Open Banking Excellence

MARCH 15, 2024

A look at four of Australia’s Open Energy use cases While the world has taken Europe’s lead on Open Banking, Australia started with an economy-wide approach informed by the Consumer Data Right (CDR), which implemented economy-wide Open Data.

Use Case 147

Use Case Non-Bank Consumer Accreditation 147

Fintech Finance

JUNE 17, 2024

In this new role, Scott will oversee the company’s expansion into new markets, drive consumer engagement and accelerate the adoption of its innovative open banking solutions. Commenting, TrueLayer Co-Founder and CTO Luca Martinetti said: “Lisa’s exceptional track record in taking products to market and consumer engagement speaks for itself.

Consumer 95

Consumer Alternative Payment Methods PayPal Use Case 95

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

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. Mastercard Taps FinTech for Biz Card Boost.

Use Case 64

Use Case Payment APIs and Integration FinTech Payroll 64

PYMNTS

JANUARY 21, 2020

Commerce operators such as Macy’s and Timberland , for instance, are showing how to use virtual reality-equipped smart mirrors for such tasks from product testing to checkout. Larger Trends. The spread of VR and AR technology is not confined to physical retailers, either — eCommerce giants are getting into the game as well.

Use Case 84

Use Case Addressing Research Technology 84

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

DECEMBER 30, 2020

Between the explosion of the digital economy driven by the pressures of the pandemic and the radical realignment of consumer preferences that has happened as a result, the year 2020 has seen digital payments accelerate at something approaching warp speed. It’s a consumer choice, [offering] everything and anything they want,” Turner said. “We

Consumer 112

Consumer Visa Faster Payments Instant Payments 112

Global Fintech & Digital Assets

MARCH 5, 2024

Regulator sets out its expectations for banks looking to provide digital asset custody services, and sell and distribute tokenised products. Additionally, the Securities and Futures Commission (SFC) and the HKMA published guidance around distribution of virtual asset products (e.g.,

Authorization 59

Authorization Product Due Diligence Procedures 59

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. New use cases are arising,” Edwards said.

Instant Payments 121

Instant Payments Payer Consumer Debit Card 121

Stax

APRIL 25, 2024

Most modern consumers are used to purchasing products and services across multiple channels (i.e., Todd Bledsoe, Product Marketing Manager at Stax, says it best: “Card-present tokenization enables merchants to truly deliver a seamless omnichannel experience in managing and conducting transactions.

Credit Cards 88

Credit Cards Use Case Returns Transactions 88

Open Banking Excellence

MARCH 5, 2024

“A sustainable economic model will encourage greater collaboration and innovation and expansion of products down the line and really drive improvements in customer journeys,” says Wright. The PSR ’s (Payment Systems Regulator) approach is not sustainable,” he explains. “It

Innovation 147

Innovation Payment APIs and Integration Push-to-Card Use Case 147

The Fintech Times

FEBRUARY 27, 2024

However, as was the case in the telecommunications industry, innovation doesn’t end because a product becomes commoditised. A2A payments The new Apple-open banking combo gives consumers the option to make account-to-account (A2A) payments and also cuts out cards altogether.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

Faster Payments Council

JULY 21, 2020

Faster Payments Council (FPC), in partnership with Glenbrook, today released the research white paper, "Faster Payments and the Potential to Transform Consumer Bill Pay." The bank bill pay model where the consumer interacts with its online/mobile banking platform to request a payment be sent to the biller's bank.

Faster Payments 68

Faster Payments FPC Research Consumer 68

Fintech News

AUGUST 13, 2024

A recent study by Visa has revealed that 83% of Gen Z consumers in Singapore are aware of generative artificial intelligence (AI) and its potential to enhance their banking experiences. Singaporean consumers, regardless of age, are showing a strong inclination toward using generative AI for various banking services.

AI 89

AI Fraud Detection Automation Use Case 89

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

Fintech Finance

FEBRUARY 28, 2024

Today Mastercard announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumer and small business debit issuers as well as consumer prepaid issuers in the U.S.

Visa 59

Visa Accounts Issuers Online and Mobile Banking 59

PYMNTS

DECEMBER 23, 2016

In the world of IoT, a new connected billboard may be able to tell what products shoppers are most likely to be interested in buying and pinpoint the best time to display a relevant ad for them. RADAR uses data analytics to review mobile data and more effectively target consumers based on their digital data and movements.

Consumer 61

Consumer Product Use Case 61

Nanonets

MAY 10, 2024

  Whether you are launching a new product or improving an existing one, market research is necessary to understand the market trend and user perception. Through market research, businesses understand their customers sentiment, monitor pricing, plan product launches, and do competitor analysis.

Research 52

Research Use Case Automation Legal 52

The Fintech Times

MARCH 1, 2024

Payments giant Mastercard has launched its new ‘Open Banking for Account Opening’ programme for select US debit and prepaid products, hoping to streamline and secure account opening.

Card Issuer 64

Card Issuer Issuers Visa Online and Mobile Banking 64

Fintech Finance

MARCH 15, 2024

Following the service launch in July 2023 with 35 participating institutions, FedNow Service adoption and network volume continues to gain traction as participants enable instant payment processes, identify in-demand use cases, and raise awareness of instant payment products and services among their customers.

Federal Reserve 52

Federal Reserve FedNow Participant Instant Payments 52

The Fintech Times

MAY 30, 2024

.” As the most used blockchain for stablecoin transfers, according to data from blockchain analytics platform Artemis , Solana has emerged as the leading blockchain to run tokenised transactions and is ideal for PYUSD as it continues to be used for payment use cases.

