PYMNTS

SEPTEMBER 20, 2018

In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer? As ePayables have emerged as an option in the commercial realm, Yarbrough noted that a virtual card can solve problems for both buyers and suppliers. The Friction Points Hindering Adoption.

Void 76

Void Checks Push-to-Card Rules 76

PYMNTS

AUGUST 13, 2020

consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost 50 percent when talking about millennials. Consumers [want] electronic access to their funds that is easily accessible and frictionless.”.

Checks 81

Checks Direct Deposit Payroll Push-to-Card 81

PYMNTS

NOVEMBER 16, 2020

It was developed to provide an alternative to the current transaction models, including checks. It takes consumer data to make PIX work. He said existing instruments will have to live together to allow consumers to decide what works best for them. Real-time payments continue to gain traction around the world.

Real Time Payments 131

Real Time Payments Wire Transfer Push-to-Card Credit Cards 131

Finovate

JULY 23, 2024

A partnership between Featurespace and OrboGraph will help banks and other financial services companies defend themselves against check fraud. Many consumers, especially younger consumers, have abandoned paper checks. Many consumers, especially younger consumers, have abandoned paper checks.

Checks 64

Checks Fraud Detection Financial Crimes Crime 64

PYMNTS

OCTOBER 8, 2020

Consumers love the opportunity to get paid instantly when they can. But with innovation comes risk — and anything that consumers use will always attract fraudsters looking to steal a cut of the action. . There is nothing Venmo can do to stop a consumer from willingly sending their money to a crook,” Edwards said. .

Instant Payments 122

Instant Payments Stop Payment P2P Payments 122

PYMNTS

OCTOBER 21, 2016

And there’s the paper check — a 1.0 Checks have a long and frequently complained about history of being both slow and costly — a friction-filled paper-based payments method. It may be a three week end-to-end process, but every enterprise is set up to pay by check – and every consumer knows how to cash one.

Push-to-Card 79

Push-to-Card Debit Card Instant Payments Payments 79

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. get the 86-page fintech report.

Debit Card 71

Debit Card Checks Accounts FinTech 71

PYMNTS

AUGUST 5, 2019

Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living. And the death of checks – sooner rather than later.

Checks 65

Checks Instant Payments Online and Mobile Banking Irrevocability 65

PYMNTS

DECEMBER 1, 2016

Consumer Payments Study. While this year’s findings highlight the strides the industry and consumers have made towards digital payments, they also underscore how existing behaviors and patterns remain very much intact. Consumers still love their cash. That’s the key takeaway from the sixth year of TSYS’ U.S. Cash Holds Steady.

Consumer 77

Consumer Innovation Payments Issuers 77

Fintech Finance

JANUARY 12, 2024

Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets.

Issuers 92

Issuers Visa Push-to-Card Online and Mobile Banking 92

PYMNTS

MAY 6, 2020

But it will take a mindset shift on the part of merchants and consumers — and a return of foot traffic to the stores, of course. As Platko said, the data show that consumers are willing to try something different when it comes to payments, chiefly to avoid touching things. As Webster noted, consumers like their cards.

Consumer 87

Consumer Contactless Payments Push-to-Card Payment Networks 87

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Real time is getting ever closer to prime time.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

Open Banking Excellence

MARCH 5, 2024

While new regulations will help push the market in the right direction, it is already in banks’ hands to make Open Banking work and allow their customers to share their financial data and tap into the benefits that Open Banking creates, says Stacey Wilkinson, API Growth Manager at NatWest. That’s going to be quite hard to shift,” says Wright.

Innovation 147

Innovation Payment APIs and Integration Push-to-Card Use Case 147

PYMNTS

SEPTEMBER 23, 2020

Consumer engagement has become a very different ballgame for financial institutions (FIs) in the past several months, as the physical branches that were the cornerstone of making connections with customers closed down. More generally, financial institutions are now in the position of having the highest [level of U.S.

Online and Mobile Banking 113

Online and Mobile Banking Push-to-Card Point-of-Sale (POS) Debit Card 113

PYMNTS

OCTOBER 14, 2020

Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. Using digital push payments can also help add security to B2B transactions, thanks to the cybersecurity measures that can be grafted into these processes.

Instant Payments 103

Instant Payments Treasury Treasury Management Payment APIs and Integration 103

PYMNTS

OCTOBER 20, 2020

In an interview with PYMNTS, Scott Young , VP of Innovation at PSCU , noted that in the changing consumer environment, digital and mobile banking are “table stakes,” but credit unions (CUs) must be conscious of how member payment preferences are evolving. Stepping Up On Credit . More Comfort Online .

Credit Union 107

Credit Union Online and Mobile Banking Push-to-Card Debit Card 107

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. This trend towards digitization is already starting to play out as fintechs circumvent banking licenses by partnering with issuing banks to offer checking account-like products.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

AUGUST 11, 2020

Apple has added a new one-click payment option to its online store for users of the Apple Card , according to a 9to5Mac report. That means users can use ApplePay to check out more easily. Those using the card can now check out by just clicking the option for the Apple Card when buying something through the Apple online store.

Push-to-Card 81

Push-to-Card Credit Cards Checks Addressing 81

PYMNTS

DECEMBER 16, 2020

Government agencies fall among the cohort of institutions that need to disburse funds with more speed than usual, but they’re tasked with sending stimulus checks and business loans to the financially vulnerable, making the stakes higher for those who fail to quickly respond to these pandemic-driven changes.

