Fintech Finance

JANUARY 15, 2024

This first-of-its-kind functionality allows customers to extend their spending capabilities beyond their existing credit limit. Preloading works by allowing customers to top up their Capital on Tap credit balance with their own funds.

Credit Limit 52

Credit Limit Credit Cards Small Business Accounts 52

The Fintech Times

FEBRUARY 14, 2024

Spotlight on application woes Over the course of a year, lenders rejected credit applications for over nine million adults, with one in 20 individuals experiencing three or more declines. Multiple applications within a short timeframe can signal risk to lenders, potentially leading to continued rejection and inferior offers.

Credit Cards 59

Credit Cards Addressing Credit Limit Checks 59

PYMNTS

SEPTEMBER 7, 2020

At the commencement of 2020, the commercial card was continuing to find its footing in a world of B2B payments in which supplier acceptance remained limited. Amid these controversies, smaller commercial card FinTech startups like Brex continued to add new competition into the market. Winter Blues. Spring’s SMB Support.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

JULY 6, 2020

QBE Australia Pacific CEO Vivek Bhatia said the announcement marks a continuation of QBE’s strategy to simplify its business. As PYMNTS reported , last month Paytm expanded its Paytm Postpaid program so that its payments app can be used in convenience shops and chain stores, along with the possibility of an increased credit limit.

Credit Limit 72

Credit Limit Authorization Acquirers Product 72

Fintech Finance

SEPTEMBER 12, 2024

“We’re in a great position to continue executing on a sustainable growth strategy, elevating our operational performance across all areas of our business, while delivering customer-centric technology innovation. Prior to this, Doyle held senior financial crime positions at banks, such as Revolut, Clearbank, and Tandem Bank.

Compliance 98

Compliance Cross-Border Payments Cross-Border Fraud Prevention 98

Fi911

JULY 8, 2024

And, as online sales continue to skyrocket, so too does the number of fraud attempts. Bust Out Fraud Bust out fraud is a method where fraudsters build up a credit profile over time, only to max out the credit limits on various accounts before disappearing. How Big of a Problem is eCommerce Fraud?

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

PYMNTS

SEPTEMBER 24, 2018

The company touts its ability to provide startups with higher credit limits, reports noted, and does not place liability of the cards onto its clients’ founders. At the time, Ribbit Capital and Y Combinator Continuity led the investment, while PayPal Co-founders Peter Thiel and Max Levchin also participated.

Commercial Card 70

Commercial Card Request for Comment Push-to-Card Visa 70

FICO

JUNE 22, 2016

FICO's research also found that they are more interested than other generational groups in receiving notifications from their card provider on upcoming or missed payments, suspicious account activity and credit limit warnings.

Card Issuer 67

Card Issuer Credit Cards Issuers Debit Card 67

The Fintech Times

JULY 30, 2024

For example, it uses them to help protect customers from fraudsters, and across various borrowing products and contexts, which are key drivers of lending decisions, from accepting credit applications to setting credit limits and interest rates.

Disaster Recovery 59

Disaster Recovery Credit Limit On-Demand Continuity 59

PYMNTS

MARCH 3, 2020

“We see supplier-customer portfolios with credit limits that are five to 10 times higher than they should be,” he said. Many sellers have a broken internal process to increase a credit line , so they set that limit as high as possible, so they don’t have to revisit the account later.”. The Outsourcing Decision.

Accounts 74

Accounts Underwriting Reconciliation Credit Limit 74

PYMNTS

SEPTEMBER 20, 2018

Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. X Financial offerings include a balance-transfer credit card product and an unsecured, high-credit-limit loan product. The company has facilitated 1.7

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

The Fintech Times

MAY 3, 2024

European spend management platform Pleo has secured a €40million debt financing facility from HSBC Innovation Banking UK , the specialist financial partner for the innovation economy, enabling Pleo to offer higher credit limits to even more customers, providing greater flexibility in financial options available to them.

Multi-Currency 59

Multi-Currency Finance FinTech Treasury 59

PYMNTS

OCTOBER 29, 2018

Capital One Financial and Discover Financial Services, two of the largest credit card issuers in the country, are tightening lending standards, which is reportedly an unusual move in an economy that is booming. The WSJ noted that 33 percent of Capital One’s domestic card balances are owed by consumers who are considered subprime.

