CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. Incumbents Play Catch-Up.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

Fintech News

MARCH 18, 2024

The report, released in September 2023, looks at the Thai fintech sector, highlighting the rise of digital payments and the explosive growth of real-time transactions, as well as presenting the opportunities that exist in digital remittances, open banking, business-to-business (B2B) payments and agricultural lending.

FinTech 111

FinTech Online and Mobile Banking Blockchain Product 111

PYMNTS

OCTOBER 25, 2016

The updated Powered Buy Platform will support integration through a single API, one merchant account and one underwriting process. The latest additions to the Powered Buy Platform will connect merchants to more than 20 acquiring banking relationships globally and also enable them to sell around the world. “We

Gateways 68

Gateways Payment APIs and Integration Online and Mobile Banking Underwriting 68

Stax

JANUARY 22, 2024

In a world where we’re spending more and more time online and every click is a potential transaction, it’s no surprise the eCommerce and digital payments sectors are experiencing exponential growth. The payment gateway acts as a virtual bridge, securely transmitting payment information between the merchant, customer, and acquiring bank.

Payment Gateways 88

Payment Gateways Gateways Facilitators PCI DSS 88

Stax

FEBRUARY 15, 2024

The payment processing industry facilitates electronic transactions between merchants and customers, spanning online, mobile, and in-person payments. It involves a complex ecosystem of financial institutions, including acquiring banks, payment processors, and card networks, alongside technology providers and regulatory bodies.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

Clearly Payments

DECEMBER 5, 2023

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. 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

SEPTEMBER 28, 2016

Except for the peer rating offered on merchants’ websites, be it positive or negative, but then again, that’s more of an original underwriting process, and that’s been already going on for many years. And also, finding a new, more efficient model to underwrite merchants was definitely very innovative at that time.

Innovation 76

Innovation Online and Mobile Banking Underwriting On-Demand 76

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

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

Exact Payments

OCTOBER 30, 2023

With the explosion of cloud-based software, e-commerce, and mobile payments, a significant portion of transactions now take place online. Payment processing refers to the digital transfer of funds between a merchant‘s bank account and a customer’s bank account.

Facilitators 52

Facilitators Processors Payment APIs and Integration ISOs 52

PYMNTS

MAY 24, 2017

A partnership between logistics giant FedEx and online global payment gateway BlueSnap will make it easier than ever for merchants to ship their products worldwide. BlueSnap’s platform connects to more than 20 global acquiring banks through a single API and underwriting process to offer merchants better payment conversions.

Cross-Border 44

Cross-Border Online and Mobile Banking Payment Gateways B2C 44

Fintech Labs Insights

AUGUST 20, 2015

billion) went to three online lenders (Sofi = $1 billion, Avant = $340 million, Dianrong = $220 million). Marketplace lender and digital banking solutions provider. Marketplace lender and digital banking solutions provider. Mobile investment research & management tool. billion, from 25 companies. Alt-consumer lending.

Online and Mobile Banking 31

Online and Mobile Banking Underwriting FinTech P2P 31

PayHawk

APRIL 18, 2023

A Acquirer The financial institution that processes payments on behalf of merchants. Automated Clearing House (ACH) An electronic network that enables the transfer of funds between bank accounts. B Bank Identification Number (BIN) The first six digits of a payment card number that identify the card issuer.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

The Fintech Times

AUGUST 8, 2024

Appointments Torpago , a commercial credit card and spend management provider for banks, hires Chris Boncimino , as head of business operations. He brings over two decades of experience in the financial services sector, having led business and technology teams at major banks and technology firms.

FinTech 69

FinTech Cross-Border Cross-Border Payments Credit Cards 69

PYMNTS

JUNE 1, 2016

There’s no doubt about it, the merchant acquiring space is undergoing continuous change and innovation, and there are a lot of players both shaking up and disrupting the existing model. But there’s one area, in particular, that Roy Banks, the CEO of NMI , tells Karen Webster is headed for the merchant acquiring graveyard – and rather quickly.

VARS 40

VARS Online and Mobile Banking Underwriting Acquirers 40

Stax

AUGUST 22, 2024

According to Forrester’s data, digital payments are the most used payment method today, with 69% of American adults using them to make payments online. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Stax

JANUARY 10, 2024

Basics of Credit Card Fees Credit card fees refer to a range of charges that are imposed by credit card issuers on cardholders and merchants for completing credit card payments, either online or in person. Rather, they negotiate with banks such as Chase or Citibank to receive a “merchant discount rate” that is passed onto them by their bank.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

PYMNTS

OCTOBER 22, 2020

On the consumer side of the equation, of course, higher mobile device penetration and internet connectivity mean that consumers can take advantage of those new offerings. In the great digital shift, as Purcell mused, is every app becoming a bank (and vice versa)? Loans get people started on online stock trading platforms.

