NFCW

OCTOBER 3, 2024

Germany’s EUDI wallet will enable citizens to store their ID card digitally on a smartphone app similarly to how they securely carry their bank card or travel tickets. Whether in everyday life, when applying for jobs, online banking or in contact with authorities, this makes it much easier to prove identity.

Online and Mobile Banking 96

Online and Mobile Banking Cross-Border Privacy Security 96

The Fintech Times

SEPTEMBER 18, 2024

Uzum and Mastercard have launched two free online courses to help Uzbek consumers understand how to conveniently and safely use debit and credit cards. Meanwhile, the share of cashless payments sits at only 33 per cent, according to estimates by KPMG and the World Bank. per cent in 2022. .” per cent in 2022.

Financial Literacy 58

Financial Literacy Visa Online and Mobile Banking BNPL 58

The Fintech Times

MARCH 25, 2024

BKN301 Group , the digital payments and banking-as-a-service (BaaS) provider in the MENA region, has launched its new BaaS Orchestrator solution, aiming to empower fintechs and banks of all sizes, helping them incorporate financial features into their existing value propositions.

Payment APIs and Integration 58

Payment APIs and Integration FinTech Online and Mobile Banking API 58

Fintech Finance

MAY 14, 2024

BKN301 Group , a leading digital payments and Banking-as-a-Service with a focus on EMEA region, unveiled its cutting-edge BKN301 BaaS Orchestrator platform with the objective of radically transforming financial landscape. The BKN301 BaaS Orchestrator connects different core banking systems, payment processors and third-party services.

Payment APIs and Integration 59

Payment APIs and Integration FinTech Online and Mobile Banking Financial Inclusion 59

The Fintech Times

APRIL 22, 2024

Security is failing to keep pace with smartphone utilisation with compromised digital wallets and banking apps leading to growing identity threats, a report has revealed. Its research reveals that 78 per cent use their smartphones for mobile banking, 85 per cent for accessing email, 71 per cent for managing social media and 51 per cent.

Identity Theft 58

Identity Theft Consumer Online and Mobile Banking Monetary Loss 58

Stax

NOVEMBER 21, 2024

Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. Authorization The credit card details captured by your POS or online payment gateway will be sent to your payment processor.

88

88

Stax

AUGUST 29, 2024

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The company also provides a card reader and mobile POS app for free. Read on to find out.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

PYMNTS

FEBRUARY 28, 2018

Mastercard and MegaFon have introduced two joint initiatives that will allow subscribers to link their mobile phone accounts to Apple Pay or Samsung Pay through the creation of a virtual Mastercard card. In addition, the partnership also allows subscribers to create a virtual Mastercard bank card via the MegaFon.Bank app.

Visa 40

Visa Online and Mobile Banking Bank Card Accounts 40

EBizCharge

NOVEMBER 12, 2024

A merchant services provider (MSP) is an intermediary between banks, card networks, and merchants, ensuring smooth and secure transactions between businesses and their customers. It’s important to know what a merchant service provider is before learning which questions to ask to choose the right one for your company.

Service Provider 52

Service Provider MSPS Payment Gateways Debit Card 52

PYMNTS

JULY 28, 2020

The debate about cloud technology’s place in the banking industry has moved beyond whether such platforms can safely transfer and store sensitive financial information. Cloud-based banking technology can help FIs keep up with digitally savvy customers, but banks must realize that no single tool is sufficient to meet their needs.

Technology 56

Technology Online and Mobile Banking SWIFT Innovation 56

The Fintech Times

MAY 26, 2024

Central bank digital currencies (CBDCs), digital money regulated by a country’s central bank, are currently being tested across the world. Yet many central banks have already actioned plans to introduce them. If we cast our minds back to when bank cards were first introduced, we witnessed similar hesitation then too.

CBDC 98

CBDC Central Bank Privacy Stablecoins 98

PYMNTS

SEPTEMBER 30, 2019

PayPal bought a 70 percent stake in the company for an undisclosed amount, and the country’s central bank approved the deal. During trade talks, the United States has been trying to convince China to allow it more market access, and the central bank said that it was going to allow for “equal treatment” for domestic and foreign groups alike.

