PYMNTS

JANUARY 7, 2020

By creating new divisions, the company may be training a brighter spotlight on its consumer banking efforts. Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. 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

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

Fintech News

OCTOBER 10, 2024

Banks push for digitalization According to the report, large banks are at the forefront of the sector’s digital transformation. This dynamic ecosystem is supported by regulatory advancements and collaborative partnerships, which are expected to continue fostering innovation and growth in the sector.

Payment APIs and Integration 102

Payment APIs and Integration Innovation API Push-to-Card 102

PYMNTS

MAY 8, 2020

The Consumer Choice in Payment Coalition ( CCPC ), made up of numerous businesses and consumer representatives, aims to protect the use of cash against the encroaching tide of digital pay. The Coalition will first be pushing HR 2650, or the Payment Choice Act of 2019. That bill, introduced by Rep. Payne Jr. (D-NJ),

Consumer 73

Consumer Identity Theft Data Breach Push-to-Card 73

PYMNTS

FEBRUARY 5, 2020

And even if it doesn’t quite make it over the trillion-dollar milestone, consumer spending will certainly get within striking distance – which attests to the fact that in the U.S. During the Black Friday and Cyber Monday shopping events and beyond, consumers were increasingly turning to buy now, pay later (BNPL) solutions in the U.S.

Consumer 57

Consumer BNPL Credit Cards Push-to-Card 57

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. The Two Faces Of Consumer Credit. “The

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

PYMNTS

DECEMBER 31, 2019

percent of consumer retail spending in the U.S., consumer spending. consumer retail spending, and 1.9 percent of all consumer spending in general. percent as of 2019 — PYMNTS’ 2019 numbers are historic, trailing 12-month numbers based on data from Q4 2018 through Q3 2019. percent as of 2019 data.

Push-to-Card 54

Push-to-Card Consumer Federal Trade Commission Rules 54

PYMNTS

OCTOBER 1, 2019

The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. The study found that consumers’ interest in contactless payments was up 5.4 percent of super-connected consumers.

Contactless Payments 56

Contactless Payments Consumer Payments Push-to-Card 56

Neopay

OCTOBER 22, 2024

As criminals continue to evolve their tactics, businesses and consumers alike must stay vigilant. The report notes a 19% increase in unauthorised card fraud, with over 1.5 Many are tricking consumers into sharing one-time passcodes (OTPs) through sophisticated social engineering tactics. million cases reported.

Finance 59

Finance Fraud Prevention Push-to-Card Audit 59

PYMNTS

DECEMBER 24, 2019

For the annual holiday exercise at PYMNTS (describing the 12 main or most exciting ways to pay in 2019), it is clear that what has happened this year will have big implications for the new decade. Here are the 2019 payment trends that made the biggest splash, and promise to make even bigger splashes in the new decade. #1:

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

DECEMBER 19, 2018

With the launch of Ingo Money QuickConnect last week , the company capped off a year that CEO Drew Edwards told Karen Webster could best be characterized as the “Great Awakening” of push payments. We’ve finally moved beyond ‘so what is a push payment?’ That one bite is via a card that almost everyone has in their wallets today.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

PYMNTS

DECEMBER 11, 2020

That’s the reality that the majority of consumers — 78 percent, according to Blackhawk’s data — are already anticipating a post-pandemic world where their shopping habits will permanently shift to digital. Digital Gift Cards ’ Growth. She said a few factors — some more obvious than others — are pushing that trend.

Posting 116

Posting Push-to-Card Debit Card On-Demand 116

PYMNTS

FEBRUARY 27, 2019

There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. Millennial consumers probably wouldn’t be so generous. That naturally led, he said, to consumers asking the logical question: “Why can’t I choose how I am paid and when?”. on a scale of 100.

Consumer 53

Consumer Debit Card Push-to-Card On-Demand 53

PYMNTS

SEPTEMBER 2, 2020

As consumers seek payment options and merchants try to meet the demand, Mastercard announced Wednesday (Sept. Riley added it allows consumers to have a discrete transaction, separate from their general purchasing, while merchants close the sale and have the chance to upsell the customer.

Visa 88

Visa BNPL Push-to-Card Payments 88

PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. percent in 2019 and its share of borrowings at 3.63

Credit Cards 114

Credit Cards Point-of-Sale (POS) Push-to-Card Debit Card 114

Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

Online and Mobile Banking 131

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 131

The Fintech Times

MAY 22, 2024

In its Annual Fraud Report 2024 , UK Finance detailed the amount its members reported as stolen through payment fraud and scams, with a primary focus on authorised push payment (APP) fraud and unauthorised fraud. ” Unauthorised fraud losses Unauthorised fraud is when your card details are used by someone else without your permission.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

PYMNTS

JANUARY 22, 2021

Global payments firm MoneyGram is advancing its Visa debit card deposit service across Europe in a partnership with Checkout.com and continued collaboration with Visa’s real-time push payments platform Visa Direct. Consumer demand for real-time payments direct to bank accounts and mobile wallets continues to surge.”.

P2P 107

P2P Cross-Border Real Time Payments Cross-Border Payments 107

PYMNTS

AUGUST 14, 2020

It looks like a race is shaping up to determine the future management of General Motors ’ credit card business. However, the Journal cited unnamed sources as saying that the London-based Barclays is also bidding for GM’s card business, while current issuer Capital One is unlikely to let the account go without a fight.

