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

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

PYMNTS

OCTOBER 14, 2019

It was not uncommon for drivers to have to fork over as much as a third of their wages to the taxi company, as well as payment to lease the taxi and an additional 10 percent for any fares put on a credit card. As independent contractors, drivers also have no benefits. Turning a Blind Eye.

Economy 71

Economy On-Demand Regulations Push-to-Card 71

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 135

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 135

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

NOVEMBER 30, 2020

And this, as Karen Webster noted in a recent commentary, is where payments players have an opportunity to help push a vaccine by creating richer incentives to get it. “If The number of COVID-19 patients in U.S. hospitals reached record levels on Saturday evening (Nov. But will people take it when it arrives?

Economy 64

Economy NOV Push-to-Card On-Demand 64

PYMNTS

OCTOBER 18, 2020

score in July, according to the Journal, was 711 — up from 708 in April 2020 and 706 in July 2019. He added that deferment policies and government stimulus checks “are having a further effect of pushing out that stress for many people.”. 16 that retail sales in September exceeded those in August 2020 and September 2019.

Consumer 103

Consumer Push-to-Card Credit Cards Checks 103

PYMNTS

MARCH 12, 2020

In the gig economy, offering short-term and project-based workers payments in the ways they want, and especially when they want, can be a strategic advantage in keeping employees loyal. That short timeframe between disbursement and receipt of funds, she said, is ideal for the gig economy. The Security Angle.

Payroll 61

Payroll Issuers Debit Transaction Push-to-Card 61

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 9, 2020

The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Lawmakers Eye Expanded Fleet Card Use. Fleet service cards act just like credit cards at a gas station," Rep. Lawmakers in the U.S.

Payment APIs and Integration 94

Payment APIs and Integration Commercial Card Push-to-Card Visa 94

PYMNTS

OCTOBER 15, 2020

Cash is still a major player in the digital economy in the U.S., He added that even though the digital economy isn’t set up to leverage it, “cash is still king in most of the world.”. Funds can be used to make monthly payments and shop online without the need for a credit card.

Push-to-Card 40

Push-to-Card Payments Economy Credit Cards 40

Fintech News

APRIL 28, 2024

Other sessions also delved into key trends and issues shaping the global payment landscape, including open banking in Europe, the QR code revolution in Asia as well as the US’s card dominance. Day 3 explored topics like Web3 developments, Malaysia’s fintech journey, and fostering financial inclusion in Asia.

Payment APIs and Integration 113

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 113

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. And though some behaviors will come back, Ondot’s data is becoming part of a growing indicator of the digital-first economy. “I

Push-to-Card 94

Push-to-Card Issuers Payments Transactions 94

PYMNTS

JANUARY 13, 2021

It also provides lending services such as merchant cash loans, personal loans, and credit cards. The company, which was valued at $16 billion during a 2019 funding round, is backed by Chinese FinTech titan Ant Financial and Japanese conglomerate Softbank, Reuters said. We made offline payments possible with a use of a standard button.

Push-to-Card 62

Push-to-Card Credit Cards On-Demand Contactless Payments 62

PYMNTS

SEPTEMBER 5, 2019

Seventy percent of gig economy workers are still living paycheck to paycheck, despite pulling in more money than ever. Instant payments and disbursements are therefore only growing more integral to every facet of the gig economy ecosystem. Speeding Gig Economy Insurance Disbursements. Nearly 40 percent of U.S.

AI 62

AI Instant Payments Federal Reserve Economy 62

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

PYMNTS

JANUARY 10, 2019

Visa recently partnered with Shieldpay to introduce secure card payments on peer-to-peer (P2P) platforms to the nation’s £120 billion ($151.1 billion USD) online classified marketplaces, enabling buyers and sellers to accept credit and debit cards. In the U.K., Around The World Of Disbursements.

On-Demand 62

On-Demand Tax Refunds Push-to-Card P2P 62

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

DECEMBER 11, 2019

And while that addition to the market has made many things possible for consumers in formerly cash-locked economies, there has been a persistent problem of limitations for users once they want to transact outside their home environment. percent between 2019 and 2020, reaching $51 billion.

Cross-Border 57

Cross-Border Credential Online and Mobile Banking Push-to-Card 57

PYMNTS

NOVEMBER 26, 2019

Kaspersky: Fake Push Notifications Have Grown Nearly 70 Pct In 2019. The push scams work similarly and ask people to sign up for subscriptions that they don’t want or download software with unwanted consequences. Lessons From Airbnb On Solving The Sharing Economy Trust Issue. The marketplace company said on Monday (Nov.

