PYMNTS

DECEMBER 9, 2019

Compared to an average day during the study period, Total Payment Volume (TPV) on Cyber Monday was 55.22 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. This was an increase over 2018’s growth of 77.42

PayPal 52

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

PYMNTS

OCTOBER 20, 2020

Many CUs, he said, have seen that members’ spending activity had, until recently, trended toward using debit cards, as the pandemic has heightened fears of financial uncertainty. He noted that credit card payment volume growth rates have remained positive through the last several weeks, at mid-single-digit levels of growth.

Credit Union 107

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

PYMNTS

JULY 2, 2020

Driven by COVID-19 fears and stampeding online, consumers overwhelmed many businesses in 2020 that were unprepared for drastic, sudden eCommerce volume. The COVID-19 pandemic has pushed more consumers to make their day-to-day transactions online. One study found that card-not-present (CNP) transactions rose 29.7

Compliance 89

Compliance Online and Mobile Banking Contactless Payments Regulations 89

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

JULY 29, 2020

Total payment volume rose 52 percent to $37 billion, while active users grew by 8 million to north of 60 million. 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.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

DECEMBER 2, 2020

Consumers are increasingly concerned about protecting their payment details from fraud when shopping online,” according to PYMNTS’ November 2020 Next-Gen Debit Tracker ® done in collaboration with PULSE , a Discover company. Virtual cards are expected to facilitate $1.6 Merchants Align Behind V-Cards.

Debit Card 60

Debit Card Transactions Security Push-to-Card 60

PYMNTS

JANUARY 29, 2020

airlines are cancelling all flights to and from mainland China due to the coronavirus outbreak and Starbucks reported 17 percent mobile order growth in its Q1 2020 earnings report. Starbucks US Order Ahead Volume Hits 17 Pct. in its first quarter earnings for the 2020 fiscal year. Mastercard’s X-Border Volumes Gain 16 Percent.

Bitcoin 52

Bitcoin Transactions Online and Mobile Banking Cross-Border 52

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

JULY 6, 2020

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . These safety and convenience considerations are pushing more consumers to use — and more merchants to enable — contactless and CNP payments. percent of U.S.

Transactions 52

Transactions Card Issuer Push-to-Card Contactless Payments 52

PYMNTS

JULY 23, 2020

The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Denise Stevens, senior vice president, chief product officer at PSCU. As people are exposed to more digital financial experiences, they tend to crave more. It’s that simple.

Online and Mobile Banking 60

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

PYMNTS

DECEMBER 8, 2016

gas station owners to install EMV chip card readers at the pump. And the deadline’s been extended by quite a lot, by three years, from 2017 to 2020. One point of comfort might rest with the fact that Visa has said that fraud rates at the pump are low in comparison to almost all other points of card activity, comprising about 1.3

Chip Cards 66

Chip Cards EMV CHIPS Push-to-Card 66

PYMNTS

AUGUST 31, 2020

A growing group of financial institutions (FIs) are placing themselves at the forefront of the modernization push by engineering disbursements frameworks easily accessed via digital platforms, and which promise to improve the experience for payees and payors alike. “In Underestimating Real-Time Requirements. Overcoming Flawed Perceptions.

Payee 60

Payee Cross-Border Instant Payments Push-to-Card 60

PYMNTS

JULY 3, 2020

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. A Focus on Contactless Commerce.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

FICO

OCTOBER 20, 2020

FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers through its FICO® Benchmark Reporting Service. Our UK Credit Report for August 2020 provides a clear picture of the ongoing impact of COVID-19 on consumer finances. Spend on UK cards continues to increase. Unused credit a concern.

Issuers 52

Issuers Push-to-Card Credit Cards Card Issuer 52

PYMNTS

NOVEMBER 26, 2018

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. These are optimistic observations for an industry where commercial cards have struggled to get off the ground.

Commercial Card 68

Commercial Card B2B Small Business Push-to-Card 68

PYMNTS

DECEMBER 7, 2020

The BBC once reported that the Ikea catalog was the world’s largest publication, with more copies printed than either the Bible or the Quran. “[But] media consumption and customer behaviors have changed, and Ikea is already increasing digital investments while volumes and interest in the catalogue have decreased.”.

Push-to-Card 97

Push-to-Card On-Demand Consumer Consulting 97

PYMNTS

JUNE 17, 2020

The ensuing attack vector known “card testing” is a technique favored by fraudsters, where a series of small purchases are made to mimic valid user behavior before a larger theft is tried. After one of these attacks, businesses are left with lost product and costly chargebacks when the consumer realizes [her] card was stolen.

Fraud Prevention 56

Fraud Prevention Online and Mobile Banking Push-to-Card Fed 56

Clearly Payments

APRIL 9, 2024

These services include checking and savings accounts, loans, mortgages, and investment advice, traditionally delivered through physical branches and traditional channels, however they have been moving more to remote service particularly since 2020 (COVID). The financial services sector is at a pivotal juncture.

