Search Results for: interchange income

Discover-Financial-Services-Reports-First-Quarter-2024-Net-Income-of-$308-Million-or-$1
Finance Fintech News

Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

Business Wire
by Business Wire0
Board of Directors Declares Quarterly Common Stock Dividend of $0.70 Per Share Discover Financial Services (NYSE: DFS): First Quarter 2024 Results 2024 2023(1) YOY Change Total loans, end of period (in billions) $126.6 $112.7 12% Total revenue net of interest expense (in millions) $4,210 $3,742 13% Total net charge-off rate......
Euphoria Taps Jiko to Power Bliss, a Mobile Banking App for the Transgender Community
Mobile Banking News

Euphoria Taps Jiko to Power Bliss, a Mobile Banking App for the Transgender Community

Fintech News Desk
by Fintech News Desk0
Between 2-6 million people in the United States are transgender, and 34% lack identification to match their gender, making it harder to access financial services Euphoria will provide its community with a mobile banking app using Jiko’s single API integration Jiko, a modern banking platform with simple API access that......
Ingka Group Takes 49% Stake In Ikano Bank
Banking Fintech Investment Services News

Jiko Processes a $4.7M Debit Card Transaction, Generating $47,000 in Cash Back to Customer

Fintech News Desk
by Fintech News Desk0
Jiko today announced that it has processed a massive $4.7 million debit card transaction as part of its newly launched Debit Cards Cashback Rewards Program. A tax payment to the IRS made with a Jiko Debit Card, this single transaction resulted in $47,000 cash back to the customer, deposited directly......
Mississippi-Based-Community-Bank-and-FinTech-Partner-to-Deliver-Payments-Growth-During-Covid-19
Banking Business Fintech News

Mississippi Based Community Bank and FinTech Partner to Deliver Payments Growth During Covid-19

Fintech News Desk
by Fintech News Desk0
WalletFi is excited to announce its recent partnership with BankFirst Financial Services (“BankFirst”) to provide customers of the Bank with enhanced visibility into their recurring payments and deliver insights to enable the Bank to boost non-interest income. WalletFi, a North Carolina based FinTech, provides data and analytics to community banks......
Splitit Unveils FI-PayLater: Empowering Banks to Provide In-Checkout Installments for Existing Customers
Finance Fintech News

Splitit Unveils FI-PayLater: Empowering Banks to Provide In-Checkout Installments for Existing Customers

PR Newswire
by PR Newswire0
Splitit, the world’s largest card-linked installment platform, powering thousands of merchants and millions of shoppers, announces the launch of FI-PayLater. Splitit will unlock its extensive merchant network to banks and card issuers (FIs) that wish to offer installment plans to existing customers, directly at the merchant checkout. Splitit’s groundbreaking solution,......
Business Featured Fintech Fintech Primers

How Does Fintech Generate Money?

Pooja Choudhary
by Pooja Choudhary0
Have you ever pondered the business models of FinTech firms? How do they go about making money to expand their current FinTech software development efforts? In this piece, we will dissect what exactly it is that makes a FinTech company effective and profitable. Introduction 96% of customers around the world......
Compliance management Featured Fintech Fintech Primers

Simplification Of Fintech Regulations: A Succinct Analysis From Experts

Pooja Choudhary
by Pooja Choudhary0
Introduction As the financial technology industry grows in importance to the economies and national security of all countries, the regulatory landscapes of those countries may change as well. Industry experience and subject expertise are essential parameters to comprehend today’s changing geopolitical and ESG landscapes. The country-specific regulatory contexts on long-term......
Qorbis and Mbanq Create Personalized FinTech Solutions for Any Brand
Banking Fintech News

Qorbis and Mbanq Create Personalized FinTech Solutions for Any Brand

Business Wire
by Business Wire0
Qorbis and Mbanq partner to create tailored financial control solutions for the US market to help businesses control spend, save time, and enhance brand loyalty Qorbis, a leading innovator in end-to-end embedded finance and FinTech personalization, announces its partnership with top Banking-as-a-Service (BaaS) provider, Mbanq, to create a unique financial control......
Banking Featured Fintech Markets

DNA Of Neo Banks

Pooja Choudhary
by Pooja Choudhary0
As we move to the next frontier of technological discovery, and research and development, let us delve into the role of Neo Banks in disrupting the financial sector, its impact on businesses, and how it unravels a new vista of unique opportunities. Products and services rendered and built on disruptive......
Latin America’s Crypto Conquest Is Driven by Consumers Needs
Cryptocurrency News

Latin America Crypto Conquest Is Driven by Consumers Needs

Fintech News Desk
by Fintech News Desk0
51% of consumers in Latin America have already made a transaction with cryptoassets. Latin Americans desire flexibility and convenience in digital currencies and payments and are seeking more support from their financial institutions. The digital payments revolution that began during the pandemic is consolidating and driving Latin American interest in cryptocurrencies. 51%......
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