Open Banking Excellence

JANUARY 9, 2024

The world of payments is undergoing major change Fast-paced technological progress is disrupting the market rapidly. This is leading to a golden age of choice for businesses, who now have access to the cost savings and customer-centric capabilities that a new wave of Open Banking-powered payment products can deliver.

Payment APIs and Integration 130

Payment APIs and Integration Payer Online and Mobile Banking Authentication 130

Stax

NOVEMBER 6, 2023

Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

The Fintech Times

AUGUST 13, 2024

Seamless Africa 2024, set to take place on 16 to 17 October at the Sandton Convention Centre in Johannesburg, will bring together over 6,000 industry professionals, 250 exhibitors as well as 200 speakers to explore advancements in payments, fintech and banking across Africa.

Innovation 64

Innovation FinTech Online and Mobile Banking Central Bank 64

FICO

MAY 8, 2020

Security and Authentication in a Digital World. Any new authentication methods as a minimum, must offer a suitable level of security and be acceptable to those that use them. Advancements in mobile phones has put a wealth of technology at the fingertips of most people. They simply don’t do the job – so what happens next?

Authentication 83

Authentication Security Online and Mobile Banking Ubiquitous 83

Stax

APRIL 18, 2024

According to Forbes , “mobile payments are increasingly being used by U.S. shoppers as customers become more comfortable with the technology.” Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

The Payments Association

OCTOBER 4, 2024

However, as the industry evolves in a rapidly shifting financial and technological landscape, it faces numerous challenges driven by technological advancements, regulatory shifts, changing consumer expectations and demands, and emerging security threats. Traditional card issuers and networks must adapt or risk obsolescence.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

PYMNTS

SEPTEMBER 8, 2020

Mitek , which provides software and authentication services, said it has upped its game with its release of Mobile Deposit 4.8, a mobile banking app. Its Mobile Deposit solution has been licensed by more than 6,400 financial institutions. Premier” checking account customers.

Mobile Banking 52

Mobile Banking Mobile Deposit Online and Mobile Banking Authentication 52

The Fintech Times

MARCH 14, 2024

Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. With an internet penetration rate of 73 per cent , Filipinos are increasingly leveraging online platforms for a range of activities, from social interactions to shopping and entertainment.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

EBizCharge

MARCH 12, 2024

With the boom in eCommerce, adopting ways of paying online is vital to healthy cash flow. Businesses that accept online payment methods can streamline the purchasing process for their customers and expand their reach to new audiences. What are the best ways to accept payments online?

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

The Fintech Times

JUNE 8, 2024

Moneyhub , the UK-based data and payments platform, has launched its new account verification service, powered by open banking, to enable better payment security utilising bank-level security controls (including PSD2 SCA) and biometrics.

Verification 59

Verification Accounts Payment APIs and Integration Online and Mobile Banking 59

PYMNTS

OCTOBER 7, 2020

Higher volumes of consumers are continuing to shop online even as brick-and-mortar stores reopen. The expansion of digital banking and payments has also contributed to a rise in cybercrime — 32 percent of consumers noted in one study that they had been the targets of COVID-19-related fraud, for example.

Verification 89

Verification Identity Theft Online and Mobile Banking Authentication 89

Fintech Finance

SEPTEMBER 9, 2024

It requires a multifaceted approach that leverages technology, system innovations, evolving regulations and education through continued industry collaboration,” said Donna Kinoshita, Chief Payments Officer at Payments Canada. Fraudulent charges on their bank or credit cards (20%). Making an online or in-app purchase (13%).

Online and Mobile Banking 97

Online and Mobile Banking Scams Credit Cards Payments 97

PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Bottomline Rolls Out Open Banking Service. Airwallex Taps Deutsche Bank.

FinTech 110

FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

PYMNTS

DECEMBER 2, 2016

It’s an inescapable trend for banks: Corporate clients want to be able to have the same convenient ways of banking that they already have access to in their consumer lives. Among the tallest is how to make mobile corporate banking services secure. For a $0.99

Online and Mobile Banking 61

Online and Mobile Banking Authentication Compromise On-Demand 61

PYMNTS

JANUARY 26, 2018

Sometimes eCommerce retailers need to verify a customer’s identity at checkout, but the authentication process often leads to lost sales. Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. Not a New Concept.

Authentication 66

Authentication Visa Regulations Online and Mobile Banking 66

Fintech News

SEPTEMBER 18, 2024

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. For example, Visa has been using AI-based technology for risk and fraud management since 1993. of e-commerce payments in 2022 to 4.4%

APACS 115

APACS Stablecoins Alternative Payment Methods BNPL 115

PYMNTS

JANUARY 30, 2017

APS financial is making changes to its mobile banking services. banking technology firm announced last week that, following feedback from both its SME and consumer clients, APS introduced greater mobile functionality for its suite of online banking solutions.

Online and Mobile Banking 46

Online and Mobile Banking Mobile Banking Authentication Economy 46

The Payments Association

OCTOBER 3, 2024

Traditional banks must modernise their entire tech stack, from card management to backend systems, to stay competitive with fintechs and meet evolving consumer expectations. How can traditional banks survive and thrive in a world dominated by fintech challengers and shifting consumer expectations?

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

Clearly Payments

OCTOBER 7, 2024

Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. Consumers quickly embraced mobile wallets and tap-to-pay cards, driven by the desire to minimize physical contact during transactions.