Credit Cards 67

Credit Cards Card Issuer Economy Credit Limit 67

Fintech Finance

FEBRUARY 14, 2025

By integrating Affirms offering into banking products, FIS continues to unlock growth opportunities for clients across the money lifecycle, help meet the demands of the growing market and strategically position financial institutions to capitalize on the offerings potential by fostering customer loyalty and accelerating growth.

Debit Card 59

Debit Card Online and Mobile Banking Issuers Underwriting 59

PYMNTS

SEPTEMBER 20, 2018

In terms of mechanics, a single-use account means that each supplier payment is tied to a virtual account number, and the credit limit is set to the amount that is dictated by each payment. The biggest obstacle continues to be the fees and costs inherent in issuing, using and accepting the cards.

Void 76

Void Checks Push-to-Card Rules 76

FICO

JULY 10, 2017

US consumers continued to show improvement in managing their debts, which began shortly after the bottoming out of the economy in 2009-2010. There continues to be a steady decrease in the percentage of consumers with recent serious delinquencies (defined as 90+ days past due) — from 19.4% of the population in October 2013 to 16.5%

Consumer 75

Consumer Continuity Credit Limit Underwriting 75

PYMNTS

OCTOBER 5, 2018

. “If you have raised millions of dollars from credible investors, why is it that you can’t get a credit card instantly and why aren’t the credit limits more flexible?” ” said Y Combinator Continuity Fund Partner Anu Hariharan, also a member of the Brex board, in an interview with the WSJ.

Commercial Card 57

Commercial Card Credit Cards Credit Limit Continuity 57

PYMNTS

OCTOBER 6, 2017

The companies have also developed a new solution, the “Pay Later” offering, that enables companies to borrow, based on a credit limit, for up to a year. SMBs can make multiple drawdowns, while the credit line gets replenished based on borrower repayments, the news reports explained.

Credit Limit 55

Credit Limit Finance Economy Continuity 55

PYMNTS

JUNE 25, 2020

The loans, according to the release, will be like Asto’s usual loans, with SMBs having control over how they use the credit limit and whether they repay in six or 12 months. Asto will now be offering flexible loans for small- to medium-sized businesses (SMBs) on the Funding Options platform, according to a press release.

Credit Limit 60

Credit Limit Returns Authorization Accounts 60

PYMNTS

JANUARY 25, 2019

“Our disciplined focus on delivering profitable growth continued to drive solid operating performance and strong returns in the fourth quarter,” Roger Hochschild, CEO and president of Discover, said in a press release. We believe these initiatives will set us up for continued growth and industry-leading returns going forward.”.

Credit Cards 49

Credit Cards Returns Card Issuer Credit Limit 49

PYMNTS

JULY 2, 2020

Or maybe it’s maxed out the credit limit. That translates to a high correlation between the ability to check out using that payment method and the incentive to continue to use it for all purchases. So we’re continuing to make those macro changes and improvements,” he told Webster. Transaction declined.

PayPal 91

PayPal Issuers Online and Mobile Banking Authorization 91

PYMNTS

JUNE 20, 2018

The Series B funding was led by Y Combinator Continuity , Thiel and Levchin, investor Yuri Milner, VC Ribbit Capital and former Visa CEO Carl Pascarella. According to its press release, Brex wants to enable startups to access credit card products. . An announcement Tuesday (June 19) said Brex raised $57 million for its solution.

PayPal 46

PayPal Commercial Card Credit Limit Credit Cards 46

PYMNTS

MAY 1, 2019

The Fundbox business capital platform integration provides credit to those retailers, allowing vendors to authorize funds from that credit limit and earmark them so they cannot be spent until the sale is captured, the companies explained. “As such, we felt that partnering with Brandwise made complete sense.”

B2B 53

B2B Credit Limit Compromise Volume 53

PYMNTS

SEPTEMBER 23, 2016

Credit card APRs have remained solidly above 15.10 consumers are showing no reluctance to continue piling on their debt, as aggregate U.S. credit card balances are approaching the $1 trillion figure, according to the Federal Reserve. And credit card balances are on the rise as well. “We Despite these higher rates, U.S.

Credit Cards 70

Credit Cards Federal Reserve Credit Limit Consumer 70

PYMNTS

AUGUST 23, 2019

Moreover, Magento customers can enjoy all the benefits of Brex, including higher credit limits, instant online underwriting without personal guarantees and tailored rewards to online retail businesses. People looking for payments and short-term financing solutions on Magento can now seamlessly apply to Brex within the platform.

