The Fintech Times

FEBRUARY 21, 2024

In fact, nearly three in four consumers (73 per cent) rank good fraud protection as a top three consideration when opening a new account according to FICO research. It reveals at what point consumers decide to stop their onboarding process due to complicated measures. Consumers expect the application process to be fast.

Consumer 122

Consumer Security Identity Theft Account Takeovers 122

Fintech Finance

SEPTEMBER 17, 2024

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced that Affirm is now available to eligible users checking out online and in-app with Apple Pay on iPhone and iPad. After choosing Affirm, they will go through a quick eligibility check that will not impact their credit score.

Checks 95

Checks Payment Networks Authentication Privacy 95

Fintech Finance

JANUARY 22, 2025

The app, which boasts a 39%+ share of checkout in Sweden, is the Swedish consumers preferred way to pay. We know that consumers want to see payment methods they recognise when visiting e-commerce sites, explained Rosanna Helm-Visscher, Global Head of Partnerships, Ecommpay.

Multifactor Authentication 96

Multifactor Authentication Alternative Payment Methods Payments Global Payments 96

National Processing

JULY 26, 2024

National Processing Check 21 vs ACH: Key Differences and Which One Fits Your Business A merchant or business trying to decide the best electronic payment processing system may be interested in the differences between Check 21 and ACH.

Check 21 88

Check 21 ACH Checks Electronic Payment Processing 88

Fintech News

FEBRUARY 4, 2025

As fraudsters adapt to security measures and consumer awareness, it is crucial to examine the most prevalent fraud types, their impact on both consumers and businesses, and the measures necessary to counteract them. Phishing continues to be one of the most prevalent scams affecting both consumers and businesses.

Fraud Prevention 93

Fraud Prevention Phishing Authentication Disputes 93

Fintech Finance

NOVEMBER 21, 2024

The report also uncovered the challenge many consumers face with using retail credit at Christmas, with 64% of people struggling to repay it, suggesting that many enter the New Year burdened by new debt. These checks often lack the granular, real-time insights into income and expenses that lenders need to assess customers fairly.

Credit Cards 95

Credit Cards Assessments On-Demand Rules 95

Payments Dive

MAY 29, 2024

Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D.

Debit Card 174

Debit Card Credit Cards Checks Research 174

Fintech Finance

NOVEMBER 3, 2024

Affirm , the payment network that empowers consumers and helps merchants drive growth, has launched its flexible and transparent pay-over-time options in the UK. Affirm underwrites every individual transaction before making a real-time credit decision and only approves consumers following an assessment that evidences their ability to repay.

Consumer 98

Consumer Economy Regulatory Compliance Payment Networks 98

Fintech Finance

FEBRUARY 24, 2025

Klarna will be automatically enabled as a default option in the Nexi check-out offering, allowing merchants to drive incremental revenue growth thanks to the added-value and flexibility that Klarna brings to shoppers. This partnership is a win-win for all, merchants and consumers alike.”

Online and Mobile Banking 96

Online and Mobile Banking On-Demand Facilitators AI 96

NFCW

JANUARY 23, 2025

The launch follows news from Qualcomm that the mobile chipset giant is actively working to add support for ultra high frequency Rain RFID tag reading to mobile devices, initially for the enterprise market and later also for mainstream consumer devices.

Contactless Payments 113

Contactless Payments Non-Bank On-Demand Bank Card 113

Fintech Finance

NOVEMBER 5, 2024

John Lewis’ customers can now choose to check out with Klarna’s interest-free Pay in 3 product allowing shoppers to spread the cost of their purchases over 60 days. This year, high street icons such as Argos, Habitat, Boots and WHSmith joined Klarna as more and more consumers turn to interest-free BNPL.

