Finovate

JULY 17, 2024

Percent Best Anti-Fraud/AML Solution Credit Union of Colorado ING Turkiye JP Morgan AWM Mastercard Worldpay Best Back-Office/Core Services Solution FINBOA LoanPro Mastercard Cybersecurity Mitek Systems Taktile Zafin Best Banking-as-a-Service Provider B4B Payments Colendi Grasshopper Bank North Bay Credit Union Pathward, N.A.

Credit Union 122

Credit Union Visa AI Embedded Finance 122

Fintech Finance

DECEMBER 10, 2024

More than nine million adults were declined credit last year in the UK, highlighting the increasing need to reassess how creditworthiness is determined and how credit is dispensed. With the UK’s unsecured consumer credit market valued at 232 billion, there is a great opportunity for responsible, innovative and ethical solutions.

Innovation 52

Innovation Consumer Credit Risk Risk Management 52

PYMNTS

SEPTEMBER 15, 2017

As Phase 2 for debit transactions gets underway, the movement represents an option to transition to the two same-day windows now in place for credit transactions. With same-day debit , Larimer said, “consumers know their true balance faster.” 42 million | Same-day ACH credit transactions between Sept.

Same Day ACH 52

Same Day ACH ACH NACHA Credit Transaction 52

Fintech News

SEPTEMBER 17, 2024

Covering four of the largest retail payment markets in APAC, namely Japan, India, Singapore, and Australia, the report examines the key trends around cost, consumer behavior, and regulation in each of these jurisdictions.

APACS 107

APACS Regulations Caps Real Time Payments 107

PYMNTS

JANUARY 6, 2021

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

Tearsheet

APRIL 22, 2024

Expanding on last year’s announcement, the recent development marks the official [consumer] launch of the service with inaugural partners PayPal, Venmo, and DailyPay. An OCT [Original Credit Transaction] operates as a push payment, where the payment service provider pushes funds directly into the cardholder’s account.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

PYMNTS

FEBRUARY 1, 2021

Namely, it will continue to be a favored payment method among consumers. The study found that 18 percent of financially insecure consumers used BNPL when purchasing online, and a little over 11 percent used it in-store. But buy now, pay later (BNPL) options are gaining some traction.

Issuers 82

Issuers Debit Card BNPL Point-of-Sale (POS) 82

Fi911

JULY 19, 2024

List of Visa Chargeback Reason Codes: By Category Visa chargeback reason codes are divided into four main categories: Fraud, Authorization, Processing Errors, and Consumer Disputes. It includes fraudulent transactions, account takeover, and identity theft. Incorrect Transaction Code 12.3: Canceled Recurring Transaction 13.3:

Disputes 92

Disputes Duplicate Non-Bank Authorization 92

PYMNTS

APRIL 23, 2019

In technology, especially when it comes to consumer-focused technology, Apple is viewed as a disruptive force. Apple gets its shine from the fact that, per BV, it “makes innovation accessible, and uses its brand to viscerally connect with its consumers and establish a new normal. A New Normal?

Issuers 80

Issuers Credit Cards Payments Card Issuer 80

PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8 million transactions that totaled $5.9

Same Day ACH 54

Same Day ACH ACH Direct Deposit NACHA 54

PYMNTS

JANUARY 14, 2021

“This year’s holiday shopping season was dramatically different from prior years as the COVID- 19 pandemic continues to impact and shift consumer behavior,” Glynn Frechette , senior vice president, Advisors Plus at PSCU, said in the announcement. 27 in the retail goods space among the organization’s owner credit unions were up 26.2

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

SEPTEMBER 9, 2020

Buy now, pay later (BNPL) options have made a strong showing internationally in recent months as consumers shift both their buying and spending habits in response to COVID-19 and the resulting worldwide economic downturn. LazyPlus is a testament to our efforts in that direction.

BNPL 68

BNPL PayPal Consumer On-Demand 68

PYMNTS

SEPTEMBER 14, 2018

This impressive growth demonstrates that businesses and consumers are choosing to use ACH payments.”. One key factor responsible for the growth is a 24 percent increase in internet-initiated transactions, which include bill payments and account-to-account transfers, making up 27 percent of ACH Network volume. In addition, close to 1.5

NACHA 49

NACHA ACH Same Day ACH Volume 49

PYMNTS

MAY 18, 2020

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. Spending behaviors have also changed, with credit card-not-present (CNP) transactions comprising 51.3

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

OCTOBER 30, 2018

Strength in global consumer spending — along with double-digit cross-border gains and traction in B2B payments — marked third-quarter Mastercard results released Tuesday (Oct. The company said that gross dollar volume, which is the total dollar volume of transactions processed, reached $1.4 and beyond. billion, up more than 14.7

B2B 71

B2B Visa Cross-Border Volume 71

PYMNTS

JANUARY 30, 2020

Drilling down into the payments volume, and as shown in supplemental materials from the company, total credit transaction volumes were $1.3 The total transaction count was up 10 percent to 54.8 Additionally, all 50 million consumers who had been enrolled in Visa Checkout will be automatically converted to click to pay.

Contactless Payments 91

Contactless Payments Transactions Cross-Border Volume 91

PYMNTS

SEPTEMBER 18, 2019

Consumers now have a range of promotional financing deals to choose from the online payments system PayPal that provides zero-interest installment loans to cover the price of their purchase. Vice President of Consumer Credit Susan Schmidt told PYMNTS. And so far, merchant response has been overwhelmingly positive.”.

