NFCW

JULY 3, 2024

The apparel industry alone will be responsible for issuing more than 62.5bn Digital Product Passports a year by 2030, ABI Research predicts, generating annual revenues of US$1.59bn for suppliers of supporting IT and software.

Product 87

Product Regulatory Compliance Compliance Authentication 87

Fintech Finance

JUNE 20, 2024

Forter , the Trust Platform for digital commerce, released findings from a national consumer study that found the majority of respondents (61%) have shifted their online shopping habits as a result of higher prices, signalling a need for brands to evolve with their customers. Of those using BNPL, 56% are doing so to help manage their costs.

Consumer 84

Consumer BNPL Research Credit Cards 84

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. However this is also influenced by other prevailing macroeconomic trends.

FinTech 120

FinTech Consumer Financial Inclusion On-Demand 120

Fintech Finance

JULY 30, 2024

New findings show that adoption rates of Open Banking payments are increasing, with more than 58% of fintechs now offering this type of payment for financial services products. However, a survey of consumers revealed a mixed picture when it comes to adoption and attitudes towards Open Banking payments, also known as pay-by-bank.

Research 79

Research Continuity FinTech Cross-Border Payments 79

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 111

Consumer Financial Literacy Regulations AI 111

Fintech Finance

OCTOBER 28, 2024

1 This, coupled with the market’s expansion, opens a significant opportunity for SaaS platforms to embed into their offerings more advanced financial products like business accounts, loans, and issued cards. To differentiate in an increasingly competitive market, platforms must consider integrating financial products in their offering.

Embedded Payments 84

Embedded Payments Embedded Finance Research Finance 84

The Payments Association

NOVEMBER 19, 2024

In today’s competitive landscape, implementing a card product can be a powerful addition for businesses looking to enhance customer loyalty, streamline expenses, or broaden their financial offerings. Designing and launching a debit or credit card product requires navigating a complex web of stakeholders and intricate processes.

Product 88

Product Push-to-Card Card Issuer Issuers 88

The Fintech Times

JULY 5, 2024

As the number of people paying for and benefiting from financial advice lessens over time, the lang cat has questioned the success of the FCA’s Consumer Duty regulation, which was introduced to provide better outcomes for consumers. “This is not a criticism of the profession – in fact, it makes complete sense. .

Consumer 69

Consumer Consulting Regulations Research 69

The Fintech Times

AUGUST 15, 2024

Many consumers are dissatisfied with the digital services offered by financial institutions, with a significant number seeking better access to financial products and personalised advice, research has revealed. “However, there’s only so much the government can do to bring modern data solutions to its citizens.

Research 59

Research Governance Government Finance 59

Fintech Finance

OCTOBER 16, 2024

Currys , the UK retailer that helps everyone enjoy amazing technology, has unveiled a revamped credit product to allow its customers to pay for tech at their pace. They are also 20% more likely to purchase complete solutions and linked products, and over twice as likely to return and shop again at Currys within 12 months.

Product 89

Product Finance Technology Credit Cards 89

Fintech Finance

JULY 11, 2024

consumers have used Buy Now, Pay Later (BNPL) loans with 89% stating they are satisfied or very satisfied with the credit product. The research, conducted among 1,200 U.S. consumers in the second quarter of 2024, explored the general usage and behavior of consumers around BNPL loans. Millions of U.S.

BNPL 73

BNPL Consumer Research Financial Inclusion 73

FICO

AUGUST 29, 2022

FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises. Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. consumer reporting agencies (CRAs). Average U.S. by Ethan Dornhelm. expand_less Back To Top.

Consumer 98

Consumer Credit Cards Payments Governance 98

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 83

Consumer Cross-Border Cross-Border Payments PayPal 83

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 75

Consumer Crime Research Authentication 75

PYMNTS

AUGUST 17, 2020

What we see in those numbers are the glimmers of a “V-shaped” recovery in those segments where consumers really value and want to return to the physical retail experience – with restaurants leading every other sector. And what we also see is only one part of the retail sales story. And where are they spending their money?

Economy 134

Economy Adjustments Consumer Product 134

The Fintech Times

FEBRUARY 12, 2024

New research has been released by Capital One Insights Center , the research facility for the America-based bank, revealing the extent of consumers’ digital and financial literacy. The Capital One research shows some promising signs and some causes for concern simultaneously.

Financial Literacy 69

Financial Literacy Consumer Online and Mobile Banking Enrollments 69

The Fintech Times

FEBRUARY 15, 2024

Fairer Finance , the consumer group, research agency and consultancy, has launched a ‘Fair Value Report’ tool, enabling financial service firms to assess the value offered by their products by benchmarking them against the wider market.

Product 64

Product Finance Assessments Credit Cards 64

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. The post Minna Technologies Finds Subscription Services Lagging Behind Consumer Expectations appeared first on The Fintech Times.

Technology 64

Technology Consumer On-Demand Consulting 64

The Fintech Times

APRIL 27, 2024

These requirements include banning universal default passwords, reporting security vulnerabilities and requiring manufacturers to reveal how long they will support each product. ” “It is positive that the Act is requiring manufacturers to say how long they will support each product.

API 124

API Cybersecurity Authentication Security 124

The Fintech Times

NOVEMBER 25, 2024

million people) have noticed a subscription payment coming out of their bank account that they could not recognise or had forgotten, according to new research by online prepaid payment firm Recharge. “Prepaid payments products are one of the ways to do this, bringing a hard cap to spending with specific merchants or cards.

Research 59

Research Payment Issues Caps Economy 59

Fintech Finance

OCTOBER 8, 2024

Research from Chargebacks911 , the global chargeback technology leader, shows that unrecognised transactions are the leading reason for customers to dispute a transaction, causing a significant headache for merchants, draining resources and impacting their bottom line. merchants more than £128 million each year. trillion.

