The Payments Association

DECEMBER 18, 2024

The growing adoption of mobile and internet technology and rising consumer expectations for instant payment experiences will drive financial inclusion forward. trillion transactions by 2027. A team of Paymentologys payment experts explore what we can expect to see in the payments industry next year.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

Stax

DECEMBER 9, 2024

As consumers, most of us have looked at last month’s credit card statement and experienced the panic of not recognizing a charge. But credit card chargebacks also occur for a variety of other reasons and they’re not always honest. What Are Credit Card Chargebacks?

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

The Payments Association

JANUARY 3, 2025

Fraudsters, armed with advanced technologies and professional networks, are exploiting gaps in systems and consumer behaviour. Mark McMurtrie (TPA) opened the session by presenting data showing how fraud tactics have shifted from physical card theft to more sophisticated digital scams.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

PYMNTS

NOVEMBER 17, 2020

Over 60 percent of banks say fraud volumes are rising, with over 40 percent reporting that average fraud hit value is going up. Fraudsters know that higher transaction volumes and a demand for fast processing times leave merchants vulnerable to attacks. They Can Get to Anyone. Behavioral Biometrics Ensure You Are You .

Volume 72

Volume Transactions Account Takeovers Phishing 72

PYMNTS

JANUARY 31, 2019

Visa beat expectations on double-digit payment volume growth even as international transactions slowed markedly. As measured in dollars, payments volume neared $2.3 Total cards were up 4 percent across the company’s portfolio, to 3.3 Total cards were up 4 percent across the company’s portfolio, to 3.3 Within the U.S.,

Volume 67

Volume Cross-Border Cross-Border Payments Push-to-Card 67

PYMNTS

JULY 14, 2020

Those declines were pushed largely by JPMC’s hard-hit consumer banking segment, where revenue fell 26 percent to $5.1 Those declines were pushed largely by JPMC’s hard-hit consumer banking segment, where revenue fell 26 percent to $5.1 The effects were notable and profound. billion from $9.7 billion a year ago.

Volume 65

Volume Credit Cards Non-Bank Push-to-Card 65

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.

Credit Cards 114

Credit Cards Point-of-Sale (POS) Push-to-Card Debit Card 114

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.

Online and Mobile Banking 113

Online and Mobile Banking Push-to-Card Point-of-Sale (POS) Debit Card 113

Fintech Finance

SEPTEMBER 18, 2024

Fingerprint Cards AB (STO: FING B) and Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced SECORA Pay Bio, an all-in-one biometric payment card solution that complies with Visa and Mastercard specifications. This will lead to a much simpler biometric payment card manufacturing process.

Enrollments 98

Enrollments Push-to-Card CHIPS Contactless Payments 98

PYMNTS

OCTOBER 20, 2020

In an interview with PYMNTS, Scott Young , VP of Innovation at PSCU , noted that in the changing consumer environment, digital and mobile banking are “table stakes,” but credit unions (CUs) must be conscious of how member payment preferences are evolving. Stepping Up On Credit . More Comfort Online .

Credit Union 107

Credit Union Online and Mobile Banking Push-to-Card Debit Card 107

PYMNTS

JULY 1, 2020

The changes we’d been building to over the last year-and-a-half allowed us to be nimble, and also enabled us to load-level the credit-union member volume across our strategic contact centers,” CO-OP COO Nick Calcanes told PYMNTS in a recent conversation. “The Adapting to Changing Consumer Needs.

Credit Union 100

Credit Union ATM Volume Push-to-Card 100

Clearly Payments

FEBRUARY 14, 2024

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. Furthermore, global payment volume reached a staggering $31.7 trillion in payment volume. As of 2023, there were over 4.5

Payments 104

Payments Value Added Service ISOs BNPL 104

PYMNTS

MAY 22, 2020

After all, there are only so many groceries and essential items consumers can buy; now, they are increasingly looking to buy other goods and services. In the meantime, CO-OP’s Contact Center volumes have been through the roof, and the company has seen massive single-day spikes in transaction volume across the Shared Branch network, he said.

Credit Union 105

Credit Union Remote Deposit Capture Volume Push-to-Card 105

PYMNTS

APRIL 16, 2020

Requests for deferrals on mortgage payments have been relatively low in volume, according to Moynihan — though the bank has preemptively suspended foreclosures or repossessions of autos, which may have been pending before the crisis began. Bank of America’s quarterly earnings report yesterday bore that out as the bank reported a 48.5

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. That’s because consumer demand is picking up, but retail inventories are relatively low. Against that backdrop, spot markets, which comprise about 10 percent to 15 percent of volumes, have been tight. percent in August.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. That’s because consumer demand is picking up, but retail inventories are relatively low. Against that backdrop, spot markets, which comprise about 10 percent to 15 percent of volumes, have been tight. percent in August.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

APRIL 21, 2020

Leavitt said the current climate presents the opportunity for B2B payments volume to shift to the card rails, while enabling businesses to access much needed credit at the same time. Visa Enables Commercial Push Payments For KyckGlobal. Just which payment rail they will migrate to, however, remains unclear.

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM’s digital push, a theme it refers to as “Mobile First, Digital Everything,” is showing positive early results. First Name.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides,” Larimer said in a statement. New data has emerged about how SMBs use other payment rails , including cards and wire transfers.

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

The Fintech Times

MARCH 20, 2024

After years of pushing to a fully digital payments landscape that will in theory see a cashless economy in the (reasonably) near future, it could all come tumbling down after a series of technical issues that has seen major retailers unable to process card or contactless payments and once again relying on notes and coins.

