Fintech Finance

FEBRUARY 13, 2025

Zelle has announced that in 2024 the network reached 151 million enrolled users and helped American consumers and small businesses send over $1 trillionthe most money ever sent by a person-to-person payments service in a single year. billion, exceeding $1 trillion in annual payments volume for the first time.

Zelle 86

Zelle Credit Union Scams Small Business 86

Fintech Finance

MARCH 6, 2025

By enhancing the shopping and purchasing experience for Chinese tourists in Switzerland, merchants can encourage higher spend, volume and frequency of purchases. At the same time, the WeChat app connects over a billion users, who can share their positive shopping experiences online, inspiring other Chinese consumers to visit.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Consumer Payments Mobile Payments 52

Fintech Finance

NOVEMBER 19, 2024

This enables them to cater to Pakistani consumers’ payment preferences, all while meeting stringent local compliance standards. As more consumers embrace digital solutions, demand is rising for secure, accessible local payment options that connect them to global markets. billion to 6.4 billion in just one year.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Regulatory Compliance Fraud Prevention 98

Fintech Finance

DECEMBER 6, 2024

Consumers have come out in force again this Black Friday, while fraudsters have continued to target bargain hunters. In the UK, Visa saw an 11% increase in transaction volumes on Black Friday 2024 compared to Black Friday 2023. However, as consumers hunted for bargains, fraudsters were also looking for their own payday.

Blocks 98

Blocks Volume Transactions Consumer 98

The Payments Association

JANUARY 13, 2025

Stronger fraud detection and better industry collaboration are needed to protect consumers The Payment Systems Regulator’s (PSR) findings in its December’s Unmasking how fraudsters target UK consumers in the digital age report reveal a stark picture of the growing threat posed by authorised push payment (APP) scams.

Scams 88

Scams Romance Scams Phishing Volume 88

The Payments Association

JANUARY 21, 2025

Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech News

JANUARY 12, 2025

The regions strong fundamentals, coupled with a growing digital economy, promise continued growth and innovation in the coming years, a new report by Royal Park Partners (RPP), a fintech-focused corporate finance advisory firm, says.

FinTech 117

FinTech Financial Inclusion BNPL Cross-Border 117

The Payments Association

MARCH 19, 2025

Transaction volumes are surging, payment methods are diversifying, and businesses are under pressure to adapt. These innovations offer businesses and consumers a way to move money faster, cheaper, and more securely. This approach is time-consuming, inefficient, and highly prone to errors.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

Fintech Finance

NOVEMBER 12, 2024

“The Visa Flexible Credential all started with a simple idea that consumers should easily be able to choose how they want to pay,” said Jack Forestell, Chief Product and Strategy Officer, Visa. consumers with the Affirm Card. The Affirm Card offers consumers a product with the flexibility to pay now or pay over time.

Credential 97

Credential Cross-Border Multi-Currency Online and Mobile Banking 97

Fintech Finance

NOVEMBER 19, 2024

From unauthorised transactions to duplicate charges or service issues, cardholder disputes can swiftly become time- and cost-intensive for back-office teams, especially during peak periods like Black Friday and Cyber Monday, when transaction volumes spike.

Disputes 96

Disputes Consumer Protection Duplicate Transactions 96

PYMNTS

OCTOBER 5, 2020

Americans consume roughly 13 billion quarts of popcorn every year, roughly 30 percent of that at the movies. Well, that was back when theatres were open, before COVID, and going to the movies was a regular part of a consumer’s routine. consumers, as well as the behavior of a sample of Main Street business owners.

Consumer 122

Consumer Volume Continuity Returns 122

Fintech Finance

MARCH 30, 2025

Global analytic software leader FICO ’s analysis of UK credit card payments data from the past six years has revealed that consumers developed healthier credit card p ayment patterns during the pandemic, and those patterns have not fallen back to pre-pandemic levels. Fewer consumers are now paying off less than the minimum due.

