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. COVID-19 in many key regards bears an uncanny resemblance to a bad dinner guest. percent, dropping 52.3

Push-to-Card 82

Push-to-Card Consumer Innovation On-Demand 82

PYMNTS

DECEMBER 30, 2020

Connected-economy companies led 2020’s surprisingly successful roster of U.S. initial public offerings, with hot firms like Airbnb and DoorDash going public at valuations that collectively topped $120 billion. Grocery delivery app Instacart reportedly recently chose Goldman Sachs to lead its upcoming IPO. Then shares soared 85.8

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

The Fintech Times

SEPTEMBER 14, 2024

These economies have since developed into fully advanced nations. This became the key factor in driving industrial growth in next-generation smart machinery, Asian Silicon Valley, biotech and pharmaceuticals, green energy, national defence, new agriculture and circular economy.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

SEPTEMBER 28, 2020

Liu noted COVID-19 has fueled the push towards cashless payments as consumers avoid the use of cash and plastic cards. And with the Olympics pushed back to 2021, we can expect the Japanese government to continue to invest in mobile payment technology as part of its measures to keep the games safe,” Liu added. “And

Mobile Payments 80

Mobile Payments Push-to-Card Payments Economy 80

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 133

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 133

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

PYMNTS

DECEMBER 30, 2020

If there’s a word that captures the state of financial services in 2020, it’s “acceleration.” At Mastercard , Executive Vice President of North America Products and Innovation Jess Turner told Karen Webster in a recent discussion, the rapid acceleration has been pushed by what consumers both wanted and needed more than ever.

Consumer 112

Consumer Visa Faster Payments Instant Payments 112

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

FICO

DECEMBER 9, 2019

Debts in the UK, including credit card debt and personal loans, rose 11% to £119bn in the two years to March 2018, according to the ONS. Now, what does 2020 promise on the C&R front? Creditors have a lot to grapple with.The SSM Risk Map for 2020 still has NPLs in the mix, especially the execution of strategies to deal with the NPLs.

Risk 52

Risk AI Non-Bank Push-to-Card 52

PYMNTS

NOVEMBER 12, 2020

The year 2020 has been big for “un” words: unprecedented, unknown, unforgettable and (of course) unending. I think there are a lot of things that 2020 taught us for sure,” Kress said. “We We learned resilient businesses were the ones that knew how to adapt to the new consumer needs [and] all the new commerce contexts.

PayPal 73

PayPal Economy BNPL Consumer 73

PYMNTS

DECEMBER 9, 2019

By all accounts, Cyber Monday was a great day for commerce in America. Prior to the all-day digital shopping festival, analysts had predicted it would surpass $9 billion. When the results were in and tabulated by Adobe, those expert predictions held, as Cyber Monday brought in $9.2 This was an increase over 2018’s growth of 77.42

PayPal 52

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

The Fintech Times

SEPTEMBER 25, 2024

Since 2020, interest in CBDC potential across the globe has skyrocketed. In May 2020, only 35 countries were exploring the idea of a CBDC at all. Less than five years later, 66 countries are now in the advanced phase of exploration – development, pilot, or launch.

CBDC 75

CBDC Digital Currency Central Bank Privacy 75

PYMNTS

NOVEMBER 30, 2020

Consumers, it seems, need additional incentives to get the vaccine, above and beyond immunity to the virus that locked us all indoors all year and seems to be making a concerted effort to cancel Christmas in 2020. The number of COVID-19 patients in U.S. hospitals reached record levels on Saturday evening (Nov.

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

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

PYMNTS

DECEMBER 23, 2020

It’s been a wild ride in 2020, and something of a strange one for 5G, which was the subject of an early conspiracy that blamed the technology for the global COVID-19 outbreak. These things have all turned out to be essential, which has really pushed network operators into expediting some of their planning.”.

Push-to-Card 111

Push-to-Card Technology SWIFT Continuity 111

PYMNTS

APRIL 21, 2020

Leavitt said the current climate presents the opportunity for B2B payments volume to shift to the card rails, while enabling businesses to access much needed credit at the same time. Visa Enables Commercial Push Payments For KyckGlobal. Just which payment rail they will migrate to, however, remains unclear.

