PYMNTS

AUGUST 3, 2020

The pandemic has pushed digitization from a “nice to have” to a “have to have” for consumers all over the world and across all age demographics. But as Karen Webster noted in a recent On the Agenda conversation with a panel of industry experts, a funny thing happened to consumers on their way to the digital forum.

Push-to-Card 107

Push-to-Card Ubiquitous On-Demand Use Case 107

Tearsheet

MARCH 21, 2024

This role is now also extending to shaping financial decisions and taking charge in managing household finances, as shared by Bunita Sawhney, Global Head of Consumer Products and Processing at Mastercard, during her presentation at the Tearsheet Gen Z Symposium held recently in NYC. Go to tearsheet.co/strawberryfrog

Financial Literacy 59

Financial Literacy Debit Card Credit Cards Push-to-Card 59

PYMNTS

APRIL 20, 2017

Can push payments make the push into full acceptance by consumers and corporates? In envisioning just what the concept of “push” payments means, Edwards said one need only think about how pull payments work. Push payments, he said, uses those exact same rails and the exact same instruments — but to pay people.

Push-to-Card 42

Push-to-Card Ubiquitous Checks Payments 42

PYMNTS

OCTOBER 21, 2016

Issuing a paper check can cost a company anywhere from three to ten dollars per check, and can consume as much as three weeks of time for printing, mailing, receipt, deposit and clearing. It may be a three week end-to-end process, but every enterprise is set up to pay by check – and every consumer knows how to cash one.

Push-to-Card 79

Push-to-Card Debit Card Instant Payments Payments 79

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). It flew in on Dec. Here’s where the canary flew in.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JULY 21, 2020

Microbusinesses have to pay bills, and they want to set up card acceptance programs and mobile and digital-wallet platforms for payments. They can issue cards tied to local merchants, [and] connect some rewards to loyalty toward the local market.”. Microbusinesses are the strength of the U.S. Making Microbusinesses Work Better.

Credit Union 83

Credit Union Economy Small Business Push-to-Card 83

PYMNTS

FEBRUARY 1, 2021

It has clarified the banking processes, but RTP is hardly ubiquitous within Italy, much less across the Eurozone. Another few dozen banks will be joining the instant payments scheme this year, said Camporeale, which pushes percentage of accounts that could use instant payments to 90 percent by the end of 2021.

Real Time Payments 100

Real Time Payments Instant Payments Online and Mobile Banking Push-to-Card 100

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Real time is getting ever closer to prime time.

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Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

JANUARY 3, 2020

Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. Rarely do consumers and businesses agree on anything as much as they have on instant. FinTechs led this charge and fueled much of the innovation.

Instant Payments 60

Instant Payments Payments Push-to-Card Ubiquitous 60

PYMNTS

FEBRUARY 18, 2020

Visa, Accor Team To Push Loyalty Past Points To Preference. Card-based rewards points are so ubiquitous these days, consumers are becoming increasingly immune to their charms. Card-based rewards points are so ubiquitous these days, consumers are becoming increasingly immune to their charms.

Push-to-Card 52

Push-to-Card Ubiquitous Payments Product 52

PYMNTS

JANUARY 18, 2021

Contactless payments have surged in popularity over the past year, fueled by both an increased reliance on digital banking as well as the effort to contain COVID-19’s spread by preventing consumers and workers from having to touch point of sale (POS) system surfaces or handle cash. Why And How Retailers Implement QR Code-Enabled Payments.

Contactless Payments 83

Contactless Payments Security Point-of-Sale (POS) Payments 83

PYMNTS

MAY 11, 2018

Apple and Goldman Sachs Group are in the midst of bringing a joint Apple Pay-designated credit card to market. The bump may have primarily come from more people trying Apple Pay for the first time, rather than existing Apple Pay consumers using it more often. Could that warm feeling could come courtesy of the new plastic card?

