Open Banking Excellence

SEPTEMBER 5, 2023

Since Open Banking launched on January 18, 2018, banks have made a suite of mandatory APIs available to TPPs. Our first reaction to observing this opportunity was to consider if and how we could persuade the regulator to push banks to make more APIs available. NatWest has been working to solve this puzzle for several years.

API 130

API Large Merchants Due Diligence Regulations 130

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

NOVEMBER 15, 2017

Despite that reality, blockchain projects continue to roll in, and in this week’s Blockchain Tracker, PYMNTS takes a look at some of the largest names in tech marching forward with their faith in blockchain and its potential to disrupt enterprise processes. Mastercard. Reports said the filing, dated Nov. 9 with the U.S.

Blockchain 52

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

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

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

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. While its imminent death has been long forecast, cash just keeps on living to pay another day.

ATM 121

ATM Federal Reserve Push-to-Card Consumer 121

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JULY 4, 2018

Regulatory disruption — think GDPR and open banking rules — shook up the business financial services market, while blockchain continued to dig deeper into use cases like trade finance and global payments. As part of that effort, Mastercard enabled push payments to small businesses from other companies via the Send solution.

B2B 40

B2B Payment APIs and Integration Push-to-Card Visa 40

PYMNTS

JANUARY 8, 2020

billion per year in incremental growth between 2018 and 2023. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity.

EMV 67

EMV Chip Cards Verification CHIPS 67

PYMNTS

NOVEMBER 17, 2020

Instances of APP fraud around the globe have continued to rise as real-time payment rails extend their reach. targeting both individuals and merchants during the first half of 2018, hitting £148 million ($191 million USD) in losses. The nature of these payments means that, once they have been made, consumers cannot reverse them.

Scams 89

Scams Account Takeovers Federal Trade Commission Real Time Payments 89

FICO

SEPTEMBER 20, 2017

The Financial Conduct Authority issued a consultation in 2017 called the ‘Credit card market study: consultation on persistent debt and earlier intervention remedies’ that was completed in July. 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

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

FEBRUARY 19, 2019

Retail figures will vary as new stores continue to come online and the marketplace continues to evolve,” the report said. That market could reach as much as $5.1 billion in annual sales by 2020, according to one estimate – though some predictions are higher, especially ones that include spending on accessories and growing supplies.

Legal 71

Legal Payments Push-to-Card Law Enforcement 71

FICO

DECEMBER 10, 2020

These and other milestones have come to pass, pushing enterprise-scale AI solidly into the “early adoption” phase, as defined by “Chasm” author Geoffrey Moore. So, more work is needed to enforce and audit ethical AI usage, as 67% of AI leaders don't monitor their models to ensure continued accuracy and ethical treatment.

AI 98

AI Fraud Detection Payment APIs and Integration On-Demand 98

PYMNTS

SEPTEMBER 24, 2020

Petal , a startup with a mission to shake up the world of credit cards, is poised for more expansion after nailing down another big commitment from its investors. Once approved, customers gain access to a “high-quality Visa® credit card.” Once approved, customers gain access to a “high-quality Visa® credit card.”

Push-to-Card 50

Push-to-Card Credit Cards FinTech Economy 50

FICO

JANUARY 9, 2019

As advanced analytics permeated nearly every industry in 2018, FICO’s thought leaders continued to push it into new areas. Here were the top 5 posts in the Analytics & Optimization category last year. Advancing the Field of Prescriptive Analytics. Read the full pos. The Financial Industry’s Digital Transformation.

Posting 40

Posting AI Fraud Detection Non-Bank 40

Fintech Finance

NOVEMBER 20, 2024

Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S., billion by 2028 across six leading real-time payment markets (U.S.,

Scams 84

Scams Real Time Payments Fraud Prevention Fraud Detection 84

CB Insights

AUGUST 23, 2018

JPM’s digital push, a theme it refers to as “Mobile First, Digital Everything,” is showing positive early results. JPM continues to improve its existing apps while also focusing on developing new ones (such as Finn) for future customers. JPM boasts an industry leading credit card network. First Name.

Consumer 76

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

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

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. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

Debit Card 62

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

PYMNTS

MAY 3, 2019

These systems, Pai said, are pushing the adoption of electronic payments among the country’s vast base of migrant workers. . Pai believes, however, that even if there are fees, workers will continue to use these services. As such, it’s common practice for these workers to send a portion of their wages home to their families.

