PYMNTS

JANUARY 4, 2018

Consumers can also use that app to initiate wire transfers through MoneyGram, check gift card balances, apply coupons and have all receipts sent automatically to its Savings Catcher function. It will be interesting to see how that spreads in 2018. Early traction from Walmart seems a clear indication of this.

Push-to-Card 43

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

PYMNTS

JULY 2, 2020

Those applications could accept credit cards, wire transfers and ACH, according to the company. As Karen Webster noted way back in 2018: “Money has been digital and moving around the world that way long before most people started talking bitcoin, crypto and distributed ledger tech.”.

Blockchain 90

Blockchain Stablecoins Wire Transfer Financial Inclusion 90

The Fintech Times

APRIL 30, 2024

” Founded in 2018, QI Tech is a financial infrastructure platform spanning financial, credit, banking, and anti-fraud solutions, with a focus on decentralising these services from major banks. We look forward to continued partnership with its driven and execution-focused management team.”

Wire Transfer 64

Wire Transfer Wire Wires Underwriting 64

PYMNTS

JANUARY 15, 2019

In a press release , TD Ameritrade said it was the first in the industry to do this, noting that to fund brokerage accounts, investors typically have to wait for several days while the funds are verified or sent via a wire transfer. With the new service, an investor’s account can be funded instantaneous through Apply Pay.

Accounts 57

Accounts Wire Transfer Wire Wires 57

PYMNTS

APRIL 10, 2019

The amount of money stolen in 2018 averaged between $250,000 and $2 million, which is down from amounts in the tens of millions, according to a report by interbank messaging service SWIFT. SWIFT has also provided banks with technology to notice abnormalities in wire transfers.

SWIFT 73

SWIFT Wire Transfer Federal Reserve Fraud Detection 73

PYMNTS

JULY 25, 2018

The 2018 report, sponsored by JPMorgan , finds fraudsters are spinning their BEC webs even broader, targeting new channels of business transactions. While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer.

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

JANUARY 13, 2020

In a 2018 funding round, Plaid had a valuation of about $2.65 Visa has the possibility to tap into trillions in wire transfers around the world, and it would also help the card company to assist firms with receiving and sending money through bank accounts themselves. Zach Perret, co-founder and CEO of Plaid, said in November.

Wire Transfer 57

Wire Transfer Cross-Border Acquirers Payment APIs and Integration 57

PYMNTS

MARCH 8, 2019

In fact, in 2018, they did so more than seven times a week via mobile banking apps. In Australia, for instance, mobile banking app users in 2018 checked their apps nearly 10 times per week, fueled by an embedded culture of peer-to-peer transfers within banking apps, the report said. “By In other U.K.

FinTech 52

FinTech Wire Transfer Wire Wires 52

PYMNTS

MAY 29, 2020

And in 2018, just after bitcoin’s price seemingly peaked at the end of 2017 at just under $20,000, the famed investment firm said bitcoin could indeed be used as a form of currency. customers, and reportedly will process wire transfers, deposits and withdrawals from the Automated Clearing House (ACH) network.

Bitcoin 74

Bitcoin Wire Transfer ACH Network Money Laundering 74

PYMNTS

SEPTEMBER 30, 2019

The operation also reportedly led to the recovery of about $118 million in fraudulent wire transfers linked to BEC scams. 80 percent of businesses have received at least one kind of BEC scam email last year , the BBB said in its latest report, noting that average BEC losses involving fraudulent wire transfers top $35,000.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

PYMNTS

JANUARY 18, 2019

“Unlike traditional [business email compromise (BEC)] attacks, which are starting to raise red flags with financial institutions, payroll diversion attacks eliminate the interaction with banks because it is a direct deposit instead of a wire transfer,” said Crane Hassold, senior director of threat research at the firm.

Business Email Compromise 69

Business Email Compromise Scams Audit Payroll 69

PYMNTS

SEPTEMBER 14, 2018

Customers will also get a reduction in some undesirable fees, including wire transfer fees and foreign exchange fees at ATMs outside of the country. Later in 2018, Chase will offer Ultimate Rewards points as a sign-up incentive to new Sapphire Banking account holders.

Wire Transfer 49

Wire Transfer Credit Cards Checks Wire 49

PYMNTS

APRIL 26, 2019

As detailed in events that transpired in 2018, “The situation looks bad. That executive said, too, said in the August 2018 missive that bitcoin could “tank” below $1,000. That executive said, too, said in the August 2018 missive that bitcoin could “tank” below $1,000.