Disputes 82

Disputes Consumer Transactions Cross-Border 82

PYMNTS

JANUARY 18, 2021

A big part of the agenda is about the shift to digital in a world where, according to PYMNTS research, more than 124 million Americans have already made the digital shift for shopping for retail products, groceries and food from restaurants since March of 2020. But those same shoppers didn’t shift their spend to those stores online.

Consumer 123

Consumer Caps Research On-Demand 123

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 survey of 2,000 UK consumers was conducted by emerchantpay to gain deeper insights into the factors influencing consumers’ payment decisions.

Privacy 71

Privacy Consumer Security Payments 71

The Fintech Times

OCTOBER 22, 2024

Ethical and environmental considerations are becoming increasingly important for consumers – and are looking to banks, insurers and other financial providers to help them make financial decisions with these in mind, new research commissioned by CRIF , the consumer and credit information provider, has found.

Product 52

Product On-Demand Consumer Finance 52

PYMNTS

SEPTEMBER 29, 2020

Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead. Developing better financial products for consumers and opening new funding channels for companies will all help the recovery.”. Researchers also highlighted the opportunities for global corporates.

Instant Payments 129

Instant Payments B2B Innovation ISO 20022 129

The Fintech Times

MARCH 27, 2024

Financial service providers may be shirking their consumer duty responsibilities, according to new research from open banking, open finance and payments provider Moneyhub. The new research also highlights a difference in the service provided to consumers depending on their income.

Service Provider 64

Service Provider Finance Rules Consumer 64

Finovate

NOVEMBER 19, 2024

Blackhawk Network (BHN) is transitioning Mastercard’s open-loop prepaid products from plastic to paper-based materials, aligning with Mastercard’s goal to eliminate PVC plastics from payment cards by 2028. Photo by DS stories The post Blackhawk Network Teams with Mastercard to Add Paper Prepaid Products appeared first on Finovate.

Visa 52

Visa Product Issuers Card Issuer 52

PYMNTS

NOVEMBER 30, 2020

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. consumers on Nov. The COVID-19 pandemic accelerated consumers’ shift to digital-first commerce. Our research shows that 74.1 It is also 27.1

Debit Card 128

Debit Card PayPal Credit Cards Consumer 128

PYMNTS

DECEMBER 17, 2020

percent of all consumers have switched from in-store to online shopping. consumers — 57 million people — say they are ordering more groceries online for home delivery now than they did before the pandemic’s onset. The consumer survey in the report shows that 79.6 The consumer survey in the report shows that 79.6

Point-of-Sale (POS) 132

Point-of-Sale (POS) Debit Card Fraud Detection Digital Payments 132

The Fintech Times

SEPTEMBER 24, 2024

Recent macroeconomic and geopolitical issues across the globe have hit consumers where it hurts the most: their wallets. In the UK, 29 per cent of adults reported that their financial health has deteriorated over the past six months alone, according to new research from data and payments fintech Moneyhub.

Financial Literacy 69

Financial Literacy Consumer Service Provider On-Demand 69

The Fintech Times

FEBRUARY 16, 2024

New research from Economist Impact supported by Temenos has revealed that almost half of European banks are investing in fintech start-ups while 36 per cent are building their own greenfield digital bank or fintech company. The research also included interviews with industry practitioners to gain further insights.

AI 139

AI Multi-Currency Non-Bank Underserved 139

The Fintech Times

AUGUST 3, 2024

The Financial Conduct Authority (FCA) introduced Consumer Duty, aiming to improve consumer protection standards across the financial industry. In 2023, the FCA described Consumer Duty as a ‘cornerstone’ to of three-year plan to improve standards across the UK. Firms had to comply with these rules by 31 July 2023.

Consumer 59

Consumer Rules Duplicate Regulations 59

The Fintech Times

AUGUST 16, 2024

As consumers become increasingly price-conscious and expect greater payment choices, over 56 per cent have also changed their spending habits from this time last year, payment processor and digital wallet provider Paysafe has revealed. Thirty-two per cent now also use a wearable device, such as a smartwatch, to pay.

Consumer 64

Consumer Push-to-Card Debit Card Processors 64

Open Banking Excellence

NOVEMBER 9, 2023

Since Open Banking launched in January 2018, seven million consumers and businesses have used it. The adoption of account data services has lagged behind Open Banking payments, whilst the number of Open Banking use cases is limited and it has not yet entered daily or weekly usage for most consumers and businesses.

Use Case 130

Use Case API Fraud Prevention Risk 130

Tearsheet

SEPTEMBER 30, 2024

Financial products have become an integral part of strategy for retail brands, and for good reason: embedded finance allows brands to go from being behind the counter to connecting more deeply with how consumers spend, store, and save their money.

Embedded Finance 97

Embedded Finance Finance Payment APIs and Integration Duplicate 97

CB Insights

MAY 23, 2023

Embedded insurance — the integration of insurance into a digital product on a third-party platform or marketplace — is becoming more popular as a way to boost revenues and improve customer experiences. For consumers, these products can provide faster, more convenient, and more accessible insurance options.

Underwriting 90

Underwriting Payroll Research Product 90

The Fintech Times

FEBRUARY 27, 2024

From supply chain disruptions to shifting consumer demands, the aftermath of the pandemic has ushered in a period of uncertainty and volatility, driving significant increases in the cost of living worldwide. “As consumers navigate tighter budgets, the efficiency and cost-effectiveness of digital transactions have become pivotal.

Financial Inclusion 102

Financial Inclusion Online and Mobile Banking Transactions Consumer 102