Payment cards

Goldman’s investor day disappoints; Fed on hold

01/30/20

The bank raised its return-on-equity goals, based mostly on cost cuts and its core trading business; the Fed did raise the rate it pays on bank reserves.

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Now $500 million richer, Chime eyes acquisitions

12/06/19

The challenger bank might use the proceeds from its latest funding round to buy other fintechs that would allow it to add more products and services, its CEO said.

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‘Fintech as a service’ provider Rapyd becomes Durable Capital’s first investment

12/03/19

Former T. Rowe Price portfolio manager Henry Ellenbogen is making Rapyd his first bet.

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Bias probe or not, the Apple Card is setting a new standard for banks

11/11/19

The tech company’s card seems to be raising consumers’ expectations that they should be able to get and use a card instantly and receive useful notifications.

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Card fraud fuels criminal activity. Is industry doing enough to stop it?

06/25/19

Researchers found that stolen payment data has been used to finance terrorism, human trafficking and other organized crime. Their conclusion that card fraud needs to be taken more seriously by banks and card networks drew pushback from the financial industry.

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Inside the Apple Card: Mastercard’s ‘digital first, physical optional’ platform

05/22/19

The Apple Card takes a more aggressively digital approach to credit card relationships than most other products on the market — but the technology behind it isn’t exclusive to Apple.

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Digital credit card firm raises millions, partners with City National

04/10/19

The startup now has five bank partners and equity financing from four investment entities.

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Forget cash, this debit card offers 'stock back'

03/12/19

The rewards card offered by the fintech Stash will let users accumulate stock of companies at which they frequently shop. The company said Tuesday that it has raised $65 million from investors and will offer the card in partnership with Green Dot.

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Apple Pay's rebirth gives Goldman a gateway to consumers

02/21/19

Banks and Apple Pay have not always had easy partnerships, but a hot market for co-branded cards gives Goldman Sachs a chance to advance its consumer ambitions and Apple an opportunity to offset slumps in device sales.

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Marriott hit by Starwood hack that ranks among biggest ever

11/30/18

Marriott International Inc. said it’s investigating a hack of the guest reservation database at its Starwood unit that may be one of the biggest such breaches in corporate history. Marriott shares slumped 5.6 percent in pre-market trading.

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