Stablecoins 53

Stablecoins Bitcoin Wire Transfer Cryptocurrency 53

PYMNTS

MAY 3, 2019

In other news, the New York Police Department (NYPD) has issued a warning about phone scammers pretending to be Social Security Administration officials and requesting payment in bitcoin, prepaid gift cards, and bank wire transfers.

Cross-Border 51

Cross-Border Bitcoin Blockchain Wire Transfer 51

PYMNTS

DECEMBER 12, 2017

Paper checks for domestic suppliers, wire transfers for international ones. That’s the status quo in corporate payments, and it’s not only creating friction for the business payer; it’s creating headaches for small business (SMB) accounting too.

Accounts 44

Accounts Wire Transfer Wire Wires 44

PYMNTS

SEPTEMBER 11, 2019

billion in 2018. The numbers come from the FBI’s annual Internet Crime Report , which detailed that the use of social engineering, emails and other methods to get victims to wire money to fraudsters was a lucrative business. This is not the first time the FBI has sounded a warning about business email compromise.

Scams 65

Scams Email Compromise Compromise Wire 65

PYMNTS

APRIL 8, 2019

The rules come in the wake of Carillion ’s collapse in 2018, where the public sector contractor had owed as much as £2 billion to contractors when it went under. Xero found in its ongoing survey of small businesses that, on average, 46 percent of small businesses were cash-flow negative in 2018.

Wire Transfer 49

Wire Transfer Small Business Government Governance 49

PYMNTS

APRIL 22, 2020

“Phase 3 [of NACHA’s Same Day ACH implementation plan] wrapped up in March 2018,” said Ross. I incorporated the business the next month, in April 2018.”. That’s when I thought this was going to be an enabler of allowing payroll to transition to something new, where employees get paid on a much more accelerated basis.

Payroll 62

Payroll ACH Same Day ACH Innovation 62

PYMNTS

OCTOBER 19, 2020

Peer-to-peer (P2P) payment apps have gained ubiquity over the past decade, supplanting or replacing cash transactions, personal checks or wire transfers for payments between individuals or sometimes even small businesses. Venmo users alone lost more than $40 million in 2018.

Zelle 68

Zelle Scams AI CashApp 68

PYMNTS

AUGUST 22, 2018

Customers will also get a reduction in some undesirable fees, including wire transfer fees and foreign exchange fees at ATMs outside of the country. Later in 2018, Chase will offer Ultimate Rewards points as a sign-up incentive to new Sapphire Banking account holders.

Checks 40

Checks Accounts Wire Transfer Credit Cards 40

PYMNTS

MARCH 18, 2019

It’s been reported that TCH had 36 banks on board RTP at the end of 2018, and expects that number to reach 1,000 by the end of Q1 2019 – about two weeks from today. NACHA reported that in Q4 2018, SDA volume hit 51.3 Or that wire transfer revenues could be cannibalized as end users are incented to shift payments to RTP.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JUNE 21, 2016

But by the end of 2018, Sage stated, only 10 percent of B2B payments will in fact be made by check. The stage is being set for at least some movement toward electronic payments as 81 percent of B2B firms get payments from their customers through some form of ACH, wire transfers or purchasing cards.

B2B 50

B2B Wire Transfer NACHA Checks 50

PYMNTS

AUGUST 24, 2020

The global digital education sector was already burgeoning pre-pandemic, with 2019 projections estimating that it would experience a 14 percent CAGR from 2018 to 2022. percent of respondents in a 2018 cross-industry gig worker survey stated that they would abandon platforms if they experienced payout issues.

International Payments 60

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

PYMNTS

JANUARY 9, 2019

The Federal Bureau of Investigation (FBI) has now pegged total losses to BEC scams at $12 billion across 150 countries, marking a 136 percent rise in BEC cases between December 2016 and May 2018. “Wire transfer fraud is of particular concern for corporate treasury,” the company wrote. The tactic is relatively simple.

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56

PYMNTS

MAY 7, 2018

They are, of course, far from the only player with this goal — but 2018 has been the year they’ve clearly decided to aggressive pursue it. Payment originators can maintain one standard connection through xVia, reducing the high failure rates that plague wire transfers. The Google account. Ripple Ups Its Pair-Ups In The U.K.

Push-to-Card 53

Push-to-Card Online and Mobile Banking Wire Transfer Credit Cards 53

CB Insights

JULY 25, 2019

Kindur raised $9M in its Series A at the end of 2018 from investors including Anthemis Group, Point72 Ventures, and Clocktower, and raised an additional $1M from Inspired Capital Partners earlier this year. US Bank, for example, began offering its customers a bank-by-voice feature available through Alexa, Siri, and Google Assistant in 2018.