Consumer 87

Consumer Credit Cards Payments Payer 87

The Payments Association

DECEMBER 19, 2024

Trust Payments CEO Laurence Booth emphasises the need for payment service providers to move beyond transaction processing, leveraging digitisation and personalisation to deliver seamless, data-driven experiences in an evolving consumer and regulatory landscape. Consumer expectations are evolving rapidly, and merchants are racing to keep up.

Payments 88

Payments Fraud Prevention On-Demand Service Provider 88

Fintech Finance

MARCH 31, 2025

Transaction volume on the EPN ® system, the ACH network operated by The Clearing House Payments Company L.L.C., in 2024, continuing the trend of yearly ACH volume and value growth. ACH commercial volume last year. per year, as businesses and consumers continued to embrace electronic payments.

ACH Network 59

ACH Network ACH Continuity Same Day ACH 59

The Payments Association

NOVEMBER 18, 2024

Von Vonno adds: “ According to Pay.UK, 53% of UK consumers (over 28 million) operate two or more current accounts. Banks should continue to address barriers such as consumer expectations and the need for technology expertise to maintain their competitive edge. billion in 2024. billion in 2024.

FinTech 88

FinTech Online and Mobile Banking Acquirers Fraud Prevention 88

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

Stax

MARCH 13, 2025

A survey by Forbes Advisor also revealed that 33% of consumers prefer to use credit cards as they’re safer than carrying cash. Keep card networks up and running Large, global infrastructures are required to process massive volumes of transactions safely and efficiently. They depend on various factors.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

The Payments Association

DECEMBER 18, 2024

Undoubtedly, fintech and payments will continue to serve as pivotal forces shaping the financial landscape, but what trends will define the market next year? Jeff Parker, CEO, says, “Digital payments will continue to grow rapidly, with mobile wallets expected to reach 4.8 trillion, and to almost triple by 2030.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

The Payments Association

APRIL 8, 2025

Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance. As the payments ecosystem continues to evolve with innovations like open banking, instant payments, and tokenisation, merchants are facing a host of challenges and opportunities.

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88

Fintech Finance

FEBRUARY 5, 2025

Building on our shared long-term commitment to driving continuous innovation and transforming the digital payments landscape, our strategic collaboration with Payrails will reinforce our position as a trusted network that powers the modern digital economy, said Amnah Ajmal , Executive Vice President, Market Development, EEMEA, Mastercard.

Economy 84

Economy Visa Payments Large Merchants 84

Fintech Finance

MARCH 18, 2025

“As the financial industry continues to face rising delinquencies, we are eager to help Prosperity Bank efficiently scale and adapt.” ” Known for its community-focused approach, Prosperity Bank currently operates 285 locations in Texas and Oklahoma from its Houston, Texas headquarters. .

Credit Risk 59

Credit Risk Risk Management Volume Process 59

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

The Payments Association

NOVEMBER 29, 2024

Developed years ago, legacy banking systems are ill-equipped to deal with current fraud volumes. In addition to deflecting claims, the purpose-built chatbot can handle all eligible fraud recovery cases and cardholder disputes related to the consumer protection framework of international card payment networks.

Disputes 88

Disputes Issuers Card Issuer Payment APIs and Integration 88

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

Fintech News

FEBRUARY 10, 2025

Unlike GenAI, which operates within predefined parameters, Agentic AI systems possess the capability to make independent decisions, learn from real-time data, and autonomously execute complex tasks without continuous human oversight. People no longer want to just be handed tools to manage their money.

AI 77

AI FinTech Fraud Detection Fraud Prevention 77

Fintech Finance

JANUARY 30, 2025

Wise’s launch in Mexico is part of the company’s goal of enhancing cross border payments and supporting consumers with world-class financial services. According to a survey commissioned by Wise from Edgar, Dunn & Company (EDC), a global research firm, Mexican consumers are this year alone projected to send over USD 27.9

Multi-Currency 83

Multi-Currency Cross-Border Payments Cross-Border Global Payments 83

Tearsheet

JANUARY 28, 2025

This came with a 27% increase in transaction volume YOY for the firm, showing how quickly the Zelle network is expanding. With Zelle, money is directly received in the bank accounts of consumers who are least able to wait for transfers to process, making it easier for them to pay or get paid, and to access their money almost immediately.

