Industry News

  • Need a Credit Card or Auto Loan? Banks Are Making Them Easier to Get
    by Nicole Pinto on May 14, 2021 at 4:46 pm

    “Credit cards, auto loans and other personal loans are all getting easier to come by, more than a year into a pandemic that spooked lenders and caused them to tighten lending standards significantly. The net share of banks that loosened underwriting standards for credit cards hit a high in roughly the first quarter, according to The post Need a Credit Card or Auto Loan? Banks Are Making Them Easier to Get appeared first on Payments News.

  • New Generation of Digital Banks Bets on Minority Markets
    by Nicole Pinto on May 14, 2021 at 4:44 pm

    “Daylight estimates there are 30 million Americans who identify as LGBTQ. It is among a cohort of new digital banks in the United States targeting communities where many people say their needs have not been met by mainstream lenders. Such startups include First Boulevard and Greenwood, both focused on serving Black Americans, Cheese Financial aimed The post New Generation of Digital Banks Bets on Minority Markets appeared first on Payments News.

  • How EMVCo Is Supporting the Rising Use of QR Codes for Payments – EMVCo
    by Nicole Pinto on May 14, 2021 at 4:41 pm

    “Advances in technology are making secure card payments possible in new ways – whether online or face-to-face. EMV® Specifications have evolved beyond the original EMV Chip Specification to support a wide range of technologies for card-based payments, including contactless, mobile, tokenisation and QR Codes™. Increasingly, QR Codes are used to initiate mobile payments at the point-of-sale. The post How EMVCo Is Supporting the Rising Use of QR Codes for Payments – EMVCo appeared first on Payments News.

  • Rho Technologies Launches First-Ever Corporate Card Providing Flexible Terms
    by Nicole Pinto on May 14, 2021 at 4:40 pm

    “Rho Technologies, the high-growth fintech enterprise behind Rho Business Banking *, today announced the launch of the Rho Card , the first-ever, bank-issued corporate card that gives businesses the ability to flexibly manage their cash back, credit terms, company spend controls and policies – all on their terms. This unique corporate card Mastercard was designed The post Rho Technologies Launches First-Ever Corporate Card Providing Flexible Terms appeared first on Payments News.

  • Varo ‘On Track’ to Be Profitable by 2023 Even As Losses Pile up
    by Nicole Pinto on May 14, 2021 at 1:27 pm

    “Colin Walsh always planned to do things differently than most fintech startups. The Varo Money CEO had a strategy to outcompete incumbent banks for customers who live paycheck to paycheck, and it involved becoming a bank rather than challenging the system from the outside. The approval process took more than three years, and it required The post Varo ‘On Track’ to Be Profitable by 2023 Even As Losses Pile up appeared first on Payments News.

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