The Fintech Times

JANUARY 13, 2024

The open banking journey to date Open banking was initially launched in the UK in 2017, shortly after the Competition and Markets Authority (CMA) concluded its market investigation into retail banking. The moves also hoped to significantly enhance the security of payments, as well as the protection of consumer data.

Payment APIs and Integration 80

Payment APIs and Integration Use Case On-Demand Consumer 80

PYMNTS

SEPTEMBER 17, 2019

However, among the more enthusiastic refrains from supporters: Cryptos will become ubiquitous as they scale into everyday retail environments. The latest move by the fast-food monarch follows efforts that stretch back to 2016, when consumers in the Netherland were able to buy their meals with cryptos, in Arnhem. It’s been a slow start.

Bitcoin 85

Bitcoin Ubiquitous Volume Blocks 85

PYMNTS

OCTOBER 18, 2020

The Budapest Eye is located at the popular Erzsébet Square in the city center, and the current version of it opened in 2017, with a 65 meter height from the ground. Those included drive-thrus and curbside pickup, which have been near-ubiquitous as ways for eateries to make money and will likely continue to be as the weather cools.

Ubiquitous 66

Ubiquitous Economy Continuity Consumer 66

Faster Payments Council

DECEMBER 4, 2019

"The FPC is the only payments organization that has members representing business end users, network operators, consumer organizations, financial institutions, and technology providers, and we believe the Fed's participation gives the FPC even greater reach across the industry to drive adoption of a ubiquitous faster payments system."

Federal Reserve 68

Federal Reserve Faster Payments FPC Fed 68

Fintech News

APRIL 16, 2024

With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services. The BOT expects the advent of digital banking to heighten customer experiences, enhance financial services accessibility, and lower fees for consumers.

FinTech 116

FinTech Bots Central Bank Innovation 116

PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. million Australian consumers — more than 5 percent of the population — registered with the service within its first month. . Payments: Consumer Preferences. State of U.S.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

APRIL 18, 2017

In a press release, Early Warning Services said the Zelle Network now includes 20 banks and credit unions and is poised to reach an estimated 85 million consumers in the U.S. New “Send Money with Zelle” experiences will be live in bank apps in mid-2017, the company added. With Zelle, we’ll collectively reach more U.S.

P2P 40

P2P Zelle Transactions Process 40

PYMNTS

JANUARY 3, 2020

Rarely do consumers and businesses agree on anything as much as they have on instant. And as promising as things are in the early stages, there’s work to be done before instant becomes ubiquitous. As instant money organizes itself largely around consumer preferences, there are important distinctions to be made. Risk vs. Reward.

Instant Payments 60

Instant Payments Payments Push-to-Card Ubiquitous 60

PYMNTS

MAY 11, 2018

2017 — with some ups and downs in between. 2017 reflects some sort of delayed inflection point. The bump may have primarily come from more people trying Apple Pay for the first time, rather than existing Apple Pay consumers using it more often. Plastic cards are ubiquitous and the default payment method at checkout.

Credit Cards 50

Credit Cards Push-to-Card Ubiquitous Product 50

PYMNTS

APRIL 20, 2017

Can push payments make the push into full acceptance by consumers and corporates? Consumers can choose any payment method, such as a debit card, credit card, private label, prepaid, PayPal or other account to receive funds. Ingo Money has been a big part of delivering this consumer choice in push payments.

Push-to-Card 42

Push-to-Card Ubiquitous Checks Payments 42

PYMNTS

FEBRUARY 1, 2021

As Camporeale told Webster, Italian banks were among the first to adopt the SEPA instant credit transfer schemes, back in November 2017. It has clarified the banking processes, but RTP is hardly ubiquitous within Italy, much less across the Eurozone.

Real Time Payments 100

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

PYMNTS

JULY 23, 2019

Businesses and consumers are unlikely to change their payment preferences until two conditions are met: they both feel the pain of slow legacy systems and are presented with an easy-to-adopt alternative. Real-time payment system advocates seek to make the rails as close to ubiquitous as possible. Around the Faster Payments World.

