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

PYMNTS

JANUARY 4, 2018

Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. More than 40 percent of respondents — as of September 2017 — noted that they liked their cards just fine. It hasn’t been easy. The most-used mobile wallet in the U.S.

Push-to-Card 43

Push-to-Card Online and Mobile Banking Mobile Payments Wire Transfer 43

PYMNTS

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

Push-to-Card 49

Push-to-Card Privacy Contactless Payments Consumer 49

PYMNTS

JULY 16, 2018

He says the uptick is caused, in part, by the sales lasting 36 hours this year and because of the discounts Amazon is pushing, particularly on its own in-house line of electronic products. “When you think about Alexa, smart speakers and smart home products, it’s really becoming more and more [essential] to the consumer.

Push-to-Card 40

Push-to-Card Research Product Volume 40

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. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation.

Payment APIs and Integration 98

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

The Fintech Times

SEPTEMBER 14, 2024

Taiwan’s gross domestic product (GDP) per capita is over $35,000. Taiwan, along with South Korea, Hong Kong SAR, and Singapore, forms the group known as the ‘Four Asian Tigers,’ renowned for their rapid industrialisation since the 1960s. These economies have since developed into fully advanced nations.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

DECEMBER 26, 2018

Most simply, contextual commerce means meeting consumers where they are online — they don’t have to be shopping — to enable product discovery and transactions that might spring from, say, people sharing knitting or interior decorating tips, or music fans talking about a particular band. No, think of them as miniature seminars.

Cross-Border 62

Cross-Border Real Time Payments RTP Online and Mobile Banking 62

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

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. How the products work.

Debit Card 71

Debit Card Checks Accounts FinTech 71

PYMNTS

NOVEMBER 6, 2018

American Express has struck a new partnership in its latest B2B payments push, announcing a collaboration with commercial payments firm WEX to support corporate use of virtual cards in accounts payable. In an announcement on Monday (Nov.

Push-to-Card 71

Push-to-Card B2B Reconciliation NOV 71

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.

Online and Mobile Banking 70

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

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

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

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

AUGUST 4, 2020

With Burberry launching a social experience at its brick-and-mortar Shenzhen store and social platforms like Facebook pushing their commerce capabilities, new startups are popping up and established brands are catching up to capture this newest area of the digital shift. “We’re obsessed with building products that connect us.

Push-to-Card 83

Push-to-Card Credit Cards Visa Facilitators 83

PYMNTS

APRIL 30, 2019

The agreement means both companies will work to improve “payment processing and enable push and pull transaction capabilities.” Cross River was founded in 2008, and in December of 2018, it secured $100 million in a funding round led by KKR.

Push-to-Card 71

Push-to-Card Payments Processors Settlement 71

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

JANUARY 8, 2019

Unbanked and underbanked consumers, Britt noted, have products like Green Dot tailored to their needs – offerings that were “really not a full-featured bank account,” but that provided requisite digital access for those who couldn’t get a regular bank account for whatever reason. The brand has been popular with young professionals.

Debit Card 64

Debit Card Push-to-Card Funds Availability Payroll 64

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

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

NOVEMBER 5, 2018

As of 2018, somewhere between half and two-thirds of all B2B payments are still made by check. It becomes harder for the buyer to know how the supplier likes to be paid — cards or ACH, for example — or how to route that transaction once they do know. Visa and Billtrust today (Nov. Checks, he noted, are easy to send and receive.

B2B 78

B2B Checks Payments Push-to-Card 78

CB Insights

AUGUST 23, 2018

Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. This trend towards digitization is already starting to play out as fintechs circumvent banking licenses by partnering with issuing banks to offer checking account-like products. JPM boasts an industry leading credit card network.

Consumer 76

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

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. followed a steady increase in the usage of digital banking products both inside and outside Europe.