PayPal 67

PayPal Online and Mobile Banking Central Bank Cross-Border 67

PYMNTS

JANUARY 18, 2019

Bank earnings — taken together, let’s call them a mixed bag. Thus: Some banks bested results, some didn’t. The embrace of such trends by consumers, younger ones, continues apace, and all banks that disclose such metrics reported gains in the digital, online and mobile users. million mobile active users.

Online and Mobile Banking 51

Online and Mobile Banking Volume Point-of-Sale (POS) Debit Card 51

Payment Savvy

JULY 3, 2024

When a customer uses their debit card to make a purchase, the funds are directly withdrawn from their checking account, as opposed to credit card transactions where the funds are borrowed from the issuing bank. Card-Not-Present Transactions Online Debit Card Transactions : Transactions conducted via online platforms.

Debit Card 52

Debit Card Process PCI DSS Processors 52

PYMNTS

MARCH 24, 2016

The world of mobile payments news this week started out in the one region of the world that doesn’t often make much news when it comes to what U.S. companies are doing in mobile commerce: Cuba. Which brought about news from some of the biggest players in mobile payments, like Xoom, PayPal and Western Union.

Online and Mobile Banking 44

Online and Mobile Banking PayPal Mobile Payments Push-to-Card 44

PYMNTS

NOVEMBER 8, 2017

Pundits prophesy a cashless society — and indeed, vast swaths of consumers are migrating to digital and mobile channels for many of their banking needs, as shown by a decline in the number of brick-and-mortar retail bank branches. Millennials are taking a mobile-first approach to banking, driving that transformation.

ATM 50

ATM Online and Mobile Banking Checks Transactions 50

The Fintech Times

JULY 16, 2024

Allied Payment Network , a provider of real-time, open-network payments solutions to banks and credit unions, adds Hank Vanjaria as its new chief financial officer. Sam joined Redwood from the Royal Bank of Scotland in 2020 and has more than eight years’ experience in secured lending and asset finance roles.

FinTech 52

FinTech Online and Mobile Banking Non-Bank Payment Gateways 52

PYMNTS

JUNE 12, 2018

of Somerset, New Jersey that will enable the transportation system to accept mobile payments, open contactless bank cards and a NJ Transit fare card. ” Customers will be able to manage their account, view ride and ticket history, check balances and add value to their cards.

Online and Mobile Banking 50

Online and Mobile Banking Mobile Payments Bank Card Checks 50

Fintech Labs Insights

JULY 21, 2015

Last week I received new credit cards from US Bank and Capital One, both containing microchips to support EMV terminals, the global standard finally rolling out in the United States over the next few years. The Capital One card mailer did a good job doing just that. Here’s what it said: NEW! Recommended consumer messaging.

CHIPS 26

CHIPS EMV Bank Card Chip Cards 26

EBizCharge

AUGUST 12, 2024

Merchant acquirers , also known as acquiring banks, are responsible for setting up and maintaining merchant accounts, allowing businesses to accept payment cards from customers. Card issuers are banks or financial institutions that issue credit cards to consumers. If approved, the merchant completes the sale.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

PYMNTS

JANUARY 9, 2020

Paying tuition used to be a difficult process, and involved exchanging yuan to South Korean won at a bank and then paying the university, noted the report. Although mobile payments are very common in China, simple cross-border transactions are not. It is not known whether it will be available to more universities in the future.

Cross-Border 52

Cross-Border Online and Mobile Banking Card Issuer Mobile Payments 52

PYMNTS

MAY 29, 2020

Consumers want omnichannel banking access so they can easily switch between in-person branch visits, call center services and mobile apps as needed. They might pop into bank branches near their offices to grab cash, for example, then use mobile apps during their subway rides home to check their account activity.

Online and Mobile Banking 53

Online and Mobile Banking Assessments Accounts Duplicate 53

PYMNTS

DECEMBER 12, 2019

The banking platform enables its customers to roll all of their payment and banking cards into a single smart card and app. With this announcement, people using wearables can now pay with any card using Curve. By partnering with wearables, more Curve customers can leave their cash, wallet and cards at home.

Online and Mobile Banking 52

Online and Mobile Banking Participant Bank Card FinTech 52

PYMNTS

FEBRUARY 22, 2019

Mastercard, in an effort to gain entry into the Chinese market, is looking toward a joint venture that may help the card giant get a credit card license in that country. As estimated by Analysys, the value of online transactions through the first nine months of 2018 stood at roughly $18 trillion USD.

