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Fintech Finance
OCTOBER 29, 2024
Visa (NYSE:V) , a global leader in digital payments, announced new capabilities that enable frictionless, provisioned virtual card push-to-wallet experiences. Virtual card transactions will exceed 121 billion globally by 2027, increasing 340% from 28 billion in 2022 1 , according to Juniper Research.
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Payments Source
MAY 5, 2021
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144 
Payments Source
APRIL 16, 2019
Payments providers can use this announcement as a chance to evaluate their mobile payment offerings and gain a better understanding of consumers’ evolving expectations in order to better serve their merchants, writes Casey Bullock, general manager of global enterprise e-commerce for North America at Worldpay.
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Payments Source
DECEMBER 22, 2020
Consumers avoiding stores because of COVID-19 have driven triple-digit sales growth of Blackhawk’s gift cards sold through retailers’ websites, with the final weeks of the year expected to push digital cards to a tipping point.
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PYMNTS
OCTOBER 12, 2020
In a time of increasing change for retailers and consumers, the current global climate has begun accelerating the future of retail trends at a much quicker pace than previously envisioned. However, one thing still rings true: Consumers need a reason to change ingrained behaviors. By contrast, U.S. By contrast, U.S.
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PYMNTS
OCTOBER 18, 2020
The COVID-19 pandemic has produced one ray of sunshine amid otherwise devastatingly dark clouds: Consumer credit scores have improved in recent months to the point of hitting a new record high, the Wall Street Journal reported Sunday (Oct. For many years, consumers have been credited with driving about two-thirds of U.S.
103 
Stax
DECEMBER 2, 2024
In recent years, market adoption of credit card surcharging—a practice by which merchants pass on the transaction fee for accepting a credit card to the cardholder—has increased dramatically. In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally.
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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
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PYMNTS
NOVEMBER 23, 2020
As of late October, data released by LendingTree indicated that a quarter of consumers were already finished with their holiday shopping for 2020. A pick-up in consumers looking to get the jump on the biggest shopping season of the year seems to be a certainty, with large swaths of customers buying more and earlier.
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Paystand
DECEMBER 3, 2024
Table of Contents What Is a Push-to-Card (P2C) Payment? How Do Push-to-Card Payments Work? How Are Push-to-Card Payments Used? What Are the Advantages of Push-to-Card Payments? What Is an Example of a Push Payment?
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Payments Source
MARCH 28, 2019
consumers to send cross-border remittances in real time via Visa Direct, the card network’s debit push-payments service. Visa and Remitly have formed a partnership enabling U.S.
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Stax
DECEMBER 6, 2023
In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.
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Fintech Finance
AUGUST 22, 2024
The service is available for the holders of NBK Debit Cards (Only on international spends), NBK Foreign Currency Prepaid Card, and NBK Multi-Currency Prepaid Card. The service is available for the holders of NBK Debit Cards (Only on international spends), NBK Foreign Currency Prepaid Card, and NBK Multi-Currency Prepaid Card.
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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. 2023 saw the introduction of a new Consumer Duty, setting higher and clearer standards of consumer protection across financial services, and requiring firms to put customers’ needs first.
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Fintech News
OCTOBER 28, 2024
Payments giant Mastercard has introduced Bill Qkr , a digital solution aimed at simplifying recurring and one-time bill payments for consumers and businesses. The service also improves guest checkout through Click to Pay, enhancing the ease of online transactions while increasing approval rates.
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PYMNTS
JANUARY 27, 2021
Going to the branch still outscores using a bank website, according to PYMNTS’ recent Paradigm Shift report , and consumers would still rather get their messages from their financial institution via an email than via a mobile app. What Consumers Need . A good example of this phenomenon in action is loyalty rewards.
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PYMNTS
NOVEMBER 23, 2020
In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy. Under that strategy, Visa is pushing to become a “single point of access for initiating multiple transaction types” while also laying the foundation for the “secure movement of money.”.
Fintech News
OCTOBER 21, 2024
Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.
PYMNTS
DECEMBER 11, 2020
That’s the reality that the majority of consumers — 78 percent, according to Blackhawk’s data — are already anticipating a post-pandemic world where their shopping habits will permanently shift to digital. Digital Gift Cards ’ Growth. She said a few factors — some more obvious than others — are pushing that trend.
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PYMNTS
JUNE 22, 2020
And as the spending is curbed, from the top down, the economic recovery may be pushed out a ways, or even stalled. Drilling down into types of spending, two-thirds of the total reduction in credit card spending since January had come from that cohort. Call it the trickle down theory – in reverse.
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PYMNTS
NOVEMBER 12, 2020
Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.
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Fintech Finance
OCTOBER 15, 2024
Card payments dominate the Nordic payment landscape, with 90 percent of shoppers using them for contactless payments either daily or once a week. Cards dominate but mobile payments are rising 76 percent of Nordic consumers use some form of mobile payment in physical sales locations.
PYMNTS
JANUARY 1, 2020
As of today, a little under 13 years after the launch of M-Pesa in Kenya, there are nearly 200 million consumers subscribed to mobile money services. There are hundreds of millions of consumers in Africa that have not so much as touched a shilling, let alone used one to pay, in over a year. Those questions have been answered. .
