PYMNTS

AUGUST 6, 2020

trillion in 2018. are made with cash , for example, and 63 percent of consumers have at least two credit cards. These changes are likely here to stay, with 31 percent of bank customers saying they will continue to use digital payment methods even after the pandemic has passed. billion noncash payments totaling $97.04

Regulations 98

Regulations B2B Instant Payments Payments 98

CB Insights

DECEMBER 4, 2019

Continue to reduce any buying/selling friction. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. But it’s clear that the company remains very focused on building financial services products that support its core strategic goal: increasing participation in the Amazon ecosystem. Amazon Payments.

Online and Mobile Banking 101

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

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

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.”. Holiday (and Post-Holiday) Shopping: Throughout the month of December helped push retail sales up more than 5.8 branded cards business grew by 10 percent. percent year on year.

Push-to-Card 53

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

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 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

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

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

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 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

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 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

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

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

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

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

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

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

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

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

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

JANUARY 17, 2020

This month’s Deep Dive examines the critical and delicate balancing act companies face to gain new subscribers while pushing back against account and subscription payment fraud. The Budget-Busting Impact of Continuity Subscription Scams. The Budget-Busting Impact of Continuity Subscription Scams. trillion a year.

Scams 52

Scams Security Push-to-Card Federal Trade Commission 52

PYMNTS

APRIL 12, 2019

In the June 2018 Disbursement Satisfaction Index , PYMNTS asked 2,300 consumers to rank their satisfaction with their disbursement solutions on a 100-point scale. Consumers can receive disbursements in many ways — via direct deposit, debit card, prepaid card and P2P services — but many are not given options.

Zelle 43

Zelle P2P Venmo Direct Deposit 43

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

JULY 16, 2019

billion in the quarter that closed out 2018. billion from the first quarter with increased activity in real estate, credit card and automobile lending all pushing growth. We expect NIM to continue declining through 2019 due to guidance from higher deposit costs pressure on loan yields from lower rates.”. billion, up $1.6

Push-to-Card 40

Push-to-Card Wires Wire Credit Cards 40

The Fintech Times

MARCH 5, 2024

Tell us more about your company and its purpose Rajat Dayal, CEO, Yabx Yabx was founded in 2018 with a mission to solve for the vast credit gap in emerging markets. Tell us more about your company and its purpose Rajat Dayal, CEO, Yabx Yabx was founded in 2018 with a mission to solve for the vast credit gap in emerging markets.

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

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

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

PYMNTS

APRIL 4, 2019

But, NACS noted in its release, there is plenty of solid ground from operators to build on as they consider expanding and evolving into the digital age — as consumer enthusiasm seems to be continually growing. billion in 2018. billion in 2018. That big bump was pushed by a 13.2 According to the report, total U.S.

Push-to-Card 41

Push-to-Card Payroll Continuity Research 41

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

AUGUST 30, 2018

All of which are true, Byrne said, so long as one has pounds in their pocket – because many of the merchants in markets don’t take cards, and will politely direct customers to the nearest ATM when they try to pay with one. A problem that, as of 2018, is going to end with a lost sale for that small merchant.

Push-to-Card 42

Push-to-Card ATM Small Business Online and Mobile Banking 42

PYMNTS

JUNE 8, 2020

Even customers still shopping in stores are desiring digital payment methods such as contactless cards that allow them to pay without using cash or checks that may carry traces of the virus. merchants had additional time to become fully compliant with the rule and pushed the deadline back to Sept. 14, 2019, deadline.

Finance 60

Finance Contactless Payments Regulations Authentication 60

PYMNTS

OCTOBER 31, 2018

The eCommerce operator, which released its third quarter 2018 results , said it has intermediated $38 million of gross merchandise value (GMV) so far. billion for the second quarter of 2018. Earlier this year, the eCommerce operator announced its managed payments push, which was implemented on Sept. percent of GMV.

PayPal 53

PayPal Payments Credit Cards Push-to-Card 53

PYMNTS

OCTOBER 5, 2018

The upcoming Netball 2018 Sunshine Series featuring Jamaica vs. England. Card Decline Rates. “At At launch, New Jersey’s legal online casino sites struggled with credit card decline rates exceeding 75 percent,” the report said. It’s a good time to be a sports gambler. Baseball playoffs. The stakes are significant.

PayPal 59

PayPal Online and Mobile Banking Legal Push-to-Card 59

PYMNTS

JANUARY 22, 2019

As perks for consumers go, cash-back offerings remain the leader of the pack when consumers are choosing credit cards. 13 percent of adults have an airline or hotel credit card, and 12 percent have a general travel rewards credit card, according to surveys by CreditCards.com and YouGov Plc. In the U.S.,

Credit Cards 60

Credit Cards Push-to-Card Cryptocurrency Non-Bank 60

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