Bank Automation

OCTOBER 22, 2024

US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling more competition for financial products.

Consumer 59

Consumer On-Demand Rules Automation 59

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 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 93

Consumer Crime Research Authentication 93

Fintech Finance

OCTOBER 29, 2024

Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey published today by Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators.

Credit Cards 98

Credit Cards Consumer Embedded Finance BNPL 98

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

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. Typically offered online, these products provide paycheck advances before payday.

CFPB 105

CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 105

Fintech Finance

MARCH 21, 2024

Pockit , the UK fintech providing vital financial services to people whose needs aren’t met by the traditional banking system, has announced the official launch of its Income Advance product, enabled by its partner SteadyPay. The service costs a flat £4.99 The service costs a flat £4.99

Product 52

Product Underwriting On-Demand Underserved 52

PYMNTS

APRIL 8, 2019

Brick-and-mortar pharmacy retailers are taking new approaches to delivery in the omnichannel age: CVS Pharmacy , for instance, is doubling down its on-demand offerings with a faster and expanded option. When it comes to requesting delivery, consumers have a few options. New Products.

On-Demand 60

On-Demand Product Consumer Innovation 60

The Fintech Times

OCTOBER 31, 2024

Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey by card issuing platform Marqeta. ” The post UK Consumers Demand Enhanced Personalisation and Rewards for Credit Cards, Marqeta Reveals appeared first on The Fintech Times.

Credit Cards 68

Credit Cards Consumer BNPL Embedded Finance 68

The Fintech Times

JUNE 26, 2024

Changing consumer demands pose the biggest challenge to profitability for two-thirds of subscription businesses over the next decade, according to a new report by Minna Technologies. Customer demand for consolidation has led to the emergence of new channels to manage subscriptions, such as banking apps and aggregators.”

Technology 63

Technology Consumer On-Demand Consulting 63

Fintech News

FEBRUARY 26, 2024

This period of upheaval has catalysed a significant transformation within the sector, with fintech firms adapting to and capitalising on the changing landscape of consumer demands and regulatory environments. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth.

FinTech 142

FinTech Consumer Financial Inclusion On-Demand 142

Fintech Finance

JUNE 18, 2024

IDEX Biometrics has received a production order from Beautiful Card Corporation (BCC) , in support of bank launches in Asia. 1 Source: Nilson Report The post IDEX Biometrics Receives Production Order for IDEX Pay as Beautiful Card Corporation is Granted Mastercard Letter of Approval appeared first on Fintech Finance.

Visa 98

Visa Product On-Demand Governance 98

PYMNTS

JANUARY 27, 2021

But that is exactly the type of person that Richmond-based on-demand accident insurer Buddy is looking to serve, by offering up supplemental insurance plans that are super easy to fill out and can take the burn out of crash and burn for as little as $9 per day. “We We think revolutionary, especially in our category,” he said.

On-Demand 114

On-Demand Payment APIs and Integration Processors Risk 114

Finovate

JUNE 3, 2024

“For more than 25 years, PayPal has been at the forefront of digital commerce, revolutionizing commerce by providing a trusted experience between consumers and merchants around the world. . This shift comes after the California-based company launched on Ethereum blockchain last summer.

Stablecoins 111

Stablecoins PayPal Consumer Blockchain 111

Finovate

SEPTEMBER 16, 2024

From hyper-personalization to compliance automation to product management, the digital transformation in retail bears many similarities to the digital transformation taking place in financial services. We caught up with Lohith Kumar Paripati ( LinkedIn ), Product Lead at Walmart, to talk about the digital transformation in retail.

Consumer 59

Consumer AI Embedded Finance Automation 59

PYMNTS

JULY 27, 2020

The entire [digital payments] industry ends up being created outside the banks on products that should have been developed by them,” Edwards said. But ultimately consumers know choices are out there, Edwards said, and demand for them is going to rise. It’s happening either way,” Edwards told Webster.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

PYMNTS

DECEMBER 16, 2016

Insight from Devaraj Southworth points to an intriguing consumer trend in the works in the growing on-demand space. In a nutshell, consumers don’t particularly care how companies get orders to their doors as long as it’s quick and the order is the proper brand. Southworth knows a thing or two about on-demand consumers.

On-Demand 70

On-Demand Consumer Product Continuity 70

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 96

Consumer Protection Consumer Payments Disputes 96

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes 97

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 97

NFCW

APRIL 4, 2024

“Additionally, when compared to other payment options including contactless cards, QR codes, and cash, consumers rated NFC contactless as the most secure, most convenient, most reliable, and easiest way to pay in-person,” the NFC Forum says. 53% said they now leave their physical wallet or purse at home multiple times each week.

Consumer 94

Consumer Contactless Payments Use Case Research 94

Chargebee

DECEMBER 1, 2023

Chargebee’s widgets and APIs are meticulously crafted to revolutionize how your customers interact with your product descriptions, carts, and checkout pages—focusing on the flexibility and innovation that today’s consumers demand, Chargebee opens up new avenues for your business to connect more meaningfully with your audience.