Contactless Payments 115

Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

PYMNTS

DECEMBER 24, 2019

About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. The rise of voice is the big factor behind the rise of smart homes, where consumers are doing more commerce and payments. That’s not all — voice is becoming more emotionally attuned to consumers.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

JULY 2, 2020

Driven by COVID-19 fears and stampeding online, consumers overwhelmed many businesses in 2020 that were unprepared for drastic, sudden eCommerce volume. The COVID-19 pandemic has pushed more consumers to make their day-to-day transactions online. One study found that card-not-present (CNP) transactions rose 29.7

Compliance 89

Compliance Online and Mobile Banking Contactless Payments Regulations 89

PYMNTS

OCTOBER 26, 2017

According to CEO Alfred Kelly, Visa ended its financial year as it began, “with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe.” The headline was, of course, the marked increase in payment volume of nearly 10 percent (9.8 percent) to $1.93

Volume 49

Volume Cross-Border Payments Push-to-Card 49

PYMNTS

APRIL 26, 2018

Spending via cards – debit and credit – inside and outside the United States buoyed Visa Inc. Double-digit gains marked spending across border corridors and across card types – and management, perhaps unsurprisingly, pointed to strength in consumer spending, especially in the United States. Total cards stood at 3.3

Cross-Border 40

Cross-Border Volume Push-to-Card Debit Card 40

PYMNTS

APRIL 22, 2016

Though the trend has been continuing as consumers boost spending through cards (both credit and debit), management noted on the call that the advanced oil-based economies, such as China and Brazil, are seeing some spending weakness. consumer remains strong.” payments volume was up 11 percent, a salve against cross-border.

Volume 40

Volume Cross-Border Push-to-Card Chip Cards 40

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. Optimizing Card Spend. “We’re seeing a lot more of that mentality.”

Commercial Card 104

Commercial Card Push-to-Card B2B Card Issuer 104

The Fintech Times

DECEMBER 21, 2023

“Consumers and businesses are increasingly demanding quicker payments,” she says. Despite the continued proliferation of the above payment innovations, comprehensive solutions offering a stellar user experience, robust fraud protection, and default safeguards akin to traditional credit cards remains elusive.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

Synapse Payment Systems

SEPTEMBER 27, 2022

The Clover point-of-sale system is a big step above a standard credit card terminal. In some scenarios, Square may be a cheaper option overall for your business, but this is only the case for merchants processing very low monthly volumes and buying the equipment outright. If so, what makes Clover the best option?

Push-to-Card 130

Push-to-Card Processors Process Card Association 130

Open Banking Excellence

JANUARY 9, 2024

Consumer expectations are rising as regulators push for increased competition and innovation to meet evolving consumer demands. Brazil, a pioneering ecosystem, has launched Open Insurance , whilst Australia’s Consumer Data Right also supports Open Insurance, and is expected to launch later in 2024.

Payment APIs and Integration 130

Payment APIs and Integration Payer Online and Mobile Banking Authentication 130

PYMNTS

JULY 29, 2020

We’re committed to supporting our consumers and merchants as they work to safely navigate this new reality.”. Total payment volume rose 52 percent to $37 billion, while active users grew by 8 million to north of 60 million. Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

AUGUST 14, 2020

There’s been no shortage of big payments and FinTech announcements over the past few days, such as Apple ’s bundle bet, Goldman Sachs ’ move to bid on the General Motors credit card or Square ’s decision to test small-dollar, short-term loans. Here’s what they discussed. Birnbaum noted that many FinTechs benefited from facilitating the U.S.

FinTech 120

FinTech Push-to-Card Rules Credit Cards 120

PYMNTS

OCTOBER 4, 2019

With the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. In fact, their slogan for the card is “Created by Apple, Not a Bank?.” And the card is no longer just a payment instrument; it’s more than the card itself.”.

Push-to-Card 79

Push-to-Card Credit Union Online and Mobile Banking Third Party Vendors 79

PYMNTS

JULY 3, 2020

Consumers absolutely are going [to] purchase differently post-pandemic, across the board. She said Software-as-a-Service (SaaS) providers can help firms migrate to an omnicommerce offering that features a seamless payment experience, no matter where the consumer’s touchpoint with the business happens to be.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

JULY 28, 2020

A few months ago, he stepped into that role — just in time for a global pandemic that turned the entire world upside down, with consumers and merchants doing crash conversions to digital as physical commerce more or less shut down worldwide. “Be careful what you wish for – you just might get it.”.

Venmo 104

Venmo PayPal Direct Deposit P2P 104

PYMNTS

JANUARY 8, 2021

It also pushed our industry to think about ways to provide faster availability of funds to people and businesses in need.”. A lot of what the pandemic did was force our industry to truly be digital, to facilitate frictionless transactions,” TCH Senior Vice President Elena Whisler said in a recent conversation with PYMNTS. “A

RTP 139

RTP TCH Funding Agent Continuing Education 139

PYMNTS

AUGUST 14, 2019

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized : firms are often considered too small to be profitable for banks’ corporate services units and are therefore pushed into an FI’s consumer banking operations.

Consumer 48

Consumer Small Business Push-to-Card FDIC 48

PYMNTS

AUGUST 2, 2018

Square managed to beat Wall Street estimates on both earnings and revenue when second quarter earnings went live yesterday — powered largely by higher-than-expected transaction volume and marked growth in its subscription services business. million during Q2, while gross payment volume came in at $21.4 percent in after-hours trading.

Volume 40

Volume Transactions Bitcoin Adjustments 40