The Fintech Times

AUGUST 22, 2024

Consumers are becoming increasingly careful with their spending and are losing confidence, according to the latest data from analytics firm, FICO , which has published its ‘UK Credit Card Market Report’ for June 2024. But as more consumers spent more of their money, fewer were guilty of late payments. per cent, it is 3.4

Credit Cards 103

Credit Cards Consumer Continuity Payments 103

Bank Automation

OCTOBER 15, 2024

Goldman Sachs is trimming its consumer business in the third quarter, turning its attention to bread-and-butter segments including wealth management, dealmaking and trading. “We In its most recent […] The post Goldman narrows consumer footprint appeared first on Bank Automation News.

Consumer 64

Consumer Automation Continuity Posting 64

Payments Next

OCTOBER 21, 2024

By: Michael Seaman, CEO & Founder of Swipesum Network tokenization is a trending topic in the payments industry, transforming how transactions are The post Network Tokens: Understanding the Technology Transforming Consumer Payments first appeared on Payments NEXT.

Technology 88

Technology Consumer Payments Transactions 88

Payments Dive

OCTOBER 30, 2023

As more merchants accept digital payments for in-store purchases, consumers are moving away from using multiple, single-use payment apps, McKinsey Senior Partner Marie-Claude Nadeau said.

Consumer 173

Consumer Digital Payments Payments 173

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

Payments Dive

MARCH 20, 2024

New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

Fed 166

Fed Consumer Credit Cards Research 166

Finextra

OCTOBER 25, 2024

million consumer and retail fraud incidents in 2024, a 19% rise for the same period in 2023. The Office of National Statistics (ONS) has reported there were approximately 3.6

Consumer 115

Consumer 115

The Payments Association

OCTOBER 14, 2024

Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. Rivero co-founder Fatemeh Nikayin tells Payments Intelligence: “Today’s surge in current account switching is driven by consumers seeking more than just basic banking services.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

Fintech Review

JULY 16, 2024

The concept of open banking originated from regulatory initiatives aimed at increasing competition and consumer choice in the financial sector. Benefits of Open Banking It offers numerous benefits, including enhanced competition, innovation, and consumer empowerment. Consumer awareness is another significant challenge.

Innovation 98

Innovation Consumer API Financial Inclusion 98

Fintech Finance

NOVEMBER 13, 2024

New research from Visa has revealed that two in five (40%) UK consumers would replace everyday personal items with biometrically powered devices – such as replacing their house or car keys with fingerprint access or facial ID. Surprisingly, nearly a third of people over the age of 65 would also make this swap.

Consumer 80

Consumer Crime Research Authentication 80

Finextra

NOVEMBER 20, 2024

While the decline in cash use contnues, new research from NatWest demonstrates its enduring versatility, with three quarters of UK consumers still carrying paper money and coins in case of emergencies.

Consumer 64

Consumer Research 64

Payments Dive

AUGUST 16, 2023

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

Consumer 148

Consumer 148

Payments Dive

MAY 30, 2023

New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase.

Consumer 166

Consumer Research Payments 166

Fintech Finance

OCTOBER 1, 2024

Tink , a Visa Solution, has today launched ‘Merchant Information’ to provide consumers with a more detailed overview of their transactions. Merchant Information will enrich card and non-card transactions, providing consumers with a thorough understanding of their spend.

Transactions 97

Transactions Consumer Non-Bank Fraud Prevention 97

Payments Next

MAY 2, 2024

With The post CCCA could save merchants and consumers over $16B a year first appeared on Payments NEXT. By Jeff Domansky, Managing Editor The Merchants Payments Coalition (MPC) has emphasized the urgent need for Congress to pass the Credit Card Competition Act (CCCA).

Consumer 136

Consumer Credit Cards Posting Payments 136

The Payments Association

APRIL 23, 2024

Initial assessments of the FCA's Consumer Duty show that while financial firms have made positive strides in improving practices for consumer outcomes, further improvements and deeper integrations are necessary. Read more

Consumer 88

Consumer Assessments Compliance Regulations 88

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.

