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

PYMNTS

APRIL 30, 2019

In today’s global economy, payment needs are fast-evolving with merchants gravitating toward payment providers who offer broader multifaceted services in one place. The agreement means both companies will work to improve “payment processing and enable push and pull transaction capabilities.”

Push-to-Card 71

Push-to-Card Payments Processors Settlement 71

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. Growing the internet economy. Supporting merchant partner growth.

Payment APIs and Integration 98

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

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

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. Then, just when everyone was really making money again, along comes COVID-19, wiping out the economy yet again, and within recent living memory no less. My Money, My Way.

Credit Cards 54

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

CB Insights

DECEMBER 4, 2019

While the anticipation for Amazon’s plunge into banking gets louder each year, it’s important to first understand Amazon’s existing strategy in financial services — what Amazon has launched and built, where the company is investing, and what recent products tell us about Amazon’s future ambitions. Amazon Payments.

Online and Mobile Banking 101

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

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

NOVEMBER 18, 2020

The pandemic has pushed them to digitize the majority of their offline lives into digital channels over the last eight months. While its imminent death has been long forecast, cash just keeps on living to pay another day. Cash may not be king in the U.S. market anymore, but reports of its demise have often proved to be a bit premature.

ATM 121

ATM Federal Reserve Push-to-Card Consumer 121

PYMNTS

OCTOBER 30, 2020

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

Automation 91

Automation Process Disputes AML 91

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 28, 2020

Gourab Basu , vice president of global network processing at Visa, tells PYMNTS how deep learning keeps card (and card not present) transactions flowing. It’s the end of another week and the end of a busy month. The PYMNTS Weekender is here to catch you up on the latest payments and commerce news. Trackers and Reports.

Online and Mobile Banking 83

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

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

JANUARY 17, 2019

The evolution of payroll is all about pushing back against the notion of one-size-fits-all. receiving paper checks and even fewer using payroll cards. The rise of the gig economy is one example of not only how employee payroll demands are changing, but how a one-size-fits-all approach will fall flat. ” In the U.S.,

Payroll 69

Payroll Payment APIs and Integration On-Demand Identity Theft 69

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

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

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. Last year I predicted that artificial intelligence (AI) would grow up , with major infrastructure developing around Responsible AI , AI advocacy and AI governance.

AI 98

AI Fraud Detection Payment APIs and Integration On-Demand 98

PYMNTS

JUNE 9, 2018

China Leads The 2018 Advertising Push. That amounts to roughly 1 percent of China’s total advertising budget for 2018. Even among American brands making a major advertising push at the World Cup this year, the thrust of that advertising is very different, reports Digiday. Even in a “good year” for the U.S.

Push-to-Card 43

Push-to-Card Participant On-Demand Consumer 43

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Stripe has announced that Stripe Terminal , a set of SDKs, APIs, and pre-certified card readers that lets users accept in-person payments, is now available all over the United States.

Payment APIs and Integration 40

Payment APIs and Integration Push-to-Card B2B Cross-Border 40

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Stripe has announced that Stripe Terminal , a set of SDKs, APIs, and pre-certified card readers that lets users accept in-person payments, is now available all over the United States.

Payment APIs and Integration 40

Payment APIs and Integration Push-to-Card B2B Cross-Border 40

PYMNTS

OCTOBER 8, 2018

Starting with Facebook’s big announcement of its chatbot push at F8 in 2016, all of those forecasts for everything chatbots were going to do starting rolling in. Now, it is the fall of 2018 – and these days, no one says all that much about chatbots one way or another. It could work, she noted. But given the massive changes U.S.

Bots 67

Bots Push-to-Card Economy Blocks 67

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

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

MAY 3, 2019

Migrants make up a substantial portion of the economy in India. These systems, Pai said, are pushing the adoption of electronic payments among the country’s vast base of migrant workers. . By some recent accounts , more than 100 million migrants are participating in the nation’s workforce — one-fifth of the nation’s workforce.

Faster Payments 78

Faster Payments EMV Payments Push-to-Card 78

PYMNTS

NOVEMBER 9, 2018

While living paycheck to paycheck is often associated with low-salary or part-time workers, the data tells a different story. As it turns out, the white-knuckled wait for payday is something that affects consumers up and down the economic ladder, something a glance at the PYMNTS Financial Invisibles Report quickly confirms.

Instant Payments 71

Instant Payments Push-to-Card Payroll Consumer 71

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. We believe access to credit is extremely important to grow the small and medium businesses which are the backbone of emerging economies.

