PYMNTS

MAY 3, 2018

Mastercard beat estimates on Wednesday (May 2) as the company showed results that reflected higher spending on both credit and debit cards through the first quarter, as well as cross-border volumes that surged by double digits. The company said that worldwide gross dollar volume gained 14 percent to $1.4 The net revenue number of $3.6

Volume 48

Volume Visa Cross-Border Debit Card 48

PYMNTS

JANUARY 20, 2020

There are a few common themes among big bank earnings reports. consumer spending is carrying over to other areas where banks get their bread and butter. That positive consumer mindset has also helped foster positive sentiment among corporate and commercial customers of the bank, said Piepszak. Spending, Done Digitally.

Consumer 53

Consumer Online and Mobile Banking Debit Card Credit Cards 53

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) Zelle Bank Gains. P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

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. million in tokens for DENT, a mobile data ICO; and over $1.1 Theranos Investors Settle. They also stole $13.8

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank of America reported on Wednesday (Jan. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Credit card sales and merchant volumes were up 13 percent.

Online and Mobile Banking 43

Online and Mobile Banking Credit Cards Volume Community Banks 43

PYMNTS

JANUARY 13, 2020

For those watching the payments sphere, the tea leaves are there for the reading, tied to mobile and digital banking adoption, to outstanding balances on cards, and to auto loans and mortgages. 15) will mark releases from Bank of America and Goldman Sachs. Going Mobile. Tuesday (Jan. Looking at Credit.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 20, 2021

In broad strokes, open banking lays out a path and process for banks and other financial institutions (FIs) to share their customers’ data with third parties (even competitors), where that data tie into apps and new products and services. Dan Weaver, open banking expert at Equifax U.K., Open Banking In The States .

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Online and Mobile Banking API 75

PYMNTS

JANUARY 21, 2020

The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . billion USD) in transaction volume last year. . billion USD) in transaction volume last year. .

B2B 52

B2B Online and Mobile Banking IBAN Payments Institute 52

PYMNTS

JANUARY 29, 2020

airlines are cancelling all flights to and from mainland China due to the coronavirus outbreak and Starbucks reported 17 percent mobile order growth in its Q1 2020 earnings report. 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.

Bitcoin 52

Bitcoin Transactions Online and Mobile Banking Cross-Border 52

PYMNTS

AUGUST 14, 2018

Coverage includes WorldRemit ’s partnership with Safaricom for money transfers to mobile money accounts in Kenya. In addition, Bambora is working with Payworks to introduce Bambora Connect, and Hong Kong-based The Bank of East Asia (BEA) has unveiled its i-Payment Hub. billion in 2018 to $22 billion by 2023.

Point-of-Sale (POS) 40

Point-of-Sale (POS) Online and Mobile Banking Cross-Border Central Bank 40

PYMNTS

JANUARY 15, 2019

Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s CEO Tim Sloan on Tuesday (Jan. 15), as the financial institution (FI) disclosed its Q4 2018 earnings. The bank, trying to restore trust among consumers and commercial clients, said full-year 2018 revenue decreased about 2.3

Credit Cards 46

Credit Cards Federal Reserve Caps Debit Card 46

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. billion to US$15 billion during the period. in July 2023.

FinTech 115

FinTech Payment APIs and Integration Online and Mobile Banking Security 115

PYMNTS

JANUARY 15, 2019

will last all year instead of through the first half, the bank’s CEO, Tim Sloan, said Tuesday (Jan. 15) as the financial institutions disclosed its Q4 and 2018 earnings. The bank, trying to restore trust among consumers and commercial clients, said that full year 2018 revenue decreased about 2.3 percent, to $86.4

Credit Cards 43

Credit Cards Federal Reserve Debit Card Online and Mobile Banking 43

PYMNTS

JANUARY 9, 2020

Paying tuition used to be a difficult process, and involved exchanging yuan to South Korean won at a bank and then paying the university, noted the report. Although mobile payments are very common in China, simple cross-border transactions are not. In 2018, it had a daily transaction volume of over one billion.

Cross-Border 52

Cross-Border Online and Mobile Banking Card Issuer Mobile Payments 52

PYMNTS

FEBRUARY 28, 2019

Square ‘s Q4 earnings 2018 results came after market close on Wednesday (Feb. These trends included double-digit gross payment volume (GPV) growth, as measured year on year, double-digit transaction gains and traction in newer technology offerings — such as point-of-sale (POS) financing to help sellers log their own top-line growth.

Debit Card 68

Debit Card Payroll Point-of-Sale (POS) Underserved 68

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

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

PYMNTS

DECEMBER 24, 2018

Moreover, Adobe projects that voice-assisted retail will prove to be a big hit during the 2018 holiday shopping season — and that consumers already devoted to the technology will buy even more gear for themselves and others. #3: 6: With Person-To-Person Mobile Tech. But that’s changing in this era of mobile and digital commerce.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

DECEMBER 9, 2019

Among the findings of the recent 2018 Diary of Consumer Payment Choice , produced through several of the U.S. Federal Reserve Banks, electronic payments are on the rise. The Fed banks said that 14 percent of respondents reported making zero payments. Cards over cash – specifically, debit cards over cash. Cash represented 31.6

Fed 56

Fed Debit Card Consumer Federal Reserve 56

PYMNTS

DECEMBER 11, 2018

And they are incredibly mobile-connected – particularly when it comes to making choices about purchases, according to PYMNTS research. So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., That presents ample opportunity for mobile retail. Digital Banking.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

PYMNTS

MARCH 23, 2018

Bank customers’ needs and demands of financial service providers are growing more sophisticated and complex. For the banks and merchants serving them, the challenge is matching the great strides in connectivity with consistency of experience and security. What is driving this trend? from EMVCo and “PIN on Glass” from the PCI Council.