FinTech 73

FinTech Online and Mobile Banking Elder Abuse On-Demand 73

PYMNTS

AUGUST 20, 2018

The izo payment process is automated via the platform’s work with AP software company Tipalti , and artists receive payments via ACH and wire transfer, he said. 21, 2018 at 1:00pm (EDT), please complete the registration form below: [contact-form-7]. To register for this live PYMNTS discussion taking place on Wednesday, Aug.

Automation 40

Automation Wire Transfer Wire Wires 40

PYMNTS

AUGUST 17, 2018

Artists receive payments via ACH and wire transfer, he said. To register for this live PYMNTS discussion taking place Wednesday, June 27, 2018 at 1:00pm (EDT), please complete the registration form below: [contact-form-7]. The izo payment process is automated via the platform’s work with accounts payable automation Tipalti.

Wire Transfer 40

Wire Transfer Payments Wire Wires 40

PYMNTS

JANUARY 16, 2020

Meanwhile, the Better Business Bureau said 80 percent of businesses received at least one kind of BEC scam email in 2018. Unfortunately, Sadler noted, it often doesn’t matter whether a fraudster is requesting a wire transfer or wire card payment. “It It really comes down to where you’re directing that payment,” he said.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

PYMNTS

JULY 22, 2019

Interlogic “fraudulently initiated wire transfers” at a time when CEO Najeeb Khan knew there weren’t sufficient funds to cover the transfers. Investigators at Microsoft approached him in May of 2018, and he was fired a month later. The firm has been named in a suit filed by the bank on allegations that.

Breach 40

Breach Security Law Enforcement Crime 40

PYMNTS

OCTOBER 7, 2017

So, obviously, our readers are now sold on this idea and are already wondering how to get a sub in time for the 2018 holidays. Wire transfer? How does one make that type of purchase, especially given its highly unusual nature? A cashier’s check? Bags of unmarked bills?

Wire Transfer 43

Wire Transfer Wires Wire Consumer 43

CB Insights

FEBRUARY 21, 2019

Making transaction processes more efficient : Most real estate transactions are still conducted through wire transfers and require costly verification processes that can take days to complete. ChromaWay announced that it had completed a full transaction on the platform in June 2018. A demo of ChromaWay’s application.

Blockchain 78

Blockchain Due Diligence Legal Transactions 78

Nanonets

AUGUST 17, 2023

  According to a  2018 Goldman Sachs report , North American B2B businesses spend around $187 billion annually on AP processing, with labor alone accounting for over 90% of direct costs. Furthermore, Nanonets supports both domestic and global payment methods, encompassing ACH, wire transfers, credit cards, wallets, and neobanks.

Automation 52

Automation Accounts Payment APIs and Integration Procedures 52

PYMNTS

JUNE 18, 2020

And for money transfer, he added, “it’s a very strategic market.” ” France ranked eighth in the world in remittance outflow in 2018, with workers there sending $15 billion to recipients in their home countries, according to the World Bank. Among European countries, only Germany reported a higher outflow.

Wire 84

Wire Wires Origination Volume 84

PYMNTS

APRIL 8, 2019

A hundred forty-five years after money was first moved by wire transfer using the telegraph, money still travels relatively slowly – a surprise given all of the innovation that surrounds it. Treasury banks participating in the pilot can enable their business clients to download the Card Payouts app from the NetSuite SuiteApp store. “A

Contactless Payments 40

Contactless Payments Push-to-Card Debit Card Payments 40

Clearly Payments

JANUARY 8, 2025

Global Adoption Rate: As of 2025, around 8-10% of the global adult population owns some form of cryptocurrency, up from an estimated 1-2% in 2018. Key drivers of crypto adoption include: Lower Transaction Fees : International transfers in cryptocurrencies can be cheaper than wire transfers or credit card cross-border fees.

Credit Cards 105

Credit Cards Cryptocurrency Cross-Border Volume 105

Fintech News

APRIL 22, 2025

Launched in 2018, the platform allows users to securely buy and sell cryptocurrencies with real-time price updates. Bangkok Bank Mobile is another solid option, providing reliable international wire transfers (SWIFT) and compatibility with fintech products including Wise and FX tools.

Multi-Currency 64

Multi-Currency FinTech Online and Mobile Banking Cross-Border 64