Payments Dive

AUGUST 26, 2024

Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.

Credit Cards 179

Credit Cards Federal Reserve Fed Consumer 179

Payments Dive

DECEMBER 3, 2024

With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.

CFPB 170

CFPB Rules Consumer 170

Fintech Finance

JULY 12, 2024

Around 63% of global consumers use international real-time payments (RTPs) services to send money to family and friends and 51% use them only to pay for goods and services, according to the 2024 Financial Services Consumer Survey* conducted by GlobalData , a leading data and analytics company.

Cross-Border 140

Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 140

Fintech Finance

NOVEMBER 19, 2024

State of Credit research from Marqeta , the global modern card issuing platform, reveals that 15% of UK consumers surveyed will use Buy Now, Pay Later (BNPL) this Christmas, aligning with a growing trend towards online shopping where digital and flexible payment options are more readily accessible.

BNPL 98

BNPL Research Consumer End User 98

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

Fintech Finance

NOVEMBER 28, 2024

However, consumers are demanding more flexible options at checkout. Over half (54%) of British consumers choose online payment services such as PayPal, Google Pay and Klarna for online transactions, according to Statista (October 2024).

Consumer 98

Consumer Cross-Border Cross-Border Payments PayPal 98

Fintech Finance

NOVEMBER 25, 2024

Designed to help consumers spread the cost of a large purchase into manageable payments directly at point of sale, HSBC Flexipay will be available to customers of its merchant partners, regardless of whether they have an existing HSBC relationship. For more information visit www.hsbc.co.uk/loans/flexipay

Finance 98

Finance Payment Solutions Consumer Payments 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 96

Consumer Crime Research Authentication 96

The Fintech Times

DECEMBER 19, 2024

This initiative could potentially save businesses and consumers around $260million annually. According to the Commerce Commission, consumers spend approximately $95billion each year using Visa and Mastercard products, while New Zealand businesses incur around $1billion in fees to provide these payment options to their customers. .”

Credit Cards 59

Credit Cards Consumer Visa Contactless Payments 59

Payments Dive

APRIL 3, 2024

The Consumer Financial Protection Bureau received 70,000 card-related complaints from consumers last year, according to a report last week.

Credit Cards 173

Credit Cards CFPB Consumer 173

Payments Dive

AUGUST 8, 2024

Consumer credit card debt delinquencies are also on the rise, particularly among younger consumers, according to a New York Federal Reserve report.

Credit Cards 173

Credit Cards Federal Reserve Consumer 173

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

Payments Dive

OCTOBER 3, 2024

consumers and merchants have been left grappling with card network outages and cash shortages. After the storm ripped through the southeastern U.S.,

Consumer 190

Consumer 190

Payments Dive

OCTOBER 29, 2024

The Consumer Financial Protection Bureau released its final open banking rule this month, leading the payments and financial services industries to begin preparing for a new era in data-sharing.

Rules 190

Rules Payments Consumer 190

Payments Dive

JANUARY 3, 2024

The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.

Laws 187

Laws Credit Cards Consumer 187

Payments Dive

NOVEMBER 27, 2024

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

Credit Cards 158

Credit Cards Federal Reserve Fed Consumer 158

Payments Dive

MARCH 14, 2024

Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.

Scams 183

Scams Consumer 183

The Payments Association

DECEMBER 16, 2024

Whether paying with a credit or debit card, splitting payments across cards, or using alternative financing options, we believe in empowering consumers at the moment of purchase with every payment method possible. 1 As always, consumer trust plays a major role in adoption. 1 As always, consumer trust plays a major role in adoption.

Visa 88

Visa Product BNPL Credit Cards 88

Payments Dive

SEPTEMBER 17, 2023

Small business owners envision a cashless future, according to card giant Visa, even as some legislators move to protect unbanked and underbanked consumers.

Small Business 195

Small Business Digital Payments Payments Consumer 195

Payments Dive

DECEMBER 11, 2023

The network is advancing technologies to let consumers and businesses more easily use its cards, after doubling the number of merchants that accept them over the past five years.

Visa 197

Visa Consumer Technology 197

Payments Dive

MAY 13, 2024

Digital wallets have grown in popularity as consumers have become accustomed to the convenience and flexibility of contactless payments.

Contactless Payments 174

Contactless Payments Payments Consumer 174

Payments Dive

SEPTEMBER 20, 2024

The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.

Real Time Payments 174

Real Time Payments Processors Payments Consumer 174

Payments Dive

MAY 31, 2024

“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

Zelle 172

Zelle Consumer 172

Payments Dive

JUNE 11, 2024

Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.

Federal Reserve 174

Federal Reserve Consumer Payments 174

Payments Dive

JULY 3, 2024

The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?

BNPL 151

BNPL Rules Consumer 151

Payments Dive

OCTOBER 1, 2024

The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

Federal Reserve 173

Federal Reserve Fed Consumer 173

Payments Dive

NOVEMBER 27, 2024

With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.

BNPL 147

BNPL Credit Cards Consulting Consumer 147

Payments Next

DECEMBER 6, 2023

By Michael Engel, Managing Director & VP Software | Banking, Diebold Nixdorf The race to seamlessly integrate financial services into everyday consumer The post Navigating the embedded finance revolution: Strategies for simplifying legacy bank technology first appeared on Payments NEXT.

Embedded Finance 189

Embedded Finance Finance Technology Posting 189

Payments Dive

MAY 3, 2024

“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.

FinTech 167

FinTech Consumer Payments 167

Payments Dive

APRIL 4, 2024

The payments processing giant is providing support to extend the Brazilian instant payments system to merchants and consumers around the world.

Instant Payments 164

Instant Payments Process Consumer Payments 164

Payments Dive

JUNE 3, 2024

Block is working to make its peer-to-peer payments tool, Cash App, a consumer app for interacting with merchants using its Square point-of-sale software.

Blocks 165

Blocks Payments Tools Consumer Payments 165

Payments Dive

SEPTEMBER 8, 2023

“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.

CFPB 183

CFPB Regulations Consumer Payments 183

Payments Dive

APRIL 17, 2024

Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.

Caps 161

Caps Card Issuer CFPB Issuers 161

Payments Dive

MARCH 15, 2024

“We know dangers exist when more powerful players weaponize industry standards,” Consumer Financial Protection Bureau Director Rohit Chopra said in advance of finalizing an open banking rule later this year.

CFPB 161

CFPB Rules Consumer 161