Applications news and trends

Big Lenders Process Half-Million PPP Loan Applications Totaling $45.8B
Loans // May 01, 2020

JPMorgan Chase and Bank of America said they processed almost 500,000 applications totaling roughly $46 billion as part of the Paycheck Protection Program intended to help small businesses struggling to due to the pandemic, according to a report in Fox Business on Thursday (April 30)....

Fiserv: Two-Thirds Of Loans Originated Online In Last Two Years
Loans // October 21, 2019

Fiserv’s consumer trends survey, Expectations & Experiences, shows that the majority of loans over the past two years were done online, the company said on Monday (Oct. 21) in a press release. Almost two-thirds – 65 percent – of loan applicants since 2017 completed their...

Higher Fees Drive LendingClub’s Earnings Beat
Alternative Finances // May 08, 2019

Stronger-than-expected loan originations combined with increased transaction fees to push LendingClub’s quarterly earnings report past analyst expectations when the results went live shortly after the market closed yesterday (May 7). The marketplace lending platform reported adjusted net loss of $11.25 million, or 3 cents a...

Visa, Mastercard Still Locked Out Of China
International // February 01, 2019

Both Visa and Mastercard posted solid fourth quarter earnings and outperformed analyst estimates, yet the companies are still waiting for approval to do business in China. Though it’s been more than a year since each submitted applications to process payments in the $124 trillion market,...

Interviews & Exclusives
The Merciless Conflict Within Merchant Onboarding

October 01, 2018
Cake: It’s that thing one can supposedly have as long as they don’t take a fork (or their fingers) and try to put some into their mouth. Otherwise, the universe will explode — or something like that. At least, that is what the great philosophers of contradiction, irony and gloom keep saying. In the payments world, cake […]

Quick Reads
Apple Opens Applications to Give Developers Head Start on Vision Pro

July 24, 2023
Apple has opened applications for the Vision Pro developer kit, enabling developers to build and fine-tune the app months in advance of a planned 2024 launch. According to the tech giant, the $3,499 Apple-owned development device will be loaned to successful applicants and will have to be returned after the actual launch. Selected developers will […]

Big Lenders Process Half-Million PPP Loan Applications Totaling $45.8B

May 01, 2020
JPMorgan Chase and Bank of America said they processed almost 500,000 applications totaling roughly $46 billion as part of the Paycheck Protection Program intended to help small businesses struggling to...

Fiserv: Two-Thirds Of Loans Originated Online In Last Two Years

October 21, 2019
Fiserv’s consumer trends survey, Expectations & Experiences, shows that the majority of loans over the past two years were done online, the company said on Monday (Oct. 21) in a...

Higher Fees Drive LendingClub’s Earnings Beat

May 08, 2019
Stronger-than-expected loan originations combined with increased transaction fees to push LendingClub’s quarterly earnings report past analyst expectations when the results went live shortly after the market closed yesterday (May 7)....