PYMNTS

APRIL 29, 2020

The COVID-19 pandemic has prompted traditional banks to take fresh looks at their digital initiatives and has given digital-only banks the opportunity to learn about the advantages and hurdles of serving customers primarily through online and mobile channels. Building Trust Between Banks and Consumers Online.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

Stax

APRIL 18, 2024

According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. What is mobile credit card processing?

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

PYMNTS

JANUARY 21, 2021

One common theme amid bank earnings — beyond lofty trading revenues gleaned from Wall Street — has been the increased uptake of mobile banking. Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs.

Online and Mobile Banking 101

Online and Mobile Banking Credit Union Mobile Banking CBDC 101

Clearly Payments

OCTOBER 7, 2024

As lockdowns and social distancing measures took effect, consumers were forced to adopt digital channels for shopping and payments, leading to a significant rise in e-commerce. in 2020, reaching $4.28 Consumers quickly embraced mobile wallets and tap-to-pay cards, driven by the desire to minimize physical contact during transactions.

Cross-Border 88

Cross-Border Processors Multi-Currency Contactless Payments 88

PYMNTS

SEPTEMBER 23, 2020

People for whom dining out is one of life’s best pleasures have had a rough time in 2020, and it’s probably going to stay weird for a while. Even New York City has now greenlit indoor dining, but the great restaurant sector reset of 2020 is far from finished. million in 2020 as consumers continue to heavily rely on these services.

Fraud Prevention 98

Fraud Prevention Online and Mobile Banking AI Consumer 98

PYMNTS

MARCH 13, 2020

The era of “challenger” banks has seen many grand promises in terms of innovating on the old banking model to provide consumers with something more modern, responsive and customized. They’ll also see a lot of fees that consumers associate with traditional banks (monthly account fees, overdraft charges, etc.)

Consumer 76

Consumer Online and Mobile Banking AI Checks 76

PYMNTS

APRIL 13, 2020

and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. The last time we had earnings season, stretching from mid-January into the end of February, banks pointed to the continued strength of the U.S. and the U.K.,

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

PYMNTS

NOVEMBER 23, 2020

Artificial intelligence (AI) in mobile food ordering: tantalizing. That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Advanced AI Makes Systems Smarter. Catering to Individual Tastes at Scale.

AI 115

AI Online and Mobile Banking Verification Credit Cards 115

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

Debit Card 62

Debit Card Online and Mobile Banking Push-to-Card P2P 62

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 128

Online and Mobile Banking Treasury Non-Bank Finance 128

Fintech Finance

FEBRUARY 28, 2024

Today Mastercard announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumer and small business debit issuers as well as consumer prepaid issuers in the U.S. million in 2020 to hit 47.8 year over year, from 20.7

Visa 59

Visa Accounts Issuers Online and Mobile Banking 59

The Fintech Times

MARCH 1, 2024

Payments giant Mastercard has launched its new ‘Open Banking for Account Opening’ programme for select US debit and prepaid products, hoping to streamline and secure account opening. In a recent study, Insider Intelligence found that Gen Z mobile banking adoption continues to rise by 12.4 million in 2020 to 47.8

Card Issuer 63

Card Issuer Issuers Visa Online and Mobile Banking 63

PYMNTS

NOVEMBER 12, 2020

consumers will likely start rising again as a result of the pandemic recession. Keeping these consumers engaged in the broader financial system is essential to the collective good. Mobile Wallets Get Their Moment. consumers are now using some kind of P2P mobile application, such as Venmo.”. In a word, “legacy.”

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This growth is driven by increased adoption of digital payment methods, evolving consumer behavior, and an expanding e-commerce sector.

Process 95

Process ISOs Credit Cards Online and Mobile Banking 95

Fintech News

AUGUST 12, 2024

A new report by Reputa, an online reputation monitoring system provided by Viettel, Vietnam’s state-owned telecommunications giant, offers an analysis of the country’s fintech sector and provides rankings of the most reputable fintech companies in Vietnam based on their online reputation and reach.

FinTech 106

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 106

PYMNTS

JANUARY 1, 2021

Many consumers were still facing pandemic-related financial strains going in to the holidays, making flexible payment options all the more important as they began buying gifts. Digital-First Banking. This loss can be crippling for consumers who live paycheck to paycheck or have little savings. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

FICO

AUGUST 24, 2020

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile deposits are so easy!”.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Fraud Detection 52

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

Debit Card 82

Debit Card P2P Cross-Border Central Bank 82

PYMNTS

JANUARY 20, 2021

Pointing to increased demand for premium products and continued lifestyle changes from the coronavirus, Procter & Gamble reported an 8 percent increase in total revenues Wednesday, led by a 50 percent increase in its online sales.

Online and Mobile Banking 117

Online and Mobile Banking On-Demand Product Consumer 117

Fintech News

MAY 28, 2024

The meteoric ascent of Brazilian neobank Nubank has sent shockwaves through the Latin American banking industry. As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking.

APACS 121

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 121

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

NOV 15

NOV Consumer Online and Mobile Banking Small Business 15

PYMNTS

JANUARY 20, 2021

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Fraudsters are out there moving pretty quick, and so banks have to be out there moving quick with them.”. As more people move to digital, so do some of these [fraudsters],” he said. “We

Debit Transaction 52

Debit Transaction Transactions Debit Card Security 52

PYMNTS

NOVEMBER 18, 2020

consumers paid off $10 billion in credit card debt in the third quarter of 2020, and Amazon Pharmacy launched for consumers to order prescription medications. US Consumers Pay Down $10B in Credit Card Debt In Q3. On the other hand, overall consumer debt hit $14.35 In today’s top news, U.S.

