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

Fintech News

OCTOBER 10, 2024

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

Payment APIs and Integration 103

Payment APIs and Integration Innovation API Push-to-Card 103

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 2, 2020

Adding the installment lending function to a bank card is suitable for all parties in the transaction,” said Brian Riley, director of the credit practice at Mercator Advisory Group , a Massachusetts consultant to the payments industry, in a statement.

Visa 88

Visa BNPL Push-to-Card Payments 88

The Fintech Times

SEPTEMBER 14, 2024

Building on previous policies, in 2020, six core strategic industries were introduced to link investment through Taiwan’s ‘Three Major Plans’ of 2019. These economies have since developed into fully advanced nations. Taiwan’s gross domestic product (GDP) per capita is over $35,000.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

DECEMBER 31, 2019

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. At the time, in November 2018, it became clear that the state of that race had changed. percent of consumer retail spending in the U.S., percent of all U.S. percent of U.S.

Push-to-Card 54

Push-to-Card Consumer Federal Trade Commission Rules 54

PYMNTS

JUNE 16, 2020

Apple will now be allowing 0 percent interest on financing options for several of its products, including the Mac lineup, iPad, AirPods Pro, AirPods, Apple Pencil and others, when paid for via the Apple Card. The company also wants to push the purchase of multiple Apple items that can work together as part of a package.

Finance 69

Finance Push-to-Card Product Continuity 69

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

DECEMBER 9, 2020

Now, we’ve moved to offerings like Visa Direct, which enables real-time push payment capabilities across account-to-account interactions — domestic and across borders — for consumers and small businesses. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis.

Use Case 134

Use Case B2B Cross-Border Payments Cross-Border 134

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. In August 2019, the company closed out its Series F funding round from Sequoia, Andreessen Horowitz, and General Catalyst at a $35B valuation.

Payment APIs and Integration 98

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

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

PYMNTS

NOVEMBER 9, 2020

million households lacked access to bank accounts as of 2019. and why it appears to be pushing the percentage of unbanked consumers up. and why it appears to be pushing the percentage of unbanked consumers up. percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009.

On-Demand 81

On-Demand FDIC Push-to-Card P2P 81

CB Insights

FEBRUARY 20, 2020

All told, they raised over $15B in 2019, in addition to forging new high-profile partnerships, spinning off new ventures, and evolving their products and strategies. GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B. Click to enlarge. .

FinTech 80

FinTech Debit Card Payment APIs and Integration Push-to-Card 80

PYMNTS

JANUARY 1, 2021

The folks who are viewing the videos, when their behaviors compared to the others, we’re seeing they are buying more assets, we’re seeing deeper penetration in certain products like credit cards — that is kind of the proof point there that says, ‘OK, well, we’re onto something here.’”. Restoring Cash Flow…With Cards.

B2B 103

B2B Push-to-Card Online and Mobile Banking Returns 103

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

DECEMBER 23, 2019

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. Something remarkable happened about halfway through the 2010s or at least something that ought to have been. Americans stopped talking to each other. Even better.

Online and Mobile Banking 52

Online and Mobile Banking Cybersecurity Best Practices Economy 52

PYMNTS

DECEMBER 21, 2018

Before the liability shift in 2015, the industry-wide prediction was that the onset of EMV would reduce occurrences of counterfeit card fraud in-store, but that the industry should expect to see a spike in card-not-present (CNP) fraud as fraudsters moved to easier targets. Take the transition to EMV in the U.S.,

EMV 74

EMV Push-to-Card Fraud Prevention Rules 74

PYMNTS

JULY 31, 2019

Even in 2019, there persists this idea in the mainstream that invention stems from the epiphany and late-night toil of the solitary scientist. As FinTech continues to grow, it becomes ever more clear that the endeavor, to put it one way, is a massive team sport. And that’s where we come to FinTech. Whole Ecosystem. “If

Innovation 76

Innovation FinTech Push-to-Card Digital Payments 76

PYMNTS

DECEMBER 24, 2020

If there was a defining trend for payments in 2020, or a trend that gained the most traction compared to 2019, it was buy now, pay later (BNPL). Financial wellness and budgeting is and will continue to be the way young people pay for things.”. PYMNTS research shows 11.5 Contactless. It was the year when no one wanted to touch anything.

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

Finovate

APRIL 8, 2024

Courtesy of the partnership, Wise Platform will power a new global account and international debit card for Nubank. Brazilian fintech Nubank has partnered with Wise Platform to power its global account and international debit card. The collaboration will also enable Nubank customers to hold both U.S.