Zelle 52

Zelle Transactions Credit Union P2P 52

PYMNTS

DECEMBER 16, 2020

With eCommerce volume way up for the holiday shopping season, we knew it was going to be a tricky year for gift shipping. Postal Service is publicly stating at the top of its website that it is "experiencing unprecedented volume increases and limited employee availability due to the impacts of COVID-19. Hot Topic Inc., Newegg Inc.

Volume 131

Volume On-Demand Consulting Consumer 131

The Fintech Times

NOVEMBER 6, 2024

Pix has established itself as one of the leading digital payment methods across the globe, and to ensure more countries continue to accept the payment method, Peruvian fintech, B89 has partnered with PagBrasil , the cross-border solutions developer for Pix. This will attract and retain an important consumer segment.

Cross-Border 64

Cross-Border Central Bank Transactions Instant Payments 64

The Fintech Times

FEBRUARY 24, 2025

” Closing the investment gap As consumers are looking for other ways to get their money working for them, Revolut data shows a record rise in the volume of investment accounts being opened across the board. Its early days, but the data shows that men may need to take a leaf out of womens books.

Returns 75

Returns Accounts Volume FinTech 75

Fintech Review

APRIL 4, 2025

Chandler, United States, April 4th, 2025, FinanceWire Fintech company DecisionFi, LLC is expanding its reach into underserved consumer markets with a suite of financing solutions designed for sectors often overlooked by traditional lenders. ” The fintech sector continues to grow, driven by demand for fast, flexible financing options.

Underserved 52

Underserved FinTech Underwriting Finance 52

Finovate

MARCH 25, 2025

“We started Truework to reinvent the way consumer data was collected and processed for maximum security and accuracy,” Truework CEO and Co-Founder Ryan Sandler explained. It has continued to evolve over time, both through internal modeling efforts and the latest external technologies. And it doesn’t work.

Verification 59

Verification Payroll API Underwriting 59

The Fintech Times

MARCH 27, 2025

As well as our business solutions, we now offer services to individual consumers. We saw 2000 per cent growth in personal finance customers across 2024 emphasising the appeal of the personal banking solution to consumers. We are Nigerias largest merchant acquirer, powering most of the countrys Point of Sale (POS) transactions.

FinTech 59

FinTech Financial Inclusion Cross-Border Payments Online and Mobile Banking 59

Fintech Finance

NOVEMBER 12, 2024

and 9% respectively, from September, as financial institution customers continued to enjoy the ease and speed provided by instant payments on the network. These new records continue an impressive trend for the RTP network, which previously set numerous payment volume and value records in each quarter this year. billion, up 6.2%

RTP 97

RTP Instant Payments Real Time Payments Payments 97

The Payments Association

OCTOBER 22, 2024

The FCA’s Consumer Duty and how payments firms must prioritise consumer outcomes in their operations. Payments firms need to close compliance gaps, continuously monitor outcomes, and adapt their strategies, while seeking clearer guidance from the FCA to navigate these requirements effectively. What is this article about?

Consumer 88

Consumer Assessments Compliance Payments 88

Fintech Finance

JULY 10, 2024

Consumers and businesses sent $1 billion in instant payments on June 28 over the RTP® network, a single day record for the largest instant payments system in the United States, operated by The Clearing House. This record setting quarter continues an impressive trend for the RTP network, which previously set numerous records in Q1 2024.

RTP 96

RTP Instant Payments Credit Union Volume 96

Fintech Finance

OCTOBER 17, 2024

the network operator of Zelle® , today announced that the person-to-person payments network helped 143 million consumers and small businesses move nearly half a trillion dollars — $481 billion, up 28% year-over-year in the first half of 2024. Transaction volume on Zelle increased by 27% year-over-year to over 1.7

Zelle 97

Zelle Scams Small Business Enrollments 97