FinTech 67

FinTech Online and Mobile Banking Privacy B2B 67

PYMNTS

MAY 13, 2016

Karen Webster spoke with NMI CEO Roy Banks to better understand his take on the future of PayFacs and their impact on the merchant services business. As the CEO of NMI, Banks has mashed up the notion of a payments gateway with the notion of merchant aggregation to create a platform that powers this whole new category of player.

ISOs 40

ISOs Underwriting Gateways Payment Gateways 40

Fintech Labs Insights

JULY 17, 2015

Online alt-lender. Mobile banking platform. Mobile payment system for restaurants. Mobile point-of-sale system . Tags: Payments, mobile, mPOS, merchants, acquiring, cards, SMB. Source: FT Partners. RealtyMogul. Marketplace lender for real estate projects. HQ: Los Angeles, California. AcadiaSoft.

FinTech 29

FinTech Online and Mobile Banking Underwriting P2P 29

PYMNTS

MAY 10, 2017

However, if you want to finance that product, you need to go to David’s Bridal or a big box store because they have the resources to work with the big banks so they can offer the consumer financing,” Lisiewski noted. We underwrite to credit worthiness instead of to a specific transaction.”.

Finance 51

Finance Online and Mobile Banking Consumer Underserved 51

EBizCharge

MAY 8, 2024

Your business can achieve this level of payment efficiency by knowing what a payment facilitator is and how it connects merchants and banking systems to accelerate and secure the flow of funds. Risk and compliance: PayFacs assume responsibility for underwriting and compliance risks as they onboard and manage sub-merchant accounts.

Facilitators 52

Facilitators ISOs Processors Payments 52

Fintech Labs Insights

JULY 10, 2015

Online payments. Online financing for small business working capital. Online remittances & P2P transfers. Tags: Micropayments, POS, SMB, merchants, mobile payments, Finovate alum. Total raised: $307 million ($215 million debt; $92 million equity). Source: Crunchbase. LSQ Funding. Receivables financing. Lendingkart.

Underwriting 29

Underwriting FinTech Online and Mobile Banking P2P 29

PYMNTS

APRIL 18, 2017

With that new focus also comes the rise of the payment hustler — a new breed of fraudster that deals in illicit products of services, typically operates online and has progressed from transaction laundering to payments laundering in the pursuit to get paid from their illegal crimes. Payment Hustlers on the Rise. Knocking the Payment Hustler.

Law Enforcement 45

Law Enforcement Money Laundering Payments Online and Mobile Banking 45

Fintech Labs Insights

NOVEMBER 18, 2014

In late summer, I published a two-part post detailing the most important retail banking projects for next year ( here and here ). So in semi-prioritized order, here are six myths that continue to hamper the strategic planning of retail banks (at least in the United States). Those things can easily be done on mobile.

Online and Mobile Banking 30

Online and Mobile Banking Non-Bank P2P Consumer 30

PYMNTS

APRIL 23, 2018

Point-of-sale (POS) terminals are being disintermediated by consumers using the very device that gave digital payments acceptance to micro-merchants: the mobile phone. The retailer became the category leader by moving yard and garage sales online and later by expanding into selling new branded products. To name but a few. Yes, they do.

Online and Mobile Banking 47

Online and Mobile Banking Consumer Product Point-of-Sale (POS) 47

Fintech Labs Insights

MAY 15, 2015

Online accounting & invoicing. Online lending ( Paidy ). Mobile payments & rewards. Tags: Payments, mobile, acquiring, SMB. Source: TechCrunch. Credit Sesame. Consumer credit management. HQ: Mountain View, California. Latest round: $16 million. Total raised: $35.4 Source: Crunchbase. Source: FT Partners.

Underwriting 28

Underwriting Online and Mobile Banking FinTech P2P 28

Fintech Labs Insights

OCTOBER 26, 2015

Web and mobile payment solutions for merchants. Online personal financial management. Mobile payment & loyalty app. Mobile transaction aggregation. SoftPay Mobile. Mobile point-of-sale. Online platform for equity investing. Online telecom recharge & billpay. Source: Crunchbase.

