Fintech Finance

JULY 23, 2024

UK consumers are leading the charge on digital financial services adoption amid rising demand for more innovation and convenience in payments and banking, according to a study from Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions.

Embedded Finance 90

Embedded Finance Digital Payments Research Consumer 90

The Fintech Times

DECEMBER 9, 2023

Consumer Duty, a set of rules aimed at enhancing consumer protection in the financial services sector, came into force in July 2023. 2023 saw the introduction of a new Consumer Duty, setting higher and clearer standards of consumer protection across financial services, and requiring firms to put customers’ needs first. .

Consumer 111

Consumer Financial Literacy Regulations AI 111

Fintech Finance

AUGUST 14, 2024

Over half of consumers worldwide (56%) have changed their spending habits from a year ago, not only becoming more price conscious but demanding payment choice, from debit cards and bank transfers to digital wallets and cash, according to new research from Paysafe (NYSE: PSFE), a global payment processor and digital wallet provider.

Research 91

Research Consumer Debit Card Payments 91

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 86

Consumer Protection Consumer Payments Disputes 86

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 85

Consumer Crime Research Authentication 85

VISTA InfoSec

MARCH 28, 2024

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. Takeaway Protecting customer data is a multifaceted challenge that demands a comprehensive and proactive approach. Data Security To secure customer data, employ encryption for data at rest and in transit.

Data Breach 277

Data Breach Regulatory Compliance Breach Encryption 277

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 News

DECEMBER 3, 2024

By focusing on stablecoins, dtcpay aims to provide a more secure, predictable, and regulatory-compliant payment solution for businesses and consumers. This surge highlights the increasing demand for stability and reliability in digital payments. dtcpay has a strong track record of innovation and achievement in the fintech sector.

Stablecoins 117

Stablecoins Money Laundering Cryptocurrency Payments 117

Fintech Finance

OCTOBER 17, 2024

These devices enable consumers to make swift, secure payments by simply tapping their wearable at any compatible point-of-sale (POS) terminal, ATM, or NFC-enabled payment point. This innovation enhances the consumer experience while setting a new standard for secure, frictionless payments, advancing financial inclusion in Somalia.

Visa 117

Visa Technology Financial Inclusion Contactless Payments 117

Fintech News

AUGUST 26, 2024

Consumers are becoming increasingly aware of the importance of insurance through concerted efforts from governments and companies to educate the public. Insurtech trends and opportunities Post-pandemic, Southeast Asia has seen a significant shift in consumer attitudes towards insurance, now seen as a necessity rather than a luxury.

On-Demand 139

On-Demand Product Transactions Adjustments 139

The Fintech Times

MARCH 25, 2024

Open banking and open finance promise significant benefits for consumers and businesses alike. This movement isn’t simply about the adoption of cutting-edge technologies; it signifies a profound reimagining of financial services provision aimed at cultivating innovation, driving efficiencies and addressing the evolving needs of consumers.

Finance 115

Finance Regulatory Compliance Compliance On-Demand 115

The Fintech Times

FEBRUARY 29, 2024

“This transformation aligns with consumers’ growing preference for digital wallet transactions, with forecasts indicating that nearly two-thirds of US smartphone users will use mobile wallet apps monthly, up from half in 2021. . In other words, things are warming up, on low flame. appeared first on The Fintech Times.

Bitcoin 126

Bitcoin eWallet Online and Mobile Banking Governance 126

Fintech Finance

JULY 9, 2024

NASDAQ: SOFI), today announced it is arming fintechs with wire transfer capabilities, enabling them to better serve consumers and businesses by offering another option for fast, secure money movement. Galileo Financial Technologies , a leading financial technology company owned by SoFi Technologies, Inc.

Wire Transfer 89

Wire Transfer Wire Wires FedWire 89

The Payments Association

OCTOBER 28, 2024

The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours.

Process 100

Process Payment APIs and Integration Processors Payments 100

The Payments Association

DECEMBER 11, 2024

2025 payment trends focus on digital wallets, instant payments, AI, fraud prevention, and consumer convenience, driven by evolving regulations and innovation. As the payments landscape evolves, businesses face increasing pressure to adapt to technological advancements and changing consumer expectations.

Payments Trends 88

Payments Trends Fraud Prevention Instant Payments Payments 88

Fintech Finance

JULY 31, 2024

The Visa Consumer Payment Attitudes study1found that the cashless wave in Vietnam maintained its progressive pace, with majority of surveyed consumers (88%) having attempted to go cashless. Vietnamese consumers also showed an emerging preference for contactless payments, both on physical cards and mobile digital payments.

Contactless Payments 97

Contactless Payments Online and Mobile Banking Payments On-Demand 97

The Fintech Times

DECEMBER 31, 2023

In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.

Global Payments 124

Global Payments Alternative Payment Methods Online and Mobile Banking Instant Payments 124

Fintech News

MAY 20, 2024

Additionally, the event will provide a forward-looking perspective on the future of BNPL and its potential to reshape consumer finance and the wider payments industry. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences.

FinTech 121

FinTech Embedded Finance BNPL AI 121

Fintech Finance

DECEMBER 12, 2024

With Backbase, TD Bank will be able offer an enhanced, more digital-first and friendly experience for retail cardholders, helping its retail clients better meet the demands of a shifting demographic. Some on the key features of this enhanced experience include easier online account management and self-service capabilities.