Stablecoins 119

Stablecoins PayPal Blockchain Venmo 119

The Fintech Times

AUGUST 27, 2024

Karna Luke, executive of customer products and services at Bank of New Zealand “While it sounds a little dull, API v2.1 is really the engine room of open data,” explained Karna Luke , executive of customer products and services at Bank of New Zealand.

API 69

API Fraud Detection Use Case Security 69

PYMNTS

FEBRUARY 24, 2020

In fact, the lights in the era of the connected smart home and Internet of Things (IoT) can do much more that will genuinely improve the lives of both consumers and businesses beyond simple illumination. It is about the use cases and the value we can create for the consumer and the professional customer.

Innovation 88

Innovation Use Case Consumer Product 88

Fintech Finance

JANUARY 11, 2024

a technology company pioneering a new category in payments called Refunds as a Service announced today at the Consumer Electronics Show (CES 2024) that Visa executive Mike West has joined as a Strategic Advisor. TodayPay Inc.,

PayPal 59

PayPal Use Case Value Added Service Advisors 59

The Fintech Times

JUNE 26, 2024

Open banking will have a modest impact on banking, but a greater impact on advertising Open banking will continue to be relevant but is unlikely to change the basis of competition in consumer banking. In countries where open banking has had a decade or more to mature, no “killer” use case has emerged on the new service front.

Embedded Finance 105

Embedded Finance FinTech Innovation Use Case 105

Nanonets

MAY 12, 2024

However, constantly collecting and keeping this data updated is extremely time-consuming and resource-intensive. Hence, businesses must use automated data collection processes to gain a competitive advantage.  The copy-paste method is useful when web scraping needs to be done for personal projects or one-time use cases.

Research 52

Research Use Case Product Automation 52

PYMNTS

MAY 28, 2020

In what appears to be an unprecedented move, a major eCommerce retailer is connecting its suppliers directly to consumers. Newegg , which is arguably the largest computer component and consumer electronics retailer, has announced a new program to help vendor partners sell directly, albeit through its platform.

Consumer 56

Consumer Use Case Business Continuity Continuity 56

The Fintech Times

JUNE 13, 2024

Sometimes this is the merchant’s fault, however, a mistyped payment card by the consumer can also cause frustration. Tokenisation unlocks a plethora of use-cases and benefits, such as helping turn everyday technology, like phones and cars, into commerce devices. Consumers will experience faster and safer checkouts.

Visa 69

Visa Online and Mobile Banking Card Issuer Issuers 69

PYMNTS

SEPTEMBER 26, 2019

announced that it has launched an eCommerce marketplace where merchants compensate consumers for their time and data. has created a global cryptocurrency (ASK) that enables consumer engagement. Instead of businesses paying Internet giants to reach consumers, they are able to compensate the customers directly with ASK.

Consumer 43

Consumer Database Cryptocurrency Use Case 43

Finovate

APRIL 25, 2024

Register today using this link and save 20%. Atomic Atomic’s PayLink simplifies subscription management by allowing consumers to efficiently manage, modify, and optimize recurring payments and subscriptions within their financial institutions. A look at the companies demoing at FinovateSpring in San Francisco on May 21 and 22.

Credit Union 52

Credit Union Payment APIs and Integration Irrevocability FedNow 52

PYMNTS

SEPTEMBER 30, 2016

Apple may be hoping the Apple Watch Series 2 resonates with consumers, but based on a new survey conducted by Bank of America Merrill Lynch, it may be the wireless earbuds, not the Apple Watch , that consumers are excited about.

Consumer 55

Consumer Use Case Product Innovation 55

Fintech News

DECEMBER 6, 2023

While consumers are rapidly adopting AI-powered LLMs, banks are proceeding with caution, mindful of data security. These examples show why LLM-based AI chatbots are a game changer: before, technological solutions had to be programmed for specific use cases.

Innovation 99

Innovation AI Use Case Posting 99

PYMNTS

SEPTEMBER 28, 2020

India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD). We created our payments product to go wide and deep for customers — they can pay their school fees, order food, order up an Uber,” Deora said.

Mobile Payments 135

Mobile Payments Payments Use Case Contactless Payments 135

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

The Fintech Times

MARCH 20, 2024

in key cities and use cases. Optimising consumer and business experiences During the event, Zhang Qingsong, deputy governor of the PBOC , stated that the rapid development and accelerated penetration of mobile payment in China in recent years have been pivotal in reducing transaction costs and promoting financial inclusion.

Use Case 59

Use Case Online and Mobile Banking Governance Government 59

The Fintech Times

JUNE 8, 2024

Together, we are poised to unlock new security and payments innovation possibilities for fintechs based in Africa and the Middle East, ultimately empowering businesses and consumers alike.” The post Onafriq and VGS Partner to Improve Virtual Card Security for Fintechs Across Middle East and Africa appeared first on The Fintech Times.

Security 64

Security FinTech Credential Interoperability 64

Fintech Finance

AUGUST 1, 2024

This positive trajectory, coupled with recent product and market expansion, adds further momentum to Thredd’s leadership in modern payments processing. The expansion we have seen is a testament to their resilience and the demand for new payments use cases in both B2C and rapidly growing B2B payments.”

BNPL 93

BNPL FinTech B2C Payment Networks 93