PYMNTS

NOVEMBER 3, 2020

But it's not only consumers driving demand for real time. In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

Open Banking Excellence

NOVEMBER 9, 2023

Since Open Banking launched in January 2018, seven million consumers and businesses have used it. The number of adults using Open Banking in the UK represents around 10% of the adult population. A suboptimal allocation of fraud liabilities to ASPSPs and consumers. We have some way to go.

Use Case 130

Use Case API Fraud Prevention Risk 130

The Fintech Times

MAY 21, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. However, in the last couple of years, behind the scenes, some developers have continued to bet on the technology for other use cases.

NFTs 145

NFTs Use Case Non-Bank Facilitators 145

PYMNTS

SEPTEMBER 16, 2019

That is just one of five critical findings highlighted in How We Will Pay 2019 , a PYMNTS, Visa collaboration examining how consumers use a wide range of connected devices to shop and make purchases. consumers who documented their shopping and purchasing experiences over a seven-day period in mid- to late-July of 2019.

Consumer 75

Consumer Use Case On-Demand FinTech 75

PYMNTS

MAY 7, 2020

The opportunity, Doug Brown, senior vice president and general manager of NCR Digital Banking, told Karen Webster, lies in embracing a “digital-first” mindset that can create a better experience — even a touchless experience — for consumers. Brown said there had been examples of a shift toward digital-first use cases already taking root.

ATM 122

ATM Credit Union Online and Mobile Banking On-Demand 122

PYMNTS

NOVEMBER 25, 2020

Instant Paychecks Should Get Consumers Interested. But Ranta added that when it comes to the consumer, the critical use cases that could spur wider adoption aren’t there quite yet. "We We have not seen the use cases or the digital overlay services rolled out,” he noted. "We consumers). consumers).

Real Time Payments 114

Real Time Payments RTP FedNow TCH 114

PYMNTS

SEPTEMBER 13, 2019

Rampant data breaches have left consumers on edge about digital fraud. In fact, recent PYMNTS research shows that most consumers believe they can do a better job of identifying and protecting themselves against fraud than their FIs, with 71.2 Despite widespread demand for greater mobile banking authentication controls, only 39.9

Consumer 66

Consumer Authentication Mobile Banking On-Demand 66

PYMNTS

JANUARY 30, 2020

It’s not just the speed of payments that’s important, but also the data that payment operators gain as more consumers use faster forms of digital and mobile transactions. The growth of real-time payment options has helped build a new standard among consumers,” noted Villarreal. The market is growing,” Villarreal said.

RTP 58

RTP Use Case Real Time Payments Credit Union 58

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. More than two-thirds of consumers (68.1 Among consumers, instant payments accounted for a little more than one in 10 of those disbursements (14 percent). Consumers disagree.

Instant Payments 122

Instant Payments Payee Same Day ACH Non-Bank 122

PYMNTS

OCTOBER 15, 2020

Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” But he pointed to a use case that might be a bit under the radar. More Tools, More Flexibility .

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Fintech Finance

DECEMBER 12, 2024

Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1. Visa Direct reaches 99% of bank accounts in the US, and over 11 billion endpoints including cards, accounts and digital wallets around the world.

Funds Availability 86

Funds Availability FPC Accounts Debit Card 86

PYMNTS

JULY 15, 2020

“Just as changing consumer behaviors are accelerating the adoption of digital commerce, they are also creating a greater demand for digital payout methods.”. In just over three months, digital commerce adoption among consumers has grown exponentially, accelerating many businesses’ nascent digital transformation plans into overdrive.

