PYMNTS

JANUARY 7, 2020

By creating new divisions, the company may be training a brighter spotlight on its consumer banking efforts. Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. billion seen in December 2018. billion for the quarter that ended Sept.

Consumer 53

Consumer Push-to-Card Credit Cards Continuity 53

PYMNTS

JANUARY 7, 2020

By creating new divisions, the company may be training a brighter spotlight on its consumer banking efforts. Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. billion seen in December 2018. billion for the quarter that ended Sept.

Consumer 52

Consumer Push-to-Card Credit Cards Continuity 52

PYMNTS

DECEMBER 24, 2019

About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. By comparison, ownership of smart TVs has increased just 5 percent, and ownership of connected cars has increased 3 percent since 2018. That’s not all — voice is becoming more emotionally attuned to consumers.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

AUGUST 6, 2020

Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2 trillion in 2018. Only 26 percent of all consumer purchases in the U.S. are made with cash , for example, and 63 percent of consumers have at least two credit cards.

Regulations 98

Regulations B2B Instant Payments Payments 98

PYMNTS

MARCH 13, 2019

Whether its receiving loans from their financial institutions (FIs), getting rebates from merchants or receiving on-demand payments, consumers want more options in how they receive their disbursements. When it comes to receiving disbursements, there is a growing gap between what consumers want and what they get, the Index highlighted.

Direct Deposit 54

Direct Deposit Consumer Instant Payments On-Demand 54

PYMNTS

MAY 10, 2017

The commerce life of a consumer is becoming more digital by the day, given the proliferation of mobile wallets, eCommerce destinations and the emerging plethora of IoT-ready devices now capable of enabling commerce for them. Solutions exist currently, of course.

Push-to-Card 73

Push-to-Card Credential Issuers Payment APIs and Integration 73

PYMNTS

DECEMBER 26, 2018

Most simply, contextual commerce means meeting consumers where they are online — they don’t have to be shopping — to enable product discovery and transactions that might spring from, say, people sharing knitting or interior decorating tips, or music fans talking about a particular band. No, think of them as miniature seminars.

Cross-Border 62

Cross-Border Real Time Payments RTP Online and Mobile Banking 62

PYMNTS

NOVEMBER 21, 2018

The paper reported that Amazon in its initial push and has been working with gas stations, restaurants and local merchants that aren’t competing directly with Amazon. The move is part of Amazon’s efforts to be a part of every aspect of consumers’ lives. consumers have been slow to embrace digital wallets.

Push-to-Card 74

Push-to-Card Mobile Payments Digital Payments Credit Cards 74

PYMNTS

NOVEMBER 18, 2020

consumers’ cash use has declined over the last several years in terms of its share of the overall payments pie, but as consumers spend more, the pie gets bigger, and as people continue to use cash, cash usage continues to grow. The Changing Consumer. It is a warning that consumers have been increasingly taking to heart.

ATM 121

ATM Federal Reserve Push-to-Card Consumer 121

PYMNTS

JULY 16, 2018

He says the uptick is caused, in part, by the sales lasting 36 hours this year and because of the discounts Amazon is pushing, particularly on its own in-house line of electronic products. “When you think about Alexa, smart speakers and smart home products, it’s really becoming more and more [essential] to the consumer.

Push-to-Card 40

Push-to-Card Research Product Volume 40

PYMNTS

AUGUST 14, 2019

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized : firms are often considered too small to be profitable for banks’ corporate services units and are therefore pushed into an FI’s consumer banking operations.

Consumer 48

Consumer Small Business Push-to-Card FDIC 48

PYMNTS

FEBRUARY 19, 2018

In short, while 2017 was the year of payments disruption, 2018 will be the year of the satisfied customer. In short, while 2017 was the year of payments disruption, 2018 will be the year of the satisfied customer. That doesn’t just mean consumers either. trillion: the current valuation of the U.S.

B2B 40

B2B B2C Push-to-Card Commercial Card 40

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. Highlights from the fintech 250 Class of 2018. Click to enlarge. . Phone number.

FinTech 80

FinTech Debit Card Payment APIs and Integration Push-to-Card 80

PYMNTS

FEBRUARY 26, 2020

Mastercard , like most consumer credit connected brands, was hit hard in the early days of the Great Recession. However, those trend lines soon gave way to growth in the early 2010s and beyond — driven by the digitization of commerce — with the card network’s revenue tripling in the last decade.

Visa 109

Visa Payments Push-to-Card EMV 109

Fintech News

OCTOBER 10, 2024

Banks push for digitalization According to the report, large banks are at the forefront of the sector’s digital transformation. This dynamic ecosystem is supported by regulatory advancements and collaborative partnerships, which are expected to continue fostering innovation and growth in the sector.

Payment APIs and Integration 101

Payment APIs and Integration Innovation API Push-to-Card 101

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. And finally, that the banks and the card networks are the big losers.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

NOVEMBER 15, 2017

Patent and Trademark Office, shows Mastercard ’s plans to deploy distributed ledger technology to develop a platform on which credit card transactions can be completed in real-time, rather than through the current system, in which payees have to wait several days before those transactions are verified and land in their accounts. Mastercard.

Blockchain 52

Blockchain Distributed Ledger Technology (DLT) Visa Real Time Payments 52

PYMNTS

JANUARY 1, 2019

Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018. When PYMNTS and Visa spoke to 2,800 consumers for the 2018 edition of the How We Will Pay study, working consumers were among the groups keenest to be paid faster.

Instant Payments 79

Instant Payments PayPal Payments Economy 79

PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. This represents a fivefold increase from the pre-pandemic normal, when most consumers shopping online were better attuned to security protocol.

