PYMNTS

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

Consumer 46

Consumer Online and Mobile Banking Debit Card P2P 46

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. Founded in 2015, Investree is a Jakarta-based alternative finance player.

FinTech 122

FinTech Payment APIs and Integration Online and Mobile Banking Security 122

Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

The Fintech Times

NOVEMBER 16, 2024

per cent Central Bank of Armenia (CBA) Armenia’s growth has been driven in part by its young, tech-savvy population. Through its regulatory sandbox, the Central Bank of Armenia (CBA) has attracted $90million in investments, propelling the country to 34th place in the Global Fintech Index 2023. per cent holding a credit card.

FinTech 69

FinTech Central Bank Financial Literacy Online and Mobile Banking 69

PYMNTS

DECEMBER 9, 2019

Cards over cash – specifically, debit cards over cash. Federal Reserve Banks, electronic payments are on the rise. And debit card transactions, the report notes, have become the most widely used payment method , ahead of cash, at least as measured by value. Credit held sway over debit, at 27.5

Fed 56

Fed Debit Card Consumer Federal Reserve 56

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. Financial inclusion is on the rise, as evidenced by these banking statistics.

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

The Fintech Times

MARCH 20, 2024

Not only were in-store payments affected, but the “vast majority” of online grocery orders were also unable to be delivered. According to research from UK Finance , half of all payments (50 per cent) in the UK were made using debit cards in 2022. Action is urgently needed to solve the UK’s banking deserts.

Contactless Payments 115

Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

PYMNTS

OCTOBER 13, 2016

While making a purchase online may feel like a granted convenience to most modern-day consumers, finding the right method of payment isn’t always as simple as it may seem, especially outside of the U.S. In fact, in certain parts of the world, the online ordering process isn’t always quite so predictable or smooth.

Online and Mobile Banking 53

Online and Mobile Banking Debit Card Credit Cards Visa 53

PYMNTS

OCTOBER 7, 2016

billion online during the run-up to Diwali, according to RedSeer Consulting. The merchant Zebpay is enabling some of its users to buy discount gift cards of popular U.S. The online marketplace that allows bitcoin use, Purse, offers Amazon discounts and has a larger inventory and cheaper prices than Amazon, eBay and Google Shopping.

Bitcoin 99

Bitcoin Online and Mobile Banking Payment APIs and Integration Blockchain 99

PYMNTS

NOVEMBER 7, 2016

In Poland, it’s fair to say that cash is still king,” stated Joanna Erdman, director of core service and non-banking products at mBank, one of the largest banks in Poland. billion in cash in 2015, while spending just €45.53 billion with debit or credit cards. Cash’s reign, however, could be coming to an end.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card ATM Research 60

PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Banking customers are affected by attacks ranging from phishing schemes to identity scams, and it is still up to FIs to provide accurate and real-time protection regardless of where their customers are located. It is growing its U.S.

Online and Mobile Banking 65

Online and Mobile Banking Data Breach Breach Phishing 65

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Here’s a wakeup call of sorts: Volmar noted that in recent months, the U.K. It’s unlivable. percent of fraud?”.

Security 40

Security Online and Mobile Banking Blockchain Credit Cards 40

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. From big banks to big tech.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. For online shoppers in Germany, payment by invoice remains the most popular choice.

Online and Mobile Banking 75

Online and Mobile Banking Payments Cross-Border Alternative Payment Methods 75

PYMNTS

JANUARY 9, 2018

The same day Google announced it would be collapsing Android Pay and Google Wallet into a single service dubbed Google Pay, reports surfaced that PayPal’s business debit card product is now working with Android Pay before the merger occurs. in 2016, though first only to work with consumer card products. Last March, U.S.

PayPal 44

PayPal Visa Commercial Card Online and Mobile Banking 44

PYMNTS

APRIL 11, 2017

In the developed world, particularly in the United States, mobile payments have entered the scene with a lot of fanfare and great expectations — but haven’t delivered all that much in the way of impressive results. and Western Europe still kind of like their cards. And Kenya is where M-Pesa’s effects are most strongly seen.

