PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. percent made purchases via mobile in the last 24 hours. 31 percent bank via app. percent made purchases via mobile in the last 24 hours.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

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 122

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 122

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

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

The Fintech Times

NOVEMBER 14, 2024

Furthermore, none have excelled when it comes to mobile and internet adoption and accessibility. Other goals of the Strategy included developing e-government services and platforms and promoting economic growth via digital transformation of the fintech and banking sectors. In October 2024, O!

FinTech 70

FinTech Online and Mobile Banking Financial Inclusion Central Bank 70

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. Radius Bank: How FIs Can Respond To The Pandemic-Driven Surge In Debit Fraud Threats. The report noted that U.S.

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 129

Online and Mobile Banking Treasury Non-Bank Finance 129

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 million by 2026.

Visa 59

Visa Accounts Issuers Online and Mobile Banking 59

PYMNTS

JANUARY 19, 2021

But the results also underscored the continued push into consumer banking, and specifically online banking. Loans tied to its cards should reach at least $20 billion in 2024, as the bank noted in an update to its strategic plan. Earnings per share came in at $12.08, while consensus had been at $7.47.

Online and Mobile Banking 61

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

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. eCommerce Soars.

Online and Mobile Banking 117

Online and Mobile Banking On-Demand Product Consumer 117

PYMNTS

NOVEMBER 12, 2020

PYMNTS’ November 2020 Disbursements Tracker® , done in collaboration with Ingo Money , states that “FIs that support digital and mobile payment tools could help these consumers access financial solutions without using traditional accounts, but many FIs must address age-old challenges before they can roll out such tools.”

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

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 by 2026.

Card Issuer 62

Card Issuer Issuers Visa Online and Mobile Banking 62

PYMNTS

DECEMBER 29, 2019

As online banking continues rapidly evolving , ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as much as £100m in upcoming weeks. million customers in 2019, offering those users a mobile app bank account and a distinctively-colored coral credit card.

Online and Mobile Banking 57

Online and Mobile Banking Acquirers Credit Cards Digital Payments 57

PYMNTS

JULY 22, 2020

Banks have been forced to reduce or suspend in-branch activities to prevent the risk of infection at branches at least temporarily. The largest bank in the United States, J.P. Developments From Around The World Of Digital-First Bank ing. The global digital banking platform industry generated $3.95

Online and Mobile Banking 90

Online and Mobile Banking ATM On-Demand Risk 90

The Payments Association

OCTOBER 28, 2024

In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. This has led to a noticeable uptick in card-related fraud, especially in remote purchases, where criminals use stolen card details for online transactions.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

PYMNTS

JANUARY 1, 2021

Digital-First Banking. Banks will need to seriously revamp their in-branch experiences to accommodate the new normal as customers are growing used to the unparalleled convenience and speed that mobile banking has to offer. The year-over-year increase in cross-border online sales was even more dramatic in other regions.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

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

The Fintech Times

NOVEMBER 9, 2024

Not all doom and gloom: fintech is on the horizon Despite the outbreak of the pandemic, in 2020 the Central Bank of Sri Lanka (CBSL) launched its regulatory sandbox in an effort to boost its fintech sector and innovation. It was also exploring the idea of public input on the prospect and thoughts on open banking.

Economy 83

Economy Online and Mobile Banking Central Bank Financial Inclusion 83

PYMNTS

JANUARY 19, 2021

What if close to half of all companies surveyed said productivity during COVID-19 work-from-home (WFH) orders is actually rising, as more business is conducted efficiently online and less time goes into commutation or gets siphoned off by sundry other office intrusions? billion in 2020 alone.”. Well, they’ve said it.

Continuity 60

Continuity Verification Online and Mobile Banking Cross-Border 60

The Fintech Times

AUGUST 19, 2024

South Korea continued to evolve with the changing times and customer demands, developing large companies, known as chaebols, to bolster its economy. In the 21st century, the country has established a foothold in various markets including the mobile phone, automobile, semiconductor and steelmaking markets.

