Post Tagged with: "credit cards"

Debitize Reaches $1 Million Mark, Launches Credit Optimizer

Debitize Reaches $1 Million Mark, Launches Credit Optimizer

by September 22, 2016 at 10:53 am 0 comments

Debitize, a startup helping millennials build credit without using credit (we’ll explain), reached a significant milestone last week and released a new product this week. The milestone is $1 million “debitized.” Users of the service essentially treat credit cards as if they were debit cards, and pay off balances through Debitize beforeRead More

Credit Karma Hits 60 Million Users, Will Add Mortgages

Credit Karma Hits 60 Million Users, Will Add Mortgages

by September 9, 2016 at 9:37 am 1 comment

Credit Karma now has 60 million users. Yes, that zero is supposed to be there. And the company, which gives out free credit scores and generates revenue from selling lending leads, is adding 1 million to 2 million users — which the company calls “members” — per month, a Credit Karma official told anRead More

The Opportunity To Disrupt the Credit Card Rails May Finally Be Opening Up

The Opportunity To Disrupt the Credit Card Rails May Finally Be Opening Up

by August 21, 2016 at 1:00 am 2 comments

Image source The transition to Chip and PIN credit cards in America currently looks like just a big conversion cost – good for vendors and consultants and a big extra cost and time suck for everybody else.  However, below the surface something bigger is brewing.  Chip on plastic is incrementalRead More

Robos and Credit Cards Coming to Ally Customers Soon

Robos and Credit Cards Coming to Ally Customers Soon

by June 15, 2016 at 9:31 am 3 comments

Ally Bank is all about appealing to its “digitally savvy” millennial customers base, says CEO Diane Morais. And rightfully so, since millennials now comprise nearly half – 48% – of the digital bank’s customer base. In that spirit, Ally is focusing its efforts on digital wealth management and credit cards, Morais saidRead More

Payments in Iran Now Said to Be Possible

Payments in Iran Now Said to Be Possible

by April 12, 2016 at 12:03 pm 2 comments

Yet another barrier to business in Iran appears to have fallen. Paymentwall, a San Francisco online payments company, announced today that it has integrated its payment services into the Shetab, which is Iran’s “unified, electronic clearance system for the entire Iranian banking operations that allows it to facilitate transactions fromRead More

MasterCard Secures Patent for Dynamic Account Numbers

MasterCard Secures Patent for Dynamic Account Numbers

by February 18, 2016 at 11:27 am 2 comments

Say goodbye to the 16-digital credit card number. MasterCard today was awarded a patent for what it calls “variable length bank identification numbers.” Essentially, the patent protects a computer system developed by MasterCard, one of the world’s largest payment networks, to assign account numbers that are not 16 digits long. The patentRead More

Payments is the boulevard of broken dreams, but cross border e-commerce is sweet

Payments is the boulevard of broken dreams, but cross border e-commerce is sweet

by January 7, 2015 at 3:39 am 0 comments

Any time you see a market as large as Payments, entrepreneurs rush in. And Payments is undeniably a huge market. According to Boston Consulting Group: “In 2013, payments businesses generated $425 billion in transaction revenues, $336 billion in account-related revenues, and $248 billion in net interest income and penalty fees related toRead More

Primary Fintech Innovation Defined, and Why Klarna Fits the Bill

Primary Fintech Innovation Defined, and Why Klarna Fits the Bill

by December 24, 2014 at 12:38 am 1 comment

Primary innovation is doing something that has never been done before. Most primary innovation is ridiculous and fails without anybody noticing. Very, very rarely, primary innovation changes the world and the company that creates the innovation becomes a Unicorn. Secondary innovation wins by giving a twist to that primary innovation.Read More

Everything You Need to Know About Prepaid

Everything You Need to Know About Prepaid

by August 14, 2014 at 5:38 pm 0 comments

Prepaid cards offer a significant opportunity to broaden product lines and modernize customer‐facing applications without massive changes to core processing systems. How should financial institutions grapple with, take advantage of, or succumb to prepaid in the coming decades?

Prepaid Will Dominate Mobile Wallets, Banks Warned

Prepaid Will Dominate Mobile Wallets, Banks Warned

by June 26, 2014 at 10:40 am 2 comments

An influential trade group today warned traditional banks that prepaid is likely to be the future engine behind mobile wallets.