On-Demand 94

On-Demand Use Case Contactless Payments Innovation 94

PYMNTS

DECEMBER 24, 2018

The “Twelve Days of Christmas” is a holiday classic, though some of us at PYMNTS still don’t understand why anyone would want to take a partridge away from what seems like a pleasant existence in a pear tree. consumers who were asked about the devices they own and how they use them to buy things. 1: With Multiple Devices.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

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 78

Wire Transfer Wires Wire FedWire 78

PYMNTS

JULY 10, 2020

it’s been an organic-but-inevitable exercise, driven primarily by innovation and consumer demand.”. After all, the financial services ecosystem is striving to give consumers access to their financial records and leverage tech-driven innovations to improve their lives. Protecting Consumer Data. In the U.S.,

AML 108

AML Privacy Procedures Money Laundering 108

PYMNTS

JANUARY 8, 2021

In short, the global pandemic has ushered in rising usage — and use cases — for TCH’s RTP ® network, and Whisler doesn’t see that slowing down anytime soon. when businesses or consumers need to deliver or receive goods, she said. I'd love to see an [RTP] use case that we can talk about next December.”.

RTP 139

RTP TCH Funding Agent Continuing Education 139

PYMNTS

APRIL 22, 2019

The company said the platform is available for the company’s clients and partners through Visa Next, a website billed as a “new destination” for glimpsing and using new solutions in the payment giant’s ongoing pipeline. We used to have the network, the issuers, the issuer processors … and then the consumer,” he added.

Payment APIs and Integration 91

Payment APIs and Integration Issuers API Use Case 91

PYMNTS

DECEMBER 31, 2020

How We Will Pay: Home As The Consumer Command Center. This study showed that the home had become the consumer’s commerce command center as they changed their daily routines to do more of their work and more of their once-physical errands from home. 35 percent of retail businesses have experienced an increase in demand.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

Fintech Finance

JULY 30, 2024

AppBrilliance , a pioneer in real-time payment solutions with its cutting-edge Money API platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. Outside the U.S., Eric Smith, AppBrilliance’s Founder and CEO.

RTP 86

RTP FedNow RFP Payment APIs and Integration 86

The Finance Weekly

DECEMBER 12, 2021

Companies may use data to make better decisions, gain a better understanding of market trends and customers, create smarter products and services, improve corporate operations, and generate new revenue streams. But what does this mean for those tasked with evaluating the return on investment of a data strategy and business use cases?

Use Case 90

Use Case Privacy Assessments Returns 90

PYMNTS

DECEMBER 3, 2020

The digital shift brought on by the coronavirus has caused treasury banks to reprioritize their support of digital payments as consumers and merchants increasingly demand fast, easy and secure ways to get their money. They can get access to that loan immediately.”. More Than Just Speed.

Treasury 89

Treasury Visa Digital Payments Debit Card 89

PYMNTS

MAY 7, 2020

That’s Visa Senior Vice President and Global Head of FinTech Terry Angelos reflecting on the impact of the rapid shift to digital for consumers and businesses around the globe who en masse began living many aspects of their personal and business lives in a mostly digital world — literally all at once, overnight. In the U.S.,

FinTech 95

FinTech Multi-Currency Cross-Border Credential 95

PYMNTS

DECEMBER 22, 2020

“So when you take all of these consumer behavioral changes, there's a big seismic shift, and merchants have had to adapt really fast,” said Sharath Dorbala , CEO of subscription management platform Vindicia , in a recent conversation with PYMNTS’ Karen Webster. For example, when a consumer runs out of milk, they can run out and buy more.

Push-to-Card 116

Push-to-Card Consumer On-Demand Use Case 116

Fintech Finance

OCTOBER 15, 2024

The RoPay service is being gradually rolled out, as participating banks introduce new features and cover more use cases, while users get accustomed to the service. The first available use is for proximity-based person-to-person (P2P) payments.

Instant Payments 96

Instant Payments Online and Mobile Banking Processors Payments 96

PYMNTS

AUGUST 3, 2020

The pandemic has pushed digitization from a “nice to have” to a “have to have” for consumers all over the world and across all age demographics. But as Karen Webster noted in a recent On the Agenda conversation with a panel of industry experts, a funny thing happened to consumers on their way to the digital forum.