Push-to-Card 98

Push-to-Card Credit Cards Contactless Payments On-Demand 98

PYMNTS

SEPTEMBER 28, 2020

NFCW.com reports the number of shoppers in Japan making these cell phone purchases at the point of sale is expected to reach 24 million by year’s end, up from 19 million in 2019, a 26 percent increase, encompassing more than 21 percent of the population, researchers found.

Mobile Payments 80

Mobile Payments Push-to-Card Payments Economy 80

PYMNTS

JANUARY 29, 2020

Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud.

Consumer 52

Consumer Push-to-Card Automation Card Issuer 52

PYMNTS

JULY 17, 2019

14, 2019, to be exact. These new regulations potentially benefit customers by giving them control over their data, but lost in discussions about merchant unpreparedness is how much consumers are aware of PSD2’s impending enactment. Dragging their heels could have serious financial implications, according to a separate study by Stripe.

Consumer 65

Consumer Authentication Online and Mobile Banking Compliance 65

PYMNTS

DECEMBER 23, 2019

Shortly before the decade hit the halfway mark in 2014, the most favored method of communication among American consumers formally switched. This year, 2019, the average American will spend three hours and 43 minutes per day on mobile devices, just ahead of the three hours and 35 minutes spent watching television. Even better.

Online and Mobile Banking 52

Online and Mobile Banking Cybersecurity Best Practices Economy 52

PYMNTS

JANUARY 15, 2021

A year ago, as 2019 was turning over into 2020, the distinction between card-present transactions and card-not present transactions was highly relevant in the world of commerce. Friction that digitization for the card space can overcome, if done correctly in line with consumer convenience and need.

Push-to-Card 94

Push-to-Card Issuers Payments Transactions 94

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

JANUARY 25, 2021

According to Ossama Soliman , chief product officer at open banking provider TrueLayer , the very fact that there are so many payment options pushes new entrants to differentiate themselves from the pack. “But But actually, it raises the bar for what it takes to add a new payment method into the checkout.”. Click, Biometric, Done.

Instant Payments 120

Instant Payments Push-to-Card Payments Money Laundering 120

PYMNTS

DECEMBER 16, 2020

million during the same period in 2019, per an announcement. Contribution margin per unit grew by 188 percent to $1,883 in Q3 of this year from $655 in Q3 2019. Amazon Expands Data-Driven Fashion Push. The offering is meant to let consumers truly tailor their clothing by making T-shirts to their precise measurements.

Push-to-Card 76

Push-to-Card AI Consumer Payments 76

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM’s digital push, a theme it refers to as “Mobile First, Digital Everything,” is showing positive early results. First Name.

Consumer 76

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

PYMNTS

FEBRUARY 10, 2020

In the February Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including digital driver’s license initiatives around the country, biometric solutions for credit cards and the growing danger of fake profiles on social media. Biometrics are growing increasingly popular among credit card users.

Data Breach 94

Data Breach Point-of-Sale (POS) Push-to-Card Verification 94

PYMNTS

NOVEMBER 9, 2020

Both businesses and consumers are still attempting to deal with the financial hardships brought on by the ongoing pandemic. In the United States, 8 million consumers have fallen below the poverty line since May, for example, movement that severely reduces the access these consumers may have to financial tools. In the U.S.,

On-Demand 81

On-Demand FDIC Push-to-Card P2P 81

PYMNTS

OCTOBER 7, 2020

Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported Wednesday (Oct. Revolving debt — mainly credit card debt — as reported by the central bank declined by $9.4 Economic forecasters surveyed by Bloomberg had, in the whole, predicted an increase in credit card spending.

Credit Cards 71

Credit Cards Federal Reserve Non-Bank Credit Union 71

Fintech Finance

DECEMBER 13, 2023

billion) in 2019 to an estimated SGD19.8 The rapid rise in contactless card payments underpins this phenomenon with the number of contactless cards increasing from 27.7 million in 2019 to 39.3 million in 2023, and the annual value of card transactions estimated to exceed $107.3 million in 2019 to 39.3

Payments Institute 52

Payments Institute APACS Cross-Border Push-to-Card 52

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. S&P’s analysis shows that Indian mobile-payment transactions grew 163 percent to $287 billion in 2019.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 56

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. S&P’s analysis shows that Indian mobile-payment transactions grew 163 percent to $287 billion in 2019.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

FICO

OCTOBER 20, 2020

FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers through its FICO® Benchmark Reporting Service. Our UK Credit Report for August 2020 provides a clear picture of the ongoing impact of COVID-19 on consumer finances. Spend on UK cards continues to increase. Unused credit a concern.

Issuers 52

Issuers Credit Cards Push-to-Card Card Issuer 52

PYMNTS

FEBRUARY 4, 2020

Visa, which acquired Earthport in May 2019, said the sale will help to speed up Earthport’s growth of its larger core payments business. According to Bill Sheley, head of global push payments at Visa , the acquisition would help Visa to move “beyond the card” and achieve a “two-account disbursement model.” based Earthport.

Cross-Border 100

Cross-Border Cross-Border Payments Treasury Push-to-Card 100

FICO

NOVEMBER 30, 2022

Tue, 07/02/2019 - 02:45. Fraudsters are opportunistic, and lately they are (unfortunately) finding a lot of success by targeting consumers directly. Consumers are not as worried about APP fraud and scams as they are for other types of fraud, but awareness is growing. million from debit card payments, and $82.2 FICO Admin.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52