PYMNTS

AUGUST 7, 2020

Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. Retail spending is up, and as more consumers are either required or choose to stay inside, they’re increasingly turning to online channels to make their purchases.

Cross-Border 120

Cross-Border Issuers Cross-Border Payments On-Demand 120

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 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 transition also aligns with observed user behavior, as a significant portion of dtcpay’s transaction volume already comes from stablecoins, based on one year of transaction data.

Stablecoins 114

Stablecoins Money Laundering Cryptocurrency Payments 114

PYMNTS

DECEMBER 10, 2020

In eCommerce, Amazon ’s third-party merchants are worried they won’t be able to satisfy holiday demand due to restrictions on the volume of inventory the firm can keep in its facilities. 48.8% : Portion of consumers who require a vaccine before returning to their routines. All this, Today in Data.

Credit Risk 102

Credit Risk Risk Management AI On-Demand 102

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

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 138

On-Demand Product Transactions Adjustments 138

PYMNTS

NOVEMBER 20, 2020

The digital shift has been well-documented in many categories but arguably none have been as dramatic as the consumer packaged goods (CPG) category. Bogosian said he thinks we are in the middle of a dynamic shift in consumer buying patterns and felt this new behavior was here to stay. z International ; and sticky.io CEO Brian Bogosian.

Consumer 85

Consumer Innovation Agreements Product 85

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

The Fintech Times

AUGUST 21, 2024

Tink , the data enrichment and payment services platform, has conducted research into UK consumers’ attitudes to financial management tools. These findings are extremely timely as 75 per cent of UK consumers are mindful about what they are buying due to high costs. It has revealed that as many as 7.6

Consumer 59

Consumer On-Demand Finance Research 59

Fintech Finance

DECEMBER 13, 2023

Specifically, Trustly’s RTP® volume grew 29% in transaction volume and 31% in payment value from Q2 2023 to Q3 2023. The rapid adoption of its RTP® service has led Trustly to now be approaching 10% of the RTP® network’s total transaction volume.

RTP 52

RTP Volume Real Time Payments Origination 52

PYMNTS

NOVEMBER 18, 2020

A rebound in retail sales in the United States has resulted in a quicker than expected resurgence in shipping demand, with Maersk now expecting EBITDA to weigh in between $8 billion and $8.5 Rather, Maersk CEO Soren Skou noted, at a news briefing, per Reuters, that the second wave had only a “limited impact” in shipping container volumes.

Volume 86

Volume On-Demand Economy Governance 86

FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. This type of financial inclusion is good for the consumer and good for our business.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

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

PYMNTS

OCTOBER 30, 2020

In an interview with Karen Webster, Khaled Naim , co-founder and CEO of Onfleet , which provides last-mile delivery management software to merchants, said year-over-year delivery volume has been surging amid the pandemic, with triple-digit increases in some segments, double-digit increases in others — and no signs of stopping.

Volume 94

Volume On-Demand B2B Continuity 94

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

FloQast

NOVEMBER 20, 2024

Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. These challenges are often exacerbated by time-consuming manual matching processes and inconsistencies in data.

Reconciliation 89

Reconciliation AI Transactions Accounts 89

PYMNTS

MAY 8, 2020

Merchants, too, enjoyed the tailwinds of a strong economy and sanguine consumer mindset. Drill down into the numbers, and the term “falling off a cliff” comes to mind, as healthy transaction and sales volumes at key merchant customers faced massive headwinds — and only now are starting to show a bounce off their nadirs.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

The Fintech Times

OCTOBER 23, 2024

By integrating consumer and third-party data directly with MoneyLion’s financial services product partners, these providers can increase the number of their conversions, and expedite consumer onboarding. “And this isn’t just about simplifying the process for consumers. .

Product 59

Product Consumer AI Credit Cards 59

PYMNTS

MAY 22, 2020

After all, there are only so many groceries and essential items consumers can buy; now, they are increasingly looking to buy other goods and services. In the meantime, CO-OP’s Contact Center volumes have been through the roof, and the company has seen massive single-day spikes in transaction volume across the Shared Branch network, he said.

Credit Union 105

Credit Union Remote Deposit Capture Volume Push-to-Card 105

PYMNTS

NOVEMBER 2, 2020

The report , released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. Despite the World Bank's prediction, it seems that the need to send and receive money has actually elevated, so long as consumers have the ability to do so digitally.

B2B 96

B2B Non-Bank Volume On-Demand 96

The Fintech Times

FEBRUARY 5, 2024

In the face of struggling global economies, significant inflation, and uncertain markets, traditional banks are grappling with digital transformation challenges and the pressure to meet consumer demands, all while ensuring regulatory compliance.

Innovation 116

Innovation FinTech Regulatory Compliance Volume 116

PYMNTS

JANUARY 26, 2021

He said increased sharing of account information through third-party apps supports consumers’ desires, but it is not without its risks. This provides consumers increased transparency and control over their payments, eliminating unintended overdrafts, and reducing fraud. This has resulted in some delays and consumer confusion.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

PYMNTS

NOVEMBER 12, 2020

A PYMNTS study of a census-balanced sample of 2,165 consumers conducted Oct. consumers reported having a Walmart+ membership, just a bit more than a month after its launch. That compares to 68 percent of consumers who reported belonging to Amazon Prime. Amazon said on Thursday (Nov.

