Fintech Finance

MARCH 30, 2025

Global analytic software leader FICO ’s analysis of UK credit card payments data from the past six years has revealed that consumers developed healthier credit card p ayment patterns during the pandemic, and those patterns have not fallen back to pre-pandemic levels. Minimum payments: Pre-pandemic, approximately 4.6%

Consumer 87

Consumer Credit Cards Payments Payer 87

Basis Theory

NOVEMBER 12, 2024

Both are used to mask sensitive payment data, but they do this in different ways and via different partners. Universal tokens or PSP tokens can be used in place of plaintext payment data for transactions. Both offer enhanced security for storing and utilizing payment data, reducing overall fraud and risk levels.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

Fintech Finance

SEPTEMBER 24, 2024

Mastercard today updated its Consumer Fraud Risk (CFR) solution to increase the ways it helps protect consumers from Real Time Payment scams. From October 7th, new rules from the UK’s Payment Systems Regulator (PSR) will require banks to reimburse all APP fraud victims, except for limited exceptions.

Scams 97

Scams Visa AI Consumer 97

Fintech Finance

NOVEMBER 13, 2024

By 2030, Mastercard aims to eliminate the need for manual card entry and one-time or static passwords by combining tokenization, introduced ten years ago to protect sensitive personal and payment data, with biometric authentication for secure, seamless checkout. Additionally, the risk of fraud is minimized.

Visa 98

Visa Authentication Payments Issuers 98

PYMNTS

JULY 1, 2020

We’re starting to see a real shift from that sort of legacy, which hasn’t gone away by any means, into more of a focus on the consumer experience,” Norris said. He also said that what consumers want most keenly in the post-pandemic world is to feel safe and secure. A Low-Touch Future. Tokenization Can Help Build Sales.

Consumer 100

Consumer Risk Mitigation Point-of-Sale (POS) Mitigation 100

Payments Source

FEBRUARY 5, 2019

Young consumers don't have long credit records, but they do make lots of recurring payments that can feed credit risk decisioning, according to Barrett Burns, president and CEO of VantageScore Solutions.

Consumer 65

Consumer Payments Data Credit Risk Payments 65

PYMNTS

FEBRUARY 6, 2020

The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR) rules that will set the stage for Open Banking in the country, which will take effect on July 1 of this year. Nacha Unlocks Payments Data.

Payments Data 73

Payments Data Payment APIs and Integration Credit Union NACHA 73

Payments Dive

JUNE 19, 2017

Have advances in security provided reassurance to consumers that sensitive payment card data is being protected? This infographic looks at the results of a survey of US, UK and Australian adults which found 67% are concerned about the security of their credit/debit card data.

Data Security 75

Data Security Payments Data Security Debit Card 75

PYMNTS

MAY 16, 2019

From finding a nearby restaurant to finding a date, smartphone location controls are used by consumers for many cases. These mobile controls, however, also offer consumers a powerful tool for dealing with arguably higher stakes: the risk of credit card fraud. percent of consumers believe location controls could reduce their fraud risk.

Consumer 77

Consumer Debit Card Credit Cards Card Issuer 77

PYMNTS

DECEMBER 12, 2019

Even that holy grail has a holy grail — where data is accessible and usable in real time. Payments are becoming increasingly invisible, embedded in the consumer experience offered by merchants. Larger merchants consume the data directly, and use it [in] the ways they need to.

ISVS 59

ISVS Payments Data Payments Embedded Payments 59

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data.

Privacy 88

Privacy Payment Security AI Security 88

FICO

DECEMBER 20, 2018

For my predictions, I’ll focus on four areas of tactical concern within consumer banking that I feel confident bank executives will make significant progress addressing 2019. The introduction of faster payment rails, which are starting to replace antiquated clearing and settlement networks in the U.S. The good times are over.

