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PIONEER IN FINTECH DEMONSTRATES IMPACT OF AI IN PAYMENTS AT MASTERCARD EVENT DURING MONEY20/20

Retrieved on:

Monday, October 23, 2023

Fintech, Intelligence, NYSE, OnDeck Capital, Ernst & Young Entrepreneur of the Year Award, Legislation, ANZ (bank), Jacobs, Artificial intelligence, Fiserv, Credit card, Capitol Hill, Point72 Asset Management, Cryptocurrency

LAS VEGAS, Oct. 23, 2023 /PRNewswire/ -- As the Credit Card Competition Act, a new wave of regulatory pressure on U.S. card issuers, makes its way toward a vote on Capitol Hill this week, fintech pioneer Mitch Jacobs of Plink AI will speak in Las Vegas to industry leaders on how to avoid negative impact from this pending legislation. Jacobs will speak at a Mastercard Start Path session hosted during the annual Money20/20 conference, the most influential gathering of the payments industry in the world. The Mastercard session includes an audience of major industry leaders from processors, banks, private equity, and venture capital including Fiserv, Global Payments ANZ Bank, a16z and Point72.

Key Points:

Jacobs will speak at a Mastercard Start Path session hosted during the annual Money20/20 conference, the most influential gathering of the payments industry in the world.
The Mastercard session includes an audience of major industry leaders from processors, banks, private equity, and venture capital including Fiserv, Global Payments ANZ Bank, a16z and Point72.
AI provides new ways for banks to get cards top-of-wallet, businesses more profit and consumers increased purchasing power," Jacobs said.
He sits on the Board of the Association for Enterprise Opportunity, the trade organization of nonprofits supporting underserved US Small Businesses.

New Poll: Popularity of Free Market Credit Card Reform Among Small Businesses is High

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Monday, October 16, 2023

Quotient, Small business, Main Street, Credit card, Competition, Attention, Job Creators Network, Policy, Online shopping

The Small Business Intelligence Quotient (SBIQ), an index tracking overall sentiment about the economy, increased by 2.1 points to 54.6.

Key Points:

The Small Business Intelligence Quotient (SBIQ), an index tracking overall sentiment about the economy, increased by 2.1 points to 54.6.
Small business owners remain uneasy about the economy with inflation remaining one of the top two concerns for 48 percent of respondents.
Additionally, Main Street is supportive of legislative efforts that would rein-in run-away credit card "swipe fees" that are plaguing small businesses.
And according to our polling, free market credit card reform to lower 'swipe fees' is one policy that has caught their attention.

Mastercard® Announces New Partnerships with Instacart and Peacock to Provide Greater Everyday Value and Convenience Where it Matters Most to Consumers

Retrieved on:

Thursday, October 5, 2023

Consumers continue to embrace the convenience and efficiency of online shopping for groceries - and their appetite is growing [2].

Key Points:

Consumers continue to embrace the convenience and efficiency of online shopping for groceries - and their appetite is growing [2].
By offering Instacart’s membership program, Instacart+, alongside monthly savings, Mastercard is providing a valuable, cost-effective benefit for its cardholders.
“Now more than ever, consumers are looking for benefits and savings that meet their everyday needs,” said Seema Chibber, EVP of Credit, North America, Mastercard.
[4]
Peacock: Eligible World Mastercard and World Elite Mastercard cardholders new to Peacock Premium will receive a $3 statement credit on the Peacock Premium monthly streaming subscription.

Walgreens Unveils myW™ days Offers October 4 - 7

Retrieved on:

Monday, October 2, 2023

Walgreens is hosting a myW days member exclusive event October 4 through October 7 offering extraordinary bonus offers and Walgreens Cash rewards instore and online.

Key Points:

Walgreens is hosting a myW days member exclusive event October 4 through October 7 offering extraordinary bonus offers and Walgreens Cash rewards instore and online.
“We are building on this excitement by offering another chance for accelerated earning of Walgreens Cash rewards ahead of the holiday season.
Walgreens Cash rewards earned during myW days will be available for members to redeem on future Walgreens purchases for up to one year from when earned.
Same Day Prescription Delivery: Walgreens also offers Same Day Prescription Delivery as a quick and convenient service for ready prescriptions.

Cardless Unveils Enhanced Simon Card with 5% Cash Back at Every Store At Simon Centers

Retrieved on:

Thursday, September 28, 2023

Credit card, SAN, Online shopping

SAN FRANCISCO, Sept. 28, 2023 /PRNewswire/ -- Cardless, Inc., a San Francisco-based leader in financial technology, is announcing a game-changing upgrade to the Simon® American Express® Credit Card, providing shoppers with an unprecedented level of rewards. The newly enhanced card now offers an impressive 5% cash back on all purchases made at any store within Simon centers, including malls and outlets, coupled with 1% cash back on purchases made anywhere else. To receive rewards during a statement cycle, cardholders have to use their Simon® American Express® Credit Card just five times.

Key Points:

The Simon® American Express® Credit Card will now begin offering 5% cash back on all purchases made at Simon centers alongside 1% cash back on purchases made elsewhere.
The newly enhanced card now offers an impressive 5% cash back on all purchases made at any store within Simon centers, including malls and outlets, coupled with 1% cash back on purchases made anywhere else.
With Cardless leading the way, the enhanced Simon® American Express® Credit Card is set to redefine how consumers shop and save.
For more information about the Simon® American Express® Credit Card and its new cash back program, please visit https://www.cardless.com/cards/simon .