Push-to-Card 107

Push-to-Card Ubiquitous On-Demand Use Case 107

The Fintech Times

FEBRUARY 27, 2024

James Butland, UK managing director, Mangopay “By 2027, third-party sales via marketplaces will account for 59 per cent of all global e-commerce, and so we’ll see an increased demand for paytech built with marketplaces and platforms at the heart. This lightens the human load, allowing teams to concentrate on more complex and strategic tasks.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

PYMNTS

OCTOBER 10, 2019

Real-time payments are currently among the hottest trends and topics in the payments industry — a source of significant investment and regulatory attention, as financial institutions and other players strive to meet consumer demand for faster money movement. We don’t really see many use cases for real-time pull payments,” he said.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

PYMNTS

MARCH 28, 2019

Instant payments — and the ability to push funds immediately across the debit rails to consumer bank accounts — has entered something of a renaissance. Today Visa , with Visa Direct , has added another use case for push payments — this time on a global scale. Remitly users in the U.S.

P2P 87

P2P Cross-Border Push-to-Card Debit Card 87

The Fintech Times

DECEMBER 7, 2023

In this guest post, Ellis offers a perspective on the profound opportunities that arise from collaborating with non-financial brands and fintech companies to meet the ever-changing demands of customers. Digital by default, seamless by demand Customers are increasingly digital by default.

Embedded Finance 111

Embedded Finance Finance Non-Bank On-Demand 111

Faster Payments Council

JUNE 28, 2021

Today's consumers want fast, easy, digital transactions. It is now what they are accustomed to with the seamless and easy nature of services such as Airbnb, and what they demand, given the safety concerns brought on by the pandemic. billion by 2024 – cross-border faster payments is an area that still needs some work.

Cross-Border 68

Cross-Border Faster Payments Cross-Border Payments FPC 68

PYMNTS

OCTOBER 2, 2019

To get a sense of where faster payments are headed, look to the consumer. Some of them have been mandated by governments, readying for anticipated demand. The Consumer Case, Leading To The Business Case. Yet, Kresse pointed out that, ultimately, individual consumer behavior drives changes in business behavior.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Launching Into New Markets.

Payment APIs and Integration 121

Payment APIs and Integration Due Diligence On-Demand Money Laundering 121

Fintech News

MAY 21, 2024

Institutional Investors Surging Demand for Digital Assets The SBI DAH report highlights a notable surge in institutional demand for digital assets. Traditional securities transactions often involve complex and time-consuming settlement processes, which can take several days to complete.

Settlement 121

Settlement Cryptocurrency Blockchain Digital Currency 121

PYMNTS

JANUARY 12, 2021

The lending industry was hit hard during the pandemic’s early months, with many banks and traditional lenders rapidly adjusting their standards and rates to accommodate businesses’ and consumers’ shifting needs. The crisis has also increased consumers’ demand for loans in several categories. The Disbursements Expectation Catch.

Instant Payments 95

Instant Payments Non-Bank Payments SWIFT 95

The Fintech Times

JANUARY 13, 2024

The investigation’s findings revealed the complete dominance of the largest banks in the financial market, prompting the CMA to mandate that the nine largest banks in the UK, known as the CMA9, collaborate to facilitate secure sharing of consumers’ banking data with trusted third parties. ” What else needs to be achieved?

Payment APIs and Integration 81

Payment APIs and Integration Use Case On-Demand Consumer 81

PYMNTS

JANUARY 28, 2021

With 6 in 10 financial institutions (FIs) turning to digital channels for customer acquisition and the mobile experiences those customers now expect, digital-first banking is much on the minds of consumers, regulators and, most assuredly, bad actors. It’s a situation demanding action. Consumers Getting Wise To Scams.

Federal Trade Commission 97

Federal Trade Commission Scams Account Takeovers Fincen 97

PYMNTS

DECEMBER 11, 2020

I don’t foresee us reverting to the way it used to be even after the pandemic is over and we are able to walk around without masks on.”. Mao said Blackhawk’s survey found the majority of consumers expecting to purchase 10 gift cards this year on average — roughly double what they reported buying last year.

Posting 116

Posting Push-to-Card Debit Card On-Demand 116