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The Payments Association
OCTOBER 14, 2024
Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. Rivero co-founder Fatemeh Nikayin tells Payments Intelligence: “Today’s surge in current account switching is driven by consumers seeking more than just basic banking services.
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Fintech Finance
NOVEMBER 5, 2024
MeaWallet , a leading digital payments enabler specialising in card tokenization, today announced several updates to its products in support of Click to Pay. The Click to Pay payment method is designed to deliver a seamless and secure online payment experience, enhancing both convenience and speed for consumers and merchants.
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PYMNTS
AUGUST 4, 2020
Consumers worldwide are realigning their entire lives around digital — and looking for financial services providers to meet their new, emerging lifestyles. “We What sets digital challengers apart, he said, are “mission-driven cultures” that aim to create more than just digital vaults in which consumers place their funds.
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PYMNTS
NOVEMBER 4, 2020
Various digital methods have since joined these options as consumers have embraced smartphones and other electronic devices, but the COVID-19 pandemic has been accelerating digital uptake in an unprecedented way. Many of the numerous ordering and payment methods that today’s QSR customers enjoy have taken time to evolve and catch on.
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Fintech Finance
JANUARY 12, 2024
Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets.
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PYMNTS
OCTOBER 8, 2020
Consumers love the opportunity to get paid instantly when they can. But with innovation comes risk — and anything that consumers use will always attract fraudsters looking to steal a cut of the action. . There is nothing Venmo can do to stop a consumer from willingly sending their money to a crook,” Edwards said. .
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PYMNTS
SEPTEMBER 23, 2020
Consumer engagement has become a very different ballgame for financial institutions (FIs) in the past several months, as the physical branches that were the cornerstone of making connections with customers closed down. More generally, financial institutions are now in the position of having the highest [level of U.S.
PYMNTS
JULY 2, 2020
Consumers’ commerce patterns have been very much upended in the past few months and shifted heavily to digital. On the upside, this digital gold rush has created an opportunity for merchants to push about a decade’s worth of digital innovations out the door in weeks. based consumer suddenly shopping from a Zimbabwe-based IP address.
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PYMNTS
AUGUST 14, 2020
Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. The Challange With Card-Not-Present Transactions . The Challange With Card-Not-Present Transactions . that’s not the case much anymore.
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PYMNTS
MARCH 26, 2020
million recipients faster through Direct Express, where Comerica Bank acts as the Treasury Department’s financial agent for prepaid debit cards. million recipients faster through Direct Express, where Comerica Bank acts as the Treasury Department’s financial agent for prepaid debit cards. But those options are there, and at the ready.
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PYMNTS
NOVEMBER 16, 2020
It takes consumer data to make PIX work. He said existing instruments will have to live together to allow consumers to decide what works best for them. Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments system.
Fintech Finance
SEPTEMBER 4, 2024
Almost £60 million has been reported stolen through card fraud over the past three years in the UK according to new research from Trustly, the global leader in open banking payments. Credit card fraud is the most costly and common type of card fraud, according to Trustly’s research.
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PYMNTS
NOVEMBER 18, 2020
Add to that the fact that consumers often don’t pay — not because they can’t, but because they get entirely lost in the “complexity … of payments hoisted on them,” he said. One such innovation has been i2c’s collaboration with SmartHealth to use an open banking platform to build the first credit card dedicated solely to healthcare.
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Open Banking Excellence
MARCH 5, 2024
While new regulations will help push the market in the right direction, it is already in banks’ hands to make Open Banking work and allow their customers to share their financial data and tap into the benefits that Open Banking creates, says Stacey Wilkinson, API Growth Manager at NatWest. That’s going to be quite hard to shift,” says Wright.
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Fintech Finance
JULY 19, 2024
Jifiti , a global embedded lending technology company, has announced the release of its Tap Now, Pay Later technology, which enables consumers and business customers to easily add their approved loan or credit funds into any digital wallet, including Apple Pay, via virtual card. and Europe.
PYMNTS
NOVEMBER 12, 2020
Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Wells Fargo also reported heightened debit card usage.
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The Payments Association
OCTOBER 28, 2024
In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. What’s next?
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PYMNTS
MAY 27, 2020
As PYMNTS found in a recent consumer study, 40 percent of individuals are doing more of their daily retail and transactions online, partly because, well, there’s no other way to do it. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”. As Good noted, four in 10 U.S.
Fintech News
NOVEMBER 6, 2024
The platform launched at the Singapore Fintech Festival with partners including Changi Pay, DCS Card Centre, eft Payments (Asia) Limited, FavePay, GLN, Google Pay, MariBank, Pyng, ShopeePay, and WeChat. This many-to-many approach fosters competition, driving improvements and innovation that benefit both consumers and merchants.
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PYMNTS
JANUARY 25, 2021
According to Ossama Soliman , chief product officer at open banking provider TrueLayer , the very fact that there are so many payment options pushes new entrants to differentiate themselves from the pack. “But But actually, it raises the bar for what it takes to add a new payment method into the checkout.”. Click, Biometric, Done.
120 
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. But what is pushing people to change their payment habits?
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