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

Open Banking Excellence

AUGUST 23, 2023

When generative AI arrived, it already had a huge infrastructure to draw upon, as well as the staggeringly large corpus of human knowledge published online during the past few decades. Then, in 2016 we introduced Einstein, which was the first comprehensive AI for customer relationship management (CRM).

AI 130

AI Risk Online and Mobile Banking CRM 130

PYMNTS

SEPTEMBER 28, 2020

As India approaches the fourth anniversary of 2016’s demonetization, the landscape that has defined the country and economy is undergoing a radical shift. India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD).

Mobile Payments 135

Mobile Payments Payments Use Case Contactless Payments 135

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard. Mobile security on the move.

EMV 76

EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

JANUARY 2, 2019

Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. Some financial institutions, including Bank of America and UMB Bank, have also invested in mobile B2B payments.

Commercial Card 84

Commercial Card Online and Mobile Banking Payer B2B 84

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

PYMNTS

JUNE 20, 2017

As the popularity of online shopping continues to rise, it comes as no surprise that there has also been an uptick in card-not-present purchases. The study outlines several contributing factors driving this surge in eCommerce transaction popularity, including the rise in consumer confidence in online security measures.

Rules 52

Rules Online and Mobile Banking Card Association Contactless Payments 52

PYMNTS

NOVEMBER 17, 2016

Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. That may be particularly scary since Forbes reported that Mark Zuckerberg of Facebook got his social media accounts hacked for the third time in 2016.

Security 76

Security Consumer Online and Mobile Banking Compromise 76

Clearly Payments

MARCH 18, 2024

In consumer finance, the way we pay for goods and services is changing rapidly. We’ll break down the numbers, analyze the demographics, and uncover the driving forces behind the choices consumers are making when it comes to how they pay. They’re also big fans of mobile wallets.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

Finovate

APRIL 18, 2024

Bankjoy, a digital banking provider for banks and credit unions, announced a partnership with Pinwheel this week. Bankjoy will help its more than 70 bank and credit union customers integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime.

Direct Deposit 59

Direct Deposit Accounts Credit Union Online and Mobile Banking 59

PYMNTS

JANUARY 12, 2020

It will integrate with the financial giant’s digital bank Marcus. Released January 8 th of this year, the Marcus app has been well-received so far by consumers. Prior to that time, the venerable Goldman Sachs was primarily an investment bank and trading house utilizing wholesale market funding since being founded in 1869.

Credit Cards 52

Credit Cards Consumer Finance Transactions 52

PYMNTS

SEPTEMBER 1, 2020

Wells Fargo is launching a new, low-cost bank account — with access as well to a new digital payments service — in its latest move to push beyond a series of scandals. bank account, the bank noted in its announcement. The bank said it will also waive the $5 fee for younger account holders ages 13 to 24.

Digital Payments 93

Digital Payments Accounts Zelle Online and Mobile Banking 93

PYMNTS

DECEMBER 9, 2019

Among the findings of the recent 2018 Diary of Consumer Payment Choice , produced through several of the U.S. Federal Reserve Banks, electronic payments are on the rise. consumers surveyed made more than half their payments with cards, at 54 percent of payments or 24 transactions. Credit held sway over both cash and debit.

Fed 56

Fed Debit Card Consumer Federal Reserve 56

PYMNTS

JANUARY 13, 2017

Two hours into the trading day, bank stocks are helping to lift the markets, leaning in part on the trio of big names in the sector that reported Friday (Jan. 13) — that would be JPMorgan Chase, Wells Fargo and Bank of America. As for bank earnings, themselves: JPMorgan stands out with a sizable beat on the bottom line with $1.71

Consumer 40

Consumer Online and Mobile Banking Credit Cards Volume 40

PYMNTS

SEPTEMBER 7, 2016

“Around the globe, we continue to work with our bank and merchant customers to deliver new features and functionality to Masterpass that not only solve for their needs but address the issues facing the ultimate customer — the consumer. In doing so, we’ve developed a platform that’s second-to-none and unique in the market today.

Online and Mobile Banking 41

Online and Mobile Banking Issuers Visa Digital Payments 41

PYMNTS

JULY 17, 2019

Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method. During that quarter, consumers made 69 million payments worth $18 billion via Zelle. In all, Bank of America now has 37.3

Zelle 47

Zelle Online and Mobile Banking Debit Card Payments 47

PYMNTS

JANUARY 26, 2021

Consumers’ migration to using contactless payment methods more often for their speed and convenience was only accelerated during the onset of the pandemic last year. Fagan said CUs have seen deposit balances rise, a sign that consumers have been careful about building savings, reducing debt and compiling barriers against financial shocks.

Credit Union 110

Credit Union Contactless Payments Online and Mobile Banking Credit Union Service Organization 110

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Online Checkout Conversion. Digital Banking.

Online and Mobile Banking 41

Online and Mobile Banking Demand Deposit Account (DDA) EMV Cross-Border 41

PYMNTS

JULY 17, 2019

The second Payment Services Directive ( PSD2 ) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. 14, 2019, to be exact. To some degree.

