Tearsheet

NOVEMBER 19, 2024

From the wearables hype to the in-car payments fad, the past few years have seen many payment methods rise and many fall. The success of any specific payment method is strongly affected by macroeconomic factors, consumers’ perceptions, and technology. Take debit cards.

Payments 52

Payments Debit Card Online and Mobile Banking Push-to-Card 52

Stax

APRIL 30, 2024

Whether you run a small online store or a major brand, accepting electronic payments is a must for all businesses. According to Onbe, 73% of consumers prefer using digital payments like cards and payment apps. But to seamlessly receive these payments as a merchant, you’ll need merchant processing services.

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Process Online and Mobile Banking PCI DSS Debit Card 88

Stax

SEPTEMBER 24, 2024

While electronic payments have been rising in popularity, you still can’t ignore cash. According to YouGov Profiles , 67% of Americans still use traditional payment options for in-store purchases. In 2023, card brands in the U.S. Electronic payment methods involve a middleman, which leads to payment processing fees.

Credit Cards 88

Credit Cards Electronic Fund Transfer Act (EFTA) Push-to-Card Debit Card 88

PYMNTS

JUNE 4, 2020

Human living went digital-first in the time it took COVID-19 to circle the earth once – about three months. That digital continuity in the face of ruinous physical events changes everything. Digital payment technologies enable banks to meet evolving customer needs in everything from refunds and consumer incentives to [B2B] payments.

Digital Payments 52

Digital Payments Online and Mobile Banking Payments Push-to-Card 52

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

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.

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

PYMNTS

NOVEMBER 2, 2020

And they don't have ATMs, don’t issue debit cards and offer very limited services beyond being places for consumers to interact with a cashier to deposit or withdraw funds at a counter. So, then I asked: ‘Why don't you issue a debit card?’ But everywhere I went, there were banks all over. or ‘Why don't you put in an ATM?’

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Debit Card Push-to-Card FinTech ATM 84

Finovate

SEPTEMBER 20, 2024

Walmart is partnering with Fiserv to enable pay-by-bank payments for online purchases starting in 2025. Benefits to Walmart include lower transaction costs, faster settlement, reduced fraud, and fewer payment declines, while customers can avoid stacked pending transactions. FedNow and RTP, they don’t necessarily talk to one another.

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FedNow Real Time Payments Push-to-Card Credit Cards 52

PYMNTS

NOVEMBER 12, 2020

Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.

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Innovation Contactless Payments FinTech Push-to-Card 120

PYMNTS

SEPTEMBER 17, 2020

To help merchants receive faster access to funds, EVO Payments Inc. has rolled out its Visa Direct-enabled EVO Express Deposit real-time push payments technology. retailers instantaneously get funds for card transactions with actual fund availability depending on receiving bank and geographic area, according to a Thursday (Sept.

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Push-to-Card B2B Debit Card Payments 83

PYMNTS

JULY 29, 2019

Mastercard is expected to report strong revenue growth in its second-quarter earnings, thanks to a continued increase in retail spending and digital transactions, according to analysts. Mastercard is also working to improve its financial services by expanding open banking and digital banking services.

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Visa Cross-Border Payments Cross-Border Digital Payments 46

PYMNTS

JANUARY 8, 2020

As the new year takes shape, the latest test in the push and pull of various stakeholders can be found in India. Beginning this year, and as tied to the budget for the current fiscal year, the government has eliminated the merchant discount rate (MDR) — the charge for electronic payments levied on merchants by banks as payments are processed.

Debit Card 52

Debit Card Push-to-Card Caps Laws 52

PYMNTS

MARCH 28, 2019

Instant payments — and the ability to push funds immediately across the debit rails to consumer bank accounts — has entered something of a renaissance. Today Visa , with Visa Direct , has added another use case for push payments — this time on a global scale. Remitly users in the U.S.

P2P 87

P2P Cross-Border Push-to-Card Debit Card 87

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. This includes shifts in which consumers are shopping and paying, and in the payment tools or methods they are using to finalize their transactions.