Government 93

Government Governance IRS Push-to-Card 93

PYMNTS

NOVEMBER 18, 2020

Delivering funds smoothly to employees in different nations is therefore essential, and it may require firms to migrate from paper checks to digital tools, especially those that suit the needs of employees who do not have bank accounts. Around The World Of Smarter Payments.

Mobile Payments 88

Mobile Payments Distributed Ledger Technology (DLT) Payroll Online and Mobile Banking 88

PYMNTS

JANUARY 18, 2021

There have also been shifts in how customers pay for goods and services, with s ocial distancing policies making contactless transactions essential and pushing consumers toward payment methods such as bank transfers and digital wallets. Each company’s risk management approach must therefore be tailored to its specific business needs.

Treasury 127

Treasury API Best Practices Risk 127

PYMNTS

NOVEMBER 3, 2020

The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — assuming it arrives at all. Clearly, paper checks aren’t cutting it anymore. To paraphrase the movie “Top Gun” … “We feel the need … the need for speed.” We’ve evolved.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

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. This collaboration has resulted in the launch of Codat’s new Supplier Enablement API product, designed to increase virtual card usage, with J.P. Stephen Markwell, J.P.

B2B 59

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

PYMNTS

OCTOBER 23, 2018

Consumers go on a lot of different types of digital journeys in a day — they might shop online, do some banking, move funds between accounts, do some light online browsing. The context is important, because of course the services offered to the consumer vary by use case,” Schulte noted. Tapping Into Personalization. The problem?

Consumer 74

Consumer Online and Mobile Banking Transactions Push-to-Card 74

PYMNTS

APRIL 21, 2020

For many AP teams, the paper check has presented immediate challenges with staff no longer able to step into the office to print and send checks (and no one on the accounts receivable end to accept them). Visa Enables Commercial Push Payments For KyckGlobal. Just which payment rail they will migrate to, however, remains unclear.

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

OCTOBER 5, 2020

In a nutshell: Companies (and even consumers) “hire” goods or services to get where they want to go, to make progress, to satisfy goals. The great digital shift is upending B2B payments , pushing them away from the age-old reliance paper checks toward digital options. Beyond The Safety Factor . Size-Agnostic Ripple Effect .

B2B 137

B2B Payment APIs and Integration Payments Push-to-Card 137

PYMNTS

OCTOBER 2, 2020

The underlying theme, of course, is the realization that consumers increasingly want more control over (digital) payments (today, done in a more touchless manner) and have ever-higher and rising expectations, according to McCarthy. On the B2B side, we’re (slowly but surely) moving beyond the age of the paper check. “If to go public.

Push-to-Card 110

Push-to-Card Payment APIs and Integration Issuers Payments 110

PYMNTS

DECEMBER 3, 2020

The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. The Value Proposition.

Treasury 89

Treasury Visa Digital Payments Debit Card 89

PYMNTS

OCTOBER 10, 2019

Real-time payments are currently among the hottest trends and topics in the payments industry — a source of significant investment and regulatory attention, as financial institutions and other players strive to meet consumer demand for faster money movement. Common forms of pull payments, meanwhile, include debit cards and paper checks.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

PYMNTS

APRIL 17, 2020

As of today, consumers nationwide are facing levels of uncertainty that have no historical parallels. Unemployment filings have set records and consumers are deeply concerned about their futures. It is a lot of small things that happen through these rough patches that help consumers stay calm rather than run off in a panic. “It

Credit Union 63

Credit Union Consumer Push-to-Card Contactless Payments 63

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept.

Credit Cards 99

Credit Cards Visa Credential Push-to-Card 99

PYMNTS

FEBRUARY 5, 2020

And even if it doesn’t quite make it over the trillion-dollar milestone, consumer spending will certainly get within striking distance – which attests to the fact that in the U.S. During the Black Friday and Cyber Monday shopping events and beyond, consumers were increasingly turning to buy now, pay later (BNPL) solutions in the U.S.

Consumer 57

Consumer BNPL Credit Cards Push-to-Card 57

PYMNTS

AUGUST 20, 2020

Though the great consumer shift to digital is often seen as a side effect of the COVID-19 pandemic, that’s not entirely accurate, Mike Cowen , Mastercard ’s head of digital payments for the U.K., For a certain segment of the consumer and merchant population, that digital shift was already well underway pre-COVID.

Visa 95

Visa Push-to-Card Credential Credit Cards 95

PYMNTS

JANUARY 7, 2020

By creating new divisions, the company may be training a brighter spotlight on its consumer banking efforts. Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. If you can’t beat ’em, join ’em — at least when it comes to reporting structure.

Consumer 53

Consumer Push-to-Card Credit Cards Continuity 53

PYMNTS

APRIL 27, 2020

The first waves of $1,200 (for individuals) or $2,400 (for couples) and $500 checks (per child), for taxpayers, started hitting bank accounts earlier in the month. The first waves of $1,200 (for individuals) or $2,400 (for couples) and $500 checks (per child), for taxpayers, started hitting bank accounts earlier in the month.

Blockchain 108

Blockchain Tax Refunds IRS Fed 108

PYMNTS

JANUARY 7, 2020

By creating new divisions, the company may be training a brighter spotlight on its consumer banking efforts. Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. If you can’t beat ’em, join ’em — at least when it comes to reporting structure.

Consumer 52

Consumer Push-to-Card Credit Cards Continuity 52

PYMNTS

SEPTEMBER 18, 2018

18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a single card that could be used by consumers to purchase things on credit from many different merchants. Sixty years ago today (Sept.

Global Payments 103

Global Payments Credit Cards Push-to-Card Payments 103