Credit Cards 91

Credit Cards Consumer Instant Payments Online and Mobile Banking 91

PYMNTS

JUNE 29, 2020

The COVID-19 pandemic is one of the most monumental crises the banking industry has faced, and the sector must stare down the dual challenges of creating safety measures at branch locations while addressing the ongoing economic downturn that has stretched their capacity for processing and deferring loans.

Online and Mobile Banking 126

Online and Mobile Banking IRS Adjustments Checks 126

FICO

DECEMBER 23, 2019

“It Could Happen to You” might be one of the cheesiest movies of the 1990s (71% on Rotten Tomatoes) but in making my fraud predictions for 2020, the title has an ominous ring to it. Consumers are conditioned to want every digital interaction to be fast, faster, fastest. How Fraud Could Happen to You.

Online and Mobile Banking 52

Online and Mobile Banking Credential Scams Irrevocability 52

PYMNTS

JANUARY 19, 2021

But the results also underscored the continued push into consumer banking, and specifically online banking. The company said the consumer net charge-off rate of 4.2 Loans tied to its cards should reach at least $20 billion in 2024, as the bank noted in an update to its strategic plan. Deposit Targets .

Online and Mobile Banking 61

Online and Mobile Banking Push-to-Card Credit Cards Mobile Banking 61

Fintech Finance

FEBRUARY 29, 2024

Mastercard and MTN Group Fintech have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of people and small businesses across Africa with digital tools to transact through secure mobile payments, expanding access to the benefits of the cashless digital economy. Africa is home to over 1.3

Visa 52

Visa Financial Inclusion FinTech Online and Mobile Banking 52

PYMNTS

DECEMBER 29, 2020

To serve eCommerce companies’ needs, as transactions continue to shift online, banking needs to go digital, too. As has been profiled in this space previously, virtual IBANs serve as reference numbers issued by banks. Platforms and single access points help bridge the gap between traditional banks and eCommerce.

Facilitators 115

Facilitators IBAN Accounts Cross-Border 115

PYMNTS

DECEMBER 12, 2019

Penn Station is going online, and [the MTA] will enable another 50 stations this month. By the end of 2020, all rail lines and buses will be enabled.”. We have every expectation that we will achieve full enablement by the end of 2020. By June, the MTA’s goal is to have half of all New York stations enabled.

Contactless Payments 66

Contactless Payments Push-to-Card Payments Use Case 66

PYMNTS

DECEMBER 26, 2019

Shorten the timeframe a bit, and it gets (just a bit) easier to see what may be rushing toward us – or what we may be rushing toward — in terms of innovation in-store, online and across all manner of channels. Consumers will want — and will receive — flexible payment options, such as installment plans, at the point of sale.

Real Time Payments 55

Real Time Payments Online and Mobile Banking Payments Contactless Payments 55

PYMNTS

AUGUST 21, 2020

The trend toward digitization in consumers’ lives isn’t new, but COVID-19 has accelerated it dramatically over the past several months. Deposits had already been trending away from community banks and credit unions anyway, but COVID-19 has accelerated that shift. FinTech players are also grabbing deposits. Square announced $1.3

Credit Union 89

Credit Union Push-to-Card Online and Mobile Banking Community Banks 89

PYMNTS

APRIL 24, 2020

The coronavirus outbreak is still ravaging countries worldwide, but it has not eliminated consumers’ and businesses’ need to transact, finalize complex arrangements like trusts, or speak with their bankers about financial products. Twenty-five percent of all U.S. Business is not continuing as normal, however. Shifting In-Branch Operations.

Technology 99

Technology ATM Online and Mobile Banking Credit Union 99

PYMNTS

NOVEMBER 20, 2020

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible. Officially the regulatory powers that govern banking aren’t on board with this switch.

Office of the Comptroller of the Currency 88

Office of the Comptroller of the Currency Online and Mobile Banking OCC Federal Reserve 88

PYMNTS

JULY 15, 2020

With the National Restaurant Association projecting up to $240 billion in losses by the end of 2020 and millions of restaurant jobs gone, along with their former workplaces, a nation mourns our glorious gastronomic past. The July Mobile Order-Ahead Tracker® is brimming with actionable insights on both fraud fighting and loyalty strategy.

Online and Mobile Banking 60

Online and Mobile Banking Account Takeovers Accounts On-Demand 60

PYMNTS

DECEMBER 4, 2020

This week, Stripe introduced banking services, we get a glimpse of the EU's upcoming Digital Services Act and PYMNTS' data reveals online purchases ruled Black Friday. Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The Weekender can catch you up. Top Trackers And Reports.

Visa 60

Visa Online and Mobile Banking Push-to-Card Digital Currency 60

PYMNTS

JANUARY 21, 2021

For credit unions (CUs), the digital trends that accelerated in 2020 amid the pandemic will gain even further traction this year. CU members, she noted, whether consumer or corporate, have learned to transfer everyday tasks into the virtual realm. The Trend Toward Mobile. Therein lies a challenge for CUs, she said.

Credit Union 96

Credit Union Online and Mobile Banking Contactless Payments Use Case 96

FICO

JANUARY 13, 2020

banking industry in the 2020. . The CFPB will issue its final debt collection rule in the fall of 2020. I predict we will see the final rule during the early portion of the 2020 NFL season. The FCC will issue updated interpretations of the Telephone Consumer Protection Act in 2020.

AML 52

AML Authentication Finance OCC 52