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Fintech Finance
JULY 23, 2024
Key figures for 2023 The total number of payments made in the UK increased by five per cent to 48.1 Contactless and mobile contactless payments Usage of contactless and mobile contactless payments continued to increase. billion, up from 45.7 billion in 2022. During 2023, there were 18.3
PYMNTS
MARCH 10, 2020
One of the most recent entrants in the industry is Africa’s largest lender by assets, South Africa-based Standard Bank, which recently installed a new biometric security system called DigiMe. NatWest Launches Card-Mounted Fingerprint Readers For Contactless Authentication.
PYMNTS
JULY 15, 2020
MoneyLion , the New York-based mobile bank, announced the launch of RoarMoneySM, a demand deposit account powered by MetaBank N.A. RoarMoney promises faster access to customer funds and secure contactless payment options. with Mastercard as its exclusive card network.
PYMNTS
MARCH 18, 2020
The coronavirus outbreak, now spreading worldwide, has caused Ireland’s AIB to reconsider charging people for contactless payments. Contactless payments, after all, could help prevent the virus from spreading further, if people can avoid touching others. million such payments made in the third quarter of last year alone.
Stax
JULY 9, 2024
The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes contactless payments unique?
163 
Payments Dive
APRIL 20, 2016
The bank said is using MasterCard's certified Host Card Emulation technology to enable contactless payments through its current mobile banking app.
Payments Dive
JULY 14, 2016
MasterCard has announced some new features to its digital wallet service, including the ability for banks to add contactless payments to their Android mobile banking apps.
PYMNTS
DECEMBER 17, 2018
Mastercard, the global payments company, and Polish Payment Standard, the operator of BLIK, a Polish mobile payment system and scheme, announced Monday (Dec. This is also the beginning of the way to offer BLIK payments to users of mobile bank apps internationally.”. Bartosz Cio?kowski,
PYMNTS
JANUARY 26, 2021
Consumers’ migration to using contactless payment methods more often for their speed and convenience was only accelerated during the onset of the pandemic last year. It is easy to see why contactless payments are growing in a time of social distancing and touchless safeguards to prevent spreading the virus.
110 
PYMNTS
JUNE 16, 2020
The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. . Most respondents, 82 percent, view contactless as the cleaner way to pay.
PYMNTS
NOVEMBER 18, 2016
According to Google, Mastercard cardholders in Poland now have another way to make secure payments wherever Mastercard contactless payments are accepted. to launch the Google payment method. Currently, the service will work with Mastercard cards issued by Alior Bank, T-Mobile Banking Services and Bank Zachodni WBK.
74 
Payments Dive
APRIL 20, 2016
The bank said is using MasterCard's certified Host Card Emulation technology to enable contactless payments through its current mobile banking app.
Payment Savvy
DECEMBER 2, 2022
NFC chips which make wireless communication possible, are used in contactless cards, mobile devices, checkout terminals, and other payment devices. Many well-known brands already use NFC-based contactless payments, including Apple Pay, Google Pay, and Samsung Pay. How to Accept NFC Mobile Payments?
The Fintech Times
JULY 24, 2024
An increasing number of small businesses accepting card payments has also proved a significant factor in card payment volume growth. Contactless payments also continue to rise in popularity. 2023 saw a seven per cent increase in contactless payments made in the UK (to 18.3 Is mobile banking set to dominate?
PYMNTS
MARCH 26, 2020
As Davis noted, larger banks, including regional players, tend to have their own technology platforms — and direct integrations into their own networks — to enable mobile and contactless payments. That means they can compete more effectively against digital-only competitors. Davis told PYMNTS.
PYMNTS
AUGUST 6, 2020
So far, the contactless pay app has been introduced in 61 QFC stores. According to the press release, the Kroger app will be compatible with “Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps and contactless chip cards, underpinned by near-field communication (NFC) technology.”
PYMNTS
NOVEMBER 2, 2020
Today, more than 1,000 banks and credits unions are currently contracted to participate on the Zelle Network, including 731 that are live today and processing transactions,” said Al Ko , CEO of Early Warning Services, LLC, in a press release.
83 
Fintech Finance
AUGUST 28, 2024
Once set up, the smartphone becomes a digital card, enabling contactless payment transactions with a simple tap on POS terminals. This innovative solution eliminates the need to carry physical cards, offering a seamless payment experience for customers.
97 
PYMNTS
NOVEMBER 30, 2017
When the limit on contactless payments in the U.K. was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. today has come with the growth of contactless payments. But, as contactless terminals have become more ubiquitous in the U.K., Changing accessibility of cash.
PYMNTS
DECEMBER 24, 2020
Contactless. Contactless payment methods were always in the wings for credit card companies, but the pandemic pushed them front and center. That reflects itself in preferences for contactless payment options, with 26 percent of consumers reporting a desire for merchants to accept contactless cards.
104 
PYMNTS
SEPTEMBER 15, 2016
which is integrating its bPay contactless payments technology into personalized smartphone cases. According to Finextra , Case Station , a smartphone case designer that allows online shoppers to design their own iPhone, Samsung and LG cases, has partnered with the bank to provide a customized product with bPay chips built in.
PYMNTS
JANUARY 21, 2021
We can provide them these services regardless of the channel that the member wants to interact with,” across brick-and-mortar, online or contactless payments, she added. On the pivot to contactless payments, she said, consumers in the midst of a public health crisis are still unsure about touching terminals.
96 
Fintech Finance
FEBRUARY 26, 2024
More broadly, for the third year in a row, over-65s were the fastest growing segment for contactless usage , up 4.1 However, there is still a division among contactless users when it comes to preferences for making contactless payments using a mobile wallet versus a physical card. per cent year-on-year.