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Debit Card Online and Mobile Banking Push-to-Card P2P 62

PYMNTS

JANUARY 20, 2021

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms.

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Debit Transaction Transactions Debit Card Security 52

Clearly Payments

JANUARY 25, 2024

In this 2024 report, we’ll explore how payment methods have evolved in the Canadian market, focusing particularly on the shift towards digital, contactless payments , and mobile along with other 2024 trends. Digital banks, sometimes called Neobanks, push consumers into digital banking and digital payments.

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Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 94

PYMNTS

SEPTEMBER 17, 2018

When Mastercard launched Send in 2015, the focus was on making it easy to move money quickly between businesses and people using the debit card as the proxy. Send doesn’t just work with Mastercard branded cards, either, Jess Turner, executive vice president of digital payments at Mastercard, told PYMNTS in a recent conversation.

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Visa Push-to-Card Debit Card Payments 57

FICO

AUGUST 30, 2016

A few seconds later, after touching a few buttons on the payment terminal screen, I was walking out the door. I experienced two things: a frictionless digital payment, and a mild customer experience victory.*. Check out the blog in the tweet below for another payment expert’s hilarious, deeply personal tangle with EMV.).

Digital Payments 56

Digital Payments Security Payments Push-to-Card 56

PYMNTS

NOVEMBER 16, 2020

Real-time payments continue to gain traction around the world. The country’s banking system is giving an upgrade to its instant payments system. Called PIX , the new payment rails have been in the works for some time and launched last week. Case in point: Brazil. It will be fully operational starting Monday (Nov.

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Real Time Payments Wire Transfer Push-to-Card Credit Cards 131

PYMNTS

OCTOBER 21, 2016

Music aficionados who swear that digital distorts the sound of music. solution in a world of digital payments that continues to stick around. Checks have a long and frequently complained about history of being both slow and costly — a friction-filled paper-based payments method. And there’s the paper check — a 1.0

Push-to-Card 79

Push-to-Card Debit Card Instant Payments Payments 79

PYMNTS

JULY 27, 2020

Banks missed out on the first big wave of digital payments, but they don’t have to miss out on the next, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation. The entire [digital payments] industry ends up being created outside the banks on products that should have been developed by them,” Edwards said.

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On-Demand Instant Payments Push-to-Card Treasury 91

The Fintech Times

JANUARY 29, 2024

EBANX , the payments solutions provider, has published a study on digital markets and payments in rising economies as it finds both the digital markets of Latin America (LatAm) and Africa are set to surpass $1trillion in total value by 2026. And payments have been the backbone of this growth,” she added.

Online and Mobile Banking 64

Online and Mobile Banking Push-to-Card B2B Economy 64

Fintech Finance

JANUARY 25, 2024

While digital commerce is growing by 13% or 12% per year in more consolidated markets around the world, like the U.S. Over half of the population in these regions already embraces digital payments, positioning them as central to economic growth and consumer access.

Economy 52

Economy Consumer Alternative Payment Methods Online and Mobile Banking 52

PYMNTS

JANUARY 3, 2020

Grade schools and colleges could use a massive textbook dedicated to payments – their own. Many schools get an F when it comes to payments, but the culprit might actually be the infernal “paper jam.” The writing is on the whiteboard: School’s out for paper payments. In Q3 2019, credit card issuer JCB International Co.,

Faster Payments 52

Faster Payments Payment APIs and Integration Payments Push-to-Card 52

PYMNTS

MAY 5, 2017

When it comes to accessing their money, today’s consumer wants it now, with the push of a button. As they grow bolder with this demand, consumer requirements for speed, simplicity and choice in how they get paid could soon make push payments technology a corporate standard. New Tools on the Block .

Checks 46

Checks Push-to-Card Debit Card Payments 46

PYMNTS

JUNE 30, 2020

The world of business payments is a complex place, including both recurring and ad-hoc payments to a variety of recipients — vendors, consumers, 1099 contractors and small- to medium-sized businesses (SMBs), to name a few — sent over an ever-expanding number of channels.

