pymnts Profile:
Citigroup Inc. (NYSE: C)
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City.
A New Divide In Business Banking?
July 2, 2019
The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative ... Read moreCiti On The Art And Science Of Detecting B2B Outlier Payments
July 2, 2019
Citi has unveiled its Payment Outlier Detection system, which helps corporates find anomalies in payment flows, cutting down on fraud and false positives. Manish Kohli, global head of payments and ... Read moreCoupa Taps PayPal, Stripe, Others For B2B Payment Upgrades
June 26, 2019
Coupa is enhancing its B2B payments solution Coupa Pay with the help of several top players in the payments space.
On Wednesday (June 26), Coupa announced partnerships with PayPal, Stripe, Citi ... Read moreCiti Launches Outlier Payment Detection For Treasurers
June 26, 2019
Citi is rolling out its Payment Outlier Detection solution for corporate treasurers to automate the detection of outliers and combat fraud.
The financial institution announced in a press release on Wednesday ... Read moreCiti Revamps Rewards Program, Allows Cardmembers To Pay With Points
June 26, 2019
Citi has announced a new feature that allows qualifying cardmembers to shop and receive real-time alerts to redeem their ThankYou Points for eligible purchases.
This new Pay With Points feature allows ... Read moreCiti: Scaling Open Banking Starts With Incentives And API Aggregation
June 17, 2019
Open banking is nothing if not a lot of moving parts and complications. But could merchant incentives help fuel this ongoing effort at digital payments innovation?
That was one of the ... Read moreCiti Teams With Grab On Co-Branded Credit Cards
June 11, 2019
Citigroup is teaming up with Grab, the ride-hailing startup out of Singapore, to roll out co-branded credit cards.
Reuters, citing Gonzalo Luchetti, Citi’s head of consumer banking for Asia Pacific, Europe, ... Read moreInstant Payments, Unicorns And Food Fights Top Week’s News
May 24, 2019
Looking forward to the holiday weekend? So are we — but not before we give you a chance to catch up on the important payments and commerce news you might ... Read moreCiti: Why And How To Bring More Collaboration To Payments
May 22, 2019
There is no “i” in team — every coach’s mantra. Guess what, though? That’s only half the story when it comes to the concept of working together for the greater ... Read moreCiti Adds Biometrics To Its ‘Security Perimeter’
May 9, 2019
A single data breach costs a business $3.86 million on average. The high risks and costs of breaches, says Tapodyuti Bose, Global Head of Channel and Enterprise Services with Citi’s ... Read more
Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News
July 19, 2019
We hope you had a great week, and that you didn’t miss any important news from the world of payments and commerce. The PYMNTS Weekender, as always, has you covered. Stories ... Read morePlatforms That Give Travelers’ Luggage Local Sanctuary
July 18, 2019
To help travelers and locals navigate cities without needing to lug around their bags, digital platforms are connecting consumers with businesses for luggage and bag storage. One example is Bounce, ... Read moreMyMoneyMantra Financial Marketplace Lands $15M For Expansion
July 17, 2019
Indian financial services marketplace MyMoneyMantra announced that it has raised $15 million (INR 100 crore) in funding from Dutch-based IFSD and private equity firm Vaalon Capital.
The company said it will use ... Read moreLG Pay Goes Live In US On One The LG G8 ThinQ
July 17, 2019
LG Electronics’ mobile payments solution LG Pay rolled out in the U.S. July 16, but for now, is only available for the LG G8 ThinQTM smartphone.
In the coming months, LG ... Read moreIs China The Roadmap — Or Red Flag — For Digital ID Verification?
July 17, 2019
A mobile-first mindset (and government scrutiny) is prevalent in China when it comes to identity verification. Trulioo General Manager Zac Cohen tells Karen Webster that the model may not work everywhere, ... Read moreVenezuela Considers Russian Payments System As SWIFT Alternative
July 17, 2019
Sources have revealed that Venezuela might use a Russian-operated international payments messaging system in an effort to get around U.S. sanctions.
The country has reportedly asked for more information from their ... Read moreDeep Dive: ID Verification In The Sharing And Gig Economies
July 16, 2019
Sharing economy platforms are opening up new opportunities for property owners and travelers. Homeowners can monetize spare rooms and visitors can secure accommodations before arriving in new cities. Car owners ... Read moreAmex Write-Off Rate Is Down; Delinquency Rate Holds
July 15, 2019
American Express has reported that its American consumer card delinquency rate was 1.4 percent for June, the same number it was in May, according to reports.
The company’s write-off rate has ... Read moreJPMC Q2 Earnings Expected To Reflect Expanding Digital Innovations
July 15, 2019
Of all the banking institutions releasing Q2 earnings this week, watch for JPMorgan, whose strong performance can be credited to a growing millennial customer base and continued digital innovation.
