CardWeb.com’s CardPixes database of more than 7,000 images today features the 5STAR Bank Visa.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Hawaiian Airlines World Elite MasterCard.
Fintech Innovation LabLeading-edge mobility, data analytics and credit risk solutions were among the six technology innovations demonstrated for top financial services, venture capital and technology executives at the fourth annual FinTech Innovation Lab Demo Day in New York. The Lab is a 12-week mentoring program created by Accenture (ACN) and the Partnership Fund for New York City and supported by more than a dozen of the world’s leading financial institutions to promote financial services technology (“fintech”) innovation and high tech job growth in New York City. This year’s entrepreneurs were chosen by chief technology officers from 15 participating financial institutions. The companies included Enigma, Kasisto, LMRKTS, pymetrics, RevolutionCredit and Standard Treasury. The group has spent the last 12 weeks receiving high level mentoring, product and business development advice and exposure to senior financial industry, technology and venture capital executives. The 18 previous alumni companies have raised a total of more than $76 million in financing after participating in the program since 2010.
Online identity proofing service miiCard launched Certified Digital Bank Statements as part of its verified online identity service at Finovate Fall 2013. Financial and professional service companies can now use miiCard Certified Digital Bank Statements for underwriting, risk assessment and responsible lending decisions. Certified Digital Bank Statements are user-controlled components of a verified miiCard identity. Upon request, miiCard members can authorize financial institutions or professional service companies to access one of two different levels of information. With miiCard’s Identity as a Service (IDaaS) platform and Certified Digital Bank Statements, businesses can quickly verify an individual can afford a loan or qualify for a service.
Bank Freedom of PrepaYd signed multi-year agreements to implement FIS’ “FIS Mobile” in support of Bank Freedom’s mobile application for the underbanked market. Bank Freedom provides financial services, including prepaid debit cards, to underbanked consumers. PrepaYd will launch a new mobile application targeted to the underbanked market that combines PrepaYd Wireless’ cellular phone service and Bank Freedom’s prepaid debit card programs. The new mobile application will enable consumers to manage their finances remotely via a mobile phone – including checking balances, paying bills, viewing recent account activity and managing multiple cards. In addition to having transaction alerts sent to the mobile phone, consumers will also have the ability to manage funds via text message – including the ability to send payments to other consumers and businesses.
cMoney global mobile phone-based payment and money transfer unveiled its latest technology enhancement to its existing solution to allow for the movement of money between ATMs. Using technologies for mobile phone users, retailers, and financial institutions, the cMoney solution continues to receive positive feedback in our business development discussions, technology developments, shareholder feedback and from the market. Another enhancement slated for rollout in the cMoney solution will offer our customers a new virtual credit card geared specifically to their spending habits while enhancing their credit worthiness. Further cMoney’s introduction of our revolutionary technology is state of the art, and will trump the NFC concept allowing our customers new financial freedom. The cMoney solution provides for credit card data never being revealed; implementing store discount, coupons, and loyalty cards; and sending money from cell to cell instantly, bank to bank and ATM to ATM, securely.
Credit Sesame online tool that helps control credit and save money with smarter loans has launched to help people make better choices about their own credit and debt. Using technology and analytics previously only available to big banks, Credit Sesame creates 5,000 scenarios to find the best-suited loans for each user and lets people apply directly for those loans online. Credit Sesame finds that the average homeowner can save up to $600 each month by simply optimizing their current loans. Credit Sesame’s easy to use website only takes a couple of minutes to register for and gives a lifetime of benefits. Consumers get a complete picture of their debt and credit in a way they can use and understand. Users learn what is good and bad about their situation, and receive unbiased advice on how to improve their financial picture instantly with pre-qualified, objective and forward looking options online.
Metro Bank has launched “America’s Next Great Credit Card” personal Visa credit card. Offering a 9.90% APR, no annual fees, no late fees and no balance transfer fees, the Metro Bank Personal Visa Credit Card. The average consumer credit card rate was 16.79% APR. Metro Bank’s credit card services also include online account access and a 24/7 live customer call center. Customers can apply by visiting their nearest Metro Bank store or calling the bank. Metro Bank has 33 stores throughout PA, offering seven-day banking, free checking, free instant-issue Visa debit card, free coin-counting machines, free online banking and 24/7 live customer service.
The Bancorp Bank Payment Solutions Group has announced a collaboration with AccountNow, a leading marketer of Visa and MasterCard branded prepaid cards for the estimated 40 million strong underbanked consumer market. AccountNow addresses the needs of the growing population of consumers that are seeking to use credit responsibly. The AccountNow Gold Visa Prepaid Card can help cardholders build credit history by paying bills online to demonstrate their credit worthiness and through the credit builder program which reports bill payment history to PRBC, a credit bureau, which is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. CA-based AccountNow provides financial solutions for the 40 million US consumers who do not have established credit or traditional banking relationships.
In the UK, closure of 1 in 5 consumer accounts was due to non-payment, with
Yorkshire residents exceeding the national average by 13%. Among
Yorkshire consumers, 35% of their accounts were closed by the provider
because of repayment failure. Those living in North East and East Anglia
are the best at repaying, each with only 8% of residents’ accounts
closed for not meeting monthly payments. This, according to
Confused.com, concluded the Yorkshire residents were most likely to
struggle when it comes to credit card payments, followed by residents of
South East, 33% of whom struggle to payoff debt. Confused.com price
comparison services was launched in 2002 and now generates over one
million quotes per month.
A new study has found that consumers considered safe lending risks a year ago are finding it more difficult to borrow now, despite their qualifying credit scores. CareOne Services found that a 15% increase in overall inquiries from a year ago; a nearly 7% jump in the number of consumers with credit scores in the 650 to 750 range calling for financial help or to start structured repayment plans; and a small but significant 2% increase in inquiries from consumers with annual incomes of more than $50,000. In January, CareOne handled nearly 65,000 inquiries from consumers who are seeking advice and assistance to get a better handle on their finances. This is a 15% increase from a year ago, and the volume of inquiries is not projected to decrease.
Anyone can demonstrate their credit worthiness to potential creditors. By paying bills with this prepaid Mastercard, payment history is reported to Experian, Equifax, TransUnion, and PRBC. Build credit history and show your payment ability. Apply at www.lostmydebt.net/elogan.
Money may be added by direct deposit or cash can be added at 135,000 locations. Bills can be paid online, anytime. The pre-paid Mastercard offers the security of protected cash and flexibility of spending at millions of retail locations that accept Mastercard. It is also the perfect way to control spending – funds are deducted from the available card balance.
says Eric Logan, Executive Vice President and Co-Founder of www.lostmydebt.net/elogan.
Other services include credit restoration, wills and trusts, auto loans, and lifelock. These products are the best in the marketplace. Future economic stimulus workshops begin nationwide on March 5, 2009
Our company’s philosophy is to restore, build, establish, and protect” says Eric Logan, Executive Vice President and Co-Founder of www.lostmydebt.net/elogan. “Education is the key to building and maintaining your family’s legacy”
Eric Logan co-founded lostmydebt.net on the principle that everyone is worthy of good credit and should eliminate debt. The step by step plan implemented will help restore credit profiles, create discretionary income, lower monthly expenses, and give wealth building techniques.
For information: http://lostmydebt.net/elogan or contact 800-778-9940 x 214