Payments Dive

MARCH 17, 2022

The share of consumers planning to use mobile phones to pay their taxes increased over last year, while the portion preferring to pay by check declined, according to a survey from payments firm ACI Worldwide.

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Checks IRS Consumer Payments 144

Payments Dive

JUNE 3, 2024

Consumer payments are becoming more embedded, and commercial payments are slowly moving away from checks, says a top payments executive at Accenture.

Payments Trends 78

Payments Trends Consumer Payments Checks 78

EBizCharge

JULY 23, 2024

Unexpected expenses and insufficient funds can result in returned checks, leading to hefty fees and significant financial challenges. Therefore, businesses should understand the costs associated with returned checks to optimize their financial planning. What is a returned check fee?

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Returns Checks Electronic Funds Transfer (EFT) Direct Deposit 52

Payments Source

NOVEMBER 18, 2020

While most payment firms consider checking a time-consuming expensive relic for business transactions, one San Francisco-based fintech is going the opposite direction by adding checks to its digital platform.

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Checks Transactions FinTech Consumer 123

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

Payments Source

SEPTEMBER 3, 2020

Business-to-consumer payments are rapidly shifting to digital channels, replacing paper checks with a variety of instant-payment methods for gig work and corporate reimbursements.

Checks 121

Checks Digital Payments Instant Payments Innovation 121

Finovate

JULY 24, 2024

We’re more than halfway through 2024 so there’s no better time for a trends temperature check to determine what we should be paying attention to throughout the second half of the year. Photo by Tara Winstead The post Temperature Check on 4 Fintech Trends in 2024 appeared first on Finovate.

Checks 59

Checks FinTech Embedded Finance CFPB 59

PYMNTS

SEPTEMBER 17, 2020

“Pandenomics” may usher in a new age for mobile check capture and deposits. In fact, we might not go back to the bank in person at all unless we have to, say, sign and notarize a mortgage document or cash a (paper) cashier’s check. Does Growth In Mobile Texts Portend Growth In Mobile Checks? We never will.

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Checks Mobile Deposit Duplicate ATM 118

The Fintech Times

AUGUST 15, 2024

Adatree , an Australian open data solution provider, has unveiled a new ‘Insights’ product suite, including Account Verification and Balance Checks, in a move to empower companies in the fight against financial fraud and scams. Insights is compliant with stringent CDR regulations, safeguarding data security and privacy.

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Verification Checks Accounts Scams 59

Neopay

FEBRUARY 29, 2024

Recently, the Financial Conduct Authority (FCA) released its Consumer Duty firm survey findings for Autumn 2023, shedding light on the progress made by firms in implementing the Consumer Duty. At Neopay, we recognise the importance of regulatory compliance and consumer protection.

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Consumer Protection Consumer Compliance Assessments 59

Payments Source

MAY 13, 2020

Lots of consumers are using mobile checking for the first time, so it's important to provide extra help, says Mitek's Michael Diamond.

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Checks Consumer Process Digital Payments 115

The Payments Association

OCTOBER 22, 2024

The FCA’s Consumer Duty and how payments firms must prioritise consumer outcomes in their operations. The FCA’s Consumer Duty represents a shift in how payments firms must operate, seeing consumer outcomes take centre stage in business practices. Consumer Duty implementation improves MI but adds to IT costs.

Consumer 88

Consumer Assessments Compliance Payments 88

PYMNTS

NOVEMBER 13, 2019

Google is planning to launch consumer checking accounts next year in partnership with Citigroup and Stanford University, The Wall Street Journal (WSJ) reported on Wednesday (Nov. Google is still mulling whether there will be fees associated with the checking accounts, he added.

Checks 64

Checks Accounts Consumer Credit Union 64

Payments Source

APRIL 28, 2019

The use of digital payments offers significant savings over check cashing. Payroll cards and public-sector prepaid cards issued for the deposit of government benefits are two of the best known examples, writes Andrew Gillen, vice president for Global Public Sector Payment Solutions for Mastercard.

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Checks Automation Payroll Consumer 79

PYMNTS

NOVEMBER 23, 2020

Even before the pandemic — and the stimulus bills that sent trillions of dollars via check into consumers’ (and not a few fraudsters’) hands — the alarm bells were tolling. that check scams were on the rise. Overall, check fraud is costing banks billions of dollars annually, noted Edwards.

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Mobile Deposit Checks Technology Duplicate 101

Payments Dive

MARCH 21, 2024

Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud. American Bankers Association and the U.S.

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Checks Consumer 78

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 78

Consumer Protection Consumer Payments Disputes 78

Tearsheet

OCTOBER 2, 2024

Morgan have recently announced a partnership aimed at facilitating the transition from checks to digital payments for major banks in the United States. Despite the availability of digital alternatives, approximately one-third of B2B transactions continue to use cash and checks. Codat and J.P.

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B2B Checks Payment APIs and Integration Push-to-Card 59

Fintech Finance

APRIL 16, 2024

Global leader in payment services, Worldline and RiskQuest BV , leading risk consultancy firm in the Netherlands, part of the Zanders Group , have signed a partnership agreement to provide best-in-class credit check processes specific to the Dutch market.

Checks 52

Checks Payment APIs and Integration Credit Risk Risk 52

PYMNTS

OCTOBER 12, 2020

A new checking account from Chase will aid children in getting a head start on banking, a press release says. With Chase First Banking, built in collaboration with Greenlight, parents and kids will be able to work on managing allowances, check off chores and look at spending, the release says.