Real Time Payments 52

Real Time Payments Faster Payments API Ubiquitous 52

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). it has been since the fall of 2017. Here’s where the canary flew in.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

FICO

DECEMBER 18, 2017

In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. Two-Factor Authentication Will Become Nearly Ubiquitous. “The more things change, the more they stay the same.” We’ll See Our First Biometrics Hack in 2018.

Cybersecurity 73

Cybersecurity Authentication Credential Ubiquitous 73

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov. consumers — 47.2

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

PYMNTS

JULY 8, 2019

Instagram encourages discovery and shopping, but has stopped short of adding a literal buy button , while Twitter has experimented with them but nixed the idea in 2017. They are now so ubiquitous on eCommerce sites that the average shopper might not even notice them. percent of eCommerce sites in Q2 2017 and 14.6 percent growth.

PayPal 51

PayPal Ubiquitous Consumer Security 51

PYMNTS

DECEMBER 26, 2016

For years, mobile payment providers had been pushing solutions for mobile pay in-store, but a few things were not there yet: mobile adoption, mobile technology and consumer sentiment. Because of this, there’d been a nebulous — at best — market on both the merchant and consumer side. Showrooming is no longer a four-letter word.

Payments 50

Payments Ubiquitous Consumer Consulting 50

PYMNTS

FEBRUARY 14, 2018

If 2017 was the year of disruption , what will 2018 be? Because – as the executives we spoke to nearly universally pointed out – there is no longer any fooling the average consumer about what is possible and what they can reasonably expect from providers. In 2018, they’re becoming an ubiquity that no organization can ignore.”.

Payments 79

Payments Ubiquitous Bitcoin Mobile Payments 79

PYMNTS

MAY 22, 2018

Where once stores could focus on building long-term relationships with their consumers, today the average merchant doesn’t have time to let that kind of relationship flower. That’s great news for retailers, particularly new brands that struggle with getting consumers to give them a try. according to the figures PYMNTS has gathered.

Ubiquitous 43

Ubiquitous Consumer Returns Checks 43

PYMNTS

OCTOBER 28, 2016

Meanwhile, credit card giant Mastercard anticipates launching a selfie payment service in European marketplaces in 2017. The solution, called the iovationScore, can pick up on subtle contextual and global behavioral transaction patterns to safeguard consumers from fraud. The phone has also been banned from U.S.

Credit Cards 71

Credit Cards Security Ubiquitous Payment Security 71

FICO

AUGUST 20, 2017

As traditional auto finance lenders are stepping up their online game, along come Digital Consumer Lenders like Avant , Earnest , and SoFi to compete on alternative playing fields. Another item to consider is the ubiquitous access to information which has irreversibly flipped the balance of power to the consumer in deal negotiations.

Ubiquitous 69

Ubiquitous Technology Assessments Process 69

PYMNTS

SEPTEMBER 23, 2016

More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. via all banks and credit unions. Today (Sept. Every bank in the U.S. is now capable of receiving and enabling this same-day capability.

Faster Payments 75

Faster Payments Same Day ACH ACH ACH Network 75

PYMNTS

DECEMBER 3, 2019

According to the latest edition of the PYMNTS Disbursement Tracker , 64 percent of consumers have heard of instant payments and are interested in knowing more. When we asked in 2017 how many consumers have received an instant payment, the answer was a paltry 11 percent. The simple answer there is availability.

Instant Payments 56

Instant Payments Payee Payments P2P 56

PYMNTS

DECEMBER 27, 2019

According to the latest edition of the PYMNTS Disbursement Tracker , 64 percent of consumers have heard of instant payments and are interested in knowing more, a dramatic uptick over 2017 when only a little over a third of consumers had even heard of this new way to be paid. The numbers go beyond awareness. How do they do that?

Instant Payments 52

Instant Payments Payments Push-to-Card Payer 52

PYMNTS

JULY 20, 2017

And while to American audiences who are perhaps just beginning to warm to the idea of using Apple Pay or PayPal in a physical store, more interesting is that a short three years ago cash was very much still king among Chinese consumers, as card use has always been a somewhat limited phenomenon. The Mobile Swap — by the Numbers and Beyond.

