PYMNTS

OCTOBER 30, 2020

Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. The demand for faster payments is ringing louder than ever during the economic downturn.

Faster Payments 59

Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

MARCH 26, 2020

million recipients faster through Direct Express, where Comerica Bank acts as the Treasury Department’s financial agent for prepaid debit cards. million recipients faster through Direct Express, where Comerica Bank acts as the Treasury Department’s financial agent for prepaid debit cards. Growth in Prepaid.

Checks 100

Checks Push-to-Card Direct Deposit IRS 100

PYMNTS

SEPTEMBER 22, 2017

While debit cards have been accessible to small- and medium-sized businesses (SMBs) with business checking accounts, they’re not among the most heavily leveraged tools in the entrepreneur’s toolbox. FastAccess Funding, DeAngelo said, is as easy as providing them with a debit card number. Keeping Integration Easy.

Debit Card 58

Debit Card Push-to-Card Point-of-Sale (POS) Settlement 58

PYMNTS

MAY 6, 2019

Customers, on the other hand, need to be assured that their PII, such as credit card or bank account numbers, will remain safe. . A top goal among payments solutions providers is to make these problems as infrequent as possible — and to do so, many are turning to push payments. . The scenario is reversed for push payments.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Real time is getting ever closer to prime time.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

JULY 2, 2019

Powered by Visa Direct, Visa’s real-time push payments solution, (Instant Transfer) moves money from customers’ PayPal accounts to their bank account via their Visa debit cards — providing an experience that offers speed, security and convenience, 24/7/365,” according to statement describing the launch. Right Timing.

PayPal 79

PayPal Debit Card Push-to-Card Small Business 79

PYMNTS

MAY 5, 2017

When it comes to accessing their money, today’s consumer wants it now, with the push of a button. As they grow bolder with this demand, consumer requirements for speed, simplicity and choice in how they get paid could soon make push payments technology a corporate standard. New Tools on the Block .

Checks 46

Checks Push-to-Card Debit Card Payments 46

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

Payer 67

Payer Real Time Payments Push-to-Card Payee 67

PYMNTS

DECEMBER 10, 2018

It’s the decoupled debit card. Capital One made the headlines then – a genius move, many called it at that time, for an issuer that lacked demand in deposit accounts and had no other way to provide a debit-like offering that would make their brand sticky to consumers. Merchants paid less when they accepted those cards.

ACH 73

ACH Credential Push-to-Card Breach 73

PYMNTS

FEBRUARY 27, 2019

But data shows that what consumers increasingly do want is money pushed to them via the alias known as the debit card. Roughly 84 percent of consumers surveyed prefer the debit card to a mobile phone number or email alias. Millennial consumers probably wouldn’t be so generous. on a scale of 100.

Consumer 53

Consumer Debit Card Push-to-Card On-Demand 53

Fi911

AUGUST 1, 2023

FedNow offers a flexibility that conventional online transfers via the Automated Clearing House (ACH) Network currently don’t provide. ACH transfers, which operate in batch mode, typically require one to three business days for completion. What is FedNow? FedNow is the Federal Reserve’s innovative real-time payment service.

FedNow 52

FedNow Federal Reserve Instant Payments Zelle 52

PYMNTS

MARCH 7, 2019

The companies also said PayActiv partners can offer real-time deposits to employees’ accounts via debit card or reloadable prepaid card, using Visa Direct ’s real-time push payments. It’s a bit of a blanket approach, governed by the rule of the two-week payroll cycle, batch payments and ACH.

Payroll 80

Payroll Push-to-Card Debit Card Economy 80

PYMNTS

JUNE 14, 2018

But there is one benefit of paper checks that cards and even ACH aren’t able to provide sellers: a mitigated risk of chargebacks. The company provides checking and debit services that bypass card and ACH rails in order to limit merchants’ exposure to chargeback risk.