Faster Payments 78

Faster Payments EMV Payments Push-to-Card 78

PYMNTS

JUNE 3, 2020

Paper checks may become a thing of the past if healthcare’s trend toward modernization continues,” according to the new report. Paper checks may become a thing of the past if healthcare’s trend toward modernization continues,” according to the new report. For many, it’s very difficult. Real-Time Payments Get Healthy.

Faster Payments 63

Faster Payments Payments Checks Push-to-Card 63

PYMNTS

DECEMBER 19, 2019

No cards are needed. At Garanti BBVA, we continue to implement innovations to make our customers’ lives easier,” said Didem Dinçer Ba? billion as of June 30, 2018. billion as of June 30, 2018. The new feature is on the Garanti BBVA corporate mobile app and is available to business and personal users.

Transactions 52

Transactions IBAN Push-to-Card Facilitators 52

PYMNTS

JULY 8, 2019

The project also could grow to include app or loyalty card identification of shoppers to further the frictionless commerce and payments ideal. Sainsbury’s also is taking part in the cashierless push. The grocery industry is making a go of it. The latest effort comes from the U.K. European Role. the report noted.

Innovation 61

Innovation Push-to-Card Privacy Technology 61

PYMNTS

NOVEMBER 21, 2018

Among the company’s recent pushes in the restaurant space is helping to craft fraud prevention defenses for mobile order-ahead technology that, arguably, has recently emerged as one of the hottest trends in mobile commerce. It’s a relatively simple prospect: Select food. Order food. Happy Thanksgiving , by the way!). Getting Past Hype.

P2P 69

P2P Push-to-Card Account Takeovers Fraud Prevention 69

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion seen in December 2018. That includes Marcus and the Apple Card. If you can’t beat ’em, join ’em — at least when it comes to reporting structure.

Consumer 53

Consumer Push-to-Card Credit Cards Continuity 53

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. I say yes, because … well, what else is there to say? is nothing new.

Rules 72

Rules Push-to-Card Regulations Consumer 72

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. billion seen in December 2018. That includes Marcus and the Apple Card. If you can’t beat ’em, join ’em — at least when it comes to reporting structure.

Consumer 52

Consumer Push-to-Card Credit Cards Continuity 52

PYMNTS

JANUARY 29, 2020

New reports say 1 percent of all Bitcoin transactions involve criminal activity, and while this doesn’t sound like a lot, it’s almost double from 2018. Most customers still visit bank branches, but prefer digital in-branch experiences, pushing FIs to undergo digital transformations to provide the best customer engagement possible.

Bitcoin 52

Bitcoin Transactions Online and Mobile Banking Cross-Border 52

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. It is estimated over £200 billion of UK household debt is in unsecured retail credit.

Push-to-Card 63

Push-to-Card Card Issuer Debit Card Compliance 63

Fintech News

JANUARY 15, 2024

As demonstrated in the POC track II, NETS’ solution capitalises on the Push payment model via SGQR. In Singapore, micro and small merchants (MSMEs) are responding to the ever-increasing consumer demand for cashless options, and are swiftly embracing QR payment solutions.

Interoperability 96

Interoperability Cross-Border Payments Financial Inclusion 96

PYMNTS

APRIL 22, 2020

While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. workforce doesn’t look like it used to. It’s also opened up conversations about how professionals get paid.

Payroll 62

Payroll ACH Same Day ACH Innovation 62

PYMNTS

JUNE 24, 2020

trillion in premiums for 2018, according to one recent report , a notable portion of the wider industry’s approximately $5 trillion in revenue that year. The space recorded a 66 percent increase in net income, hitting $60 billion in 2018, for example, and the first half of 2019 saw individual insurer Lloyd’s report a $2.8

ACH 60

ACH Checks Payments Bank Routing Number 60

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

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

OCTOBER 25, 2018

Snap, the developer of Snapchat, said it had 186 million daily active users in the third quarter of 2018 , which represents a 5 percent year-over-year increase. I think there’s a lot of opportunity to continue improving [the Discover] product,” CEO Evan Spiegel said in the post-earnings conference call with investors.

Product 49

Product Zelle Push-to-Card Venmo 49

PYMNTS

OCTOBER 18, 2019

Card member spending, higher net interest income and card fees combined to produce an 11 percent year-over-year revenue gain for the Global Consumer Services Group of American Express in the third quarter of 2019. percent for the second quarter of 2018 and 1.7 percent for the third quarter of 2018. percent to $10.99

Push-to-Card 40

Push-to-Card Commercial Card Card Issuer Credit Cards 40