Online and Mobile Banking 52

Online and Mobile Banking Federal Reserve Push-to-Card NOV 52

PYMNTS

JULY 11, 2019

The Eleventh Development Plan , which was submitted to the Turkish Parliament and covers the period between 2019 and 2023, aims to boost Turkey’s economy. The crypto news comes as there has been a push to eliminate cash in Turkey. However, the currency doesn’t appear to be going away anytime soon.

Bitcoin 43

Bitcoin Digital Currency Central Bank Blockchain 43

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. the region.

Online and Mobile Banking 66

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

PYMNTS

JANUARY 8, 2020

NY Lawmakers Push For Public eBanking System. Lawmakers in New York have proposed a public electronic banking system that would function similarly to the payment service Venmo, to include more people in the economy in an attempt to stimulate growth. NRF On PIN-less EMV Cards And POS Fraud. Mall Vacancy Rate Reaches 20-Year High.

Venmo 52

Venmo EMV Push-to-Card Electronic Banking 52

PYMNTS

JANUARY 22, 2021

One reason is the tremendous push COVID-19 has given consumers. But another reason is that the digital-first economy is being pushed by a demographic changing of the guard when it comes to spending. Because, as Webster and Fiorentino jokingly agreed, standing in line at the point of sale is very 2019.

Push-to-Card 73

Push-to-Card Payments Credit Cards Checks 73

PYMNTS

DECEMBER 23, 2019

It was in a convergence of these trends that Visa launched its real-time payments solution, Visa Direct , a technology enabling push payments onto recipients’ Visa cards. The Network Opportunity. “We’ve taken that network and [thrown] it in reverse so we could move money in the other direction,” he said.

Use Case 41

Use Case Cross-Border Cross-Border Payments Push-to-Card 41

PYMNTS

OCTOBER 18, 2019

Card member spending, higher net interest income and card fees combined to produce an 11 percent year-over-year revenue gain for the Global Consumer Services Group of American Express in the third quarter of 2019. Revenue for that unit hit $6 billion, the company said in its latest financial report , released Friday (Oct.

Push-to-Card 40

Push-to-Card Commercial Card Card Issuer Credit Cards 40

PYMNTS

FEBRUARY 27, 2019

There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. But data shows that what consumers increasingly do want is money pushed to them via the alias known as the debit card. Millennial consumers probably wouldn’t be so generous. on a scale of 100.

Consumer 53

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

PYMNTS

OCTOBER 30, 2020

It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs.

Automation 91

Automation Process Disputes AML 91

PYMNTS

JUNE 12, 2020

Apple Preps Installment Pay Plans On Apple Card . Apple will reportedly let buyers divvy up payments in an interest-free fashion on the Apple Card, giving them the ability to pay for items like Macs and iPads in monthly installments. late in 2019. . Capgemini Teams With BlackLine To Help Organizations Streamline F&A.

Push-to-Card 52

Push-to-Card Shutdown EMV Issuers 52

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

MARCH 6, 2020

1, 2019, there was no shortage of predictions about which stories would drive payments, commerce and the global financial ecosystem. But as it turns out, 2019-2020 will go down in the record books as one of those years where everyone got it wrong — because a black swan showed up. Costs And Benefits.

Online and Mobile Banking 60

Online and Mobile Banking Disputes Economy Push-to-Card 60

CB Insights

DECEMBER 4, 2019

While the anticipation for Amazon’s plunge into banking gets louder each year, it’s important to first understand Amazon’s existing strategy in financial services — what Amazon has launched and built, where the company is investing, and what recent products tell us about Amazon’s future ambitions. Amazon Payments.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

FEBRUARY 8, 2020

And as the season of bold, jewelry-backed expressions of love is coming to an end, consumers are gearing up for once last spending push to seal off the season. And as the season of bold, jewelry-backed expressions of love is coming to an end, consumers are gearing up for once last spending push to seal off the season. In total $1.7

Push-to-Card 74

Push-to-Card Economy Consumer Origination 74

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. Yet he questioned whether that strength could continue, as the economy continues to be hit by the pandemic. percent higher than August 2019. Those include enhanced billing and pricing, with options for credit cards.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. Yet he questioned whether that strength could continue, as the economy continues to be hit by the pandemic. percent higher than August 2019. Those include enhanced billing and pricing, with options for credit cards.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

DECEMBER 24, 2019

However, after almost 50 years, it began to fade in the 1980s, disrupted by the emergence of store-branded credit cards. Yet, instead of offering the option to pay now and buy later, the credit cards reversed the order of operation and allowed customers to buy now and pay later over time. That’s not all.

Credit Cards 55

Credit Cards Push-to-Card Consumer Returns 55

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