FICO® Score Remains the Most Widely Used Credit Score in the Securitization Market, Keeping Lender Confidence

Retrieved on:

Thursday, September 28, 2023

“By far, FICO Scores are the dominant method to measure asset-backed securitization risk.

Key Points:

“By far, FICO Scores are the dominant method to measure asset-backed securitization risk.
The FICO Score remains the dominant metric for indicating credit risk in the seven collateral classes with activity graded by top credit reporting agencies.
FICO® Scores are used throughout the credit lifecycle, from acquisitions to applications, and credit management.
For more information about the predictive power of FICO® Scores and the newest and most powerful FICO Score, FICO® Score 10 T, visit: https://www.fico.com/en/latest-thinking/white-paper/fico-score-10-and-fi... .

India Credit Card Market Competition, Forecasts & Opportunities, 2028F - A Shift from Debit-based to Credit-based Economy and Emergence of Co-branded Card Offerings Driving Growth - ResearchAndMarkets.com

Retrieved on:

Thursday, September 28, 2023

The increasing adoption of cashless transactions, coupled with enticing credit card offers, rising acceptance of credit cards, a shift from debit-based to credit-based economy, and the emergence of co-branded card offerings are driving this growth.

Key Points:

The increasing adoption of cashless transactions, coupled with enticing credit card offers, rising acceptance of credit cards, a shift from debit-based to credit-based economy, and the emergence of co-branded card offerings are driving this growth.
Credit card issuers are diligently working to raise awareness and foster innovation in this market, and the notable growth of the credit card market in India attests to these efforts.
Moreover, credit card spending reached a record high of USD 15.16 billion (INR 1.13 lakh crore) in May 2022.
Perceived high interest rates and uncertainty about credit card benefits are obstacles to credit card market expansion.

Create Every Opportunity Brings Financial Literacy Education Directly to Families & Teens with the Launch of CEO Connect at Home

Retrieved on:

Wednesday, September 27, 2023

Create Every Opportunity is working to solve the educational disparities that exist in financial literacy for the country’s youngest generations.

Key Points:

Create Every Opportunity is working to solve the educational disparities that exist in financial literacy for the country’s youngest generations.
For families who have teenagers, conversations about money are necessary to prepare teens for the various financial decisions they’ll be faced with.
Additional features include:
Relevant, Timely Financial Content Updated Yearly: CEO Connect gives families access to more than 300+ modules.
To learn more about Create Every Opportunity, and to purchase CEO Connect at Home, visit www.createeveryopportunity.org .

shopreme provides technology for testing new checkout experience at ALDI Nord in Dutch stores

Retrieved on:

Tuesday, September 26, 2023

Google Pay, IDEAL, Apple Pay, Cash, Superstore (season 5), Smartphone, Aldi, Credit card, Debit card, ALDI, SDK, Automation, SCO, Online shopping, Scan

AMSTERDAM and GRAZ, Austria, Sept. 26, 2023 /PRNewswire/ -- shopreme, a leading provider of unified self-checkout solutions, is supplying ALDI Nord's checkout solutions tests in several stores in the Netherlands with Scan & Go, Self-Checkout kiosks and exit terminals. This initiative marks the first instance of ALDI Nord testing self-checkout solutions in its stores, offering their customers a seamless shopping experience with dedicated self-checkout areas across all selected pilot stores.

Key Points:

shopreme provides Unified Self-Checkout solutions for technology test of ALDI Nord in the Netherlands, introducing Scan & Go, Self-Checkout Kiosks, and Exit Terminals.
This initiative marks the first instance of ALDI Nord testing self-checkout solutions in its stores, offering their customers a seamless shopping experience with dedicated self-checkout areas across all selected pilot stores.
The test of ALDI Nord includes the shopreme SDK into the ALDI customer app, enhancing the app's value for new and existing users.
Florian Burgstaller, CEO at shopreme, noted: "Working with ALDI Nord to bring our unified self-checkout solutions to their test stores has been a rewarding experience.

Flex Raises $120 Million in Equity and Debt, Launching Finance Super App for Business Owners

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Tuesday, September 19, 2023

VT, ADM, NCUA, Maintenance, Insurance, Treasury management, CIM, Fintech, FDIC, Luigi, ACH, CFOS, Silicon, Credit card, Restaurant, Growth, Credit, SD, News, Bank, Flex

MIAMI, Sept. 19, 2023 /PRNewswire/ -- Flex, formerly known as Flexbase, today announced the closing of a $120M Series A debt and equity funding round, which includes debt financing from CIM with an agreement to fund up to $100M, and $20M in equity capital led by Florida Funders with participation from Home Depot Ventures™, MS&AD Ventures, Companyon Ventures and others. In addition to the funding news, the company has launched its Flex Credit Card, Flex Banking and finance super app for business owners to streamline the finance back office of businesses and accelerate their growth.

Key Points:

In addition to the funding news, the company has launched its Flex Credit Card, Flex Banking and finance super app for business owners to streamline the finance back office of businesses and accelerate their growth.
"Flex is introducing the future of FinTech by bundling services into one super app empowering founders, business owners and CFOs to grow their businesses.
Flex Credit Card and Credit Flexibility: Flex Credit Cards come with 0% interest for 60 days on every single purchase.
Flex extends the credit for the Flex Credit Cards, and the cards are subject to Commercial Cardholder Agreements.