Stax

JULY 9, 2024

The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks. Easy to use.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Stax

SEPTEMBER 17, 2024

A payment gateway is a must-have for online stores. And the best way for online businesses to start accepting payments is with a payment gateway. TL;DR A payment gateway is a solution that securely reads and transfers a customer’s payment information to a merchant’s bank account—both for online and in-person transactions.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Clearly Payments

DECEMBER 7, 2023

In the world of eCommerce and online payments, one of the crucial decisions that merchants face is selecting the right online payment gateway. What is a Payment Gateway As online merchants rely on a technology platform to ensure the seamless functioning of e-commerce operations, and this essential tool is known as a payment gateway.

Payment Gateways 52

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 52

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 117

Online and Mobile Banking Treasury Non-Bank Finance 117

Clearly Payments

MARCH 18, 2024

They’re also big fans of mobile wallets. billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. When it comes to credit cards, they’re using them smartly. They still use credit cards too, for about 26% of their transactions. Cash usage dips to around 13%.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. It then sends an approval or denial response back through the card network to the payment processor. trillion by 2027.

Process 45

Process Processors Online and Mobile Banking Payments 45

Clearly Payments

DECEMBER 18, 2023

The Continued Surge of Contactless Payments Contactless payments , facilitated by tap-to-pay cards, mobile wallets , and wearable devices, are set to maintain their upward trajectory. In 2024, they are anticipated to be used for over 40% of all online transactions in the U.S.

Payments Trends 102

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

EBizCharge

SEPTEMBER 18, 2024

ACH payments refer to electronic funds transfers (EFTs) between financial institutions using the ACH network. This system allows businesses and consumers to move money between bank accounts, either within the same institution or across different financial institutions. What are ACH payments?

ACH 52

ACH IAT ACH Network Direct Deposit 52

Clearly Payments

NOVEMBER 26, 2023

The most ubiquitous form is credit and debit cards, seamlessly accepted through various channels – be it in-person via mobile card readers, virtual terminals, or securely online through payment gateways. This is up significantly compared to 2016 when 65% of HVAC companies accepted credit cards.

Credit Card Payment Processing 52

Credit Card Payment Processing Credit Cards Process Processors 52

EBizCharge

MAY 15, 2024

Payment methods commonly used in B2B transactions include bank transfers, checks, electronic funds transfers (EFT) , credit cards, and increasingly digital payment platforms. Payment Authorization: Before the funds are transferred, the payment may undergo authorization processes to ensure security and legitimacy.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Clearly Payments

DECEMBER 5, 2023

Payment processors play a crucial role in modern commerce by enabling various forms of payment, including credit cards, debit cards, electronic funds transfers, and digital wallets. In the 1990s, the internet revolutionized commerce, and with it, online credit card processing emerged.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

Stax

MARCH 14, 2024

Online and contactless adoption multiplied, and digital payments rose. Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. Between 2019 and 2020, the number of U.S. What are the Most Common B2B Payment Methods?

B2B 88

B2B Process B2C Credit Cards 88

EBizCharge

JULY 2, 2024

It also enhances security, as modern contactless payment options like digital wallets and chip cards are equipped with advanced encryption, protecting sensitive customer information from potential fraud. Customers with NFC-enabled debit or credit cards or mobile devices can initiate a payment by bringing them close to the terminal.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52

Payment Savvy

NOVEMBER 14, 2022

If you’re familiar with traditional check processing, where banks manually process physical paper checks and deposit funds into the appropriate bank accounts, then you probably get the idea of electronic checks. Let’s explore this modern online payment method and see if you can benefit from it too. Payment information.

Checks 52

Checks Direct Deposit ACH Online and Mobile Banking 52

Stax

FEBRUARY 28, 2024

In simplest terms, payment terminals are the machines used to pay for things using credit or debit cards when you make a purchase in-person. When you buy something at a store and insert your chip card into a machine that uses EMV technology, that’s a payment terminal. Learn More What are payment terminals?

Payments 88

Payments Credit Cards Non-Bank Contactless Payments 88

FICO

FEBRUARY 17, 2023

From the rapid and sudden shift to online and mobile banking, to exploring artificial intelligence (AI) and hyper-personalization , the finance world is changing quickly. Banks and other financial institutions are adopting a digital first strategy, and there’s no going back.

Online and Mobile Banking 52

Online and Mobile Banking Scams Debit Card Risk 52

PYMNTS

APRIL 2, 2019

When The Clearing House (TCH) unveiled the Real-Time Payments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. Most modern bills (73 percent) are paid directly to the biller, according to recent research , while the rest are reconciled by bank bill pay (BBP).

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

Payment Savvy

NOVEMBER 9, 2022

EFT payments are becoming increasingly popular as more and more people conduct their financial affairs online. An Electronic Funds Transfer (EFT) is the movement of money electronically from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit Funds Transfer 98

PYMNTS

AUGUST 9, 2017

Card-based transactions in China — where UnionPay holds a state-enforced monopoly on all card-based payments — are up 35 percent over this time a year ago. And though UnionPay was once among the first to develop mobile payment QR code technology, it has largely ceded that ground to China’s two dominant mobile app payment players.