Consumer 73

Consumer Emerging Payments OCC FDIC 73

Finextra

MARCH 31, 2025

Global analytic software leader FICOs analysis of UK credit card payments data from the past six years has revealed that consumers developed healthier credit card payment patterns during the pandemic, and those patterns have not fallen back to pre-pandemic levels.

Consumer 52

Consumer Credit Cards Payments Payments Data 52

Fintech Finance

OCTOBER 30, 2024

By expanding Tap to Pay on iPhone to new markets, Adyen holds its promise to be at the forefront of innovation and provide best in class solutions for in-person payments. “We Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure.

Contactless Payments 87

Contactless Payments Debit Card Encryption Security 87

Payments Source

JUNE 12, 2018

Above all, open banking helps financial institutions improve the user experience, increasing customer satisfaction and addressing consumer needs, writes Aurimas Adomavicius, president and co-founder of Devbridge Group.

Payments Data 77

Payments Data Innovation Addressing Payments 77

Payments Source

NOVEMBER 19, 2018

Data from real-time payments creates powerful opportunities for upselling and cross-selling because it reveals what, when, and how people and businesses actually consume, writes Michael J. Alfonsi, senior vice president of digital solutions and strategy at Exela Technologies.

Faster Payments 76

Faster Payments Payments Data Real Time Payments Payments 76

The Payments Association

MARCH 19, 2025

Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape. These innovations offer businesses and consumers a way to move money faster, cheaper, and more securely. In fact, a staggering 90% of firms still use spreadsheets for payment reconciliation.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

PYMNTS

MARCH 8, 2019

That holds especially true as more consumers think about the trade-off of free online services, such as email and the data they give to banks and other businesses. Any company seen as recklessly harvesting, storing, manipulating or selling their consumer data — to saying nothing of suffering a data breach — is promised bad PR.

Consumer 68

Consumer Risk Regulations Compliance 68

Fintech Finance

MARCH 11, 2025

In fact, 63% of travelers are reluctant to store their payment details with travel companies due to concerns over fraud, data privacy, and unauthorized charges. A third of respondents said they do not trust travel companies to keep their payments data secure at all, fearing details would be lost during a data breach.

Payment Security 96

Payment Security Security Data Breach Authentication 96

Fintech News

JUNE 4, 2024

Since its launch in 2014, Visa’s tokenisation technology has replaced sensitive payment data with cryptographic keys, enhancing security and making digital payments safer. Tokenisation can be embedded into any device, making digital payments more secure while being virtually useless to scammers.

AI 111

AI Issuers Payments Data Security 111

Payments Source

JANUARY 28, 2018

Consumers are more than willing to share retail payment information, geolocations, as well as Uber, OpenTable, Facebook, and Twitter information. However, they have high expectations for what they receive in return, writes Lisa Woodley, vice president of FSI customer experience for NTT Data Services.

Payments Data 76

Payments Data Risk Returns AI 76

Payments Dive

FEBRUARY 21, 2023

The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories.

Card Issuer 97

Card Issuer Issuers CFPB Payments Data 97

PYMNTS

SEPTEMBER 5, 2018

Consumers want what they want, when they want it – and they want to be able to feel confident that they can trust what they choose, whether it’s shopping online, contemplating a connected car or choosing between a card and a mobile payment method. 100 million: The number of verified transactions Jumio has under its belt.

Consumer 64

Consumer Agreements Mobile Payments Transactions 64

Fintech News

JANUARY 13, 2025

Effective expense management, however, depends on how well a company captures and processes information, approves transactions, ensures accurate financial accounting, and uploads correct payment data. Error Detection: Identifies anomalies in the data, helping prevent errors.

AI 120

AI Finance Automation SWIFT 120

Stax

MARCH 5, 2025

Fact: modern consumers are increasingly gravitating towards eCommerce businesses. Payment processors undeniably play a critical role in the success of your online store; all shoppers wont be able to make purchases through your website without a robust payment solution. all while increasing revenue.

