Vodafone and TransferTo, a company specializing in international airtime credit and mobile money transmissions, said Wednesday (Feb. 17) that they are working together to enable real-time global money transfers via M-Pesa Mobile Money accounts around the world. The partnership will aim to facilitate the ability...
Creditworthy but unscorable. What gives? Old credit scoring models, for one. VantageScore sat down with PYMNTS to explain how using new credit scoring models can expand the pool of borrowers without increasing the risk to the lender.
Consumers in the developed world tend to think of their financial systems as complex, particularly as compared to the developing world. And while that is not an entirely incorrect perception, it might just be a little bit skewed. When it comes time to pay in...
Though confusing to non-financial professionals, a big loan is much easier for a bank to make than a small loan. Though the natural assumption is that it would somehow be harder to loan more money than less, the reality is that the administrative side of...
Holiday shopping got moving into high gear last week, as consumers dug deep, browsed adamantly and shopped with the fevered intensity of athletes competing in the Olympics. The strenuous shoppers event of choice? Mobile commerce. When the dust had cleared, over $3 billion was spent...
According to the Consumer Financial Protection Bureau’s latest release, American credit card owners have managed to avoid $16 billion in card fees thanks to the CARD Act and other tighter CFPB regulations it brings to the marketplace. The 2009 Credit Card Accountability Responsibility and Disclosure...
Six billion and counting. According to VantageScore, that’s how many credit scores generated by its model have been used by card issuers and other industry participants. Yet, VantageScore tells PYMNTS, there remains one category in which the use of alternative scores has yet to take...
JPMorgan Chase and OnDeck Capital are joining forces in an old financial services meets new financial services type of moment. The largest U.S. bank by deposits announced yesterday (Dec. 1) that it was breaking into online lending with an assist (and signed agreement with) New York-based...
Navigating the payments landscape can be a difficult, but for the nearly 800 million illiterate and 1 billion handicapped people around the world, it can pose a significant challenge. Norman Niemer, Developer of PayButler, chatted with MPD CEO Karen Webster about what it means to...