Online and Mobile Banking 46

Online and Mobile Banking Payments Push-to-Card Mobile Payments 46

PYMNTS

OCTOBER 5, 2016

The cards are largely associated with the 10 million or so unbanked families in the U.S. as one of their primary tools of financial management — since prepaid cards can be used in ways essentially analogous to debit cards for payments, funds storage, cash-outs at ATMs or receipt of salary.

CFPB 75

CFPB Rules PayPal Debit Card 75

PYMNTS

MARCH 8, 2018

based online cross-border remittance services provider WorldRemit is one player working to smooth out common speed bumps that slow payments for businesses and individuals alike. Taking Transfers Online. Behind its faster payments strategy is an online-only approach. In a recent interview, Brion Nazzaro, the company’s U.S.

Compliance 40

Compliance Cross-Border P2P Online and Mobile Banking 40

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

PYMNTS

JUNE 27, 2019

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.

Blockchain 59

Blockchain Digital Payments Instant Payments Payments 59

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.

Process 105

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

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. In order to receive card-based payments, businesses need to have a merchant account.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Fintech Labs Insights

AUGUST 8, 2016

Online automobile insurance. Digital banking technology. Investment banking platform. Mobile payments platform. Lost/stolen credit & debit card solution. Tags: Consumer, savings, deposits, spending, investing, personal financial management, PFM, mobile. Latest round: $14.4 million Debt.

Underwriting 18

Underwriting FinTech Debit Card Online and Mobile Banking 18

Fintech Labs Insights

AUGUST 5, 2016

million from Bank of Tokyo. Online broker. Multi-merchant credit/debit card loyalty progam. Credit card & mobile payments fraud protection. Online brokerage & trading system. Tags: Consumers, mobile payments, credit/debit cards, security, fraud protection. P2Binvestor.

Multi-Currency 17

Multi-Currency FinTech Funds Transfer Advisors 17

Fintech Labs Insights

NOVEMBER 23, 2015

Financing online consumer purchases. Global funds transfer service for businesses. Online small business financing. Prepaid card platform. Mobile banking & payments platform. Mobile ecommerce & payments platform. Mobile point-of-sale solution. Online health insurance broker.

NOV 21

NOV Debit Card FinTech Online and Mobile Banking 21

Fintech Labs Insights

JULY 12, 2016

Online insurance. Mobile wallet analytics. Mobile savings account. Prepaid debit card for youth. Funds transfers. Tags: Consumer, remittances, fx, international funds transfer, bitcoin, crypto-currency. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Latest round: $134.5

Underwriting 17

Underwriting P2P FinTech Online and Mobile Banking 17

Payment Savvy

NOVEMBER 8, 2022

Barely a couple of decades ago, there were just a few options available for transferring money from one account to another, but the rise of internet banking has given way to a bunch of different services with different names, processes, fees, and waiting times. What Exactly is an EFT Transfer?

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

Fintech Labs Insights

JUNE 16, 2016

million to launch its virtual bank. Full-service digital bank. Mobile rent payments. Mobile ordering & payment app. Tags: SMB, merchants, acquiring, credit/debt card processing, restuarants, payments. EZBob landed a $25 million debt commitmen t to increase its SMB lending. Tink raised $10.2 Source: Finovate.

Underwriting 16

Underwriting FinTech Debit Card Online and Mobile Banking 16

Fintech Labs Insights

OCTOBER 9, 2015

Mobile payments. Developer tools for mobile card acceptance . Developer tools for mobile card acceptance . Cybersecurity tools for banks and credit unions. Mobile payments for parking lots. Tags: Consumer, lending, banking, insurance, credit cards, lead gen. Total raised: $54.1

FinTech 29

FinTech Online and Mobile Banking P2P Underwriting 29

Fintech Labs Insights

MARCH 28, 2016

In total, there were 13 fintech startups (or 15 by the Bank Innovations definition ), 12% of the total YC W16 class of 109. Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. CurrencyFair brought in $9 million for its P2P international transfer service.

FinTech 15

FinTech Underwriting Debit Card P2P 15

Fintech Labs Insights

JANUARY 18, 2016

App Annie garnered $63 million for its mobile analytics and development tools. million to its digital banking platform. Startup digital bank. Mobile analytics . Online marketplace for real estate investing. SaaS banking platform. Mobile insurance brokerage. RealtyMogul took in another $18.4

Online and Mobile Banking 18

Online and Mobile Banking Underwriting FinTech Payment APIs and Integration 18

EBizCharge

APRIL 17, 2024

Your business can benefit from payment links since they don’t involve technical requirements for the payer and offer versatile payment links such as credit cards, electronic payments, and mobile payment options. These links also provide safer and faster fund transfers and work well with various payment service providers.

Payments 59

Payments Online and Mobile Banking Payment Gateways Credit Cards 59

Payment Savvy

JULY 12, 2024

For example, you could add a convenience fee if your standard payment method is cash or check, but a customer wants to pay over the phone or online with a credit card. A convenience fee is applied for using a non-standard payment method, while a surcharge is an additional fee added specifically for credit card transactions.

Card Network Rules 52

Card Network Rules Non-Bank Alternative Payment Methods Credit Cards 52