PYMNTS
JANUARY 29, 2021
In today’s top news, Visa’s first-quarter earnings show growth in contactless payments, and Plaid introduces Plaid Deposit Switch for users to modify paycheck destinations. NEW DATA: Five Key Features for Improving Mobile Banking App Satisfaction. Plus, Mastercard’s fourth-quarter earnings show a bump in debit spending.
52 
FICO
AUGUST 24, 2020
Mobile deposits are so easy!”. Mobile banking and payments activity has surged globally since March 2020, driven by factors including temporary bank branch closures and a rise in contactless payments. Here are some easy ways that consumers can protect themselves from mobile fraud.
PYMNTS
FEBRUARY 28, 2020
The banking industry is undergoing a sea change in the new decade, with online and mobile banking growing ever more popular among customers, and challenger banks and FinTechs disrupt the market with new technologies. Deep Dive: Digital-First Banking Brings Benefits As Well As Challenges.
Clearly Payments
APRIL 9, 2024
This includes digital platforms, software, and applications that offer financial services such as mobile banking, peer-to-peer (P2P) payments , online lending, and investment management. The Fintech Disruptions in TradFi Payments The payments landscape is also undergoing a transformation partly driven by fintech innovation.
105 PYMNTS
APRIL 12, 2019
Retailers Go Mobile to Get Contactless. With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance – and that means mobile point-of-sale (mPOS) terminals. A Closer Look at Mobile Banking, After 10 Years.
51 
The Fintech Times
FEBRUARY 6, 2025
Conversely, digital payments have witnessed a surge, with nearly half of consumers (49 per cent) reporting increased usage. This shift appears to be enduring, with 46 per cent expressing a preference for contactless payment methods in the future. Morocco boasts a mature mobile market, evidenced by a penetration rate of 137.5
59 
PYMNTS
JANUARY 12, 2021
But while 80 percent of apps ask for and are typically granted access to users’ geolocation data, most mobile banking applications do not. Accurate address data is key to onboarding and delivery, and it also has implications for fraud protection.
PYMNTS
JUNE 3, 2020
Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. during the past two months, for example, and mobile banking app downloads saw a 60 percent jump.
PYMNTS
APRIL 21, 2020
With contactless payments, Fagan said, there will be a re-examination of these technologies that have been waiting to take off — especially for lower-dollar-value transactions, which have thus far been primarily done in bills and coins. There was a big rush to enroll, but transactions didn’t really follow suit,” he told Webster.
67 
PYMNTS
SEPTEMBER 19, 2018
The launch of the bank’s B2B mobile wallet functionality comes at a time when, Jolly told Webster, “contactless around travel (purchase) is becoming more accepted.” In fact, recently released research projects that contactless payments will be worth more than $1 trillion in 2018 — a year sooner than anticipated.
56 
PYMNTS
DECEMBER 10, 2020
This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. .
77 
PYMNTS
OCTOBER 7, 2020
But by and large, with branch activities curtailed and lingering public health fears in place, banks have to offer a uniform, consistent and safe experience to all users, across all types of (online) interaction.
PYMNTS
MAY 24, 2019
Instant payments is an innovation that doesn’t require much explanation. Getting immediate access to money is an obviously better solution than waiting for the check to arrive in the mail, or constantly refreshing a mobile banking app to see if transferred funds have been cleared for use. Warburg Pincus in Talks to Buy NCR.
PYMNTS
MAY 28, 2019
According to a report on Tuesday (May 28), a France-based “digital banking startup aimed at teenagers” called Pixpay has raised nearly $3.5. The banking service for teens reportedly will launch later this year in time for the new school term in France, and the service will cost users about $33 monthly. million in fresh capital.
55 
PYMNTS
MAY 4, 2018
Octopus Cards Limited recently introduced a new feature to its Octopus App for Business that enables the merchants operating these stalls to accept contactless payments made with customers’ Octopus cards or products. Small merchants in the Middle East and Africa may soon get new contactless capabilities, too. operations.
The Fintech Times
MAY 16, 2024
Partnerships and collaborations Vietnam Public Commercial Joint Stock Bank (PVcomBank), one of Vietnam’s largest banks, has launched PVConnect with Temenos Digital on Amazon Web Services (AWS). Presight, an Abu Dhabi-based big data analytics company powered by generative AI, has forged a strategic collaboration with Intel.
64 
Fintech Finance
NOVEMBER 14, 2024
(“Santander” or “the Bank”) announced today that is has expanded its suite of digital cash management solutions to enhance the commercial client experience while reducing its overall cost to serve. With an increased focus on mobile banking and investments in treasury products, the Bank will continue to expand its offerings in 2025.
PYMNTS
OCTOBER 9, 2018
And to help make payments safer and faster, the bank is using HCE (Host Card Emulation) technology.
58 
FICO
MAY 1, 2020
Consumers should take advantage of notification features in mobile banking apps to keep on top of checking account activity. Online, mobile or mail. And follow the payments adventures of this Venmo-avoiding but still OK Boomer on Twitter @FraudBird. Setting up Safeguards. Wash your hands. by Darcy Sullivan.
69 
PYMNTS
SEPTEMBER 3, 2019
The company said in a blog post, “We live in a world increasingly reliant on digital and contactless payments. With this in mind, we’re excited to be enhancing our smart, simple banking experience with integrated payment solutions like Apple Pay.”.
51 
PYMNTS
JUNE 26, 2020
Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.
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