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When a customer uses their debit card to make a purchase, the funds are directly withdrawn from their checking account, as opposed to credit card transactions where the funds are borrowed from the issuing bank.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

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

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

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. Mastercard is working to ensure that every one of our accounts is as digital as the people using them.

Online and Mobile Banking 43

Online and Mobile Banking Visa ATM Authentication 43

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

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. Any merchant that accepts Mastercard payments can accept the Venmo cards.

Venmo 71

Venmo P2P Zelle PayPal 71

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

NOVEMBER 22, 2018

million ATMs across India, per data from the Reserve Bank of India (RBI). These requirements were never anticipated by the industry participants at the time of signing contracts with the banks. In the world of mobile money, competition and competitive advantage revolve around data. The Data Debate — And All Eyes On Competition.

ATM 75

ATM Digital Payments Financial Inclusion Payments 75

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

JANUARY 16, 2020

The deal states that there will be improved access to markets such as insurance, banking and fund management. For example, a deadline that would have lifted ownership caps on the securities industry — spanning brokerages, underwriting and investment banking — is being lifted by April 1, not December, as had been previously planned.

Agreements 53

Agreements Cross-Border Caps Payments 53

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 Digital Payments eWallet 59

PYMNTS

MARCH 30, 2017

Samsung managed to take up most of the oxygen in the mobile room this week — and the big show included the world’s introduction to the new Galaxy phone, Bixby, VR, Samsung Pass, and Samsung Pay’s and Visa Checkout’s partnership to bring Samsung Pay to the online world. The move into the U.K.

Online and Mobile Banking 43

Online and Mobile Banking ATM Law Enforcement Mobile Payments 43

PYMNTS

SEPTEMBER 13, 2018

News came last week that Yves Mersch, who serves as a member of the executive board of the European Central Bank , has advocated for a European card payment system that would challenge entrenched services. The deadline for SWIFT to cut off Iranian banks from the network looms at the beginning of November. One aid for U.S.

SWIFT 40

SWIFT PayPal FinTech Non-Bank 40