NOV 105

NOV Volume On-Demand Consumer 105

PYMNTS

DECEMBER 18, 2020

Recurly CEO Dan Burkhart told Karen Webster in a recent discussion that consumers are asking themselves how to give gifts that will have lasting impacts on the intended recipients. What we have observed is to the contrary: that consumers’ discretionary spending in the form of subscriptions has actually done quite well,” he noted. “I

Consumer 120

Consumer On-Demand Checks Volume 120

Clearly Payments

DECEMBER 19, 2024

Global Digital Payment Volume Passes $10 Trillion in a Year! The global volume of digital payments will reach over $10 trillion by the end of 2024, a sharp increase from $8.3 This growth is driven by increased consumer demand, lower transaction fees, and enhanced cross-border capabilities. trillion in 2023.

BNPL 84

BNPL Contactless Payments Processors Payments 84

PYMNTS

MAY 4, 2020

Consumers are buying anything (and seemingly everything) and conducting all manner of everyday business online because that is their only option. . saw massive spikes in their year-over-year sales volumes across the first quarter, up 53 percent. . The demand shock has proved to be a separate issue but should rebound.). .

Cross-Border 102

Cross-Border On-Demand SARS Consumer 102

PYMNTS

SEPTEMBER 29, 2020

Target’s event, first reported by the Minneapolis Star Tribune, will feature “digital deals on thousands of items, more than double what the retailer offered last year, as it adjusts to the surge of consumers who have shifted to shopping online during the coronavirus pandemic. Target announced on Monday (Sept. On Monday (Sept.

On-Demand 104

On-Demand Adjustments Volume Continuity 104

Fintech Finance

NOVEMBER 19, 2024

This enables them to cater to Pakistani consumers’ payment preferences, all while meeting stringent local compliance standards. As more consumers embrace digital solutions, demand is rising for secure, accessible local payment options that connect them to global markets. billion to 6.4 billion in just one year.

Cross-Border Payments 85

Cross-Border Payments Regulatory Compliance Cross-Border Fraud Prevention 85

PYMNTS

AUGUST 14, 2020

Juliet Anammah , chairwoman and head of institutional affairs at Jumia, previously told PYMNTS those tailwinds have started blowing stronger during the past few months as the global public health crisis has increased the volume on demand for digital payments, eCommerce and new series of transaction experiences throughout Africa.

Volume 101

Volume On-Demand Digital Payments Addressing 101

PYMNTS

DECEMBER 28, 2020

The numbers were up quite a bit from the first half of the year, which showed renewed strength in business and consumer shopping habits. 28) on CNBC, said the cargo volume is up 50 percent. CNBC said this situation is a "stark contrast" to the beginning of the pandemic in the spring when the volume of shipments fell dramatically.

Volume 82

Volume On-Demand Consumer 82

PYMNTS

MAY 8, 2020

And, she added, for merchants that already had an online presence, there’s been a marked volume swing. Right now, what we are seeing is that card-present volumes have dropped dramatically and depending on the industry, gone to zero, and there has been a massive surge in card-not-present volumes.”. That’s no longer the case.

Volume 104

Volume Phishing Transactions Disputes 104

PYMNTS

NOVEMBER 13, 2020

The World Bank found that consumers globally are charged an average of 6.75 The growing reliance on global digital payments calls for strong mechanisms that are immune to security threats and can handle large volumes of transactions safely without compromising delivery times,” Nilesh Pathak, Chief Technology Officer at Nium told PYMNTS. “The

Cross-Border 103

Cross-Border Cross-Border Payments Correspondent Bank Payments 103

PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. According to the report, more than 50 percent of consumers said “convenience” was defined by contactless shopping, on-demand fulfillment and inventory availability.

On-Demand 92

On-Demand Consumer Volume Accounts 92

PYMNTS

NOVEMBER 25, 2020

The good news is that the modern technology and the available platforms mean [financial institutions] FIs don't have to make a ‘call’ and lay large bets on systems that either have an insignificant amount of volume or aren't even extant today,” Ranta said. Instant Paychecks Should Get Consumers Interested. consumers).

Real Time Payments 114

Real Time Payments RTP FedNow TCH 114

PYMNTS

JANUARY 24, 2021

Supply disruptions and higher material costs for items in high demand are causing a build-up of problems, the report says. The prices for things like steel, aluminum and lumber have risen in concurrence with higher order volumes, and commodity supply chains have become inundated with mass order quantities.

On-Demand 83

On-Demand Economy Volume Product 83

PYMNTS

FEBRUARY 1, 2021

Namely, it will continue to be a favored payment method among consumers. To get a sense of the update, at least as seen in data from reports tied to the December quarter, the card networks showed pent-up demand to spend – and though cross-border activity was down double digits, there were notable bright spots.

Issuers 82

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