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

PYMNTS

MARCH 12, 2020

Earlier this year , all four of Greece’s main banks were forced to enact security protocols after a data breach, and 15,000 consumer cards were canceled. Consumer information was compromised on a tourist website and Alpha Bank, Piraeus Bank, Eurobank and the National Bank of Greece were all forced to cancel cards.

Payments Data 62

Payments Data Breach Data Breach Compromise 62

PYMNTS

MARCH 5, 2020

By looking at things like on-time rent payments or a lack of bounced checks, credit bureaus are aiming to generate “alternate credit scores” for consumers who otherwise have too little credit history to receive the traditional credit scores that banks typically require for loans.

Payments Data 56

Payments Data Assessments Payments Payer 56

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. Tokenization is at the heart of the next generation of secure, contactless payments. With the global wearables market expected to reach $80.39

Visa 122

Visa Technology Financial Inclusion Contactless Payments 122

FICO

SEPTEMBER 24, 2021

Do FICO Scores Consider Telco and Utility Data? FICO® Scores have always considered telco and utility payment data that is furnished to the three nationwide U.S. The inclusion of telco and utility payment information dates back to the release of the very first FICO Scores in 1989. The unequivocal answer is yes!

Financial Inclusion 96

Financial Inclusion Credit Cards Payments Data Assessments 96

PYMNTS

JANUARY 22, 2020

The government has experience with large-scale data collection, done digitally and at scale – witness the issuance of the 12-digit individual identification numbers via the Unique Identification Authority of India.

Laws 56

Laws Payments Data Non-Bank End User 56

Fintech Finance

FEBRUARY 13, 2025

Powered by timely and large-scale payments data from multiple financial institutions, TRACE provides holistic intelligence beyond an individual financial institutions siloed view, enabling tracing of financial crime across a payments network.

Money Laundering 76

Money Laundering Financial Crimes Crime Visa 76

Finovate

SEPTEMBER 16, 2024

From my fellow panelists, I heard insights about bridging ecommerce and in-store experiences for Gen Z consumers who want seamless technology-driven relationships. That experience empowered me to build comprehensive payments data infrastructure of Walmart sellers.

Consumer 59

Consumer AI Embedded Finance Automation 59

PYMNTS

DECEMBER 29, 2020

Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. One popular scam sees fraudsters pretending to be government officials and alleging that consumers need to hand over payments data to receive relief funds.

Debit Card 121

Debit Card Online and Mobile Banking Scams Card Issuer 121

Fintech Finance

OCTOBER 24, 2024

Ahead of Money20/20 US, Visa , a global leader in digital payments, today published the State of Scams: Fall 2024 Biannual Threats Report. The latest edition of the report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime.

Scams 98

Scams Ransomware Governance Government 98

FICO

OCTOBER 12, 2021

This is the highest level since FICO started compiling the data eight years ago. The change in consumer behaviour over the last 12 months is also illustrated in a 25 percent increase since January 2021 in average sales on credit cards. However, uncertainly remains as to how long the extra savings will prop up the payment rates. .

Credit Cards 52

Credit Cards Consumer Travel Rule Issuers 52

Fintech Finance

MARCH 30, 2025

With FreedomPay as our partner, we’re advancing our commitment to making top-tier payment technology accessible and effective for every business.” ” The SumUp platform empowers merchants and enterprises globally by integrating payments, financial services, and business management solutions into a seamless ecosystem.

Payment Gateways 59

Payment Gateways Gateways Security On-Demand 59

PYMNTS

DECEMBER 4, 2020

1 eCommerce payment processor in the U.S. Morgan’s card-present and card-not-present processing scale can provide uniquely valuable insight into consumer spending during the peak holiday shopping season,” Smith said. . “As the No. with 2019 transaction volume exceeding $1.5 trillion, J.P.

Online and Mobile Banking 115

Online and Mobile Banking NOV Treasury Processors 115