Consumer Protection 59

Consumer Protection Consumer Compliance Assessments 59

Payments Dive

AUGUST 21, 2023

BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.

BNPL 148

BNPL Consumer Risk Regulations 148

Payments Dive

SEPTEMBER 30, 2024

While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.

Federal Reserve 167

Federal Reserve Fed Digital Payments Consumer 167

Bank Automation

SEPTEMBER 12, 2024

AI coupled with an open banking framework provides better access to credit for consumers. The technology presents an opportunity for consumers with limited credit to obtain loans and make payments, Ben Soccorsy, head of data access and business development at Mastercard, said this week during the Finovate Fall event in New York City.

AI 80

AI Consumer Visa Automation 80

Fintech Finance

NOVEMBER 8, 2024

Fidel API’s technology allows retailers to connect directly with consumers through their payment cards, creating a more engaging shopping experience. As consumers continue to seek convenience and personalized experiences, this partnership positions Caruso at the forefront of retail innovation.

API 95

API Innovation Consumer Continuity 95

The Payments Association

JULY 24, 2024

In a rapidly evolving digital landscape, understanding consumer preferences is crucial for staying ahead. Mitto's latest Consumer Communication Preferences Report offers invaluable insights into how consumers want to interact with businesses. Read more Read more

Consumer 88

Consumer Service Provider Payments 88

The Fintech Times

JULY 5, 2024

As the number of people paying for and benefiting from financial advice lessens over time, the lang cat has questioned the success of the FCA’s Consumer Duty regulation, which was introduced to provide better outcomes for consumers. “This is not a criticism of the profession – in fact, it makes complete sense. .

Consumer 69

Consumer Consulting Regulations Research 69

Payments Dive

FEBRUARY 15, 2024

About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.

BNPL 148

BNPL Consumer Fed 148

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

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 89

Consumer Protection Consumer Payments Disputes 89

Finextra

SEPTEMBER 24, 2024

Mastercard today updated its Consumer Fraud Risk (CFR) solution to increase the ways it helps protect consumers from Real Time Payment scams.

Visa 52

Visa Risk Consumer Real Time Payments 52

The Payments Association

APRIL 26, 2024

These are the key findings of Veriff’s Fraud Index 2024, a survey of 1,000 consumers from across the US and the EU that gathered diverse viewpoints across age groups, nationalities and gender. Read more

Consumer 88

Consumer Payments Security 88

Payments Dive

JANUARY 27, 2023

The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.

Consumer 173

Consumer Visa 173

Payments Dive

OCTOBER 16, 2023

In a recent web post, the National Consumer Law Center issued a number of policy recommendations for states seeking to regulate earned wage access companies.

Consumer 117

Consumer Laws Regulations Posting 117

Fintech News

SEPTEMBER 17, 2024

Global neobank Revolut is preparing to enter the Indian market next year, setting its sights on affluent consumers in what is expected to be a major step in its global growth strategy, according to a report by the Financial Times. As a result, Revolut’s strategy is to focus on the top 10-15% of India’s 1.4

Consumer 100

Consumer Multi-Currency Audit FinTech 100

Bank Automation

AUGUST 8, 2024

TD Bank is taking a conservative approach to AI for consumer-facing operations as it taps the tech for back-end efficiencies. “We We are very knowledgeable about the benefits of the AI and what that might bring,” Christopher Fred, head of U.S. credit cards and unsecured lending at TD Bank, told Bank Automation News. “We

AI 72

AI Consumer Credit Cards Automation 72

Finextra

SEPTEMBER 23, 2024

British consumers are less bothered about bank branch closures than those in the US and Europe, according to recently published research.

Consumer 72

Consumer Research 72

Fintech Review

FEBRUARY 13, 2024

However, this rapid growth brings significant regulatory challenges, primarily in balancing the need for innovation with the imperative of consumer protection. Consumer protection is not just a regulatory requirement : it is a fundamental right that must be safeguarded amidst advancing technology.

Consumer Protection 105

Consumer Protection Innovation Consumer FinTech 105