BNPL 98

BNPL Payment Networks Finance AI 98

Stax

MARCH 27, 2025

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). Checks can bounce, and cash can get lost. EFT and ACH offer more security and convenience than cash and checks, but they also come with limitations.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

Fintech Finance

DECEMBER 6, 2024

The Mastercard Payment Passkey Service streamlines e-commerce and revolutionizes the consumer journey. Mastercards research shows that 90% of consumers worldwide believe biometrics are more secure and convenient than passwords. Upon successful authentication, the transaction is completed.

Visa 98

Visa Authentication Scams Payments 98

The Fintech Times

APRIL 4, 2025

Commenting on this, Morgan added: With rumours having also floated around that the Chancellor could make changes to cash ISA limits, its even more important that consumers dont let their savings sit idly and ignore this year’s deadline. Last-minute rush?

Checks 40

Checks Research Continuity FinTech 40

The Fintech Times

NOVEMBER 24, 2024

There has been a clear shift towards fintech solutions when consumers are shopping. Roughly 25 per cent of consumers haven’t used a traditional checking or savings account in the past year. The survey also highlights that credit card debt is a top financial burden for many consumers.

BNPL 72

BNPL Alternative Payment Methods Credit Cards Payments 72

The Payments Association

NOVEMBER 8, 2024

Check out our latest case study. The end result is happier consumers, happier merchants, and greater revenue for PAYSTRAX. This includes Verifi Order Insight, Ethoca Consumer Clarity, Visa CE 3.0 This is a monumental achievement as it means happier consumers and increased revenue. Want to learn how?

Disputes 88

Disputes Value Added Service Regulatory Compliance Acquirers 88

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes 97

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 97

Fintech Finance

NOVEMBER 22, 2024

The company checks a consumer’s eligibility before approving each purchase and provides a clear installment plan with friendly reminders to help shoppers keep on top of their payments. Now consumers can spread the cost of their tech essentials without paying record high interest to the big banks.”

BNPL 96

BNPL Technology Credit Cards AI 96

Finovate

JANUARY 15, 2025

“Our goal is to simplify lending processes, turning them into a seamless, hassle-free acquisition tool for credit unions, while providing consumers access to an array of local financing options and all the great benefits of credit union membership,” Union Credit Co-Founder and CRO Barry Kirby said.

Credit Union 104

Credit Union Origination API Finance 104

Fintech Finance

SEPTEMBER 4, 2024

Visa today announced that it is applying the company’s infrastructure, technology and capabilities to account-to-account (A2A) payments, giving consumers more control and protection on how they pay via bank transfers. This affects consumers, businesses and the wider UK economy.

Consumer Protection 96

Consumer Protection Consumer Payments Disputes 96

Clearly Payments

NOVEMBER 13, 2024

Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks.

Process 104

Process Processors Payments Compliance 104

Fintech Finance

JANUARY 9, 2025

The 2024 holiday shopping season shattered records, with consumers spending $1.2 With economic pressures still weighing on consumers and word spreading on social media of how to exploit the dispute process, the temptation to misuse chargebacks has grown, and merchants must act quickly to protect their Golden Quarter revenue.

Returns 96

Returns Posting Disputes Identity Theft 96

The Payments Association

FEBRUARY 14, 2025

These changes aim to enhance consumer protection by ensuring that customer funds are adequately safeguarded. Regular audits and compliance checks : Firms will face enhanced monitoring and reporting under the proposed policy. Education : Educating consumers about stablecoins is important for driving adoption.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Stax

JULY 9, 2024

In 2019, 77% of US consumers were using at least one type of digital payment system. What has grown more significantly is the number of electronic payments and alternative payment methods consumers now use. The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Fintech Finance

APRIL 2, 2025

Customers checking out on Eurostar.com can now choose Klarna’s Pay in 3, allowing them to split the cost of their ticket into three equal, interest-free payments, or Pay in Full for a seamless one-time transaction. Eurostar has changed the way we travel between the UK and Europe—now Klarna is changing the way we pay for it.

