PYMNTS

NOVEMBER 12, 2020

consumers will likely start rising again as a result of the pandemic recession. Keeping these consumers engaged in the broader financial system is essential to the collective good. Mobile Wallets Get Their Moment. consumers are now using some kind of P2P mobile application, such as Venmo.”. In a word, “legacy.”

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

PYMNTS

NOVEMBER 20, 2018

Israel’s Bank Leumi is planning to bring its online-only bank Pepper to the United States. Launched in 2017, Pepper is a digital banking venture that is initially offering individual accounts with plans to move into securities and mortgages, as well as joint banking options. She added that the U.S.

Online and Mobile Banking 51

Online and Mobile Banking Accounts Continuity Security 51

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

NOV 15

NOV Consumer Online and Mobile Banking Small Business 15

PYMNTS

JULY 7, 2017

Goldman Sachs, the Wall Street bank that has been offering more services to retail consumers in the last few years, is working on a mobile app for the iPhone. Our goal in engineering is to facilitate the creative, iterative, and data driven creation of our all digital retail bank.

Consumer 40

Consumer Online and Mobile Banking Advisors Facilitators 40

Finovate

OCTOBER 4, 2024

Netherlands-based digital banking platform Plumery secured $3.3 The company plans to expand its sales and marketing efforts, bolster international partner management, and enhance its platform’s capabilities for SMEs, consumers, lenders, and microfinance companies. million in funding this week.

AI 64

AI Innovation Payment APIs and Integration Online and Mobile Banking 64

PYMNTS

NOVEMBER 26, 2019

lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures, according to research from the Federal Reserve released on Monday (Nov. Rural communities with lower incomes or a higher percentage of minorities saw the most closures, losing 1,553 bank branches in 794 counties, a decline of 14 percent.

Federal Reserve 83

Federal Reserve Online and Mobile Banking Small Business Fed 83

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 Thasunda Duckett, chief executive of Chase Consumer Banking, told the news service she “hopes the new accounts will attract more low-income individuals and people who have never had bank accounts.”

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

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

Finovate

MAY 29, 2024

Embedded finance and digital banking solutions provider Finotta has announced a strategic partnership with Constellation Digital Partners (Constellation). Embedded finance and digital banking solutions provider Finotta forged a strategic partnership with Constellation Digital Partners (Constellation).

Credit Union 59

Credit Union Online and Mobile Banking Embedded Finance Mobile Banking 59

Fintech News

OCTOBER 22, 2024

The 2024 winners were selected by a panel of key industry players representing organizations such as KKR, Granite Asia (formerly GGV Capital), Singapore’s InfoComm Media Development Authority (IMDA), Singapore Business Federation, Singapore-based global investor EDBI, SGX Group, DBS Bank, Northstar Group, and 65 Equity Partners.

FinTech 107

FinTech Multi-Currency Online and Mobile Banking APACS 107

PYMNTS

JANUARY 24, 2017

As more Americans reach for their mobile devices when making purchases, providers are looking for new ways to secure smartphones. According to industry research, mobile commerce now accounts for nearly a third of the U.S. economy, with sales via mobile devices contributing more than $104 billion to the economy.

Security 51

Security Online and Mobile Banking Economy Mobile Banking 51

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

JUNE 10, 2020

The need to stay at home and minimize person-to-person contact during the COVID-19 pandemic has pushed mobile banking use into overdrive. Customers are unable or unwilling to visit bank branches, instead using apps to conduct their financial activities and generating an 85 percent rise in mobile banking activity in April.

Security 52

Security Online and Mobile Banking Enrollments Mobile Banking 52

PYMNTS

JULY 29, 2019

Many Indian consumers are making their first forays into the digital financial ecosystem as demonetization continues to shrink the country’s age-old reliance on cash. Seventy-five percent of financial institutions with assets above $100 billion are already implementing AI, for example, and banks across all levels are following suit.

AI 72

AI Automation Online and Mobile Banking ATM 72

PYMNTS

FEBRUARY 1, 2021

It has pulled ahead of its EU neighbors in developing real-time payments technology and in recruiting banks to adopt it. And as Rita Camporeale , Head of Payments Systems at the Italian Banking Association ( ABI ), told PYMNTS’ Karen Webster, the pandemic has accelerated the embrace of instant payments that flow directly between banks.

Real Time Payments 100

Real Time Payments Instant Payments Online and Mobile Banking Push-to-Card 100

PYMNTS

FEBRUARY 22, 2018

While mobile banking has its perks, a new survey has found that 60 percent of Americans prefer opening a new checking account in-person at a bank branch. customers feel that online-only banks are “less legitimate” than those with branches. From mid-2012 to mid-2017, Capital One Financial Corp.

Accounts 43

Accounts Online and Mobile Banking Checks ATM 43

The Fintech Times

AUGUST 19, 2024

In the 21st century, the country has established a foothold in various markets including the mobile phone, automobile, semiconductor and steelmaking markets. This plan would support the growth of the Korean fintech industry and ensure consumers were properly protected. This introduced a financial regulatory sandbox programme.

