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.

Blockchain 108

Blockchain Tax Refunds IRS Fed 108

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

Cross-Border 74

Cross-Border Cross-Border Payments Credential Wire Transfer 74

PYMNTS

AUGUST 12, 2019

Prepaid payroll cards were introduced decades ago as a paper check alternative for the unbanked and underbanked worker. Over the last several years, an army of innovators with billions in venture funding have built instant pay products on top of card network debit rails. if you can just hang in there until about 2024.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

FEBRUARY 24, 2017

From there, the purchase is completed either via eCommerce or by going to the store and doing a card-present transaction. From there, the purchase is completed either via eCommerce or by going to the store and doing a card-present transaction. 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 Consumer 68

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. And as promising as things are in the early stages, there’s work to be done before instant becomes ubiquitous. Making Money Fast.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

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.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

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

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. Brainard asked.

FedNow 85

FedNow Fed Federal Reserve Instant Payments 85

Clearly Payments

SEPTEMBER 16, 2024

As digital infrastructure continues to advance, the ease and speed of contactless transactions are becoming increasingly attractive to consumers and businesses. Instead of entering a PIN or handling cash, users can simply tap their card or mobile device to complete a transaction in seconds. What are Contactless Payments?

Contactless Payments 52

Contactless Payments Push-to-Card Payments Transactions 52

PYMNTS

NOVEMBER 12, 2020

The continued adaptation of mobile payments combined with the flexibility [of] buy now, pay later -like offerings have really gained massive traction online in recent years,” Lisiewski said. “I I think there are a lot of things that 2020 taught us for sure,” Kress said. “We Preparing For The Immediate Holiday Season Future.

PayPal 73

PayPal Economy BNPL Consumer 73

PYMNTS

MARCH 14, 2017

PYMNTS: How do push payments differ from faster payments? DE: The idea of fast funds continues to consume an outsized proportion of the industry’s headspace. PYMNTS: Why are instant push payments a better solution to meeting the need for faster payments? PYMTS: Can you describe the market opportunity for push payments?

Consumer 40

Consumer Push-to-Card Gateways P2P 40

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

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 29, 2020

Beyond reopenings alone, what happened in the news this week to push the market more solidly onto the road with recovery? . Most every state in the U.S. this week is starting to walk the road to recovery. As Deluxe CEO and President Barry C. Finding the Opportunity In Fixing Net Terms Payments. The Future of Voice Authentication.

Debit Card 58

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

PYMNTS

JUNE 3, 2019

The two most powerful forces shaping the future of retail payments have nothing to do with payments at all. At least at first glance. It’s why we’re witness to unprecedented waves of consolidation in the merchant acquiring and payments processing space – and why there will be even more to come in the short and longer term. Those two forces?

Retail Payments 78

Retail Payments Payments PayPal Push-to-Card 78

PYMNTS

JULY 24, 2017

Innovative ideas are inspired by smart people who see problems and have the conviction, capital and courage to come up with new ways to solve for them. Take faster payments. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

DECEMBER 21, 2020

You can see it in the quarterly earnings reports this year of just about every publicly traded company and among the list of companies that have either gone public one way or the other or have filed S-1s because they plan to do so soon. Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov.

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

The Fintech Times

MARCH 26, 2024

They are rolling out contactless cards and enhancing terminal infrastructure across key Latin American markets. As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services.

Innovation 59

Innovation Alternative Payment Methods Payments SWIFT 59

PYMNTS

JUNE 29, 2018

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. For this reason, virtual cards are a rising star in B2B insurance payments, according to Peters. “We see really high adoption of virtual cards.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

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%. Home Blog FICO APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

Scams 52

Scams Push-to-Card Romance Scams Regulations 52

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

JUNE 29, 2017

That is how the world first met the iPhone a little over ten years ago in January 2007, when Steve Jobs took to the stage to announce Apple’s latest and greatest innovation. The world stopped what it was doing to take a look. And then there was the Super Bowl. Americans may not at that point fully have known why, but they knew that they wanted it.

Push-to-Card 60

Push-to-Card Innovation Transactions Consumer 60

PYMNTS

DECEMBER 16, 2019

The last 10 years in payments and commerce have given us millions of dots to connect. The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, stating the 2010s with a brand-new toolkit. Payments will power that shift. Payments will power that shift.

Online and Mobile Banking 72

Online and Mobile Banking Credential Payments Economy 72

PYMNTS

DECEMBER 1, 2016

But on the consumer level, between millennials and baby boomers, there’s the question of who is pushing more to get society to go cashless. As for baby boomers getting on the cashless society bandwagon, Catania said that boomers aren’t using cards for purchases under $10.

Privacy 48

Privacy Online and Mobile Banking Non-Bank Checks 48

PYMNTS

JANUARY 1, 2020

The last 10 years in payments and commerce have given us millions of dots to connect. The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, starting the 2010s with a brand-new toolkit. Payments will power that shift. Payments will power that shift.

Economy 69

Economy Online and Mobile Banking Credential Push-to-Card 69

CB Insights

JULY 23, 2020

And as we continue to learn more about the virus, no one solution has emerged as a standalone prevention method. The Covid-19 pandemic has disrupted nearly every aspect of our lives, including tasks as fundamental as going to work. Companies will have to look to guidelines from local and national authorities for each office location.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

PYMNTS

MAY 3, 2016

With a push toward mobile-driven interactions, from car-based payments at the gas station to mobile order ahead at Starbucks , Webster posed the question about the need for devices. “If “Too many people start to have an imagination about ‘nirvana’ or the ‘perfect transaction’ – but that’s a science experiment.”

Payments 45

Payments Innovation Push-to-Card Ubiquitous 45

CB Insights

AUGUST 21, 2018

Digital media usage continues to rise, now reaching almost six hours per day, with smartphones driving much up the uptick. Digital media usage continues to rise, now reaching almost six hours per day, with smartphones driving much up the uptick. But their small size isn’t well suited to the myriad tasks they now perform.

End User 65

End User Technology AI Processors 65

PYMNTS

DECEMBER 23, 2019

Something remarkable happened about halfway through the 2010s or at least something that ought to have been. Except as it turned out, due to the nature of what it was, very few people remarked on it. Americans stopped talking to each other. Well, to be more accurate, they stopped talking to each other on the phone. So what did we learn this year?

Online and Mobile Banking 52

Online and Mobile Banking Cybersecurity Best Practices Economy 52

PYMNTS

MARCH 28, 2016

The path to faster payments in the U.S. doesn’t have to be paved with a 500+ person task force analyzing what the world would look like if we were starting from a clean sheet of paper, competing propositions for who’s going to build and operate a new set of rails, or even what sort of spiffy software can make existing rails faster. Yeah, right.

Faster Payments 48

Faster Payments Checks Payments Fed 48

PYMNTS

JANUARY 7, 2019

Welcome to the first Monday of 2019. According to the Chinese calendar, 2019 is the “Year of the Pig” – which may not, at first blush, inspire much excitement for the 358 days ahead of us. That makes it the most important year of the last decade. Naturally, I have a few thoughts. That just makes the point much stronger. Consider this.

Online and Mobile Banking 82

Online and Mobile Banking Mobile Payments Innovation Consumer 82

PYMNTS

OCTOBER 7, 2020

In the latest of a continuing series on B2B payments, Melio CEO Matan Bar told Karen Webster that payments flexibility is key in helping small and medium-sized businesses (SMBs) navigate the pandemic — and flexibility leads to better cash flow, the lifeblood of companies (no matter their size). tied as they are to paper-based payments.

Checks 90

Checks Venmo B2B Digital Payments 90