Online and Mobile Banking 27

Online and Mobile Banking FinTech P2P Underwriting 27

Fintech Labs Insights

OCTOBER 9, 2015

Consumer credit underwriting. Mobile payments. Developer tools for mobile card acceptance . Developer tools for mobile card acceptance . Cybersecurity tools for banks and credit unions. Tags: B2B, credit cards, payments, mobile, card processing, API, Finovate/FinDEVr alum. Source: Crunchbase. ZestFinance.

FinTech 29

FinTech Online and Mobile Banking P2P Underwriting 29

Fintech Labs Insights

NOVEMBER 12, 2015

Mobile payments for mcommerce companies. Mobile bank. Tags: Enterprise, fraud, security, online banking, payments, API, developers, big data. Here are the deals by size from 7 Nov to 12 Nov, 2015: NCR. ATMs, POS & financial technology. Latest round: $820 million Post-IPO equity. Total raised: Unknown.

NOV 29

NOV Online and Mobile Banking FinTech ATM 29

Fintech Labs Insights

SEPTEMBER 4, 2015

loans, commercial, underwriting, online, SMB. Mobile remittance service. Easy mobile trading for consumers. Mobile wallet. Tags: Acquiring, SMB, merchants, cards. Total raised: $60+ million. Source: Crunchbase. HQ: Seattle, Washington. Latest round: $12 million Debt. Source: GeekWire. QuanTemplate.

FinTech 29

FinTech P2P Online and Mobile Banking Funds Transfer 29

Fintech Labs Insights

SEPTEMBER 21, 2015

Also, long-time alum, Alkami Technology picked up $11 million Friday to further their e-banking solutions business. Online investment platform. Digital banking solutions. French neo-bank. Mobile payments. Tags: Consumer, payments, mobile, SMB. Here are the fundings by size from Sep. 12 through Sep.

FinTech 27

FinTech Online and Mobile Banking Debit Card Underwriting 27

Fintech Labs Insights

JUNE 6, 2016

Notable raises included Finovate alum Tagit which brought in nearly $9 million to supercharge its mobile application development platform. ——-. Mobile financial applications. Online financial advisor. Digital bank. Mobile on-demand insurance . Tags: Consumer, travel insurance, mobile. Consumer alt-lender.

Online and Mobile Banking 20

Online and Mobile Banking Debit Card FinTech Underwriting 20

Fintech Labs Insights

APRIL 13, 2016

Three Finovate alums raised capital and one of the first FinovateSpring presenters, TradeKing , was acquired by Ally Financial for $275 million. Online & offline real estate broker. Mobile payment platform for restuarants. Tags:Consumer, merchants, payments, POS, acquiring, debit/credit cards, mobile.

Online and Mobile Banking 20

Online and Mobile Banking FinTech Advisors Underwriting 20

Fintech Labs Insights

NOVEMBER 23, 2015

Financing online consumer purchases. Online small business financing. Mobile banking & payments platform. Mobile ecommerce & payments platform. Mobile point-of-sale solution. Online health insurance broker. Source: Crunchbase. Latest round: $101 million ($1 million equity, $100 million debt).

NOV 21

NOV Debit Card Online and Mobile Banking FinTech 21

Fintech Labs Insights

FEBRUARY 15, 2016

million to expand its mobile personal finance & savings app. Underwrites & guarantees high-risk credit card transactions . Mobile point of sale. Online stock brokerage. Digital banking app. Tags: Consumer, investing, trading, mobile. Three Finovate alums raised new cash: Xignite pulled in $20.5

Payment APIs and Integration 19

Payment APIs and Integration FinTech Online and Mobile Banking Underwriting 19

Fintech Labs Insights

SEPTEMBER 1, 2016

Online payment service. Mobile insurance broker. Mobile wallet. Tags: Consumer, payments, mobile. HQ: Oakland, California. Source: Crunchbase. Cloud cash and treasury management solutions. Latest round: $22.7 Total raised: $95.1 HQ: San Diego, California. Source: FT Partners. Insurance portal. Source: Crunchbase.

FinTech 18

FinTech Online and Mobile Banking Underwriting P2P 18

Fintech Labs Insights

AUGUST 1, 2016

D3 Banking raised $10 million. Online payroll system. D3 Banking. Banking platform. Tags: SMB, merchants, point-of-sale, ecommerce, acquiring, payments, credit/debit cards, trade finance, inventory management, BI. Of the total raised, $61.5 million was debt. BizFi raised $20 million. Avoka raised $12 million.

Underwriting 17

Underwriting Online and Mobile Banking Debit Card FinTech 17