Online and Mobile Banking 47

Online and Mobile Banking Ubiquitous Debit Card Mobile Payments 47

PYMNTS

JULY 13, 2016

Is it possible that a bank may someday be referred to as “beloved?” ” Mobile apps like Uber and Airbnb have changed the way mobile-centric users do practically everything, from getting a ride to finding a place to stay on vacation. Around the Digital Banking world. Then he took it slightly further. “I

Online and Mobile Banking 42

Online and Mobile Banking Credit Union Debit Card Contactless Payments 42

PYMNTS

MARCH 24, 2016

The world of mobile payments news this week started out in the one region of the world that doesn’t often make much news when it comes to what U.S. companies are doing in mobile commerce: Cuba. Which brought about news from some of the biggest players in mobile payments, like Xoom, PayPal and Western Union.

Online and Mobile Banking 44

Online and Mobile Banking PayPal Mobile Payments Push-to-Card 44

Stax

NOVEMBER 13, 2023

Google was the first, in 2011, to enable contactless payments via their mobile app. Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential. In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

Clearly Payments

AUGUST 1, 2024

Interchange rates, also known as interchange fees , are the charges paid between banks for the acceptance of card-based transactions. Conversely, these fees also support the infrastructure and services provided by issuing banks, including fraud protection and customer rewards programs. for credit cards. for credit cards.

Process 52

Process Fraud Prevention Online and Mobile Banking Payments 52

CB Insights

NOVEMBER 6, 2018

Company Description: Founded in 2012, this Berlin-based company runs an online used car exchange via a family of sites such as Auto1.com, Earlier this year, it launched a fintech subsidiary, Auto1 Fintech, with Deutsche Bank and Allianz. Company Description: Based in Sweden, Klarna provides online payment solutions.

Online and Mobile Banking 76

Online and Mobile Banking FinTech Payment Solutions Debit Card 76

Fintech Labs Insights

SEPTEMBER 15, 2014

The 48 hours after Tim Cook revealed Apple''s long-rumored foray into payments were some of the most exciting times in fintech since the 1995 to 1997 period when most of the online "firsts" happened ( see note 1 ). Clearly, it marks a turning point for mobile payments and improved U.S. security, and the play-out will be fun to watch.

Debit Card 32

Debit Card Online and Mobile Banking Mobile Payments Issuers 32

PYMNTS

JANUARY 25, 2019

Here’s another headache for Apple , which is already dealing with weakening iPhone sales : Its hold on Chinese mobile consumers looks set to weaken, at least over the long term, thanks to an app update designed to make the WeChat app even stickier than it already is. Chinese Mobile Ecosystems. Then the transaction is completed.”.

Online and Mobile Banking 57

Online and Mobile Banking Debit Card Consumer Assessments 57

PYMNTS

JULY 5, 2017

multinational banking and financial services holding company JPMorgan Chase has reportedly made an early-stage bid for the acquisition of U.K. The report noted that Worldpay processes millions of in-store, online and mobile phone payments in the U.K. payment company Worldpay Group.

Online and Mobile Banking 46

Online and Mobile Banking Caps Cross-Border PayPal 46

Fintech Labs Insights

JUNE 22, 2015

online banking are rarer than the (not-so) mythical fintech unicorn. And mobile banking fees are pretty much non-existent outside a few remote deposit fees (see previous post). The service is mobile only, and the company currently has no plans to add it to the desktop version. Fees in U.S. 24/7 call center support.

Identity Theft 26

Identity Theft Online and Mobile Banking Non-Bank Debit Card 26

PYMNTS

SEPTEMBER 5, 2018

Online payment is a must.” According to POM, citing data from the European Payment Report 2015 , one-third of businesses would be able to boost hiring activity if their invoices were paid on time. ” Companies must be able to embrace customers’ payment preferences, whether that be via debit card or mobile wallet.