Continued development ... Read moreU.S. Farming Has A Banking Problem
July 15, 2019
The latest jobs figures propel the lengthy period of corporate optimism in the U.S. today, with hiring stronger than expected in June. While concerns over a possible upcoming economic recession ... Read more
Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News
July 19, 2019We hope you had a great week, and that you didn’t miss any important news from the world of payments and commerce. The PYMNTS Weekender, as always, has you covered. Stories ... Read moreHow Gig Worker Pay Advances Could Ease Financial Anxiety
July 18, 2019
Gig workers are beginning to get their wages before – not after – a job is complete through advances. In international news, China’s push toward a digital economy comes as the government has digitalized ... Read morePlatforms That Give Travelers’ Luggage Local Sanctuary
July 18, 2019To help travelers and locals navigate cities without needing to lug around their bags, digital platforms are connecting consumers with businesses for luggage and bag storage. One example is Bounce, ... Read moreMyMoneyMantra Financial Marketplace Lands $15M For Expansion
July 17, 2019Indian financial services marketplace MyMoneyMantra announced that it has raised $15 million (INR 100 crore) in funding from Dutch-based IFSD and private equity firm Vaalon Capital.
The company said it will use ... Read moreGoogle Pay Adds Support For 26 New Banks This Month
July 17, 2019
Google Pay has added support for 13 new banks in July, bringing the total number of banks added this month to 26, according to reports. Google has been adding banks ... Read moreLG Pay Goes Live In US On One The LG G8 ThinQ
July 17, 2019LG Electronics’ mobile payments solution LG Pay rolled out in the U.S. July 16, but for now, is only available for the LG G8 ThinQTM smartphone.
In the coming months, LG ... Read moreIs China The Roadmap — Or Red Flag — For Digital ID Verification?
July 17, 2019A mobile-first mindset (and government scrutiny) is prevalent in China when it comes to identity verification. Trulioo General Manager Zac Cohen tells Karen Webster that the model may not work everywhere, ... Read moreHow Bundle Turned Employee Relocation Into A Matchmaker Model
July 17, 2019
Can the platform model help companies relocate employees — and help employees find affordable housing? Bundle Founder Joe Cucchiara contends that a fragmented process — of finding apartments and houses, booking ... Read moreVenezuela Considers Russian Payments System As SWIFT Alternative
July 17, 2019Sources have revealed that Venezuela might use a Russian-operated international payments messaging system in an effort to get around U.S. sanctions.
The country has reportedly asked for more information from their ... Read moreSupposed Swiss Libra Regulator Says Facebook Hasn’t Reached Out
July 16, 2019
The Swiss regulator that Facebook claimed will oversee its cryptocurrency hasn’t heard from the social media giant, according to a report by CNBC.
David Marcus, who is heading up the Libra ... Read more
Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News
July 19, 2019We hope you had a great week, and that you didn’t miss any important news from the world of payments and commerce. The PYMNTS Weekender, as always, has you covered. Stories ... Read morePlatforms That Give Travelers’ Luggage Local Sanctuary
July 18, 2019To help travelers and locals navigate cities without needing to lug around their bags, digital platforms are connecting consumers with businesses for luggage and bag storage. One example is Bounce, ... Read moreSMBs Rake In Sales As Prime Day Wraps
July 17, 2019
Small and medium-sized businesses raked in sales during Amazon’s Prime Day extravaganza, as the now-annual shopping event spawned imitators with hundreds of rival retailers offering competing promotional events.
Brands offered products ... Read moreRetailers See Big Rewards From Amazon Prime Day
July 16, 2019
Initial tallies of data from the 48-hour Amazon Prime Day show that other retailers have seen significant benefits, reporting online sales that were 64 percent higher than a typical Monday.
On ... Read moreAmex Write-Off Rate Is Down; Delinquency Rate Holds
July 15, 2019American Express has reported that its American consumer card delinquency rate was 1.4 percent for June, the same number it was in May, according to reports.
The company’s write-off rate has ... Read moreHow Starbucks Elevates Online Ordering In China
July 15, 2019
Starbucks has designed a new store around order-ahead and delivery as the upstart coffee company Luckin Coffee takes hold in the Chinese market. Starbucks opened its inaugural Starbucks Now store ... Read moreUber Introduces New ‘Comfort’ Feature For Quiet Rides
July 9, 2019
Uber has introduced a higher-tier feature called Uber Comfort that allows drivers to set preferences for conversation and climate control, according to a report. It also offers more leg room ... Read moreHow QSRs Bring Mobile And Digital Payments To The Table
July 9, 2019
In the age of quick-service restaurant (QSR) dining technology innovation, restaurants are frantically looking into ways to provide consumers with mobile ordering bells and whistles like third-party payment integrations, rewards ... Read moreAutomated Retail Speeds Up Delivery And Checkout
July 9, 2019
Automated retail might conjure up images of robot cashiers, but beyond a few convenience stores in Japan and Korea, that sci-fi development hasn’t yet become reality for the wider world.
Robotics ... Read moreRetail Pulse: Walmart To Boost Supply Chain In China; JD Sports Rides Athleisure Popularity
July 5, 2019
Retailers are bolstering their supply chains in China as they seek to enhance their service and offer customers fresh products. Walmart, for instance, plans to increase its investment in supply ... Read more