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

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

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

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

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM’s digital push, a theme it refers to as “Mobile First, Digital Everything,” is showing positive early results. First Name.

Consumer 76

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

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

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.

FinTech 70

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

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

CB Insights

DECEMBER 4, 2019

Instead, Amazon has taken the core components of a modern banking experience and tweaked them to suit Amazon customers (both merchants and consumers). Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. Increase the number of customers on Amazon, and enable each customer to spend more. Amazon Payments.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. This trend is significant — one financial services company expects U.S. My Money, My Way.

Credit Cards 54

Credit Cards Debit Card Push-to-Card Card Issuer 54

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

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

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

PYMNTS

OCTOBER 12, 2018

per share in the third quarter of 2018, better than the $1.69 That pushed third-quarter profit up 21.8 Strong spots were seen globally, as consumer banking revenue in Latin America was up 8 percent. Citigroup’s stock is still in the red for the year, down 6 percent since the beginning of 2018. percent from 8.28

Push-to-Card 49

Push-to-Card Credit Cards Consumer 49

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. This includes shifts in which consumers are shopping and paying, and in the payment tools or methods they are using to finalize their transactions.

Debit Card 62

Debit Card Online and Mobile Banking Push-to-Card P2P 62

PYMNTS

JANUARY 17, 2020

The move pushes Visa ever further away from cards and toward its goal of becoming, as management has often described it, a “network of networks.”. The emphasis of the deal-making, at least thus far, seems to be payments on a grand, global stage, with the consumer firmly in sight. branded cards business grew by 10 percent.

Push-to-Card 53

Push-to-Card Payment APIs and Integration Credit Cards Payments 53

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

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

SEPTEMBER 14, 2020

Criminals are not the only security threats financial institutions (FIs) and their merchant clients face — these entities often need to defend themselves against consumers as well. Undeserved chargebacks are no trivial issue, either, as the number of such false claims rose 41 percent between 2016 and 2018. Why Customers Go Bad.

AI 70

AI Disputes Push-to-Card Acquirers 70

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

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

AUGUST 3, 2018

Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. They do a lot to push huge costs on the people least able to bear them.”. Overdraft fees can push people out of the banking system,” Saunders said.

ATM 41

ATM Transactions Push-to-Card Debit Card 41

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 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

SEPTEMBER 4, 2018

What does the future hold for the plastic payment card? Will it go the way of the check — still in use, but seemingly out-of-date, as more consumers use mobile devices for transactions? Or will cards with cutting-edge technology win more loyalty from shoppers? The main message he offered?

Chip Cards 44

Chip Cards CHIPS Push-to-Card Payments 44

PYMNTS

DECEMBER 28, 2018

Charles Dickens’ famous starter to A Tale of Two Cities , as it turns out, is a pretty good way to sum up the year 2018 from the view of the alternative financial services segment. However, as 2018 wore on, headwinds started to blow back on the segment, most especially in the form of rising interest rates. That amounts to $13.2

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

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

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

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

PYMNTS

DECEMBER 24, 2019

However, after almost 50 years, it began to fade in the 1980s, disrupted by the emergence of store-branded credit cards. Yet, instead of offering the option to pay now and buy later, the credit cards reversed the order of operation and allowed customers to buy now and pay later over time. That’s not all.

Credit Cards 55

Credit Cards Push-to-Card Consumer Returns 55

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

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

JUNE 3, 2020

In PYMNTS’ latest Faster Healthcare Payments Report done in collaboration with Mastercard , the healthcare landscape gets a good going-over, from consumers managing the cost of pharmaceuticals to healthcare providers plugging up payment leaks and becoming more efficient. Pushing Past Paper. For many, it’s very difficult.

Faster Payments 63

Faster Payments Payments Checks Push-to-Card 63

PYMNTS

JUNE 6, 2019

don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. The global mPOS industry was valued at $26 billion as of 2018, and is projected to grow 35.4 percent between 2018 and 2025. JPMorgan Chase will roll out new Visa-branded contactless EMV cards this year. In the U.S.,

Contactless Payments 56

Contactless Payments Chip Cards EMV Card Issuer 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

PYMNTS

DECEMBER 19, 2019

No cards are needed. Consumer customers have been able to use QR codes to make cash withdrawals, deposits and transfers. billion as of June 30, 2018. The push to eliminate cash in Turkey faces a series of barriers, which complicates meeting the country’s professed 2023 deadline to transition away from physical currency.

Transactions 52

Transactions IBAN Push-to-Card Facilitators 52