Technology 49

Technology Credit Cards Credit Limit Underwriting 49

FICO

DECEMBER 22, 2020

Our analysis of UK card trends for November 2020 reflects the mixed financial fortunes of UK consumers as well as highlighting the continuing debt waiting game. Our new data shows that despite the introduction of the second national lockdown, credit card spend increased in November, as Christmas shopping got underway, boosted by Black Friday.

Posting 52

Posting Credit Cards Issuers Payments 52

FICO

SEPTEMBER 3, 2018

In terms of the collections optimization that we have done very recently, that was really a follow-on from previous optimizations that we’ve done and this was really our next step in our journey towards a fully optimized business we did 15 years ago around credit line/credit limit optimization.

Credit Limit 40

Credit Limit Origination Risk Rules 40

Fintech News

SEPTEMBER 4, 2024

Zed’s innovative offering will include a no-fee credit card with features such as no hidden charges for international use, zero-interest on purchases for up to 31 days, and an advanced app with real-time transaction monitoring and security features like card freezing and unlimited virtual cards for secure online transactions.

FinTech 114

FinTech Cross-Border Payment APIs and Integration Credit Cards 114

PYMNTS

JUNE 19, 2018

According to a company blog , Brex said the investors in this round of fundraising included Y Combinator Continuity , PayPal Founders Peter Thiel and Max Levchin, Facebook investor Yuri Milner, financial services VC Ribbit Capital and former Visa CEO Carl Pascarella.

Credit Cards 46

Credit Cards Credit Limit PayPal Card Services 46

Wharton Fintech

OCTOBER 12, 2023

Inspiration for innovation at Finley: consumer credit and technology on the equity fundraising side Jeremy: We actually look to innovation that’s happening in the consumer credit space. If you would ask 2020 wide Jeremy, I would say hey, it’s, it’s these five verticals, it’s FinTech, real estate, transportation, and these five only.

Agreements 130

Agreements Use Case Rules FinTech 130

PYMNTS

JUNE 7, 2019

At the time, Y Combinator Continuity Fund Partner Anu Hariharan also explained to the publication the need for startup financing that Brex aims to fill. . “If the company grows as much as we expect it to grow, it’s a $100 billion business,” Co-Founder Henrique Dubugras told Wall Street Journal reporters last year.

Accounts 47

Accounts Commercial Card Credit Cards Credit Limit 47

PYMNTS

JANUARY 14, 2021

Upgrade, a financial services platform that offers personal loans and an installment credit product tied to a credit limit, grew by 75 percent in 2020 as it achieved profitability with a $160 million annual revenue run rate. It also comes on the heels of what Laplanche described as a great year for the firm.

Mobile Banking 71

Mobile Banking Product Credit Cards Debit Card 71

FICO

JUNE 16, 2022

Higher inflation is also leading to rising interest rates as the Federal Reserve has already increased the base funding rate by 75 basis points this year and has said that they will continue to raise rates to tackle inflation. These changes to credit limit management led to a 30.9%

Credit Cards 52

Credit Cards Push-to-Card CHIPS Credit Limit 52

FICO

DECEMBER 11, 2018

LIFECARD, a credit card company with more than 5.7 million accounts, is the first lender in Japan to adopt the FICO® Score to enhance its credit assessment for existing customers. LIFECARD is also using the FICO® Score to realize risk and cost reduction by better evaluating credit risk eligibility.

Credit Limit 40

Credit Limit Credit Cards Assessments Credit Risk 40

PYMNTS

FEBRUARY 20, 2020

However, according to Eric Glyman, CEO and Co-founder of corporate card company Ramp , commercial card products continue to encourage businesses to spend more, not less — and they are often unable to address the particular spend management challenges of fast-growing businesses.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

PYMNTS

JANUARY 23, 2020

And consumers who have high “utilization ratios” measured by borrowings divided by credit limits, will also have lower scores. For example, consumers who transfer credit-card debt to a personal loan but continue to rack up credit-card balances will likely experience a bigger drop in their credit scores,” the news outlet reported.

Credit Cards 52

Credit Cards Federal Reserve Credit Limit Credit Risk 52

Fintech Finance

DECEMBER 5, 2023

As enterprises continue to evaluate their digital transformation efforts, there is still an opportunity to innovate the online B2B payments experience to eliminate checkout friction and increase conversions,” said Dan Zimmerman, Chief Technology Officer of TreviPay.

Payment Solutions 52

Payment Solutions Payment APIs and Integration B2B Payments 52