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Checks Accounts Financial Literacy Debit Card 101

PYMNTS

JANUARY 14, 2021

FinTech startup Marqeta has been tapped by Goldman Sachs to power digital checking accounts for Marcus. Marqeta said that Goldman Sachs “will leverage our modern card issuing platform” to introduce digital checking accounts to Marcus customers, according to a Marqeta blog post on Thursday (Jan.

Checks 82

Checks Payment APIs and Integration BNPL Visa 82

PYMNTS

MAY 21, 2020

To help businesses safely resume their operations, IntraEdge has rolled out its Janus “privacy-first” self-check temperature kiosks, according to an announcement. Regular temperature checks are one piece of the puzzle. Over 25 percent of the consumers PYMNTS studied reported personally knowing someone who had a positive test result.

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Checks Privacy Encryption Procedures 85

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.

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Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 81

PYMNTS

APRIL 27, 2020

The latest round of checks under the massive U.S. The first waves of $1,200 (for individuals) or $2,400 (for couples) and $500 checks (per child) started hitting bank accounts earlier in the month. The last to receive stimulus payments are those who require the IRS to send paper checks, which will take weeks, if not months.

IRS 103

IRS Checks Small Business Direct Deposit 103

PYMNTS

MAY 22, 2020

If you want to know whether stimulus checks are working to rebuild the economy, just ask the world’s largest retailer. Categories like sporting goods and bicycles, fabrics and crafts, toys, the stay-at-home categories, networking [equipment], really took off … definitely we do see a positive impact from the checks.”. Walmart U.S.

Checks 84

Checks Direct Deposit Economy Finance 84

PYMNTS

JUNE 29, 2020

How do you pay those checked employees when, traditionally, you would hand them a physical check at the end of the day?”. With most folks working from home, she said, there has not been anyone around to even physically cut the checks, much less mail them out. As Valdespino said, “The employees don’t want to wait for the check.

Checks 94

Checks Push-to-Card Digital Payments Compliance 94

Payments Source

NOVEMBER 13, 2019

Google has partnered with Citigroup and a California credit union to offer consumer checking accounts, a person familiar with the matter said.

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Checks Accounts Credit Union Consumer 84

PYMNTS

APRIL 28, 2020

The new coronavirus swiftly impacted small- and mid-sized businesses (SMBs) rather harshly, with these entities now struggling to manage remote workers who need to send out paper invoices to suppliers and other business partners attached to checks. Why Macadoodles Still Relies On Paper Checks For Supply Chain Simplicity.

Checks 94

Checks B2B B2C Shutdown 94

PYMNTS

DECEMBER 17, 2020

But some lawmakers are pushing for even larger individual stimulus checks. Meanwhile, economists have warned that to bounce back, consumers will need more than what’s in the current bill. Zandi also questioned the wisdom of cutting state and local aid to fund individual checks. Bernie Sanders (I-VT) and Sen.

Checks 94

Checks Economy Small Business Posting 94

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.

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Debit Card Credit Cards Checks Research 174

Payments Source

JUNE 12, 2019

Long gone are the days when consumers had their Social Security and driver’s license numbers pre-printed on their paper checks for faster identity verification. Consumers now understand that such precious elements of their identity need to be better protected.

Consumer 130

Consumer Social Security Verification Checks 130

PYMNTS

MARCH 18, 2020

During a White House press conference Tuesday, (March 17), Treasury Secretary Steven Mnuchin told reporters of the administration’s intention to get relief funds into consumers’ hands as quickly as possible. We’re looking at sending checks to Americans immediately. Americans need cash now and the President wants to get cash now.

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Checks Government Governance Counterfeit Check 73

The Fintech Times

MAY 22, 2024

The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections. Will BNPL increase the consumer debt burden?

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BNPL Credit Cards Consumer Financial Protection Bureau (CFPB) CFPB 64

PYMNTS

MARCH 13, 2020

While paper checks are increasingly passing into the realm of consumers’ memory, there are certain niches where they have managed to hold on, even as the rest of the world tries rather adamantly to move on. We’ve known for more than 10 years that there are issues with mailing checks, which is why we’ve seen over 4.5

Checks 75

Checks Push-to-Card Visa Payments 75

Payment Savvy

SEPTEMBER 24, 2020

Even though ATMs, mobile banking, and credit card payments are part of our everyday life, some people still write checks. For others, they take advantage of the processing lag-time to give a few extra days to receive the money they are writing the check against. So as a business owner, how should you handle bad checks?

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Checks Credit Cards Legal ATM 52

PYMNTS

AUGUST 10, 2020

These include the investment world, where paper checks are often used to pay out quarterly dividends or other such disbursements. Paper checks’ drawbacks for such payments have been evident for some time as they represent both a time-consuming and costly way to send out disbursements. COVID-19 And The Disappearance Of The Check.

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Checks ACH Venmo Volume 72

The Fintech Times

JANUARY 16, 2024

Ravelin , the fraud prevention provider, has released research revealing that 37 per cent of consumers do not see the issue with taking advantage of loopholes and gaps in retailers’ policies for their own gain. It found that vast numbers of consumers of all ages regularly commit fraud. Large supermarkets are the most at risk.

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Consumer Fraud Prevention Risk Crime 59