Online and Mobile Banking 55

Online and Mobile Banking Mobile Payments Ubiquitous Consumer 55

PYMNTS

OCTOBER 12, 2018

But for 27 percent of American consumers who are unbanked or underbanked, according to the FDIC , things aren’t nearly as seamless. This, he noted is the 90 million or so American consumers – who need to be better served. Digital and card payments have grown, he noted, and check payments are slowly fading away. percent and 15.5

PayPal 63

PayPal Online and Mobile Banking Visa Financial Inclusion 63

PYMNTS

JULY 24, 2019

back in 2017, they haven’t yet hit ubiquity. This balance is particularly important when it comes to P2P payments, as consumers’ perceptions of security and convenience affect adoption and use.”. Real-time payment system advocates seek to make the rails as close to ubiquitous as possible. This is shifting, though.

Real Time Payments 67

Real Time Payments Payment APIs and Integration Faster Payments Fraud Detection 67

PYMNTS

JANUARY 24, 2019

Since The Clearing House (TCH) launched Real-Time Payments (RTP) in 2017, the system has yet to reach ubiquity in the U.S. While consumers wait for sweeping system-wide changes, they still crave speedier services that can streamline the payments they make in their daily lives, and companies like Stack Sports are working to meet that demand.

Federal Reserve 67

Federal Reserve Real Time Payments Faster Payments RTP 67

PYMNTS

NOVEMBER 30, 2017

Cleland explained many facets of the current state-of-cash, including its changing accessibility and evolving role in consumer preferences. With more competition from alternate payment forms these days, cash may not be the only choice consumers have, but it continues to be a payment method to reckon with, she said. And rightfully so.

Contactless Payments 66

Contactless Payments Alternative Payment Methods Online and Mobile Banking ATM 66

PYMNTS

APRIL 14, 2017

For consumers, accessibility and lack of information are significant barriers to purchasing cannabis. The vision for greenRush is to build a ubiquitous platform, allowing consumers to order cannabis on demand from any location of their choosing across every legal cannabis market in the world.

Legal 56

Legal On-Demand Ubiquitous Consumer 56

FICO

MARCH 9, 2020

grew to $324 billion in 2017 from $208 billion in 2012, according to Mercator Advisory Group, a research and consulting firm. Starting in April 2019, prepaid debit card users have been better protected thanks to a ruling by the Consumer Financial Protection Bureau.

AI 52

AI Fraud Detection Debit Card Error Resolution 52

PYMNTS

SEPTEMBER 24, 2018

That ecosystem today includes developers who create skills powered by Alexa , SDKs (software developer kits) for third parties to use to incorporate Alexa into their own devices and a suite of Amazon’s own hardware devices that consumers can purchase to bring Alexa and her skills into their homes and offices. consumer’s automobile.

Consumer 76

Consumer Use Case On-Demand Ubiquitous 76

PYMNTS

SEPTEMBER 16, 2019

consumers shop and pay — today and in the future. But it’s the bridge millennials – those 30- to 40-year-olds who are the first generation of connected consumers with spending power – who offer profound insights into the future of connected commerce, and the devices and apps that enable those experiences. This group of 60 million U.S.

Consumer 89

Consumer Use Case Ubiquitous Credential 89

PYMNTS

AUGUST 4, 2016

Hot on the heels of M-Pesa, Samsung plans to initiate payment services in South Africa in the first quarter of 2017. We’ve written extensively about the fact that the number of apps that consumers download monthly is about zero and the number that they use regularly doesn’t require both hands to count.

Mobile Payments 40

Mobile Payments Online and Mobile Banking Non-Bank Payments 40

PYMNTS

JUNE 6, 2017

Volume advances remained impressive as measured consecutively, as volume grew 13 percent from the fourth quarter 2016 to the first quarter of 2017. “It One-third of the Same Day ACH transactions were B2B, and 53 percent were direct deposit, business-to-consumer payments stretching across payroll or business refunds.

Same Day ACH 47

Same Day ACH ACH ACH Network NACHA 47

PYMNTS

AUGUST 6, 2019

Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. “We Why Now For FedNow.

FedNow 85

FedNow Fed Federal Reserve Instant Payments 85