PayPal 61

PayPal Finance Consumer Credit Transaction 61

PYMNTS

JUNE 7, 2018

Sometimes it is a symptom of underdevelopment — Latin America has millions of consumers and two mega-economies (Mexico and Brazil), but eCommerce’s ignitino seems to be crawling forward. billion : The total number of ACH debit and credit transactions in Q1 2018. billion : The number of freight invoices generated in 2017.

Process 43

Process Zelle ACH P2P 43

PYMNTS

APRIL 30, 2018

Today’s stories include a discussion about how India could go from credit card laggard to having one of the most sophisticated payments systems in the world, the outlook for initial coin offerings (ICOs), a development in augmented reality (AR) retail and news about growth in ACH debit and credit transactions.

Same Day ACH 41

Same Day ACH ACH NACHA PayPal 41

PYMNTS

JANUARY 25, 2017

The first phase launched in September of last year, making ACH credit transactions eligible for same-day processing. According to the NACHA data, Same Day ACH was responsible for more than 13 million credit transactions in its just over three months of operation so far. million transactions, totaling $8.8

Same Day ACH 40

Same Day ACH NACHA ACH Direct Deposit 40

PYMNTS

JULY 2, 2017

Interswitch will work very closely with Visa in selected African markets across West and East Africa to develop a Merchant Management Platform to receive Original Credit Transactions (OCT) from Visa, as well as app-based merchant enrollment solutions, which enable minimum Static QR code functionality. “We

Mobile Payments 46

Mobile Payments Enrollments Payments Interoperability 46

PYMNTS

FEBRUARY 19, 2020

He added that other variables must come into play when examining risk, focused on a consumer’s history: where, when and how they shop and transact. In today’s environment, the consumer expects that the merchant and the issuer really understand them more on a personal level,” said Lerdal. Using A Debit Card At Walmart.

ATM 67

ATM Point-of-Sale (POS) Fraud Detection Mitigation 67

Fintech Finance

DECEMBER 13, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online[1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

PYMNTS

JANUARY 31, 2019

Visa beat expectations on double-digit payment volume growth even as international transactions slowed markedly. trillion, with 11 percent growth year over year, and where credit was $1.2 credit transactions came in at $498 billion, and $446 billion for debit. As measured in dollars, payments volume neared $2.3

Volume 67

Volume Cross-Border Cross-Border Payments Push-to-Card 67

PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. This is the percentage of payments made through P2P transactions using same-day payments. 13 percent.

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

PYMNTS

FEBRUARY 1, 2019

Breaking down the gross dollar volume trends, Mastercard said in supplemental materials filed with the earnings report that debit and prepaid transactions gained 12.2 percent to $762 billion, while credit transactions were up 6.6 consumer volume, to issue contactless cards within the next two years.

B2B 69

B2B Continuity Visa Cross-Border 69

Finovate

MARCH 20, 2024

The new feature works with firms’ existing debit and credit programs and allows consumers to select up to five historical transactions to move into a BNPL payment plan. based Curve’s Flex feature that allows customers to move transactions into a installment repayment plans. Curve, a U.K.-based

Posting 52

Posting BNPL Debit Card Credit Cards 52

PYMNTS

APRIL 11, 2018

“The continued robust growth comes as no surprise as the ACH Network continues to evolve to meet the needs of financial institutions, businesses and consumers.”. That propelled the value of the network’s transactions to more than double the U.S. The network saw an increase in all transactions for 2017, including a 5.6

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. These methods have subtle distinctions as well as different advantages, risks and use cases.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. We’re seeing robust use of same-day ACH credits,” said Larimer. With same-day debit , said Larimer, “consumers know their true balance faster.” In payments, some rollouts come with fanfare.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

Fi911

AUGUST 31, 2023

TILA is a federal law designed to promote the informed use of consumer credit by requiring disclosures about terms and cost. It aims to give consumers a more precise understanding of what they are agreeing to before signing on the dotted line. Standardization lets consumers compare loan terms on equal footing.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Risk Mitigation Online and Mobile Banking Non-Bank 52

PYMNTS

JANUARY 18, 2018

“Use cases for Same Day ACH debits like bill payments and business-to-business payments demonstrate how this additional faster payment method is benefiting consumers and businesses alike.”. NACHA reported same-day ACH debit and credit transactions hit 15.2 million in December , marking a 51 percent month-over-month increase.

NACHA 43

NACHA ACH Same Day ACH Transactions 43

Neopay

DECEMBER 18, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online [1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

Cross-Border 52

Cross-Border Caps Regulations Visa 52

PYMNTS

DECEMBER 21, 2016

There was a time when data breaches were not a daily part of consumers’ day-to-day lives. Sure, credit cards got stolen or skimmed from time to time — but such occurrences were comparatively rare. The big nervousness that consumers have is related to the downside of the debit plus PIN compromise. “The What happened?

Breach 52

Breach EMV Compromise Push-to-Card 52

PYMNTS

JULY 20, 2018

The service allows customers to transfer funds to other consumers of participating banks. Rival Visa had also reported a glitch that affected millions of debit and credit transactions last month. The outage was connected to the U.K.’s local time.

Funds Transfer 40

Funds Transfer Faster Payments Credit Transaction Visa 40

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

CFPB 40

CFPB Push-to-Card Rules Deposit Account 40

PYMNTS

JULY 21, 2017

As has been widely noted, the region has paved the way for the adoption of EMV, and its embrace by merchants in the EU, mandated though it has been, has steered hackers and criminals to online methods of siphoning funds from consumers and cheating companies.

Chip Cards 46

Chip Cards EMV CHIPS Issuers 46