Credit Cards 50

Credit Cards Push-to-Card Ubiquitous Product 50

PYMNTS

OCTOBER 20, 2017

In a long-running series, Ingo Money CEO Drew Edwards has delved with PYMNTS’ Karen Webster into the lures and values of push payments, where money is moved directly onto users’ cards and accounts, on demand. Push payments to cards was highly rated given even the newness of the method. What will it take to save the trees?

Direct Deposit 43

Direct Deposit Push-to-Card Payments Checks 43

PYMNTS

JULY 4, 2019

consumers are using smartphones as part of their dining experiences. Most of these workers earn the bulk of their money in cash-based tips, which is becoming a problem as consumers increasingly go digital. From making restaurant reservations to ordering meals, a growing share of U.S. million Americans working as restaurant servers.

Real Time Payments 50

Real Time Payments Push-to-Card Payments Instant Payments 50

PYMNTS

APRIL 27, 2020

But it will take weeks for all monies to get to everyone, a timeframe that will likely be pushed as paper checks get sent through the mail to the millions of recipients who don’t have direct deposit set up with the IRS. Very slowly. The check, then, is in the proverbial mail, less than optimally, for people who need access to funds right now.

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Blockchain Tax Refunds IRS Fed 108

PYMNTS

SEPTEMBER 26, 2016

Same Day ACH is now a reality and, with much fanfare, represents the first ubiquitous faster payments initiative in the United States without an attendant regulatory mandate. Saks likened the “early days” of faster payments as one analogous to the advent of credit cards, which eventually shaped the way eCommerce is conducted.

Same Day ACH 71

Same Day ACH Faster Payments Ubiquitous ACH 71

PYMNTS

NOVEMBER 12, 2020

We learned resilient businesses were the ones that knew how to adapt to the new consumer needs [and] all the new commerce contexts. And that change in focus among brands, BigCommerce’s Rosales noted, has changed consumers. I think there are a lot of things that 2020 taught us for sure,” Kress said. “We

PayPal 73

PayPal Economy BNPL Consumer 73

PYMNTS

FEBRUARY 14, 2017

Enter the mobile payments push, where buying is a 24/7/365 proposition. Yet, we cling to credit cards and cash even as technology increasingly makes it easier to pay with virtual means. But it’s the friction that needs to be reduced at the consumer level that keeps customers coming and using mobile.

Ubiquitous 43

Ubiquitous Push-to-Card Payments Credit Cards 43

PYMNTS

SEPTEMBER 22, 2020

In the absence of corporate travel and entertainment, as the road warriors stay (and work) at home, it may make sense that commercial card use would see a pause in the B2B space. But we’ve focused on finding new areas of spend for buyers to utilize their cards,” Leavitt noted. “But But in an interview with Karen Webster, Dean M.

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B2B Commercial Card Push-to-Card Payments 53

FICO

APRIL 6, 2020

In countries such as the UK, real-time payment schemes have been ubiquitous for many years. For over 25 years, credit and debit card transactions have been assessed for fraud risk using AI and machine learning. Authorized push payment fraud relies on customers making a payment without stopping to think. What Banks Can Do.

Real Time Payments 52

Real Time Payments Money Laundering Payee Payments 52

PYMNTS

MAY 15, 2019

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” To that end, Visa has taken the “buy” path, and said last week that it gained control of Earthport , having bought the U.K.-based

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Cross-Border Cross-Border Payments Credential Wire Transfer 74

FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. However, both consumers and businesses were, and still are, falling victim to payment scams.

Scams 52

Scams Push-to-Card Romance Scams Regulations 52

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. And finally, that the banks and the card networks are the big losers.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JULY 1, 2019

The introduction of mobile payments and commercial card technology in the fleet sector has helped the industry progress toward automation and digitization, but cards are not without their challenges. One of the biggest opportunities is in fleet payments, where cash and checks remain prevalent (particularly in the U.S.),

Payments 59

Payments Push-to-Card Mobile Payments eWallet 59

PYMNTS

AUGUST 3, 2016

Ninety percent of the $10 trillion “push” payments market opportunity is concentrated in a variety of disbursements made between businesses and consumers that today rely on cash, checks and ACH to move money between those parties. including payments to non-Visa branded debit cards as well. Cecelia Frew, SVP of Visa Direct U.S.