On-Demand 90

On-Demand Credit Cards Card Services Finance 90

Open Banking Excellence

JANUARY 9, 2024

Consumer expectations are rising as regulators push for increased competition and innovation to meet evolving consumer demands. Brazil, a pioneering ecosystem, has launched Open Insurance , whilst Australia’s Consumer Data Right also supports Open Insurance, and is expected to launch later in 2024.

Payment APIs and Integration 130

Payment APIs and Integration Payer Online and Mobile Banking Authentication 130

Fintech News

OCTOBER 21, 2024

Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.

Financial Inclusion 129

Financial Inclusion Embedded Finance Payments Push-to-Card 129

NFCW

JULY 9, 2024

CONSUMER PREFERENCE: Customer demand is driving the uptick in contactless card shipments: Nine in ten of the 3.2bn smart payment cards and modules shipped in 2023 included support for contactless payments “as consumers in all markets embrace touch free payments and tap-to-pay goes mainstream”, the Smart Payment Association reports.

Contactless Payments 96

Contactless Payments Payments On-Demand CHIPS 96

Fintech Finance

SEPTEMBER 27, 2024

Offering flexible financing options, the virtual installment card will provide consumers with the flexibility to make purchases of up to 20 million Uzbek SOMs, by splitting their payments into 3, 6 or 12 installments. “Consumers today demand more flexibility and choice while transacting securely.

Visa 95

Visa BNPL Financial Inclusion On-Demand 95

Fintech Finance

JUNE 19, 2024

The survey of UK consumers found that one in two people are unknowingly using this payment method during checkout, with more than half (51%) of the UK population being unfamiliar with the term Open Banking. This suggests that the term is not widely recognised, but Open Banking payments are actively being used by consumers.

BNPL 122

BNPL Research eWallet Payments 122

Tearsheet

FEBRUARY 20, 2024

According to Marqeta’s 2023 State of Payments report , Gen Z consumers are more careful than older generations about how often they use credit cards. Gen Z has also made a profound impact on the financial landscape so far. Contrary to common stereotypes, Gen Z exhibits a high level of fiscal responsibility and aversion to accumulating debt.

BNPL 121

BNPL Credit Cards On-Demand Consumer 121

Tearsheet

APRIL 5, 2024

Expectations for instant gratification permeate many aspects of consumer behavior. This extends beyond products or services to payments, where consumers expect swift, hassle-free processes that align with their fast-paced lifestyles and the convenience of modern technology.

Product 103

Product Payment APIs and Integration Payments Embedded Finance 103

Fintech Finance

OCTOBER 15, 2024

The survey of 4,000 consumers and 2,000 merchants also revealed: Merchants are much more confident about the future than consumers A third of merchants forecast a positive business outlook for next year; yet nine in ten consumers expect to spend either the same or less.

Mobile Payments 91

Mobile Payments Push-to-Card Payments Contactless Payments 91

Fintech News

MARCH 21, 2024

The Human Element: A Growing Concern A worrying trend emerges from the report: despite a decrease in the total number of consumer-reported scams, financial losses have surged, indicating a move towards more effective and costly fraudulent operations. said Paul Fabara, Chief Risk and Client Services Officer, Visa.

Scams 99

Scams AI Ransomware On-Demand 99

Fintech Finance

OCTOBER 25, 2024

Mastercard is expanding its US Installments experience at checkout to provide consumers with more choice in how they pay through Mastercard Installment Payment Services. As a result, consumers will be able to spread their purchases out over time with an installment plan that is pre-approved on any eligible credit card.

Visa 98

Visa Issuers Payment APIs and Integration Point-of-Sale (POS) 98

Fintech News

JUNE 26, 2024

A recent study by Jumio , a provider AI-driven identity verification and compliance solutions, has found that 78% of consumers in Singapore are ready to change banks due to inadequate fraud protection. Additionally, 74% of Singaporeans demand stronger cybersecurity measures, higher than the global average of 69%.

Deepfake 88

Deepfake Security Verification AI 88

Finovate

SEPTEMBER 20, 2024

In our extended conversation, we discussed TBC’s goals in Uzbekistan, nature of banking in Central Asia, what key financial services are in the most demand, as well as how enabling technologies are helping financial institutions in the region better serve their customers. This supports demand for modern digital financial services.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Fintech Finance

DECEMBER 17, 2024

In a landscape where speed and security are essential for consumers, PayU sets a milestone by becoming the first payment gateway in Colombia to integrate Google Pay (GPay). In a country where mobile payment growth is projected at 22% annually, adopting solutions like Google Pay is essential to meet market demand.

Payment Gateways 81

Payment Gateways Gateways Online and Mobile Banking Payments 81

Fintech Finance

JULY 30, 2024

consumer use of digital wallets has proliferated and eclipsed cards and other conventional sources as the favored option for digital payments. The elegant, white-labeled user experience makes real-time payments a simple process for both merchants and consumers. Outside the U.S., Eric Smith, AppBrilliance’s Founder and CEO.

RTP 94

RTP FedNow RFP Payment APIs and Integration 94

Fintech Finance

JUNE 18, 2024

With our global client portfolio and ecosystem partners, we deliver more seamless and secure customer experiences, meeting the growing demand from consumers,” stated Shellen Hsu, Global Vice President, Sales and Business Development of BCC. “We

Visa 93

Visa Product On-Demand Governance 93

The Fintech Times

DECEMBER 10, 2023

Open banking empowers consumers with more control over their financial data and fosters a more transparent and efficient financial ecosystem. This evolution promises to benefit SMEs, consumers, businesses and governments by driving efficiency, transparency, and innovation.

Payment APIs and Integration 124

Payment APIs and Integration Credit Union API Privacy 124