Cross-Border 94

Cross-Border Processors Multi-Currency Contactless Payments 94

PYMNTS

JANUARY 31, 2018

In online banking, 40 percent abandonment is … intolerable. As many as four in 10 consumers have at some point in their journey into online banking found the process frustrating enough to give up, as estimated by Signicat. In life, 40 percent of anything is a lot. And the frustration level has grown.

Online and Mobile Banking 61

Online and Mobile Banking Push-to-Card Money Laundering AML 61

FICO

AUGUST 24, 2020

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile deposits are so easy!”.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Fraud Detection 52

M2P Fintech

JANUARY 3, 2024

Core Banking Solution (CBS) promises a transformative leap for banks. It ensures banking functions are fully digital and compliant with modern banking standards. Migrating from Legacy Systems Transitioning from legacy to modern core banking platforms is a complex task.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Regulatory Compliance 59

Tearsheet

JULY 1, 2024

The evolution in payment technologies and experiences is directly impacted by changes in consumer preferences, particularly among younger generations. To explore these changes and their potential impact on businesses, I spoke with Thomas Priore – CEO, Priority , a company specializing in integrated payments and banking solutions.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

PYMNTS

JULY 1, 2019

There is a growing need for stronger authentication methods as the number of attacks continues to climb. Modern customers are much more likely to grow frustrated by lengthy processes and switch to other banks, after all. Biometrics and the Benefits for Security .

AI 75

AI Authentication Online and Mobile Banking Verification 75

PYMNTS

APRIL 30, 2019

The Development Bank of Singapore (DBS Bank) announced on Monday (April 29) that it would do away with physical tokens for users of its corporate online banking platforms. Users must register their mobile devices to have push notifications sent, which will allow employees to validate any login to their corporate accounts.

Online and Mobile Banking 51

Online and Mobile Banking Authentication Mitigation Transactions 51

The Fintech Times

DECEMBER 21, 2023

Today we hear insights from payments experts, including the adoption of tap-to-pay technology, the role of blockchain and AI in payments, flexible payment terms, security in authentication methods, PSD3 implementation, vertical-specific solutions, and the rise of digital wallets.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

PYMNTS

MAY 9, 2019

So it is with banking, and with fraudsters and their victims, where attacks leverage weak points inherent in existing technology and processes. The access lets the bad guys steal identities and drain bank accounts. The shift toward mobile banking done across phones also carries with it the promise of financial inclusion.

Online and Mobile Banking 40

Online and Mobile Banking ATM Authentication Verification 40

PYMNTS

APRIL 21, 2020

Financial institutions (FIs) are among the entities that are working to securely meet clients where they are through mobile and online channels to complete tasks that would more often be completed in person. The technology is available at bank branches and remotely via mobile and its website.

Verification 121

Verification Accounts Online and Mobile Banking CHIPS 121

Fintech News

AUGUST 26, 2024

This isn’t merely a story of technological adoption. It’s a tale of a cultural shift, governments and innovators working in tandem, and millions leapfrogging traditional banking to embrace a mobile-first approach to finance. The region’s robust technological infrastructure and high smartphone penetration rates underpin all this.

APACS 115

APACS PCI DSS Push-to-Card Online and Mobile Banking 115

The Fintech Times

JUNE 13, 2024

When shopping online, a failed payment can be enough to abandon a cart altogether. Tokenisation unlocks a plethora of use-cases and benefits, such as helping turn everyday technology, like phones and cars, into commerce devices. According to Juniper Research , losses from online payment fraud is forecasted to exceed $91billion by 2028.

Visa 69

Visa Online and Mobile Banking Card Issuer Issuers 69

PYMNTS

JUNE 4, 2019

According to a report in The Financial Times , the new rules, which require more verification for online payments of more than €30 and go into effect in September, require big changes to processes and technology at retailers, banks and payment groups. The new rules are aimed at reducing fraud. That could result in lost sales.

Risk 66

Risk Online and Mobile Banking Rules Verification 66

PYMNTS

JUNE 8, 2020

The new coronavirus led many financial institutions (FIs) to close or limit the hours of operation of their brick-and-mortar branches amid stay-at-home orders, in effect making digital platforms the only option for many consumers to interact with their banks. Around The Digital Onboarding World.

Online and Mobile Banking 62

Online and Mobile Banking Mobile Banking Verification Accounts 62

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space.

Security 55

Security Online and Mobile Banking Authentication Breach 55

PYMNTS

SEPTEMBER 4, 2019

In eCommerce and mobile banking, friction is a four-letter word, an interruption and annoyance — even a speed bump — on the path to transactions and getting things done. Consumers are becoming savvier about the protections available to them to help safeguard identities as they interact with banks or merchants, Singh said.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Mobile Banking Breach 44

PYMNTS

SEPTEMBER 18, 2019

Mobile and online banking providers have been upping their fraud protection measures over the last decade, making it more difficult for bad actors to rely on some of the schemes that previously worked in such channels. Banks need to think of their fraud strategies as items that are constantly changing, Venturo explained.

Identity Theft 78

Identity Theft Online and Mobile Banking AI Non-Bank 78

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.

Payment Security 85

Payment Security Security Authentication Online and Mobile Banking 85

PYMNTS

OCTOBER 15, 2018

According to the International Monetary Fund, banks and FIs could lose as much as $100 billion to cybercrime every year. Both solutions provide increased fraud protection to online transactions made via debit or credit cards. Now, banks and merchants are looking to adopt the service’s next generation: 3DS 2.0. Mobile movements.

Security 66

Security Online and Mobile Banking Authentication Transactions 66