API 52

API Product On-Demand Innovation 52

PYMNTS

AUGUST 6, 2019

Amazon has elevated consumers’ shipping expectations : greater speed, lower cost and heightened transparency into shipping are now requirements for many online shoppers. It’s no longer enough just to create a good product,” she told PYMNTS in a recent interview. You’ve got short-term seasonality demands.

On-Demand 61

On-Demand B2C B2B Addressing 61

Fintech Finance

JULY 10, 2024

Research released today by emerchantpay , a leading global payment service provider and acquirer, has revealed the factors influencing how consumers choose to pay online. The demand for these aspects highlights the need for merchants to offer Open Banking as a payment method at the checkout.

Privacy 94

Privacy Consumer Security Payments 94

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. The Financial Conduct Authority’ s (FCA’s) new rules mean that firms selling financial products now have to meet much higher standards.

Consumer 110

Consumer Financial Literacy Regulations AI 110

The Fintech Times

JULY 26, 2024

In the past year, eToro launched its first ISA product through its Canary Wharf-based UK arm of the business, partnering with Moneyfarm. All of this is aligned with the company’s focus on localising its offering to meet UK consumers’ demand.

Consumer 63

Consumer On-Demand Returns Continuity 63

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 98

Research Consumer Debit Card Payments 98

PYMNTS

NOVEMBER 9, 2020

Both businesses and consumers are still attempting to deal with the financial hardships brought on by the ongoing pandemic. In the United States, 8 million consumers have fallen below the poverty line since May, for example, movement that severely reduces the access these consumers may have to financial tools.

On-Demand 81

On-Demand FDIC Push-to-Card P2P 81

The Fintech Times

MARCH 28, 2024

Synergy between innovation-driven startups and established industry players is not only reshaping traditional practices but also addressing the dynamic needs of modern consumers. We reached out to insurance experts to gain insights into how startups and incumbents are collaborating to drive innovation and meet changing consumer demands.

Innovation 68

Innovation Consumer On-Demand Risk Assessment 68

PYMNTS

DECEMBER 24, 2020

PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over. More consumers are going online to shop and pay as the pandemic progresses.

Economy 118

Economy Consumer On-Demand Shutdown 118

PYMNTS

NOVEMBER 2, 2020

manufacturing sector continued a rebound that has stretched through the past six months, with the latest showing in October underpinned in part by consumer demand, which in turn translated into continued production of consumers goods. But it seems that, now, purchasing managers are sanguine about demand that lies ahead.

Consumer 81

Consumer On-Demand Economy NOV 81

PYMNTS

NOVEMBER 14, 2018

However, as awareness grows about the dangers of predatory payday lenders and the costs of bank overdrafts, employees demand better alternatives. Researchers are beginning to explore the potential for on-demand wages to address some of professionals’ personal cash flow challenges. In the U.S.,

On-Demand 58

On-Demand Payroll Consumer Financial Protection Bureau (CFPB) Real Time Payments 58

The Payments Association

NOVEMBER 12, 2024

In an era marked by technological advancements and evolving consumer preferences, high-end banks and financial institutions are constantly seeking for innovative ways to cater for the demands of the discerning mass affluent market. One trend that has been gaining significant traction is the growing demand for metal cards.

Continuity 88

Continuity On-Demand Innovation Payments Tools 88

PYMNTS

OCTOBER 28, 2016

What happens when a thriving on-demand marketplace operating in one country wants to expand into new international markets? Speaking with PYMNTS’ Karen Webster, Ting highlighted some of the barriers to growth and explained how removing those barriers is a key consideration when providing a great on-demand experience in new markets. “I

On-Demand 60

On-Demand Origination Product Compliance 60

PYMNTS

OCTOBER 31, 2018

The good news about living in 2018, Doctor on Demand CEO Hill Ferguson told Karen Webster, is that the flu can be treated in the first 48 hours of infection. As the model has expanded and evolved, Doctor on Demand has become increasingly attractive to established clinicians looking to have greater control of their schedules.

On-Demand 75

On-Demand Rules Wire Wires 75

PYMNTS

DECEMBER 28, 2020

It's now into second-gen products with real adoption, and the market's beginning to take it seriously in a broader sense,” he said. More than 90 percent of consumers will ask for one — and of that 90+ percent, roughly 80 percent will pick an instant payment if offered the option. is an urgent need to meet increasingly surging demand.

Instant Payments 121

Instant Payments Payer Consumer Debit Card 121

The Fintech Times

FEBRUARY 8, 2024

Here, Anabel Perez , CEO of NovoPayment, the Banking as a Service (BaaS) provider for the Americas, discusses her experience of implementing digital financial products in LatAm – and her view on dealing with the challenges presented by the fragmentation of the region.

Product 68

Product Payment APIs and Integration Small Business Due Diligence 68