P2P 50

P2P Debit Card ACH Ubiquitous 50

PYMNTS

DECEMBER 27, 2019

According to the latest edition of the PYMNTS Disbursement Tracker , 64 percent of consumers have heard of instant payments and are interested in knowing more, a dramatic uptick over 2017 when only a little over a third of consumers had even heard of this new way to be paid. The numbers go beyond awareness. How do they do that?

Instant Payments 52

Instant Payments Payments Push-to-Card Payer 52

PYMNTS

JANUARY 11, 2017

trillion market as measured by transactions seen in the latest fiscal year, which ended in September, and is marked by a shift by consumers using their phones to make mobile payments ubiquitous. UnionPay, which has a tight hold on credit card payments, has only 1 percent of the market (and it is owned by the state).

Ubiquitous 40

Ubiquitous Push-to-Card Mobile Payments Credit Cards 40

PYMNTS

APRIL 8, 2019

Gig workers, for example, will likely soon see an upgrade to their payments speed, thanks to a bit of help from their card network friends. Card Payouts is a card-based, front end user experience that integrates with treasury banks’ existing infrastructure. Visa Ups the Pace of Gig Payments. Affirm Affirmed by Investors.

Contactless Payments 40

Contactless Payments Push-to-Card Debit Card Payments 40

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov. consumers — 47.2

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

PYMNTS

MAY 29, 2020

McCarthy told Karen Webster for the latest edition of The Week In Payments, merchants are experiencing sales and cash flow challenges as reticent consumers proceed with caution – and the added capacity constraints are heightening their concerns. Most every state in the U.S. this week is starting to walk the road to recovery.

Debit Card 58

Debit Card Payments Push-to-Card On-Demand 58

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Debit Card 71

Debit Card Checks Accounts FinTech 71

PYMNTS

MARCH 14, 2019

The release of a new Google app development tool is among the latest steps to try to bring more mobile accessibility to people with disabilities — a push that’s been going on in the background of digital retail and associated areas almost since the beginning. So what does that actually mean in plain English? ADA Compliance.

Push-to-Card 64

Push-to-Card Ubiquitous Laws Economy 64

PYMNTS

FEBRUARY 24, 2017

Just this month, Hollywood film director Steven Spielberg and several major studios fueled Series A funding for Dreamscape Immersive , a new VR technology startup aimed at VR entertainment experiences that bring consumers into larger social and retail environments. When they came down in price, they became ubiquitous,” he explained.

Online and Mobile Banking 68

Online and Mobile Banking Use Case Push-to-Card Transactions 68

PYMNTS

SEPTEMBER 18, 2019

As Ufford told Webster, past may be prologue, and the future journey toward proving identities may take a hint from the card networks. “ The card networks have essentially given us the roadmap on how to solve identity when they solved card payments.”. What does it take to build a global identity network?

Verification 63

Verification Cross-Border Push-to-Card Online and Mobile Banking 63

PYMNTS

MAY 29, 2018

Implemented last year, the group’s EMV QR Code Specifications are designed to address transactions where the consumer presents the code, and also where the merchant does so. First up, EMVCo, the global technical body that manages those payment specifications, just introduced what it calls a QR Payment Mark. The Future of QR Code Payments.

Financial Inclusion 48

Financial Inclusion EMV Payments Tools Online and Mobile Banking 48

PYMNTS

JUNE 3, 2019

The most powerful force in payments right now is what’s happening at the intersection of payments, search and logistics – particularly as digital is disrupting how consumers find, order, pay and receive the things they want to buy. The two most powerful forces shaping the future of retail payments have nothing to do with payments at all.

Retail Payments 78

Retail Payments Payments PayPal Push-to-Card 78

PYMNTS

AUGUST 6, 2019

Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. financial system and the U.S.

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FedNow Fed Federal Reserve Instant Payments 85