PYMNTS

NOVEMBER 23, 2020

As of late October, data released by LendingTree indicated that a quarter of consumers were already finished with their holiday shopping for 2020. A pick-up in consumers looking to get the jump on the biggest shopping season of the year seems to be a certainty, with large swaths of customers buying more and earlier.

Consumer 99

Consumer Push-to-Card On-Demand Transactions 99

PYMNTS

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. COVID-19 was actually great news for DoorDash , as government shutdowns and consumer virus fears forced restaurants almost everywhere to eliminate dining in and switch to pickup and delivery. The stock then soared 112.8

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

PYMNTS

JANUARY 19, 2021

But the results also underscored the continued push into consumer banking, and specifically online banking. Supplemental materials released by the company show credit card loans stood at $4 billion, up from $3 billion in the third quarter, and $2 billion in the year-ago period. Revenues of $11.7 Deposit Targets .

Online and Mobile Banking 61

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

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. Consumers are hardly alone in this. It’s not all good news.

EMV 54

EMV Data Breach Chip Cards Push-to-Card 54

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. The Scams You Don’t Hear About.

Online and Mobile Banking 52

Online and Mobile Banking Credential Scams Irrevocability 52

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

DECEMBER 24, 2020

Consumers, in short, entered spring 2020 realizing that their old, largely physical habits for feeding themselves were a bad fit in a world where proximity between themselves and strangers was frowned upon as a public health liability. And so, as PYMNTS data showed, those consumers changed. million consumers around the U.S.

Push-to-Card 82

Push-to-Card Consumer Innovation On-Demand 82

PYMNTS

MAY 6, 2020

But it will take a mindset shift on the part of merchants and consumers — and a return of foot traffic to the stores, of course. As Platko said, the data show that consumers are willing to try something different when it comes to payments, chiefly to avoid touching things. As Webster noted, consumers like their cards.

Consumer 87

Consumer Contactless Payments Push-to-Card Returns 87

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. For example, ICICI Bank launched in 2020 an API banking portal with 250 APIs, allowing fintech companies to integrate various banking services into their platforms.

Payment APIs and Integration 114

Payment APIs and Integration Innovation Push-to-Card API 114

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. This loss can be crippling for consumers who live paycheck to paycheck or have little savings. consumers cannot pay for a $400 emergency. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

SEPTEMBER 29, 2020

Consumers shifted their buying preferences nearly overnight, and an expert panel recently joined Karen Webster for PYMNTS’ latest “On The Agenda” discussion to look at how retailers must ready themselves for the digitized landscape of the future. There are real opportunities for those brands that deeply understand their consumer.”.

Consumer 100

Consumer Push-to-Card Contactless Payments Adjustments 100

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. As 2020 is becoming 2021, on the other hand — not so much and for good reason. The Five Key Steps To Digitization.

Push-to-Card 94

Push-to-Card Issuers Payments Transactions 94

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

FICO

DECEMBER 9, 2019

As I think about predictions for next year in debt management for Europe and the UK, there are three big concerns: Consumer indebtedness has not abated at all and has reached record highs in some markets. Consumer Indebtedness. Now, what does 2020 promise on the C&R front? Most economic markets are on the verge of a downturn.

Risk 52

Risk AI Non-Bank Push-to-Card 52

PYMNTS

DECEMBER 30, 2020

As one executive writing for this project put it, 2020 represented “innovation under adversity.”. It’s almost impossible not to look back at 2020 when considering 2021, and every company has its story to tell. Companies are not going to be satisfied with the progress made during 2020’s digital transformation.

Push-to-Card 101

Push-to-Card Payments Economy API 101

PYMNTS

OCTOBER 10, 2019

That’s the view shared by Trevor LaFleche, director of product management and marketing for Enterprise Payments Solutions at Fiserv , during a recent PYMNTS discussion that centered around the spread of real-time payments, and their global prospects going into 2020. That’s a huge benefit.”. Pull Payment Trends.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

PYMNTS

DECEMBER 9, 2019

In fact, he noted, in a sense, a subscription is a gift that keeps on giving to a consumer year-round, and that idea has begun to resonate with customers, and change the way they think about products and services. By all accounts, Cyber Monday was a great day for commerce in America. This was an increase over 2018’s growth of 77.42

PayPal 52

PayPal Push-to-Card Alternative Payment Methods Professional Development 52

PYMNTS

JANUARY 1, 2021

We can’t put a final lid on the year 2020 without addressing the big issues, such as how we changed, what we learned, what’s coming back and what will never be the same. PYMNTS TV spent the whole of 2020 talking to the experts on the ground in real time about the key issues driving the payments and commerce business.

B2B 103

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

PYMNTS

DECEMBER 11, 2020

Consumers are going digital and are finding the experience to be an upgrade, while the physical retail channel is becoming increasingly unsatisfying by a pretty wide margin. Consumers are telling us they don't want to go in [the store] right now,” Herron said. Winning The Digital Consumer. I know which parking [lot] to go to.

Push-to-Card 109

Push-to-Card Consumer On-Demand Innovation 109

FICO

NOVEMBER 24, 2020

As we head into the holiday season, you’ve probably had enough stress in 2020. Fraud has spiked during the pandemic , with criminals upping their game as consumers swing into holiday shopping mode. Read on for five powerful fraud-fighting tips to help you break out of the 2020 doldrums and end the year with a little less stress!