Checks 40

Checks Risk Gateways Push-to-Card 40

PYMNTS

JULY 6, 2020

The FinTech supports a number of different disbursement methods — all digital — for clients searching on its site for loans outside of the PPP program, including automated clearing house (ACH), debit card push payments, wire transfers and disbursements to PayPal-supported online wallets.

Authentication 58

Authentication Automation ACH Wire Transfer 58

PYMNTS

JANUARY 21, 2019

The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses. It flew in on Dec. 14, the Friday before the week before Christmas, so you might not have noticed.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JULY 27, 2020

Banks missed out on the first big wave of digital payments, but they don’t have to miss out on the next, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation. The entire [digital payments] industry ends up being created outside the banks on products that should have been developed by them,” Edwards said.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

PYMNTS

JANUARY 3, 2020

According to a study by Aite Group , most student loan tuition payments are made via electronic check (ACH), followed by debit cards, which are favored by millennials and Gen Yers everywhere. In Q3 2019, credit card issuer JCB International Co., The writing is on the whiteboard: School’s out for paper payments.

Faster Payments 52

Faster Payments Payment APIs and Integration Payments Push-to-Card 52

FICO

SEPTEMBER 9, 2021

Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment. Let’s begin with our discussion with CBA’s David Pommerehn.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Reg E ATM 52

PYMNTS

AUGUST 3, 2016

Ninety percent of the $10 trillion “push” payments market opportunity is concentrated in a variety of disbursements made between businesses and consumers that today rely on cash, checks and ACH to move money between those parties. including payments to non-Visa branded debit cards as well.

P2P 50

P2P Debit Card ACH Ubiquitous 50

FICO

NOVEMBER 30, 2022

By convincing individuals to send money through apps like Venmo, CashApp, Zelle and others, or adding a payee for traditional ACH transactions, fraudsters are perpetuating what is known in the financial industry as Authorized Push Payment (APP) fraud (in the UK) or authorized user fraud (in the US). FICO Admin. by Debbie Cobb.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

PYMNTS

JUNE 3, 2020

As the report noted, “[online] bill payments currently made to providers and payers via automated clearing house (ACH), check and debit cards are particularly likely to be replaced by real-time methods by 2022.”. Pushing Past Paper. For many, it’s very difficult. Real-Time Payments Get Healthy.

Faster Payments 63

Faster Payments Payments Checks Push-to-Card 63

PYMNTS

MARCH 15, 2019

However, even as the use of cash declines, there is mounting evidence that it’s not going anywhere, whether it be the ongoing political backlash to the concept of a cashless retail economy or merely the realization among many consumers that using cash instead of credit cards is a better way to keep from sinking into debt. Cash is a survivor.

Push-to-Card 54

Push-to-Card Cash Management Debit Card Credit Cards 54

PYMNTS

MAY 3, 2017

While there are plenty of tools that make it easier to get money deposited into a bank or debit card account, there aren’t many that make it easier to ask your friends or co-workers to cough up the cash when you pick up the tab after a night out. The most recent statistics from NACHA found that ACH transaction volume jumped by 5.3

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

PYMNTS

MAY 11, 2020

Credit and debit transfers have been especially popular in Europe for sending funds to winners, for example. The latter manages Direct Express, the Fed’s electronic payment system under which Comerica Bank “acts as the Treasury Department’s financial agent for prepaid debit cards,” according to PYMNTS reporting.

Online and Mobile Banking 52

Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 52

PYMNTS

NOVEMBER 1, 2017

billion Mastercard and Maestro-branded cards worldwide. Security, Partnerships And Pushing For A More Digital World. He also noted the firm’s recent push to forge partnerships, particularly with PayPal , which has seen the implementation of Masterpass through Braintree to “broaden our digital acceptance footprint.” As of Sept.

