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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. percent in 2019 and its share of borrowings at 3.63

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Ingo CEO On 2018’s Push Payments ‘Great Awakening’ (And What’s Next)

PYMNTS

With the launch of Ingo Money QuickConnect last week , the company capped off a year that CEO Drew Edwards told Karen Webster could best be characterized as the “Great Awakening” of push payments. We’ve finally moved beyond ‘so what is a push payment?’ to ‘how do I deliver real-time payments or fast funds to my customers?’”

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Intuit Reportedly Set To Spend $7B To Buy Credit Karma

PYMNTS

The deal will push the bookkeeping software giant more into the realm of consumer finance, people familiar with the deal said. Users also receive offers from companies for credit cards and loans, tailored to their credit history. Credit Karma was valued at $4 billion in a private share sale around two years ago.

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JCB Debuts QR Codes In South Asia

PYMNTS

The idea is to expand the service into three more Asian countries sometime in 2019, reported The Verdict. The idea is to expand the service into three more Asian countries sometime in 2019, reported The Verdict. The report noted Bank SinoPac plans to expand the service to over 3,000 merchants.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

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.

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The Push And Pull Of India’s Merchant Discount Rate Ban

PYMNTS

As the new year takes shape, the latest test in the push and pull of various stakeholders can be found in India. 17 USD) to 15 rupees on transactions of more than 2,000 rupees, and the cap is 60 basis points. 17 USD) to 15 rupees on transactions of more than 2,000 rupees, and the cap is 60 basis points.

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Payday Lending, P2P And Innovation Topped The Week’s News

PYMNTS

The busy morning activity in a coffee shop resembles the new Mastercard innovation push. The proposed credit card interest rate cap legislation , courtesy of Democratic presidential hopeful Senator Bernie Sanders and Rep. Were you able to keep up with all the news that happened this week? Top Performers. Here’s why. Businesses.

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