Fraud Prevention 102

Fraud Prevention Account Takeovers Phishing Push-to-Card 102

PYMNTS

JULY 2, 2019

Payment bottlenecks cause problems for all types of consumers and companies, not the least of which are small and medium-sized businesses (SMBs). The two payments firms announced on Tuesday (July 2) the launch of PayPal’s Instant Transfer in Canada for SMBs and individual consumers. Typical SMBs need their money faster,” Parisi said.

PayPal 79

PayPal Debit Card Push-to-Card Small Business 79

PYMNTS

OCTOBER 14, 2020

Payguru is a Turkish company currently working to give residents a way to pay for bus travel cards via text message, according to a report by Financial Times (FT). The way it works, since the company began testing it in the city of Kahramanmaras in 2018, is that users can send a text message and refill their cards via mobile phone.

Online and Mobile Banking 70

Online and Mobile Banking FinTech Push-to-Card Credit Cards 70

PYMNTS

JUNE 4, 2019

On Tuesday (June 4), the payment card network launched its latest initiative centered around the changes, a program called Open Banking Solutions. in early 2018, depends on open application programming interfaces ( APIs ), which allow trusted third-party developers to build services for financial institutions.

Visa 81

Visa API Disputes Push-to-Card 81

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

DECEMBER 20, 2018

What’s more, Bloomberg said in 2012 it took three times longer to find a job when compared with 2018. Student loan debt isn’t the only credit issue facing consumers heading into the new year. That will push the balances to more than $1 trillion. consumers this year. Student loan debt in the U.S. There were 1.8

Credit Cards 64

Credit Cards Push-to-Card Consumer 64

PYMNTS

NOVEMBER 17, 2020

The nature of these payments means that, once they have been made, consumers cannot reverse them. They can use fraudulent invoices to scam unsuspecting businesses and consumers or hijack legitimate email correspondence during property transactions to divert funds into the bank accounts of their choosing, for example.

Scams 89

Scams Account Takeovers Federal Trade Commission Real Time Payments 89

FICO

MARCH 26, 2018

In February 2018 Australia launched their New Payments Platform for use by consumers. While e-wallets and person-to-person schemes offer people quick and easy ways to pay, they have been underpinned by pre-existing payment systems, either card schemes or ACH transfers. Authorised Push Payment Fraud at the Point of Transaction.

Real Time Payments 88

Real Time Payments Irrevocability Push-to-Card Payments 88

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Debit Card 71

Debit Card Checks Accounts FinTech 71

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Mexico has crafted its upcoming rules with similar developments in mind, especially as its 2018 law makes the market more attractive to FinTechs.

Online and Mobile Banking 66

Online and Mobile Banking Regulations Laws Push-to-Card 66

The Payments Association

DECEMBER 11, 2024

It highlights the need for a strategic, proportionate approach to safeguarding that aligns with broader regulatory and consumer protection goals. In relation to safeguarding , the FCA is rightly concerned that for firms that became insolvent between Q1 2018 and Q2 2023, there was an average shortfall of 65% in funds owed to clients (i.e.

Treasury 88

Treasury Payments Consulting Consumer Protection 88

FICO

SEPTEMBER 20, 2017

New rules from the UK’s Financial Conduct Authority could require new forms of communications aimed at raising awareness with consumers, increasing transparency and tackle the issue of persistent debt across the UK. From July 2018 issuers will need to prompt their cardholders if their expenditure surpasses pre-defined thresholds.

Rules 60

Rules Issuers Push-to-Card Credit Cards 60

PYMNTS

NOVEMBER 20, 2020

Such factors could drive companies worldwide to seek the utility and flexibility of delivering payroll via prepaid cards, and this month’s Deep Dive examines companies’ growing interest in these tools. . Companies with global workforces need to overcome numerous challenges to quickly and easily pay their employees. Paying unbanked workers

Payroll 78

Payroll Direct Deposit Push-to-Card Debit Card 78

PYMNTS

NOVEMBER 1, 2018

The influx of freelancers is pushing companies to adopt even faster methods of disbursements to satisfy their need for payment speed. In the latest Disbursements Tracker , PYMNTS takes a look at the latest disbursements news and recent developments pushing us further from the paper check. Around The World Of Disbursements.

Instant Payments 75

Instant Payments Economy Real Time Payments Faster Payments 75

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. Virtual card issuance. Business lending and corporate cards. Supporting merchant partner growth. Growing the internet economy.

Payment APIs and Integration 98

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

PYMNTS

JANUARY 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. Soon, consumers in many states in the U.S. The Ban on the Ban. is nothing new.

Rules 72

Rules Push-to-Card Regulations Consumer 72

PYMNTS

OCTOBER 30, 2020

billion of these payments in 2018 alone for a total of $97.04 consumer purchases made with cash. It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 Cash payments are quickly falling to the wayside, with only 26 percent of all U.S.

Automation 91

Automation Process Disputes AML 91

PYMNTS

FEBRUARY 22, 2018

Hackers who used to amuse themselves stealing credit cards have raised the level of their identity theft game such that 2017 was a record year — 16.7 Al Pascual, Javelin’s research director and head of fraud and security, expects 2018 to be another record year. Consumers play a very central role in protecting their own identities.

Identity Theft 56

Identity Theft Account Takeovers Push-to-Card Social Security 56

PYMNTS

AUGUST 28, 2020

The COVID-19 pandemic has accelerated the need for FIs to quickly scale and roll out faster payment experiences , whether that means offering businesses instant access to loans or enabling access to consumers’ stimulus funds without any wait, says Bryce Elliott , CIO at Truist Bank. It’s the end of another week and the end of a busy month.

Online and Mobile Banking 83

Online and Mobile Banking Faster Payments Push-to-Card Issuers 83