Consumer 65

Consumer Authentication Online and Mobile Banking Compliance 65

PYMNTS

MARCH 23, 2017

Adoption of mobile payments has been anything but explosive. According to data from PYMNTS and InfoScout, as of June 2016, more than a third of survey respondents said they rarely consider using Apple Pay. Bank’s President of Corporate Payment Systems Jeff Jones, corporates want to give mobile payments a try.

B2B 51

B2B Online and Mobile Banking Commercial Card Mobile Payments 51

PYMNTS

OCTOBER 13, 2016

While mint chocolate chip ice-cream might be the way to a foodie’s heart, MintChip digital currency is not the way to a millennial’s mobile wallet, apparently — at least not in Liberty Village, Toronto. Meanwhile, consumers in Asia have no such qualms, while the U.S. South Korea Is Mega Mobile. The news from the U.K.

Mobile Payments 79

Mobile Payments Online and Mobile Banking Payments Digital Currency 79

FICO

DECEMBER 4, 2017

As the proud winner of my local fantasy league’s 2016 trophy (pictured above), I’m keenly focused on gearing up for my 2017 playoff run. Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Mobile Payments Proliferate. I’m concerned about the emergence of yet another opportunity for mobile payments fraud.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

FEBRUARY 13, 2020

Still, it is not known how that figure stacks up against other credit cards, as Bloomberg said banks do not break out performance by individual cards. The Apple Card provides users with the option to gain 3 percent cash back when paying for Apple products and services, as well as at Uber, T-Mobile, Uber Eats, Duane Reade and Walgreens.

Online and Mobile Banking 64

Online and Mobile Banking Credit Cards Product Consumer 64

PYMNTS

NOVEMBER 28, 2016

For years, financial institutions have relied heavily on face-to-face interactions at the bank branch in order to determine the financial needs of their customers. But today, banks are struggling to make these complex decisions because, in many branches, customers are nowhere in sight. How can banks truly do more?

Online and Mobile Banking 72

Online and Mobile Banking Mobile Payments Checks Consumer 72

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method.

Mobile Payments 55

Mobile Payments Online and Mobile Banking Authentication Payments 55

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

PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. It’s been 20 months, and we tried to get a debit card from some of the largest banks. The world doesn’t need another bank,” Poovala told Webster. Widening Debit’s Acceptance.

Debit Card 103

Debit Card FinTech Online and Mobile Banking Account Takeovers 103

PYMNTS

AUGUST 15, 2019

Japan, in the last several years, has been something of a puzzle among mobile payments watchers around the world. And the first mobile wallet in history launched in Japan — created by I Mode and DOCOMO 20 years ago in 1999. PayPay And Signs Of Mobile Acceleration. It’s the market that should ignite but stubbornly refuses to.

Mobile Payments 61

Mobile Payments Online and Mobile Banking Payments Push-to-Card 61

PYMNTS

MAY 13, 2016

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. The assistant can also provide extended authentication and serve as a password manager.

CHIPS 40

CHIPS Chip Cards Identity Theft Online and Mobile Banking 40

FICO

FEBRUARY 23, 2016

The China Financial Certification Authority expects that mobile banking customers will account for around 24% of the total e-banking users in 2015, and that 40% of those will buy financial products through their smartphones. So far, in just over a year, the bank has received more than 3.5 April 26-29.

Online and Mobile Banking 58

Online and Mobile Banking Credit Cards Advisors Automation 58

PYMNTS

SEPTEMBER 7, 2016

Wearables are becoming the must-have of mobile devices. In Australia , as new smartphone models are taking longer to come to market, consumer curiosity is exploring wearables, according to Telsyte. Over 1 million watches were sold in the first half of 2016. Slow New iPhone Models And The Old Curiosity Shop.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments P2P Credit Cards 40

PYMNTS

JANUARY 4, 2018

Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. Despite there being some variety of “Pay” for every day of the week, none have garnered even a 10 percent usage rate among consumers. The most-used mobile wallet in the U.S.

Push-to-Card 43

Push-to-Card Online and Mobile Banking Mobile Payments Wire Transfer 43

PYMNTS

JANUARY 30, 2019

Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg. The bank will expand the eligibility for free trades on stocks and exchange-traded funds to the upwards of 5.25 million customers enrolled in the bank’s preferred rewards program. In all, Bank of America now has 36.3

Zelle 56

Zelle Online and Mobile Banking P2P Enrollments 56

PYMNTS

SEPTEMBER 27, 2016

One where a trip to the grocery store or the bank is a thing of the past (if it isn’t already). Consumers are also demanding efficient new systems and processes. Research shows that consumers want more personalization and convenience. In 2016, 5 percent of U.S. In 2016, 5 percent of U.S.

Mobile Payments 72

Mobile Payments Online and Mobile Banking On-Demand Payments 72

PYMNTS

JUNE 30, 2016

Today marks the last day of June 2016, which means we’re halfway through the year. And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Here’s what you may have missed this month from some of the top mobile pay players.

Online and Mobile Banking 41

Online and Mobile Banking Mobile Payments PayPal Visa 41

PYMNTS

AUGUST 22, 2018

No one wears just one suit of armor, and no one shops in just one place when it comes to the mixing and matching of that armor, the hunting for designer names and comparing price tags against the waxing and waning of one’s bank account. Within that, how much is online? Why should luxury fashion be any different? million last year.

Online and Mobile Banking 40

Online and Mobile Banking On-Demand Technology Innovation 40