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. The opportunity is also gigantic, Cheng told Webster, given that the country has some 800 million working adults, with less than half of them in possession of a credit card.

P2P 66

P2P Credit Cards Online and Mobile Banking Credit Limit 66

PYMNTS

APRIL 4, 2018

Using their technology to analyze that kind of data, Gross noted, means they will be able to accept more customers and, in general, offer higher credit limits to customers (up to $10,000) because they have a much clearer picture of what they can afford. about their vision,” Gross noted.

Credit Cards 53

Credit Cards Underwriting Product Regulations 53

PYMNTS

MAY 15, 2018

Subprime customers — and the higher interest rates associated with underwriting their unsecured debt — were also served with a variety of products in the market. They are just vastly underserved. credit cards in their wallet. And this, he told PYMNTS, isn’t a niche class of borrowers, of whom anyone would call underbanked.

Push-to-Card 46

Push-to-Card Non-Bank Credit Cards Consumer 46

PYMNTS

SEPTEMBER 15, 2017

According to Orloff, LendUp and Beneficial State came up with the idea to offer a socially responsible credit card product several years ago, but it only came to market this spring. Good credit isn’t built overnight, and neither are underwriting systems that help consumers build it. We have to change this entire system.”.

Financial Inclusion 79

Financial Inclusion FinTech Credit Cards Caps 79

CB Insights

FEBRUARY 13, 2020

‘PayFac’ technology simplifies underwriting and onboarding. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. ‘PayFac’ technology simplifies underwriting and onboarding merchants. TABLE OF CONTENTS. A decade of online payments innovation.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

Fintech Labs Insights

MARCH 14, 2019

Using a classic startup strategy, they identified an underserved segment, VC-backed startups (especially its fellow alums at Y Combinator), and built a card for their needs. And with that momentum, they’ve moved to a second, and much bigger underserved segment, revenue-rich and capital-poor ecommerce companies.

Underserved 12

Underserved Credit Limit Underwriting PayPal 12