Finance 84

Finance FinTech Online and Mobile Banking Payment APIs and Integration 84

PYMNTS

JANUARY 19, 2021

Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. 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

FICO

OCTOBER 7, 2022

As it happens, buy now, pay later (BNPL) breached the $100 billion in mark in 2020 and soared to $157 billion in 2021 , according to FICO partner Worldpay. Even more dramatic, PayPal, a relatively late arrival to the party, saw its BNPL volumes soar 226% year over year. by TJ Horan. expand_less Back To Top. Fri, 10/07/2022 - 14:10.

BNPL 52

BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52

FICO

OCTOBER 20, 2020

FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers through its FICO® Benchmark Reporting Service. Our UK Credit Report for August 2020 provides a clear picture of the ongoing impact of COVID-19 on consumer finances. Spend on UK cards continues to increase. Unused credit a concern.

Issuers 40

Issuers Push-to-Card Credit Cards Card Issuer 40

FICO

JULY 28, 2021

NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% increase in volume and a 10.8% Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too. increase in dollar value over 2019.

NACHA 52

NACHA ACH Scams Account Validation 52

PYMNTS

DECEMBER 12, 2018

Accounts receivable executives told researchers that they anticipate ACH to make up 45 percent of the payments they receive by 2020, while checks will decline to 34 percent. “But it’s about how to get the right payment — and sometimes, we know vendors will never take card.”

Commercial Card 56

Commercial Card ACH B2B Checks 56

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. Virtual card issuance. Business lending and corporate cards. Supporting merchant partner growth. Growing the internet economy.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

JUNE 25, 2020

CEO Brian Bogosian found himself in earlier this year after a meeting where his board approved the eCommerce platform company’s 2020 business plan. In fact, sticky.io’s transaction volume shot up during the pandemic. But that’s exactly the position that sticky.io Bogosian said that sticky.io He added that sticky.io The CEO said sticky.io

Push-to-Card 95

Push-to-Card CRM Product Risk 95

PYMNTS

OCTOBER 31, 2018

Gross merchandise volume reached $22.7 Earlier this year, the eCommerce operator announced its managed payments push, which was implemented on Sept. Customers who’ve been with eBay for relatively long periods have tended to stick with PayPal, eBay CFO Scott Schenkel said during the call, with newer customers preferring credit cards.

PayPal 53

PayPal Payments Credit Cards Push-to-Card 53

FICO

JANUARY 3, 2023

It's a fixed and unyielding lending strategy based on simply increasing back-office capacity to tackle high volumes of pre-set segmentations, strategies, treatments and policies. As economic victims swell the collections queue, do you have the tools you need to differentiate them and apply the correct treatments to different cohorts?

Volume 52

Volume Returns Risk Settlement 52

PYMNTS

APRIL 17, 2020

All over the world contactless payments via contactless cards have exploded over the last couple of years — but in the U.S. All over the world contactless payments via contactless cards have exploded over the last couple of years — but in the U.S. It is fair to say that the U.S. Hopefully it’s an exciting recovery.”. not so much.

Contactless Payments 64

Contactless Payments Push-to-Card Credit Union Underwriting 64

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

JUNE 3, 2020

The virus’s impact has not been solely responsible for this rush to digital, but it has given the trend a push. The virus’s impact has not been solely responsible for this rush to digital, but it has given the trend a push. Online account openings have increased 14.5 percent for community FIs in the U.S.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Volume Mobile Banking 52

FICO

NOVEMBER 3, 2022

Senior Principal Consultant. expand_less Back To Top. Thu, 11/03/2022 - 11:30. Most consumers are likely to suffer some level of financial distress for the foreseeable future. But while the current series of economic shocks may seem "unprecedented", the precedents are there. years it took typical collections customers.

Volume 52

Volume BNPL Agreements Risk 52

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. Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks.

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

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

FICO

JANUARY 13, 2022

At the same time, rising interest rates and continued uncertainty are likely to also push up private sector rents as buy-to-let mortgages become costlier. In September 2020 there were 111 initiatives listed. Many consumers have been paying down debts; outstanding credit card debt decreased 3.7%

BNPL 52

BNPL Non-Bank On-Demand Push-to-Card 52

PYMNTS

JULY 31, 2019

On so many fronts there’s an enormous amount to look forward to over the next few months, including the launch of new services like Apple Arcade, Apple TV+, and Apple Card. After being the majority of Apple ’s revenue since 2012, the iPhone accounted for only 48.3 billion — though EPS fell 7 percent year-on-year to $2.18.

Push-to-Card 52

Push-to-Card Returns Volume Caps 52

FICO

APRIL 8, 2022

A New York Times story about people being tricked into sending money to fraudsters (known in the UK as authorized push payment [APP] fraud ) on Zelle was one of the top stories for several days running, reverberating across news outlets worldwide. Scams Are Front Page News. The Future of Fraud Management: Orchestration. Orchestration.

Scams 52

Scams TPS Non-Bank Zelle 52

PYMNTS

DECEMBER 20, 2019

The year may be winding toward a close and slowing down, but this week the world of payments showed signs of neither as big players seemed to be racing down to the wire to get their big news out before the clock strikes 12 on the 31st and the calendar resets to 2020. for each share. The Consideration represents a 47.5

Interoperability 52

Interoperability PayPal Cross-Border Payments 52