Accounts 59

Accounts Debit Card FinTech Multi-Currency 59

PYMNTS

DECEMBER 2, 2020

Instead, we were presented with a guidance range that is so conservative that it seems almost impossible for management to miss, and a gradual three-year timeline that implies it will take ACI almost another two years from today just to get back to its 2019 revenue base and start producing new organic growth.”. In Transition.

Push-to-Card 77

Push-to-Card Bitcoin Real Time Payments On-Demand 77

PYMNTS

NOVEMBER 17, 2020

Instances of APP fraud around the globe have continued to rise as real-time payment rails extend their reach. This number significantly increased during the same period in 2019, with the association identifying 57,549 instances of APP fraud that hit £208 million ($268 million) in losses. APP Fraud Ramps Up. APP Fraud Ramps Up.

Scams 89

Scams Account Takeovers Federal Trade Commission Real Time Payments 89

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. In the filing, known as an 8-K, Goldman said it would commence with the new reporting with its fourth quarter 2019 results. billion for the quarter that ended Sept.

Consumer 53

Consumer Push-to-Card Credit Cards Continuity 53

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. But payment deferrals and furlough payments continue to mask the true scale of the financial stress being faced by many UK adults. Spend on UK cards continues to increase.

Issuers 52

Issuers Credit Cards Push-to-Card Card Issuer 52

PYMNTS

NOVEMBER 21, 2018

And pretty much anyone who has the expertise is optimistic about 2019 bringing further progress on that mobile-restaurant front. It’s a relatively simple prospect: Select food. Order food. Eat and pay for the food (the process depends on the type of restaurant, of course). Happy Thanksgiving , by the way!). Getting Past Hype. food culture.

P2P 69

P2P Push-to-Card Account Takeovers Fraud Prevention 69

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 Fraud remains one of the biggest challenges facing the UK’s financial sector. million cases reported. Despite this rise, there was some good news.

Finance 59

Finance Fraud Prevention Push-to-Card Audit 59

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. In the filing, known as an 8-K, Goldman said it would commence with the new reporting with its fourth quarter 2019 results. billion for the quarter that ended Sept.

Consumer 52

Consumer Push-to-Card Credit Cards Continuity 52

FICO

NOVEMBER 19, 2020

Our latest UK Credit Market Report shows the continuing impact of COVID-19 on household finances even while furlough and payment holidays remained in place during the month. Cash usage on cards has also increased month on month. Spend on UK Cards Increases Marginally. Monthly Payments Continue to Increase.

Issuers 52

Issuers Push-to-Card Credit Cards Card Issuer 52

PYMNTS

DECEMBER 12, 2019

11), that public pilot officially came to an end, as Penn Station was added to the New York list of MTA stations that enables open payments using network-branded contactless cards. We are moving beyond public pilot — this has now become a continuous rollout,” Sanford told Webster. Yesterday (Dec.

Contactless Payments 66

Contactless Payments Push-to-Card Payments Use Case 66

PYMNTS

JULY 23, 2020

Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. The current health crisis continues to keep bank branches and other brick-and-mortar businesses closed, pushing customers to seek digital alternatives to fulfill their daily needs.

Online and Mobile Banking 66

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

PYMNTS

AUGUST 12, 2019

By the numbers, 2019 is a good year for corporate card innovation. Opportunity, however, is almost impossible to take on without risk — and for FIs, even the relatively blue ocean environment of corporate cards can become quickly turbulent. Among top-performing financial institutions, 86.7 That compares to 68.6

Push-to-Card 62

Push-to-Card Innovation Risk FinTech 62

PYMNTS

MARCH 19, 2019

Behind the billions of dollars — OK, make that tens and tens of billions of dollars — in deal-making that has marked the payments space in the just the first few weeks of 2019, lies, of course … strategy. It’s a mighty striving to push together the network, the platform and the use cases.

Cross-Border 76

Cross-Border Push-to-Card Use Case Payments 76

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

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

MAY 21, 2020

These individuals are in no mood for transactions that would add to their existing bills, meaning credit card fees and interest are factors when they shop for goods and services — and sometimes tip them toward abandoning their carts entirely. Department of Commerce recently reported that spending in the country fell 7.5 Both sides in the U.S.

BNPL 81

BNPL Credit Cards Push-to-Card Consumer 81

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. So, more work is needed to enforce and audit ethical AI usage, as 67% of AI leaders don't monitor their models to ensure continued accuracy and ethical treatment.

AI 98

AI Fraud Detection Payment APIs and Integration On-Demand 98

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. The trade group wants unified card security standards in the U.S.,

EMV 54

EMV Data Breach Chip Cards Push-to-Card 54