PYMNTS

APRIL 29, 2019

And how much are consumers willing to pay to get that certainty? In Amazon’s case, that takes the form of holding 50 percent of all eCommerce spend and more than 6 percent – and growing – of all retail consumer spend. Consumers stick to what they know will deliver a predictable outcome. Certainty as Retail’s Disruptor.

Online and Mobile Banking 64

Online and Mobile Banking Consumer PayPal Non-Bank 64

PYMNTS

JANUARY 21, 2019

The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses. Their support of the Fed as the answer to all that ails faster payments seems particularly well-timed.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. That’s roughly 95 percent of consumers in the U.S., In the U.S., Not exactly.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

APRIL 27, 2016

Step One: Correlate a consumer’s participation in various types of social networks (traditional, blog-based and professional) and their associated fraud risk. percent when a consumer participates in all three types. consumers who were identified using names, addresses, phone numbers and dates of birth (DOB).

Verification 46

Verification Addressing Authentication Participant 46

PYMNTS

OCTOBER 8, 2019

Consumers, not so much. In fact, as Ingo Money CEO Drew Edwards pointed out to Karen Webster in the most recent edition of their “how to instant” conversations, consumers more or less don’t know the payments rails exist — and are really only ever concerned with a single question: “How am I gonna get my money?”.

Instant Payments 49

Instant Payments Push-to-Card Payments Settlement 49

PYMNTS

JANUARY 3, 2020

Rarely do consumers and businesses agree on anything as much as they have on instant. As instant money organizes itself largely around consumer preferences, there are important distinctions to be made. And as consumers continue to warmly embrace instant money, old definitions and practices are becoming obsolete almost overnight.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

PYMNTS

APRIL 18, 2019

Wave already vets its merchants to make sure they are legitimate users, and that the funds moving to them are good funds. He said that, from Wave’s point of view, the funds are those the firm plans on paying out anyway, so it’s up to Wave to make sure its risk engines are tuned to accelerate when those funds move.

Debit Card 90

Debit Card Small Business Push-to-Card Instant Payments 90

PYMNTS

JULY 16, 2018

On a more pragmatic level, this study and the notion of sunk cost speaks to one of the biggest frictions that consumers and businesses — and mice too, if they had to shop and pay for stuff — face across the commerce landscape. Today, consumers and businesses spend a lot of time waiting for things. consumers spent waiting.

On-Demand 43

On-Demand Settlement Consumer Real Time Payments 43

PYMNTS

JUNE 21, 2017

Modo’s COIN technology knocked down this wall and enabled Verifone’s Points Redemption Network to work in tandem with FIS’ Premium Payback Network, to allow consumers to pay with loyalty points linked to their credit or debit cards at checkout, in real time. We know when a transaction qualifies as good funds,” he emphasized. “We

Interoperability 65

Interoperability Push-to-Card Reconciliation Transactions 65

PYMNTS

MAY 23, 2018

She recently discussed the future of checks — and the market opportunity that comes from consumers still being tied to them — in an interview for PYMNTS’ “ Walk to the Elevator ” series with Karen Webster. It’s not a matter of whether these consumers or SMBs have bank accounts; most do,” Dougherty said.

Checks 41

Checks Federal Reserve Fed Participant 41

Finovate

JUNE 14, 2024

. “At Sahl, we are committed to addressing the challenges faced by consumers in utility payments, starting with electricity and expanding to water, gas, telecom, and various other essential services,” Sahl CEO Abdullah Assal said. billion) fund dedicated to small and medium-sized businesses in the fintech sector.

Online and Mobile Banking 59

Online and Mobile Banking Central Bank Gateways Processors 59

PYMNTS

SEPTEMBER 23, 2019

For example, businesses are paying insurance claims to consumers and loan proceeds to borrowers in real time – and banks and FinTechs are enabling payments between people in real time. Many leverage existing rails, but use tech to solve for the underwriting or fraud issues that prevent good funds from moving faster between accounts.

Real Time Payments 61

Real Time Payments Payments B2B Innovation 61

PYMNTS

SEPTEMBER 17, 2018

Consumers know that payment methods bearing their brand are accepted at tens of millions of merchants globally and that when they use those products, they work reliably. Certainty of good funds is what they need to plan their cash position, as is the certainty that the funds moving across the networks are secure.

Rules 78

Rules Zelle Payments PayPal 78

PYMNTS

OCTOBER 8, 2018

Card rails that run in reverse can push payments from corporates to consumers instantly and are being used to push loan proceeds from alternative lenders and sales from acquirers to SMBs in real time too. Instead, it’s a lack of certainty that good funds are on the way — and when they’re expected to arrive.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

APRIL 25, 2016

It’s also words to live by for consumers too. For instance, consumers sign on to Facebook for “free” but Facebook sucks up oodles of data about whatever they do and sells it to advertisers who now barrage them with ads in their newsfeed. The quid is free access to Facebook – the quo is ads consumers now see in their newsfeed.

Regulations 41

Regulations Consumer CFPB Online and Mobile Banking 41

PYMNTS

SEPTEMBER 23, 2019

Remittances, eCommerce, payroll, real estate and travel — the uses cases for cross-border funds transfers in minutes are expanding, Ersek noted, and consumer and business expectations for immediate and secure cross-border money movements are expanding right alongside them. Changing The Landscape And Overcoming The Challenges .

Accounts 82

Accounts Cross-Border Cross-Border Payments Real Time Payments 82

PYMNTS

NOVEMBER 12, 2018

If conversion is among the most important things to a merchant, and a frictionless experience is the most important thing to a consumer, the twain do not meet as well as they should. All too often, cardholders with good funds backing them up see their cards declined.

Payment APIs and Integration 70

Payment APIs and Integration Authorization Processors Issuers 70