Identity Theft 98

Identity Theft Scams Online and Mobile Banking Account Takeovers 98

PYMNTS

SEPTEMBER 28, 2020

Japan is betting big on QR codes as consumer payment preferences begin to change,” eMarketer analyst Cindy Liu told the website. “QR QR codes don’t require huge investments from vendors and are also simple and easy to use for consumers.”. He said Japanese consumers have a preference for managing transactions in cash.

Mobile Payments 80

Mobile Payments Push-to-Card Payments Economy 80

PYMNTS

JANUARY 1, 2020

As of today, a little under 13 years after the launch of M-Pesa in Kenya, there are nearly 200 million consumers subscribed to mobile money services. There are hundreds of millions of consumers in Africa that have not so much as touched a shilling, let alone used one to pay, in over a year. Those questions have been answered. .

Push-to-Card 113

Push-to-Card Payments Consumer Digital Payments 113

PYMNTS

DECEMBER 16, 2020

reported that revenues rose 12 percent for the third quarter of 2020. 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. Best Buy Caters To Consumer Preferences With In-Store Digital Upgrades. CarLotz Inc.,

Push-to-Card 76

Push-to-Card AI Consumer Payments 76

PYMNTS

OCTOBER 20, 2020

In an interview with PYMNTS, Scott Young , VP of Innovation at PSCU , noted that in the changing consumer environment, digital and mobile banking are “table stakes,” but credit unions (CUs) must be conscious of how member payment preferences are evolving. Stepping Up On Credit . More Comfort Online .

Credit Union 107

Credit Union Online and Mobile Banking Push-to-Card Debit Card 107

PYMNTS

DECEMBER 2, 2020

In a year that’s been filled with lifestyle changes, personal pivots and business adaptations, 2020 may also go down as the year of the gift card as studies show an outsized increase in sales leading up to the busy holiday season. InMarket’s data also showed customers were spending about 17 percent more on gift cards in 2020.

Push-to-Card 64

Push-to-Card Research Consumer 64

PYMNTS

NOVEMBER 2, 2020

on Halloween 2020, we’re confronted with the prospect of a long, strange COVID winter. With the average consumer saying the pandemic will have a life of 374 days, some digital-first victors are already obvious. In years to come, it’ll be hard to find anything as studied and surveyed as COVID-19’s effects on commerce.

Push-to-Card 82

Push-to-Card Online and Mobile Banking Processors Consumer 82

PYMNTS

JANUARY 22, 2021

The future, uncertain though it may be, looks pretty bright to him, insofar as he believes improvements are on the way in the form of CX payments, instant disbursements, consumer and business access to credit streams … and more. One reason is the tremendous push COVID-19 has given consumers. But he believes that is changing.

Push-to-Card 73

Push-to-Card Payments Credit Cards Checks 73

PYMNTS

SEPTEMBER 18, 2020

has rolled out EVO Express Deposit push payments technology. The financial institution will let users access more than 30 multicurrency accounts starting in Q4 2020. EVO Rolls Out Express Deposit B2B Push Payments With Visa Direct. Plus, EVO Payments Inc. ClearBank Introduces Multicurrency Bank Accounts. EVO Payments Inc.

Accounts 57

Accounts Push-to-Card API B2B 57

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. In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. Meanwhile, Venmo added 8 million new users in Q2 to bring its total to 60 million.

Credit Union 89

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

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

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. This change in consumer behavior is expected to remain even after vaccines are more widely distributed. The High Stakes Of Offering Contactless.

Contactless Payments 74

Contactless Payments Credit Union Innovation P2P 74

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. This trend is significant — one financial services company expects U.S. My Money, My Way.

Credit Cards 54

Credit Cards Debit Card Push-to-Card Card Issuer 54

PYMNTS

DECEMBER 2, 2020

As entire industry sectors wage fierce cyber-battle against internet crooks, consumers continue to be victimized by these criminals, and it’s making them extremely nervous about their data. Virtual cards are expected to facilitate $1.6 Merchants Align Behind V-Cards. trillion in spending this year and $5 trillion in 2025.

Debit Card 60

Debit Card Transactions Security Push-to-Card 60

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept.

Credit Cards 99

Credit Cards Visa Credential Push-to-Card 99

PYMNTS

SEPTEMBER 7, 2020

The year 2020 began inconspicuously — but in a few short weeks, everything changed. In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

JANUARY 18, 2021

For Bank of America , we’re likely to see some discussion on macro trends, on consumer and commercial spending, on cards and branch count. For Goldman , of course, the push downstream, toward retail, consumer banking continues apace. The company has been targeting $125 billion in consumer deposit balances over five years.

Push-to-Card 73

Push-to-Card OCC Non-Bank APACS 73

PYMNTS

JANUARY 13, 2021

I was surprised by the opportunity of monetization in 2020 during the pandemic, not just by our wealth accounts but also by lending.”. “I I was surprised by the opportunity of monetization in 2020 during the pandemic, not just by our wealth accounts but also by lending.”.

Push-to-Card 62

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