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Push-to-Card Treasury Instant Payments Digital Payments 60

PYMNTS

DECEMBER 16, 2019

With only 15 days left until the end of the year, the year-end push has officially begun. Visa, and more specifically Visa Direct, made two great pushes for outward expansion, while Apple is working to push both its new card and its new line of phones, possibly in reaction to its China slowdown. That’s OK, we didn’t ….

PayPal 52

PayPal Push-to-Card Consumer Financial Protection Bureau (CFPB) CFPB 52

PYMNTS

JULY 2, 2019

The two payments firms announced on Tuesday (July 2) the launch of PayPal’s Instant Transfer in Canada for SMBs and individual consumers. That news followed PayPal’s success with its Instant Transfer to debit card, which debuted last year and where balances in PayPal accounts can be transferred to debit cards instantly.

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PayPal Debit Card Push-to-Card Small Business 79

PYMNTS

OCTOBER 2, 2020

In an interview with Karen Webster, Jim McCarthy , president at i2c , said that a great digital shift will spur tie-ups of all sorts — from partnerships to outright buyouts — as incumbents seek to move quickly to modernize their tech stacks. to go public. And companies must deliver — or risk being rendered obsolete.

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Push-to-Card Payment APIs and Integration Issuers Payments 110

PYMNTS

SEPTEMBER 23, 2020

That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversation. Simple: Start with the cards.

Online and Mobile Banking 113

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

PYMNTS

APRIL 16, 2019

Facebook’s payment service in the U.K. Finextra , citing a Facebook spokesman, reported the P2P payment service that worked through Messenger was launched in 2017. Both sides of the chat had to provide debit card details and the amount being sent. Facebook had been able to get all of the leading banks in the U.K.

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P2P Push-to-Card Payments Debit Card 70

PYMNTS

JUNE 3, 2020

Curing payment pains associated with complicated medical billing gets to the heart of how payments technology is moving medical money in smarter, faster ways. Real-Time Payments Get Healthy. Despite widespread efforts to malign the paper check, it’s still a staple in healthcare payments and a prime cause of slow-moving money.

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Faster Payments Payments Checks Push-to-Card 63

PYMNTS

DECEMBER 10, 2019

Visa has added a new partner in its quest to simplify, digitize and drive costs down in the global remittances space with its real-time push payments platform Visa Direct. Visa Direct has been used to process 2 billion transactions in 2019, a number it is looking to grow in 2020. And, as of today (Dec.

P2P 72

P2P Push-to-Card Payment APIs and Integration Credential 72

PYMNTS

JULY 24, 2018

MoneyGram and Visa announced today (July 24) that they have partnered to deliver real-time digital disbursements to MoneyGram customers using Visa’s push payments platform, Visa Direct. MoneyGram is the first cross-border use case for Visa Direct,” Frew told Webster.

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P2P Cross-Border Push-to-Card B2C 89

The Fintech Times

FEBRUARY 29, 2024

When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having already explored the biggest upcoming trends in the world of paytech, it is clear that progress in payments becomes drastically different depending on which region of the world you look at.

Payments Trends 59

Payments Trends Online and Mobile Banking Payments Push-to-Card 59

PYMNTS

AUGUST 22, 2019

They aim to help shoppers move seamlessly from browsing a merchant’s website to perusing the aisles of brick-and-mortar stores through shared carts and other digital payment experiences. Other Mobile Pushes. The app, which was released in May, is available in Apple’s App Store and on Google Play.

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Push-to-Card Credit Cards Debit Card Checks 51

PYMNTS

SEPTEMBER 29, 2020

The region’s financial institutions (FIs) and merchants have needed to work swiftly to support unprecedented levels of digital payment and shopping growth. Online Payments Drive Privacy Concerns. The true change merchants are facing is not in trying to stay on top of a spike in online users.

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Privacy Online and Mobile Banking Push-to-Card Payments 69