Visa 49

Visa Push-to-Card Volume Same Day ACH 49

PYMNTS

NOVEMBER 1, 2017

billion Mastercard and Maestro-branded cards worldwide. Security, Partnerships And Pushing For A More Digital World. He also noted the firm’s recent push to forge partnerships, particularly with PayPal , which has seen the implementation of Masterpass through Braintree to “broaden our digital acceptance footprint.” As of Sept.

Push-to-Card 45

Push-to-Card Visa Volume Same Day ACH 45

PYMNTS

OCTOBER 24, 2017

The company announced that going forward, borrowers using OnDeck’s SMB lending marketplace will be able to collect their funds via their debit cards in real time. The company announced that going forward, borrowers using OnDeck’s SMB lending marketplace will be able to collect their funds via their debit cards in real time.

Debit Card 40

Debit Card Push-to-Card Same Day ACH Small Business 40

PYMNTS

JUNE 21, 2017

Consumers who accept that invitation then can choose to pay in a variety of ways, credit card, debit card or ACH payments. “We We have found that no one really pushes back on that,” Abell said. So we dove in. I wanted to find out if I was the only one experiencing this type of pain.”. The Go-To Solution.

Venmo 65

Venmo P2P Payments Credit Cards 65

Stax

DECEMBER 20, 2023

This is where merchant underwriting comes in—merchant account underwriters check if new merchants meet the guidelines set by the bank and card brands. A merchant account is a kind of commercial bank account that is necessary for any business that wants to accept any type of electronic payment such as those made via credit and debit cards.

Underwriting 88

Underwriting Process Payment APIs and Integration Enrollments 88

PYMNTS

AUGUST 3, 2017

Accounts payable company MineralTree just gave a big show of support for commercial cards when it announced this week it is partnering with American Express (Amex) to offer companies an integrated platform to support supplier payments via virtual commercial card. But the hurdle of card adoption persists.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

PYMNTS

JULY 27, 2017

billion, said the firm, with acquisitions, mostly via VocaLink, accounting for two percentage points of that growth, as management said on the call that the deal allows the company to offer both card and bank-based payment solutions. Total card count stood at 2.4 billion; analysts had seen $1.1 Gross dollar volume transactions were $1.3

Visa 40

Visa Consumer Cross-Border Push-to-Card 40

PYMNTS

MARCH 14, 2017

PYMNTS: How do push payments differ from faster payments? PYMNTS: Why are instant push payments a better solution to meeting the need for faster payments? DE: Payment card networks already have the rails in place to offer instant payments. PYMTS: Can you describe the market opportunity for push payments?

Consumer 40

Consumer Push-to-Card Gateways P2P 40

PYMNTS

JANUARY 1, 2019

The need is widespread, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation , and the call for faster and instant disbursements has come in loudly from enough corners to dub 2018 as the “Great Awakening” of push payments. Progress Points.

Instant Payments 79

Instant Payments PayPal Payments Economy 79

PYMNTS

JANUARY 3, 2020

Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. That number is even higher (nearly 62 percent) when counting people who received an instant disbursement, like ACH , from government or other sources in 2019.

Instant Payments 60

Instant Payments Payments Push-to-Card Ubiquitous 60

PYMNTS

NOVEMBER 14, 2019

And pointing to separate data from Legal Trends, Clio said 50 percent of legal services clients say they are more likely to hire a lawyer if they accept electronic payments — and 40 percent say they wouldn’t hire a lawyer who didn’t accept credit or debit cards. The Power of Data. ” APIs’ Opportunity.

Laws 40

Laws API Payment APIs and Integration Legal 40

PYMNTS

JANUARY 24, 2019

When looking at the latest edition of the PYMNTS and Hyperwallet Gig Economy Index , there are some familiar trends. According to the data, 35.9 percent of workers participate in the gig economy, and about two-thirds source their gigs via digital marketplaces. percent reported still having a full-time job. Marrying Receiving Money To Using Money.

Payments 69

Payments Economy Instant Payments Push-to-Card 69