amazon Go store in Seattle. ” 14.

Bitcoin 78

Bitcoin Online and Mobile Banking Advisors Origination 78

CB Insights

FEBRUARY 28, 2019

John Chambers, the CEO of Cisco, at Davos in 2010. When many investors buy stock, they become price-obsessed, constantly checking the ticker to see if they’re up or down money on any given day. Source: World Economic Forum. Buffett excoriated these leaders in his 2001 letter to shareholders. Stock ownership. We agreed to pay $2.3

Returns 78

Returns Acquirers Risk Product 78

CB Insights

OCTOBER 31, 2019

Commercial Banking: How JP Morgan’s chatbot saves the company 360,000 hours a year. At the most rudimentary end of the spectrum, there are the bots that banks use to prompt callers through a phone tree, telling them to say “yes,” “no,” “check my balance,” etc. The rise and fall of chatbot hype: How the bubble burst.

Bots 78

Bots Legal Online and Mobile Banking Research 78

CB Insights

SEPTEMBER 4, 2019

The ubiquity of price-comparison apps and the convenience of e-commerce are making it easier than ever for frugal millennial travelers to find great deals, and 85% of millennial travelers check multiple sites before making a commitment. This gives millennials a dining option that doesn’t sacrifice too much quality for affordability.

Online and Mobile Banking 78

Online and Mobile Banking On-Demand Product Consumer 78

PYMNTS

OCTOBER 21, 2019

In November 2010, AT&T, T-Mobile and Verizon Wireless announced that they had joined forces to build a “transformative” mobile commerce network for their collective 200 million or so subscribers to compete with Visa, Mastercard and American Express. The earliest big names in the game were the carrier networks.

Innovation 52

Innovation Payments Online and Mobile Banking Mobile Payments 52

PYMNTS

JANUARY 7, 2019

And that will muddy even further the brand waters of bank, payments and retail brands that feel invisible today in a mobile payment, mobile phone-driven world. Part of that friction is checking out. Checkout lines will soon become passé, and checkout will become a non-event. Of those customers, 8.9 See Amazon Go.

Online and Mobile Banking 82

Online and Mobile Banking Innovation Mobile Payments Consumer 82

CB Insights

OCTOBER 31, 2017

After Amazon announced in March that it was planning to shut down Diapers.com and all the other eCommerce sites operated by Quidsi, the company it acquired in 2010 — the online retailer has pulled all of the Quidsi apps from its app store. Title: Millions still in the bank, GoZoomo shuts shop, returns VC money. Product: Quidsi.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

CB Insights

NOVEMBER 16, 2017

Even Peter Thiel, who wrote the first check to Facebook, later worried the company was overvalued and sat out a subsequent round while Accel maintained its conviction in Facebook. Mobileye built a successful company in Jerusalem, outside of traditional tech hubs, and raised money from non-traditional investors like Goldman Sachs.

Returns 78

Returns Online and Mobile Banking Acquirers On-Demand 78

CB Insights

MAY 15, 2019

DBS Bank — DBS Asia X (DAX). DBS launched its Singapore innovation lab to break out of its “traditional banking mindset to think, behave, and deliver more like a technology company,” according to Neal Cross, chief innovation officer. Parents can set limits, send emergency cash, and check activity levels via an accompanying app.

Innovation 78

Innovation Finance Online and Mobile Banking Blockchain 78