Search Results for: Consumer Credit

Customer Satisfaction with Bank and Credit Card Digital Experience Declines, J.D. Power Finds
Digital Payments News

Customer Satisfaction with Bank and Credit Card Digital Experience Declines, J.D. Power Finds

Fintech News Desk
by Fintech News Desk0
Perfect Storm of Rising Customer Expectations and Faltering Economy Creates New Challenges for Websites and Mobile Apps Many retail bank and credit card customers are financially stressed, and they want their bank and credit card providers to recognize that and help them manage their finances accordingly via their websites and......
1/3 of Consumers Earning a Quarter of a Million Dollars are Living Paycheck to Paycheck
Digital Payments News

1/3 of Consumers Earning a Quarter of a Million Dollars are Living Paycheck to Paycheck

Fintech News Desk
by Fintech News Desk0
LendingClub Corporation the parent company of LendingClub Bank, America’s leading digital marketplace bank, today released findings from its 10th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. For the first time in the report series, the High Earners Edition examines the financial lifestyle of the growing share of highest-income......
Marqeta Announces Partnership With Klarna To Build Klarna Card, a Transparent Alternative to Traditional Credit Cards
Digital Payments News

Marqeta Announces Partnership With Klarna To Build Klarna Card, a Transparent Alternative to Traditional Credit Cards

Fintech News Desk
by Fintech News Desk0
Building on its successful partnership with Marqeta’s modern card issuing platform, Klarna will use Marqeta to issue the Klarna Card, enabling its customers in the US to pay anywhere using Klarna’s “Pay in 4” solution both online and in-store Marqeta, the global modern card issuing platform, announced it is working......
CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms
Compliance management Consumer protection laws Featured

CFPB Acts to Protect the Public from Black-Box Credit Models Using Complex Algorithms

Sudipto Ghosh
by Sudipto Ghosh0
Companies relying on complex algorithms must provide specific and accurate explanations for denying applications The Consumer Financial Protection Bureau (CFPB) confirmed that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is......
New Research Indicates Digital Wallet Uptake Could Have a High Impact on Financial Security for Underserved Consumers
Digital Payments Digital Wallet News

New Research Indicates Digital Wallet Uptake Could Have a High Impact on Financial Security for Underserved Consumers

Fintech News Desk
by Fintech News Desk0
Survey indicates that consumers living on low to moderate incomes are seeking savings solutions within their coResearch shows that making saving easy increases the likelihood that people will save. A new study from the national nonprofit Commonwealth is uncovering the potential of digital wallets to address this need and have......
AMI Information Systems Partners with DoubleCheck Solutions to Offer Credit Unions Innovative NSF Protection
Digital Payments News

AMI Information Systems Partners with DoubleCheck Solutions to Offer Credit Unions Innovative NSF Protection

Fintech News Desk
by Fintech News Desk0
DoubleCheck’s solution allows AMI to give customers transparency and control to correct NSF transactions AMI Information Systems is partnering with DoubleCheck Solutions to give their credit union members the ability to offer members protection from non-sufficient funds (NSF) before any payments are declined. This is the first time AMI has added non-sufficient......
Consumers Demanding Faster Payment Options to Fit Their Digital, Always-On Lives
Digital Digital Payments News

Federal Reserve Survey: Consumers Demanding Faster Payment Options to Fit Their Digital, Always-On Lives

Fintech News Desk
by Fintech News Desk0
US consumers are seeking faster payments in more areas of their increasingly on-demand lives, with four out of five saying they are interested in faster options to pay businesses, according to a survey released today by the Federal Reserve Banks. About 70% say having access to enhanced faster payment capabilities from......
Kredivo Prioritizes Digital Inclusion with Pledge to Provide Access to Consumer Financial Services for up to 20 Million People
Digital Finance News

Kredivo Prioritizes Digital Inclusion with Pledge to Provide Access to Consumer Financial Services for up to 20 Million People

Fintech News Desk
by Fintech News Desk0
As a World Economic Forum partner, Southeast Asia’s leading digital financial services company continues to accelerate access to underserved populations in the region Kredivo, the leading digital credit platform for retail customers in Southeast Asia, announced their commitment to the EDISON Alliance’s 1 Billion Lives Challenge, pledging to provide access to digital financial services......
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