Innovation 74

Innovation Security Visa Online and Mobile Banking 74

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. From big banks to big tech.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

Fintech News

MARCH 18, 2024

The report, released in September 2023, looks at the Thai fintech sector, highlighting the rise of digital payments and the explosive growth of real-time transactions, as well as presenting the opportunities that exist in digital remittances, open banking, business-to-business (B2B) payments and agricultural lending.

FinTech 101

FinTech Online and Mobile Banking Blockchain Product 101

CB Insights

JUNE 7, 2021

Marqeta allows businesses to offer payment card products to customers without having to deal directly with a traditional bank. It handles the back-end payment technology while working with banks that process the payment transactions. . in transaction volume. . G lobal online sales are expected to reach $4.8T

Issuers 73

Issuers Card Issuer Payment APIs and Integration Innovation 73

Fintech Labs Insights

AUGUST 22, 2024

QuickFi : Reported a 45% increase in loan volume. Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. Mahalo Banking: Raised $21M for its banking software; successfully launched new features, experiencing strong growth in client base.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

PYMNTS

JUNE 22, 2018

Matching buyers and sellers is nothing new, of course, and mobile is proving to be a new conduit. downloads stood at 37 million at the end of the first quarter, and gross merchandise volume reached 6 billion yen. Holding bank stocks pays dividends : Shareholders in 22 of the U.S.’s top Venmo and grow 73 percent in 2018.

P2P 40

P2P Zelle Phishing Venmo 40

PYMNTS

JANUARY 26, 2018

Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. If the same abandonment rates are applied to increased eCommerce volume, merchants could miss out on a significant amount of lost revenue. Not a New Concept. Time Is Right.

Authentication 66

Authentication Visa Regulations Online and Mobile Banking 66

PYMNTS

OCTOBER 31, 2019

Credit unions (CUs) have followed banks’ digital banking lead, churning out platforms, services and mobile apps for consumers to use speedy, convenient online services. Half of U.S. AI And Its Growing Necessity In Finance.

AI 40

AI Credit Union Innovation Online and Mobile Banking 40

PYMNTS

OCTOBER 25, 2019

What Apple Pay At Five Says About The Future Of Mobile POS Payments. Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters. Visa: Tap-To-Pay Gains Steam, As B2B Volume Hits $1T, Annualized. Trending: Mobile Order-Ahead Takes The Field (Kount Mobile Order Ahead Tracker).

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency Innovation Online and Mobile Banking Void 40

PYMNTS

AUGUST 24, 2020

Online classes are also gaining the attention of workers who have been laid off during the economic downturn and want to refresh their skills or build new ones and attracting employees who may be seeking to polish their know-how while working from home. . Mobile money service M-Pesa is used by 24.5 Tackling The Currency Challenge .

International Payments 60

International Payments Cross-Border Online and Mobile Banking Cross-Border Payments 60

PYMNTS

MAY 13, 2019

Payment values went up 54 percent year over year, and payment volume increased 72 percent. The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app. According to eMarketer , nearly 80 million U.S. P2P Partnerships.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

OCTOBER 29, 2018

Facebook reported on their website that their teams have made progress: They removed 837 million pieces of spam in Q1 2018 before anyone reported it, disabled 583 million fake accounts “within minutes” of going online and removed 24 million inappropriate pictures related to violence and nudity. million such pieces.

Online and Mobile Banking 78

Online and Mobile Banking Payments PayPal Payment APIs and Integration 78

PYMNTS

JULY 9, 2018

But what would happen if faster disbursements were combined with a (peer-to-peer) P2P service that is striving for more bank partners and customers? Today, Zelle has a direct connection to 143 banks, using the consumer’s mobile phone number as an alias to route funds to the appropriate bank account. Future Growth.

Zelle 43

Zelle P2P Debit Card Online and Mobile Banking 43

FICO

AUGUST 28, 2020

24 percent have had to abandon online purchases because they forgot their password. Indeed, regulation such as Payment Services Directive 2 (PSD2) enshrines the need for multi-factor authentication for payment providers such as banks and credit card issuers. 68 percent will provide their bank with a fingerprint.

Authentication 52

Authentication Online and Mobile Banking Breach Data Breach 52

PYMNTS

JULY 23, 2018

Target reported that its one-day sale on July 17 was its biggest online shopping day of the year, in terms of both traffic and sales. Prime Day has turned into a huge opportunity for all online retailers.” People love to comparison-shop, with many turning to Amazon’s competitors to compare deals and prices. Install Bing?

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

SEPTEMBER 27, 2019

In the summer of 2017, the company said it would look to gain traction with what it called the Consumer Direct Offense, which in part looked to boost sales done through mobile devices. The firm said transaction processing is up 216 percent year over year and total payment volume is up 258 percent.

Online and Mobile Banking 46

Online and Mobile Banking International Payments AI Consumer 46