Visa 53

Visa Online and Mobile Banking Credit Cards Central Bank 53

The Fintech Times

MARCH 5, 2024

Funding and investments Monzo, the UK digital bank, has raised $430million (£340 million) in a funding round that will boost its expansion plans. Ziglu, the UK personal investment, digital asset and banking platform, appoints Simon McNamara to its board of directors.

FinTech 58

FinTech Online and Mobile Banking Due Diligence Legal 58

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. mobile-first bank accounts.

Debit Card 71

Debit Card Checks Accounts FinTech 71

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank of America reported on Wednesday (Jan. The company recently boosted rates it pays on the accounts, so might we expect more torque in the banking giant’s consumer business?

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

Fintech Finance

APRIL 26, 2024

Users of 14 popular overseas e-wallets from 9 countries and regions can now make payments in Hong Kong using their home apps through Alipay+ , a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International. This covers a population of approximately over 1.2

Cross-Border 59

Cross-Border Cross-Border Payments eWallet Digital Payments 59

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. Developments in EMV, biometric and mobile technologies can be seen in the marketplace, as well as at Money20/20. ” Around the Digital Identity world. About The Tracker.

EMV 80

EMV Online and Mobile Banking Credential Chip Cards 80

FICO

NOVEMBER 26, 2019

Either way, you will need to arrange for a replacement card as soon as possible. Be Safe Online. If you’ve already paid and later become suspicious that you may have been tricked, let your bank know. If your online merchant offers enhanced security features such as step-up-authentication or soft token, please be sure to opt in.

ATM 59

ATM Money Laundering Card Issuer Online and Mobile Banking 59

PYMNTS

JULY 3, 2019

Ahead of the Fourth of July holiday, Google Pay has rolled out mobile support for cards from 13 U.S. Services like Google Pay must come to an agreement with a credit union or bank before they can support a consumer’s debit or credit card, 9to5Google reported. credit unions and banking institutions to its digital platform.

Credit Union 43

Credit Union Online and Mobile Banking Credit Cards Digital Payments 43

PYMNTS

NOVEMBER 28, 2016

Mastercard announced last week that people in South Africa can now use Masterpass, the digital payments service by Mastercard, for purchases at more than 30,000 SnapScan merchants in South Africa via their mobile phones. The transaction is confirmed with the customer’s ATM PIN code or a one-time PIN code that is sent to their mobile phones.

Online and Mobile Banking 43

Online and Mobile Banking Visa ATM Authentication 43

PYMNTS

NOVEMBER 11, 2019

Cryptocurrency companies that previously let customers remain anonymous will have to change their tunes in some countries, as will online gambling sites that provided fast onboarding at the expense of rigorous identity verification approaches. Around The AML/KYC World.

Money Laundering 64

Money Laundering AML Online and Mobile Banking Deepfake 64

PYMNTS

APRIL 6, 2017

Cellum, the mobile transactions solutions provider, announced Wednesday (April 5) at the SMART Conference a new solution aimed at providing financial services to the unbanked and underbanked. Cellum has always been looking for ways to broaden the horizon for mobile payments.

Payment Solutions 40

Payment Solutions Online and Mobile Banking Payments Financial Inclusion 40

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. China’s central bank gave Mastercard the green light on Feb. In fact, more online payments mean merchants have less cash in the till.

Settlement 56

Settlement Visa Online and Mobile Banking Small Business 56

CB Insights

JUNE 5, 2018

In Kenya, anyone with a mobile phone — smartphone or not — can use M-Pesa to send money, pay for things, and access credit. More importantly, users don’t need a credit card, bank account, credit history, or minimum balance to open an M-Pesa account. In contrast, mobile payments in the US have yet to catch on.

Online and Mobile Banking 68

Online and Mobile Banking Debit Card Credit Cards Payment Gateways 68

PYMNTS

APRIL 3, 2018

However, gas stations had to pay merchant fees, so some retailers decided not to take credit cards other than their own store cards. Consumers applied for many oil company cards, and the oil companies began to refuse bank cards,” Economist Lewis Mandell wrote, according to NerdWallet. “In The Co-Branded Card.

Credit Cards 43

Credit Cards Online and Mobile Banking Bank Card Consumer 43