Economy 62

Economy Online and Mobile Banking FinTech Governance 62

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. Reflecting back on our 2017 draft party in August, I remember “The Commissioner” collecting participants’ money — specifically, cold hard cash. Mobile Payments Proliferate.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

SEPTEMBER 16, 2019

That is just one of five critical findings highlighted in How We Will Pay 2019 , a PYMNTS, Visa collaboration examining how consumers use a wide range of connected devices to shop and make purchases. consumers who documented their shopping and purchasing experiences over a seven-day period in mid- to late-July of 2019.

Consumer 75

Consumer Use Case On-Demand FinTech 75

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

OCTOBER 7, 2019

When it comes to QSR and mobile innovation, pizza seller Domino’s has earned itself a leading position. Now, thanks to a court case brought against the chain by a blind consumer, we can probably expect more innovation in the coming years to make eCommerce more accessible to people with disabilities. On Monday (Oct. 7), the U.S.

Online and Mobile Banking 55

Online and Mobile Banking Blocks Innovation Legal 55

PYMNTS

DECEMBER 30, 2016

Analysts continue to flesh out their predictions for payments and FinTech in 2017, but one can never truly know the exact direction an industry will take. Today, 58 percent of SMBs already have international customers, while 72 percent plan to grow their international customer base by 2017.

ISO 20022 50

ISO 20022 B2B Online and Mobile Banking ISOs 50

PYMNTS

NOVEMBER 4, 2019

From counterfeiting to identity theft to phishing attacks, digital fraud takes many forms — and online shopping continues to make consumers and merchants vulnerable to such attacks. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. last year, a 6.5

Online and Mobile Banking 49

Online and Mobile Banking Cross-Border Federal Trade Commission Fraud Prevention 49

PYMNTS

OCTOBER 12, 2017

The world beat a path to Scandinavia’s door this year when it came to mobile payments. Samsung Pay was the first international competitor to plant its flag in 2017, followed by Alipay, with Apple Pay expected to make its official entry into the market before the ball drops on December 31. The Battle for Valuable Consumers.

Mobile Payments 44

Mobile Payments Online and Mobile Banking Payments Digital Payments 44

PYMNTS

MARCH 22, 2018

Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Around the Digital Banking World.

Online and Mobile Banking 60

Online and Mobile Banking Mobile Deposit Checks P2P 60

PYMNTS

NOVEMBER 16, 2020

Consumers have cut back on travel, in-person entertainment and restaurant spend. Then they will use this newfound spending power to bring a new, vengeful spending strategy to the holiday season because, after all, the American consumer deserves a few gifts after all that they’ve been through this year. Here’s the scenario.

Credit Cards 121

Credit Cards Online and Mobile Banking Consumer Research 121

PYMNTS

MARCH 9, 2020

million households were underbanked in 2017. At the same time, bank branch closures appear to be accelerating, with small towns across the country losing a combined 14 percent of their banks between 2012 and 2017. Regional Banks, Credit Unions Compete. The bad news, however, is that it still means 8.4

Credit Union 75

Credit Union Community Banks Small Business Online and Mobile Banking 75

The Fintech Times

APRIL 2, 2024

Partnerships Adyen, the global financial technology platform, has partnered with PayMe by HSBC in Hong Kong to become an acquirer for the mobile payment service. Through this partnership, Adyen’s merchants can now accept PayMe as a payment method when their Hong Kong customers check out their purchases online.

FinTech 57

FinTech Online and Mobile Banking Non-Bank Payment Solutions 57

PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. So, how will consumers (and some businesses) pay? #1:

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

NOVEMBER 16, 2016

16) it launched what it said is Finland ’s first real-time multi-banking platform for mobile pay. The interface enables any licensed payment service provider to offer a multi-bank payment service for customers via one application. Modern consumers are demanding real-time services in all aspects of their everyday life.

Online and Mobile Banking 65

Online and Mobile Banking Real Time Payments NOV Mobile Payments 65

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

OCTOBER 23, 2019

And when it comes to 24/7 real-time payments, adoption by businesses, and by consumers, will be pushed ahead use case by use case and transferring funds between accounts in minutes or seconds will gain traction. What we’re doing with Bill Pay exchange is vastly improving online bank bill payments,” he told Webster.

Visa 41

Visa Real Time Payments Online and Mobile Banking Payments 41

PYMNTS

JULY 28, 2020

The debate about cloud technology’s place in the banking industry has moved beyond whether such platforms can safely transfer and store sensitive financial information. Cloud-based banking technology can help FIs keep up with digitally savvy customers, but banks must realize that no single tool is sufficient to meet their needs.

Technology 56

Technology Online and Mobile Banking SWIFT Innovation 56

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

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

Credit Union 52

Credit Union FinTech BNPL Online and Mobile Banking 52

PYMNTS

AUGUST 24, 2017

In late July, PayPal and Baidu captured the world’s attention when they inked a strategic partnership that gives Baidu’s 100 million or so mobile wallet users access to PayPal’s 17 million merchants. PayPal also inked extended agreements with Citi and Chase, added instant bank transfers and made it easier for its merchants to sell worldwide.

Consumer 50

Consumer Cross-Border PayPal Online and Mobile Banking 50

PYMNTS

DECEMBER 6, 2016

The speed at which digital banking is being transformed by new technologies is rapidly increasing. Whether that’s on their mobile device on the go or in their kitchen while they make dinner. KW: Innovation in the banking sector is blossoming. Where do you see this going, and how do you see it being adopted by banks?

Innovation 76

Innovation Online and Mobile Banking Zelle Venmo 76