Economy 62

Economy Online and Mobile Banking FinTech Governance 62

Clearly Payments

NOVEMBER 6, 2024

This market includes a range of services and technologies that facilitate the acceptance, authorization, and settlement of payments across various channels, including online, in-store, and mobile. They require secure systems like point-of-sale (POS) terminals , online checkout gateways, or mobile payment solutions to process payments.

Process 95

Process ISOs Credit Cards Online and Mobile Banking 95

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

JANUARY 20, 2021

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms.

Debit Transaction 52

Debit Transaction Transactions Debit Card Security 52

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. In fact, a time capsule sealed today, with a prediction of what Dec.

Real Time Payments 55

Real Time Payments Online and Mobile Banking Payments Contactless Payments 55

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. deadlines always seem to slide.

AML 52

AML Authentication Finance OCC 52

FICO

FEBRUARY 1, 2021

At the risk of stating the obvious, we can likely all agree that the pandemic has significantly accelerated the adoption of online and mobile banking. Without such investments, organizations continue with their favored channels for contacting delinquent customers, phone, letter, and voice mail. Keeping an Active Dialogue.

Online and Mobile Banking 68

Online and Mobile Banking Advisors Risk Audit 68

PYMNTS

DECEMBER 12, 2019

We are moving beyond public pilot — this has now become a continuous rollout,” Sanford told Webster. 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.”. 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

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. But so far, mobile B2B payments have been slow to take off.

Commercial Card 84

Commercial Card Online and Mobile Banking Payer B2B 84

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

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

JANUARY 21, 2021

For credit unions (CUs), the digital trends that accelerated in 2020 amid the pandemic will gain even further traction this year. The digital trend, she continued, is one that will last and — and one that CUs will have to adopt in order to compete more effectively with banks. The Trend Toward Mobile. Data Analytics.

Credit Union 96

Credit Union Online and Mobile Banking Contactless Payments Use Case 96

Finovate

OCTOBER 10, 2024

ANNA, a small business banking and tax app for SMEs, has implemented biometric re-authentication strategies to fight fraud. based ANNA made its Finovate debut at FinovateEurope 2020 in Berlin. came online this week. ” ANNA made its Finovate debut at FinovateEurope 2020 in Berlin. .

Authentication 59

Authentication Procedures Push-to-Card Online and Mobile Banking 59

Fintech News

SEPTEMBER 10, 2024

Their growing popularity has spurred continuous financial innovation, such as the rise of buy now, pay later (BNPL). In 2023, BNPL arrangements represented 4% of e-commerce transaction value, a significant increase from the mere 1% in 2020. million registered users. Digital inclusion may also help MSMEs achieve sustainability.

Cross-Border Payments 105

Cross-Border Payments Cross-Border APACS Interoperability 105

PYMNTS

JULY 23, 2020

While COVID-19 may be a driving force behind more members becoming accustomed to banking online and utilizing new solutions for transactions, it is expected that they will continue to operate in these new channels and with these new products moving forward,” said Denise Stevens, senior vice president, chief product officer at PSCU.

Online and Mobile Banking 60

Online and Mobile Banking Credit Union Push-to-Card Volume 60

PYMNTS

APRIL 24, 2020

Some banks have shuttered their branches during the pandemic and are relying on digital or mobile channels to fulfill customer needs, but others do not have that option. Business is not continuing as normal, however. Twenty-five percent of all U.S. Shifting In-Branch Operations. British FI Nationwide U.K. Several U.K.

Technology 99

Technology ATM Online and Mobile Banking Credit Union 99

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. First name. First name. Company Name. Phone number. Source: PwC.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

PYMNTS

JULY 17, 2020

Mobile card apps went from nifty to necessary when the darkest imaginings of last March had people picturing COVID-19 on every surface, suspended in every breath. PYMNTS’ July 2020 Building a Better App Playbook , done in collaboration with Ondot , focuses on the rise of credit and debit usage amid the pandemic’s backdrop. percent.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card Credit Cards Consumer 60