Fintech Finance

JULY 12, 2024

The data captured from the transaction inquiry is automatically routed to the service team. Clients can track the progress of the resolution and get real-time status updates and even view correspondence from a beneficiary’s bank.

Transactions 98

Transactions Correspondent Finance Wires 98

CB Insights

JUNE 11, 2021

Indonesia-based BukuWarung is a micro, small, and medium enterprise ( MSME)-focused accounting and digital payment application that offers financial products for lending, insurance, savings, and cash and credit transactions. The company reportedly has a portfolio of 6.5M registered merchants in 750 Indonesian cities.

Digital Payments 67

Digital Payments Credit Transaction Payments Participant 67

Finovate

FEBRUARY 26, 2024

CRB Securities, which has previously focused on assisting clients with privately placed credit transactions such as asset-backed securities, will advise clients on mergers and acquisitions, capital markets transactions, and other corporate finance decisions.

Credit Transaction 52

Credit Transaction FinTech Security Payments Tools 52

The Paypers

MARCH 19, 2019

(The Paypers) UK Finance has released data showing that more than 40% of all debit and credit transactions in the UK were processed using contactless technology in 2018.

Contactless Payments 47

Contactless Payments Credit Transaction Finance Payments 47

Stax

SEPTEMBER 17, 2024

ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs. Wire transfers are credit transactions where the sender sends money to the recipient.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Fi911

JULY 19, 2024

Canceled Recurring Transaction 13.3: Credit Not Processed 13.7: Original Credit Transaction Not Accepted 13.9: Non-Receipt of Cash or Load Transaction Value The Reason Code Is Not Always Correct The purpose of the chargeback reason code system is to eliminate any ambiguity and make decisions more straightforward.

Disputes 79

Disputes Duplicate Non-Bank Authorization 79

PYMNTS

APRIL 30, 2018

Today’s stories include a discussion about how India could go from credit card laggard to having one of the most sophisticated payments systems in the world, the outlook for initial coin offerings (ICOs), a development in augmented reality (AR) retail and news about growth in ACH debit and credit transactions.

Same Day ACH 41

Same Day ACH ACH NACHA PayPal 41

Finovate

MARCH 20, 2024

The post-purchase BNPL plans work differently for purchases made with a debit card than they do with a credit card. For transactions made with a debit card, the bank or fintech disburses the funds to the customer’s Galileo DDA or an external account.

Posting 52

Posting BNPL Debit Card Credit Cards 52

Tearsheet

APRIL 22, 2024

An OCT [Original Credit Transaction] operates as a push payment, where the payment service provider pushes funds directly into the cardholder’s account. The sending wallet queries the Visa+ service to match the recipient’s payname to the underlying Visa token.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

The Paypers

SEPTEMBER 3, 2019

(The Paypers) HSBC has completed the first yuan-denominated blockchain-based letter of credit transaction within the Voltron trade finance platform.

Blockchain 28

Blockchain Process Credit Transaction Finance 28

Fintech Finance

DECEMBER 13, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online[1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

PYMNTS

SEPTEMBER 14, 2018

In July, NACHA announced that debit and credit transactions totaled more than 5.7 billion ACH debit transactions and close to 2.4 billion ACH credit transactions made in the second quarter of this year. billion internet transactions were made, representing a 14.3 According to NACHA, there were more than 3.3

NACHA 49

NACHA ACH Volume Same Day ACH 49

The Paypers

AUGUST 8, 2019

(The Paypers) Standard Chartered has completed a pilot Letter of Credit transaction on the Voltron blockchain platform.

Blockchain 28

Blockchain Credit Transaction Transactions 28

The Paypers

OCTOBER 16, 2019

(The Paypers) HSBC Bank has announced the first live pilot blockchain letter of credit transaction in Malaysia.

Blockchain 28

Blockchain Credit Transaction Transactions 28

PYMNTS

MARCH 9, 2020

The commercial launch is anticipated during the second half of 2020, after the platform finished in excess of $30 million in letter-of-credit transactions last year during the pilot phase. Last October, Singapore launched its first blockchain-based trade finance platform. .

Blockchain 61

Blockchain Finance Cross-Border Credit Transaction 61

PYMNTS

JANUARY 9, 2020

“Paytm Business Khata,” as it’s known, helps merchants log financial transactions, oversee payments, and secure insurance and loans. The service also will set a reminder for any credit transactions, sending links and audio alerts to customers, Sharma said.

Push-to-Card 54

Push-to-Card Underserved Payments Credit Transaction 54

PYMNTS

JANUARY 14, 2021

Debit contactless transactions expanded to 17.1 percent of card present activity on contactless debit cards between the beginning of November and the end of December, as contactless credit transactions expanded to 12.1 percent of card present activity on contactless credit cards.

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

JANUARY 25, 2017

The first phase launched in September of last year, making ACH credit transactions eligible for same-day processing. According to the NACHA data, Same Day ACH was responsible for more than 13 million credit transactions in its just over three months of operation so far.

Same Day ACH 40

Same Day ACH NACHA ACH Direct Deposit 40

PYMNTS

JUNE 7, 2018

billion : The total number of ACH debit and credit transactions in Q1 2018. However, where there is waste, there are also those looking to fill the holes, pushing faster payments and enhanced security to go along with the increased speed. $2 2 trillion : The estimated worth of the logistics and freight forwarding space.

Process 43

Process Zelle ACH P2P 43

PYMNTS

FEBRUARY 1, 2019

Mastercard revealed continued gains in processed transactions , with gross dollar volume up 14 percent to $1.5 trillion, while switched transactions came in at 20.1 billion transactions, a 17 percent boost year over year. Debit and prepaid transactions went up 12.2 percent to $787 billion.