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

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. That's the part that is giving people pause, and 2020 has only accelerated that aversion to holding debts.”.

Push-to-Card 73

Push-to-Card Payments Credit Cards Checks 73

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

AUGUST 6, 2020

And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster. First, Japan’s younger generation is becoming a larger part of the consumer economy and demanding a change to digital to match their tech-friendly habits. The Shifting Japanese Market.

Digital Payments 85

Digital Payments Payments Push-to-Card Economy 85

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. By contrast, debit- and credit-card use only increased by 24 percent to $204 billion during the same period.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 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. By contrast, debit- and credit-card use only increased by 24 percent to $204 billion during the same period.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

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

AUGUST 13, 2019

India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said. The pilot is to see how the system would work.

Push-to-Card 51

Push-to-Card Non-Bank Credit Cards Government 51

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 1, 2020

He’s watched as customers all over Africa have en masse shifted away from a cash economy to rely on the mobile devices in their hands. He’s watched as customers all over Africa have en masse shifted away from a cash economy to rely on the mobile devices in their hands. Those questions have been answered. . No one calls this eCommerce.,”

Push-to-Card 113

Push-to-Card Payments Consumer Digital Payments 113

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. Then, just when everyone was really making money again, along comes COVID-19, wiping out the economy yet again, and within recent living memory no less. My Money, My Way.

Credit Cards 54

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

PYMNTS

JANUARY 25, 2021

The COVID-19 pandemic of 2020 has required the world’s governments to make some incredibly difficult trade-offs, including weighing preserving public health, personal liberties and the ability for people to earn a living and run their businesses. Unsurprisingly, most of the world has prioritized public health. But we could be doing more.

Small Business 62

Small Business Payments Push-to-Card Risk 62

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

JUNE 18, 2020

The last few years, he said, have changed the game in terms of Visa’s ability to give digital payments a nudge by giving acquirers and issuers an ability to reach both consumers and merchants without the need of either a card on one side of the transaction, or a terminal on the other. VisaNews (@VisaNews) June 15, 2020.

Digital Payments 72

Digital Payments Payment APIs and Integration Push-to-Card Payments 72

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

PYMNTS

JULY 14, 2020

Those declines were pushed largely by JPMC’s hard-hit consumer banking segment, where revenue fell 26 percent to $5.1 Those declines were pushed largely by JPMC’s hard-hit consumer banking segment, where revenue fell 26 percent to $5.1 Card sales volumes are down, but have been consistently trending upward since April,” Dimon said. “We

Volume 65

Volume Credit Cards Non-Bank Push-to-Card 65

PYMNTS

DECEMBER 3, 2020

After the year we’ve seen so far, uncertainty is probably just about the last thing the retail segment wants as a holiday present for 2020. Piatt said a sudden spike in concerns about finances pushed consumers to appreciate the kind of spending control that debit offers.

Credit Cards 84

Credit Cards Push-to-Card Contactless Payments Returns 84

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

JULY 29, 2020

He said that includes the addition of direct deposit, an increase in businesses taking payments through the platform and the planned launch of a Venmo card later this year. The world has moved to a digital-first economy and I don’t think there is any going back,” Schulman said.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

MARCH 4, 2020

They are getting funding through credit cards, family and friends, community, other networks – whatever it takes,” noted Kereere. “I In advance of the holiday, Visa has released findings from its second annual State of Female Entrepreneurship report, which paints an interesting (if mixed) picture of its eponymous topic.

Economy 72

Economy Push-to-Card Credit Cards Small Business 72

PYMNTS

MARCH 4, 2020

In one interview, Sherri Haymond, Mastercard’s executive vice president of digital partnerships, noted that the payment giant’s network evolutions can be traced from its original focus on banks and card products. MoneyLion [has been] playing a part in facilitating ‘instant everything,’” Choubey said. Pairing for success.

Visa 61

Visa FinTech Push-to-Card Financial Inclusion 61