Payments 40

Payments Debit Card Online and Mobile Banking Credit Cards 40

PYMNTS

AUGUST 9, 2017

Excluding UniRush, organic revenues were up 12 percent year over year — the first time that metric had been up double digits since the second quarter of 2015. Cash is to be kept in a Green Dot bank-issued Apple Pay cash account. Management noted that MoneyPak is also seeing growth in its mobile and online offerings. .

Direct Deposit 40

Direct Deposit Online and Mobile Banking Credit Cards Debit Card 40

Fintech Labs Insights

APRIL 30, 2015

Digital banking platform for financial institutions. Online auto insurance comparison site. Online & mobile payment solutions in Southeast Asia. Online real estate investment platform. Prepaid mobile wallet for fundraising. Source: Crunchbase. MX (formerly MoneyDesktop). HQ: Provo, Utah. Loop Commerce.

Online and Mobile Banking 30

Online and Mobile Banking FinTech P2P Payroll 30

FICO

FEBRUARY 10, 2017

For all the differences between traditional banks and new online lenders, there is one business challenge that unites both groups: acquiring new customers. While online lenders experiment with offline marketing tactics, banks are aggressively ramping up their online marketing efforts, with total digital ad spend by U.S.

Online and Mobile Banking 45

Online and Mobile Banking Non-Bank Card Issuer Identity Theft 45

PYMNTS

JUNE 28, 2017

The space changed when Barclays Bank announced the launch of the world’s first ATM machine which could dispense up to ten £1 pound notes in exchange for a bank-issued voucher. reportedly used 176 million debit cards to withdraw a whopping £180 billion in cash. That was 50 years ago. ” And rightfully so. .

ATM 40

ATM Alternative Payment Methods Online and Mobile Banking Federal Reserve 40

Fintech Labs Insights

JULY 14, 2016

million investment , Austin, Texas-based Buzz Points is unveiling its new online management portal, Buzz Insight for its rewards and marketing platform. ” Buzz Insight is geared toward community financial institutions (CFIs) like credit unions and smaller banks, giving them visibility into customers and local business data. .

Credit Union Service Organization 20

Credit Union Service Organization Credit Union Online and Mobile Banking Enrollments 20

Fintech News

DECEMBER 17, 2023

Akulaku – US$2 billion Indonesia’s most valuable fintech startup is Akulaku, an online banking and digital finance platform valued at US$2 billion. Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financial underserved demographics.

FinTech 52

FinTech Financial Literacy Financial Inclusion Online and Mobile Banking 52

PYMNTS

APRIL 27, 2016

adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards. Which age group is most likely to use a credit card for these small transactions? That would be millennials, ages 18–29, with 64 percent saying they prefer to use cards even for transactions under $5.

Economy 41

Economy IRS Online and Mobile Banking Money Laundering 41

FICO

FEBRUARY 9, 2017

For all the differences between traditional banks and new online lenders, there is one business challenge that unites both groups: acquiring new customers. While online lenders experiment with offline marketing tactics, banks are aggressively ramping up their online marketing efforts, with total digital ad spend by U.S.

Online and Mobile Banking 40

Online and Mobile Banking Non-Bank Card Issuer Identity Theft 40

CB Insights

OCTOBER 12, 2017

With historically weak banks and many citizens without proper identification, India has always lagged in access to financial services. UPI is a payment system that allows two individuals with bank accounts to instantly transfer money to each other with a single identifier. The race for mobile-friendly fintech.

FinTech 44

FinTech Online and Mobile Banking Non-Bank Identity Theft 44

Fintech Labs Insights

NOVEMBER 12, 2015

Here are the deals by size from 7 Nov to 12 Nov, 2015: NCR. Mobile payments for mcommerce companies. Mobile bank. Tags: Enterprise, fraud, security, online banking, payments, API, developers, big data. Year-to-date the total is $16.9 billion or $22.8 billion counting the Worldpay and First Data IPOs.

NOV 29

NOV Online and Mobile Banking FinTech ATM 29