Visa 68

Visa Volume Transactions Credit Transaction 68

PYMNTS

SEPTEMBER 2, 2019

HSBC has issued its first yuan blockchain-based letter of credit transaction, Reuters reported. The move is significant progress in the use of the Voltron trade finance platform, which was developed by eight banks, including HSBC, BNP Paribas and Standard Chartered.

Blockchain 57

Blockchain Non-Bank Duplicate Bitcoin 57

PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8 million transactions that totaled $5.9

Same Day ACH 54

Same Day ACH ACH Direct Deposit NACHA 54

PYMNTS

MAY 18, 2020

percent year over year, and the volume of overall debit transactions grew for the sixth consecutive week. Spending behaviors have also changed, with credit card-not-present (CNP) transactions comprising 51.3 percent of overall credit transactions and credit CNP purchases comprising 59.8

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

JUNE 25, 2018

ACH debit and credit transactions totaled nearly 5.7 Those ACH debit and credit transactions marked a 5.9 The group said the strong uptick in transactions during the first quarter demonstrates the widespread use of ACH payments as well as the increased use of Same Day ACH transactions.

Same Day ACH 43

Same Day ACH Consumer ACH NACHA 43

Neopay

DECEMBER 18, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online [1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

Cross-Border 52

Cross-Border Caps Regulations Visa 52

PYMNTS

FEBRUARY 21, 2019

The fee would be charged for credit card payments that are more than $299 a month, and the change will start on March 26. These credit card payments used to be free, and Alipay handled $10 trillion in credit transactions in the 12 months leading up to September.

Credit Cards 43

Credit Cards Mobile Payments Central Bank Credit Transaction 43

PYMNTS

APRIL 11, 2018

Last year, nine billion ACH credit transactions had a total value of more than $30 trillion, while the more than 12 billion debit transactions had a total value of more than $16 trillion. That propelled the value of the network’s transactions to more than double the U.S.

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

JULY 20, 2018

Rival Visa had also reported a glitch that affected millions of debit and credit transactions last month. Financial Times reported that Mastercard, which powers the Faster Payments system through its Vocalink unit, had experienced a separate outage last week.

Funds Transfer 40

Funds Transfer Faster Payments Credit Transaction Visa 40

PYMNTS

JANUARY 18, 2018

NACHA reported same-day ACH debit and credit transactions hit 15.2 At that time, NACHA said the total number of same-day ACH transactions reached 75.1 million in December , marking a 51 percent month-over-month increase. million in 2017, with the payments adding up to $87.1 billion transferred.

NACHA 43

NACHA ACH Same Day ACH Transactions 43

PYMNTS

JULY 2, 2017

Interswitch will work very closely with Visa in selected African markets across West and East Africa to develop a Merchant Management Platform to receive Original Credit Transactions (OCT) from Visa, as well as app-based merchant enrollment solutions, which enable minimum Static QR code functionality. “We

Mobile Payments 46

Mobile Payments Payments Enrollments Interoperability 46

PYMNTS

JANUARY 31, 2019

Breaking down the gross dollar volume trends, Mastercard said in supplemental materials filed with the earnings report that debit and prepaid transactions gained 12.2 percent to $762 billion, while credit transactions were up 6.6 percent to $787 billion.

Volume 49

Volume Visa Cross-Border Commercial Card 49

PYMNTS

OCTOBER 25, 2017

First Data will also enable UnionPay debit or credit transactions made for online retail or in-app purchase, as well as via a mobile phone or other devices. “We are extremely proud to work with an innovative partner like UnionPay International to expand their card acceptance throughout the United States.”.

Chip Cards 40

Chip Cards CHIPS Debit Transaction Debit Card 40

PYMNTS

FEBRUARY 19, 2020

Lerdal pointed out that debit transactions are inherently different from credit transactions (from a risk-assessment standpoint), as FIs and merchants must determine that the person trying to pay at the POS is actually the person tied to that DDA account.

ATM 67

ATM Point-of-Sale (POS) Fraud Detection Mitigation 67

PYMNTS

FEBRUARY 1, 2021

PYMNTS’ own research has shown that 59 percent of more than 2,270 consumers are finding it harder to pay their bills, and of those who were determined to be living paycheck to paycheck, only 30 percent of respondents said they prefer to pay for their eCommerce purchases with credit cards; about half opt for debit cards.

Issuers 82

Issuers Debit Card BNPL Point-of-Sale (POS) 82

PYMNTS

SEPTEMBER 9, 2020

The solution enables transparent, frictionless and accessible credit transactions to ease the financial complexities of our consumers.”. “Since its inception, LazyPay has always innovated to fulfil customers' expectations, demands and evolving needs, LazyPay Business Head Anup Agrawal said in announcing the new product.

BNPL 68

BNPL PayPal Consumer On-Demand 68

Nanonets

APRIL 8, 2024

Within these two broad labels, depending on your role in the exchange, your transaction will be categorized as: ACH Credit: If you’re on the receiving end, your account is credited the payment balance from the sender’s account.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

PYMNTS

JANUARY 30, 2020

Drilling down into the payments volume, and as shown in supplemental materials from the company, total credit transaction volumes were $1.3 The total transaction count was up 10 percent to 54.8 trillion, up 6 percent in constant dollars; debit was $1 trillion, up 11 percent.

Contactless Payments 91

Contactless Payments Transactions Cross-Border Volume 91