Tillful Teams Up with Highnote and Mastercard to Introduce the Tillful Card, Helping Small Businesses Access and Build Business Credit Faster
- 3 years 3 months ago
- Credit Cards
The first-of-its-kind Tillful Card aims to create a more inclusive credit system
TransUnion Is First UK Credit Reference Agency To Accept Buy Now, Pay Later Data
- 3 years 3 months ago
- Lending, Payments, Credit Cards
Global information and insights provider TransUnion has announced it is ready to accept buy now, pay later finance into UK consumer credit files, being the first credit reference agency in the UK to do so. Following extensive research and product innovation, buy now, pay later finance – also known as deferred payment credit – will soon be included within TransUnion credit information to help protect consumers and enable finance providers to... more
FICO UK Credit Market Report December 2021: Omicron Didn’t Dampen Christmas Spending As Balances Increased - But Missed Payments Also Rising
- 3 years 3 months ago
- Payments, Credit Cards
New FICO data reveals potential for increased debt risk as missed payments rise at the same time as spending takes its usual seasonal upturn Highlights Overall card spend continues to increase – December 2022 £63 higher than in pre-pandemic December 2019 Average active balance also continues strong upward trend - £1,550 in December
Embedded Finance Startup Falcon Appoints Ex-banker Chinmaya Desai as Chief Business Officer Ahead of its Next Growth Phase
- 3 years 3 months ago
- Lending, Payments, Credit Cards, FinTech StartUps
Chinmaya will be responsible for company’s overall business growth besides driving partnerships across domestic and international markets
Why a Boost for Non-bank ATM Operators is on the Cards
- 3 years 3 months ago
- Covid-19, Credit Cards
Despite a shift to cashless payments, accelerated by the COVID-19 pandemic, independent ATM deployers will see growth as banks withdraw machines IADs can provide services in areas where bank ATMs are not economically viable
Chile’s Data-driven Lender Mento Launches on Mambu to Improve Financial Inclusion
- 3 years 3 months ago
- Payments, Credit Cards
Mento’s migration to the leading cloud banking platform will bolster Chile’s efforts to improve financial inclusion by providing microlending and other credit options to the unbanked and underbanked
Nium and FINCI Announce Partnership to Strengthen Payment Services Internationally
- 3 years 3 months ago
- Payments, Credit Cards
The partnership will enable FINCI to provide quicker and more cost-effective pay-outs to key markets in Europe and APAC
Splitit Finds Over Half of Uk Credit Card Holders Plan to Use Buy Now, Pay Later in 2022
- 3 years 3 months ago
- Payments, Credit Cards
Over half of UK credit card holders (54%) plan on using a Buy Now, Pay Later (BNPL)1 service within the next 12 months. 46% agree using a BNPL service is a smarter way to manage their finances. In the next year, a fifth (20%) plan to use a BNPL service over four times. Just under half (49%) agree they prefer a BNPL service that works with their current credit card(s).
Monneo Begins LatAm Expansion with Support of PIX in Brazil
- 3 years 3 months ago
- Payments, Credit Cards
In a move that reaffirms the company’s global reach, virtual IBAN and corporate account provider, Monneo, is delighted to announce the launch of its service in Brazil as part of its plans to serve customers who require payment solutions in Latin America.
Texas Bay Credit Union Collaborates With Scienaptic To Leverage Its AI-Powered Platform For Enhanced Credit Decisioning
- 3 years 3 months ago
- Artificial Intelligence, Lending, Credit Cards
Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Texas Bay Credit Union has chosen its credit decisioning platform. The collaboration will help the credit union to make stronger loan decisions and enhance member experience.
Contactless Transactions Surged in 2021 as Shoppers and Merchants Benefitted From £100 Limit Increase
- 3 years 3 months ago
- Transaction Banking, Credit Cards
The value of payments made contactlessly increased 40.2 per cent compared to 2020 The contactless limit increase to £100 in October 2021 increased the average number of transactions by 27.5 per cent year-on-year Thursday 23 December was the busiest day for contactless payments with the value of eligible transactions 121.4 per cent higher than the daily average in 2021 Data compiled from billions of customer card transactions made in 2021
From Physical Terminal to Digital Solution: SoftPOS Has Arrived at Unicredit Bank
- 3 years 3 months ago
- Payments, Credit Cards
SoftPOS is an application developed by Nexi, Europe's PayTech company operating in high-growth, attractive European markets and technologically advanced countries, now introduced for the business clients of UniCredit Bank. With SoftPOS, users can offer the possibility of card payment to their customers, using their mobile phones as a terminal.
Revolut Launches Market Leading Savings Vault Product - Offers 0.7% Annual Interest Paid Daily
- 3 years 3 months ago
- Payments, Credit Cards
Revolut launches an update to its interest-earning Savings Vault product, now offering 0.7% annual interest paid daily to help customers reach their financial goals faster. New and existing Revolut Metal users can set up a new Savings Vault account in a few taps with no minimum deposit, withdrawals at any time and annual interest paid daily with funds protected by the Financial Services Compensation Scheme (FSCS) up to a value of £85,000.
LiquidX Completes First Securitization Facility: USD $125 Million Receivables Portfolio Transaction with NORD/LB Serving as Agent and Funder
- 3 years 3 months ago
- Trade Finance, Credit Cards, Insurance
LiquidX, the global technology solutions provider for working capital, trade finance, and trade credit insurance, has expanded its technology offering to include reporting capabilities for securitization facilities. LiquidX sourced and facilitated a USD $125 million accounts receivable (A/R) finance program for a USD $20 billion company in the Technology Media and Telecom (TMT) sector. The structure achieved true sale recognition through the... more
Mastercard Unveils Next-Generation Virtual Card Solution for Instant B2B Payments
- 3 years 3 months ago
- Payments, P-Cards, Credit Cards
Mastercard Track Instant Pay uses machine learning and straight-through processing to analyze and automatically initiate instant payment of supplier invoices