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

The Fintech Times

SEPTEMBER 14, 2024

These economies have since developed into fully advanced nations. This became the key factor in driving industrial growth in next-generation smart machinery, Asian Silicon Valley, biotech and pharmaceuticals, green energy, national defence, new agriculture and circular economy.

Innovation 107

Innovation FinTech Payment APIs and Integration Non-Bank 107

PYMNTS

JULY 23, 2019

Uber has already set many of the high standards for payments that are basically becoming table stakes — that is, the expectation among consumers that transactions can happen seamlessly without payment cards being pulled out (to say nothing of the lack of cash). Now the ride-sharing pioneer is moving into subscription eCommerce.

Push-to-Card 53

Push-to-Card Consumer Economy Product 53

PYMNTS

NOVEMBER 21, 2018

Experts are predicting big things for the 2018 holiday shopping rush. eMarketer predicts that 2018 will be the first year in U.S. Meanwhile, she said, because consumers are more likely to expect larger-than-average credit card bills during the season, they are much less likely to spot fraudulent charges than they otherwise might be.

Credential 53

Credential Push-to-Card Cybersecurity Consumer 53

PYMNTS

DECEMBER 13, 2017

But others are pushing forward, particularly with respect to funds availability. Give it an “A” said Herd, as 66 percent of FIs are already making Same Day ACH funds available, well ahead of the March 2018 deadline. -based financial institutions (FIs) offer same-day credits. Businesses love (same-day) ACH debit, Herd said.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

PYMNTS

MAY 30, 2018

According to Visa, the move will help support growing opportunities for tokenized payments, increasing access to Visa application programming interfaces (APIs) and expanding the usage of push payments via Visa Direct. Positive signs are coming from homegrown players in the Latin American economy. Revenue hit about $250.5 million in Q1.

Push-to-Card 43

Push-to-Card Regulations Innovation FinTech 43

PYMNTS

AUGUST 15, 2019

And insofar as they shopped online, cards (credit and debit) were preferred by nearly three-quarters of respondents. In the intervening several years, several forces, most notably the Japanese government, have actively pushed to get the nation off its cash addiction — and into digital payments. percent).

Mobile Payments 61

Mobile Payments Online and Mobile Banking Payments Push-to-Card 61

PYMNTS

DECEMBER 31, 2019

At the time, in November 2018, it became clear that the state of that race had changed. percent as of 2019 — PYMNTS’ 2019 numbers are historic, trailing 12-month numbers based on data from Q4 2018 through Q3 2019. Walmart was leading that race then, according to PYMNTS analysis, since it accounted for 8.9 percent of all U.S.

Push-to-Card 54

Push-to-Card Consumer Federal Trade Commission Rules 54

PYMNTS

SEPTEMBER 14, 2018

economy, not counting insurance losses, according to weather-analytics company Planalytics. economy, not counting insurance losses, according to weather-analytics company Planalytics. And according to experts, the impacts from the storm will likely be felt throughout the end of 2018 and perhaps into 2019.

Push-to-Card 54

Push-to-Card Consumer Checks Mitigation 54

PYMNTS

FEBRUARY 21, 2019

The challenger bank trend has recently been pushing beyond the EU and is now entering the Latin American market. While these FIs are offering users different banking approaches and bringing new participants into the digital economy, they must still take the time to confirm that their customers are who they claim to be.

Financial Inclusion 46

Financial Inclusion Financial Literacy Push-to-Card Credit Cards 46

PYMNTS

JULY 23, 2018

May 2018’s household income numbers were up nearly 2 percent from last year, they say, due largely to increases in base compensation resulting from a tightening labor market. And that’s not a “Geez, I forgot to pay the credit card bill since I was away for a week” late paying the bills situation. Source: Financial Invisibles Report.

Finance 49

Finance Credit Cards Push-to-Card Economy 49

PYMNTS

JANUARY 24, 2020

The same sources also indicate that Amazon is already working with payments industry partners to make its industry-wide push viable. card issuers to get the project off the ground. card issuers to get the project off the ground. trillion market value), Apple ($1.38 Big Play of the Week: Wave to Pay Coming Soon (Maybe).

Push-to-Card 52

Push-to-Card Card Issuer On-Demand Issuers 52

PYMNTS

OCTOBER 24, 2018

It is intended to be more inclusive, according to reports, and to make it easier for consumers to qualify for mainstream financial products like credit cards or mortgages by taking into account their past history of cash transactions. Unemployment is at record lows and wages are gradually pushing up.

Underwriting 43

Underwriting Push-to-Card Credit Union Consumer 43