Payments 72

Payments Checks On-Demand AI 72

The Fintech Times

NOVEMBER 2, 2024

Pay.UK , the independent, not-for-profit operator of the UK’s national retail payments system, is expanding ‘Confirmation of Payee’, significantly bolstering protection for UK consumers against Authorised Push Payment (APP) fraud and misdirected payments. billion checks as of September 2024 and conducting over 2.1 million checks daily.

Payee 59

Payee Faster Payments Transactions Checks 59

Fintech Finance

DECEMBER 11, 2024

This reduction in processing time is a huge leap forward for legal firms struggling with time-consuming manual financial checks. The partnership has delivered remarkable operational improvements, cutting SoF verification from weeks to an average of 4 days, with 65% of reports returned within 48 hours.

Laws 98

Laws Transactions FinTech Legal 98

Fintech Finance

DECEMBER 20, 2024

WIth PalmPay now available as a payment method, shoppers on Jumia will now be able to pay for their purchases with the option to check out with their PalmPay wallet, ensuring a seamless user experience and transaction reliability through the direct integration.

Digital Payments 96

Digital Payments FinTech Economy Checks 96

The Payments Association

JANUARY 8, 2025

The payments industry in 2025 will see advancements in real-time payments, AI tools, and voice-activated technologies reshaping consumer and business interactions. Key payment trends in fintech for 2025 The payments landscape will continue becoming more diverse and consumer-focused.

Non-Bank 88

Non-Bank Real Time Payments Instant Payments Payments 88

Fintech Finance

MARCH 18, 2025

Many businesses today still rely on paper checks to disburse funds. However, according to the ACI Speedpay Pulse 2024 Report, consumer preference for digital payment channels is trending upward, with more than 75% of Americans preferring digital transactions.

Payments 52

Payments Venmo Embedded Payments Reconciliation 52

Finovate

MARCH 25, 2025

Trek partnered with Gr4vy to power an online-to-offline payment experience, offering consumers accurate inventory checks and simplified checkout. When it comes to buying bicycles and cycling accessories, consumers often prefer a shopping experience that takes place in multiple channels.

Payment APIs and Integration 59

Payment APIs and Integration Fraud Prevention BNPL Alternative Payment Methods 59

Finovate

MARCH 12, 2025

“We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan, all in a matter of minutes. .”

Acquirers 95

Acquirers Duplicate Close Processes Finance 95

Clearly Payments

JANUARY 15, 2025

Customer Expectations In 2024, around 82% of American consumers preferred to pay by card, digital wallet , or other electronic means, according to a Federal Reserve survey. Address Verification Service (AVS) Fees What It Is: AVS is an extra layer of fraud protection that checks the billing address entered by the customer.

Process 105

Process Processors Gateways Push-to-Card 105

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This growth is driven by increased adoption of digital payment methods, evolving consumer behavior, and an expanding e-commerce sector.

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

Fintech Finance

MARCH 20, 2025

Tink has hit the merchant milestone through its direct payments partnerships with merchants and by working with leading PSPs, such as Adyen, who have integrated Tink’s Pay by Bank solution into their checkout interfaces so it is available to their merchants and end-consumers.

Payment Service Provider (PSP) 59

Payment Service Provider (PSP) Payments On-Demand Instant Payments 59

VISTA InfoSec

MAY 24, 2024

This is where the Payment Card Industry Data Security Standard (PCI DSS) comes into play, serving as a crucial framework for safeguarding sensitive information and protecting both businesses and consumers from the ever-present threat of cybercrime. It is done to check if the card data is secure and there are no data leakages.

PCI DSS 243

PCI DSS Small Business Assessments Compliance 243

Fintech News

JANUARY 26, 2025

This shiftis not merely a matter of convenience; it is emblematic of an increasingly complex convergence between state-of-the-art technology, consumer desires for seamlessness, and the regions particular socio-economic landscape. In 2023, credit card payments comprised 52.2% of all cashless transactions in Japan.

Payments Trends 124

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 124