Online and Mobile Banking 66

Online and Mobile Banking Regulations Laws Push-to-Card 66

PYMNTS

JUNE 6, 2019

For some time now, retailers have been using it and radio frequency identification (RIFD) behind the scenes for stock and quality control, as well as to provide product information to customers with smartphones. don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. However, the U.S.

Contactless Payments 56

Contactless Payments Chip Cards EMV Card Issuer 56

PYMNTS

DECEMBER 10, 2018

Headlines are filled with news of a “revolutionary” product that will change the fortunes of merchants and unlock countless benefits for consumers when using it. And what was the product? It’s the decoupled debit card. Merchants paid less when they accepted those cards. 2018: Same Song, Different Verse.

ACH 73

ACH Credential Push-to-Card Breach 73

PYMNTS

SEPTEMBER 19, 2018

Business cards and document pouch? Jolly, head of financing and channels in global transaction services at Bank of America Merrill Lynch , about the financial institution’s latest product launch: adding mobile wallet functionality to its suite of commercial card products. “We Polished shoes and nice jacket?

B2B 56

B2B Push-to-Card Commercial Card Point-of-Sale (POS) 56

PYMNTS

FEBRUARY 19, 2019

One month after Canada legalized marijuana for everyone in the country, Canadians spent C$54 million ($41 million) on the product, according to a recent report in Bloomberg. The idea is to take profits away from organized criminals and to regulate the production, distribution and consumption that is already available illegally.

Legal 71

Legal Payments Push-to-Card Law Enforcement 71

PYMNTS

FEBRUARY 5, 2019

Critics say that short-term, small-dollar loans push consumers into the hamster wheel of a never-ending debt cycle – one that turns a two-day bridge to cover a shortfall into a six-month mosh pit of fees that can become hard to dig out from under. “I You know the story. In other words, a payday loan from the source of the paycheck.

Financial Literacy 71

Financial Literacy Push-to-Card Credit Cards Product 71

PYMNTS

SEPTEMBER 4, 2018

What does the future hold for the plastic payment card? Or will cards with cutting-edge technology win more loyalty from shoppers? The payment card has “a long life ahead of it,” he told Karen Webster. Even if you consider technologies like mobile, you can see that the consumer is still paying with payment cards.”.

Chip Cards 44

Chip Cards CHIPS Push-to-Card Payments 44

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 10, 2018

Consumers looking for a specific product they can’t find in-store can now ask an associate to help them find the item online via an in-store device. In the press release announcing the new feature, Walmart noted that customers can pay via cash, check, credit card or Walmart Pay. Walmart Makes It Easy to Shop Online While in Store.

Push-to-Card 53

Push-to-Card Credit Cards Visa Checks 53

PYMNTS

DECEMBER 24, 2019

So, what kinds of products will people be getting this year? However, after almost 50 years, it began to fade in the 1980s, disrupted by the emergence of store-branded credit cards. Companies such as Afterpay are hoping to change that — and to appeal to younger consumers worried about taking on too much credit card debt.

Credit Cards 55

Credit Cards Push-to-Card Consumer Returns 55

PYMNTS

APRIL 5, 2019

Last November, the company launched its first product, the Finney handset. The Samsung cryptocurrency push also comes amid declining profits for the company. Better late than never? That could be the emerging story when it comes to smartphones and cryptocurrencies, given Samsung’s recent entry in this area of digital payments.

Cryptocurrency 55

Cryptocurrency Bitcoin Push-to-Card Blockchain 55

PYMNTS

JULY 8, 2019

The Tesco plan, according to the newspaper, makes use of “150 ceiling-mounted cameras to generate a three-dimensional view of products as they are taken off shelves. It also identified a group of products when a person holding them stood in front of a screen, tallying up their total price.” The grocery industry is making a go of it.

Innovation 61

Innovation Push-to-Card Privacy Technology 61

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. Head of Product for Messaging Stan Chudnovsky noted that bots were more a building block than a complete offering. It could work, she noted.

Bots 67

Bots Push-to-Card Economy Blocks 67

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