The Fintech Times

NOVEMBER 16, 2024

per cent Central Bank of Armenia (CBA) Armenia’s growth has been driven in part by its young, tech-savvy population. Through its regulatory sandbox, the Central Bank of Armenia (CBA) has attracted $90million in investments, propelling the country to 34th place in the Global Fintech Index 2023. per cent holding a credit card.

FinTech 69

FinTech Central Bank Financial Literacy Online and Mobile Banking 69

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 131

Online and Mobile Banking Treasury Non-Bank Credit Cards 131

Stax

NOVEMBER 13, 2024

Understanding ACH credit payments means understanding the way in which different types of ACH payments are processed in the US banking system. ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. Customers can initiate an ACH credit payment online or by phone.

ACH 88

ACH ACH Network Payer Payee 88

PYMNTS

FEBRUARY 14, 2020

Customer service is the lifeblood of financial services, just as much as credit cards, debit cards and checking accounts. But as banking becomes ever-more mobile, and account openings and activities are done through digital channels, the very definition of support – and how it should be provided – is changing.

Consumer 91

Consumer Online and Mobile Banking Small Business Debit Card 91

Payments Source

FEBRUARY 7, 2019

Customers reported being unable to access online banking, mobile banking or their debit cards.

Debit Card 62

Debit Card Mobile Banking 62

PYMNTS

APRIL 23, 2020

The rise of FinTech, the increasing globalization of finance — and even ravages of the coronavirus, which is making us all bank and transact across phones — all have pointed to one simple, urgent question: Just what is a bank, anyway? In a recent PYMNTS study , What is a Bank: What U.S. As many as 36.8

Online and Mobile Banking 100

Online and Mobile Banking Checks Debit Card Community Banks 100

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Payment APIs and Integration 99

Payment APIs and Integration Online and Mobile Banking Credit Union Community Banks 99

PYMNTS

OCTOBER 20, 2020

In an interview with PYMNTS, Scott Young , VP of Innovation at PSCU , noted that in the changing consumer environment, digital and mobile banking are “table stakes,” but credit unions (CUs) must be conscious of how member payment preferences are evolving. More Comfort Online . Stepping Up On Credit .

Credit Union 107

Credit Union Online and Mobile Banking Push-to-Card Debit Card 107

Fintech News

MAY 21, 2024

Interest rates for savings accounts have become a prominent topic in recent years, driven by changing central bank policies and increasing inflation. In Singapore, banks have adjusted their offerings to attract customers by offering more competitive interest rates. inclusive of the prevailing interest rate of 0.05% p.a.)

Accounts 117

Accounts Multi-Currency Online and Mobile Banking Credit Cards 117

Payment Savvy

DECEMBER 2, 2022

Until recently, people made their credit and debit card payments with a bit of distrust because they were afraid of scammers stealing their card information through the card’s magnetic stripe. What are NFC Mobile Payments? How Do NFC Mobile Payments Work? How to Accept NFC Mobile Payments?

Mobile Payments 98

Mobile Payments Contactless Payments Online and Mobile Banking CHIPS 98

PYMNTS

JUNE 9, 2020

Mobile banking has been edging out desktop banking for years, but branch closures during the COVID-19 pandemic appear to have given it a significant push. Registrations on mobile banking apps rose 200 percent in April, for example, and mobile traffic on such apps jumped 85 percent for the month.

Online and Mobile Banking 59

Online and Mobile Banking MFA SWIFT Enrollments 59

PYMNTS

DECEMBER 16, 2020

In today’s top news in digital-first banking, FIS is working with Quontic Bank on the Bitcoin Rewards Checking Account, while Aeldra has chosen i2c Inc. to power its digital private banking offerings. FIS Powers Launch Of Quontic Bank’s Bitcoin Rewards Account. Aeldra Taps i2c To Enable Global Banking Services.

Online and Mobile Banking 62

Online and Mobile Banking FDIC Accounts Debit Card 62

PYMNTS

SEPTEMBER 1, 2020

Wells Fargo is launching a new, low-cost bank account — with access as well to a new digital payments service — in its latest move to push beyond a series of scandals. bank account, the bank noted in its announcement. The bank said it will also waive the $5 fee for younger account holders ages 13 to 24.

Digital Payments 93

Digital Payments Accounts Zelle Online and Mobile Banking 93

PYMNTS

JULY 1, 2020

Despite the surge in mobile payments and online banking , no one is predicting the disappearance of traditional banks and their brick-and-mortar branches. . The collaborative analysis does not predict an overnight exodus of consumers from their banks and does not assume that Amazon is ready to leap into personal banking.

Online and Mobile Banking 73

Online and Mobile Banking Debit Card ATM Accounts 73

Payment Savvy

NOVEMBER 9, 2022

EFT payments are becoming increasingly popular as more and more people conduct their financial affairs online. Transferring money between your own accounts at different banks. These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer. How EFT Payments Work.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

PYMNTS

JULY 16, 2020

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. However, the bank nonetheless built up an extra $4 billion in reserves during the period to cover any future credit losses. consumer cards vs. $93.6

Online and Mobile Banking 57

Online and Mobile Banking Zelle Debit Card Mobile Banking 57

PYMNTS

APRIL 30, 2020

The coronavirus pandemic has consumers around the world turning to digital devices to access banking services. The new surge in demand is putting financial institutions’ (FIs’) online and mobile offerings to the test and allowing FIs to show off their digital investments and know-how to assure customers that they are in good hands.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card Mobile Banking Adjustments 60

PYMNTS

OCTOBER 19, 2017

Seed , which launched in 2015 to disrupt small business (SMB) banking, is emphasizing its focus on mobile-first solutions in the wake of revelations of its recent survey. 18), Seed revealed news that it is rolling out small business banking solutions and released the results of a survey of 423 small businesses in the U.S.

Small Business 46

Small Business Cash Management Online and Mobile Banking Mobile Deposit 46

PYMNTS

JANUARY 25, 2021

In today’s top digital-first banking news, German neobank N26 has hired a new chief financial officer (CFO) as it eyes a future initial public offering (IPO), while FinTech app Goalsetter has raised $3.9 The mobile banking program also allows for peer-to-peer (P2P) transactions and money transfers. million in a seed round.

Financial Literacy 74

Financial Literacy Underwriting Online and Mobile Banking Debit Card 74

PYMNTS

APRIL 6, 2017

Customers of Deutsche Bank in Germany can now make host card emulation (HCE)–based mobile payments using their Mastercard linked to the bank’s Deutsche Bank Mobile app, according to NFC World. As the bank explained in a statement, customers can upload the app onto their Android smartphone (version 4.4

Mobile Payments 40

Mobile Payments Online and Mobile Banking Visa Debit Card 40

PYMNTS

NOVEMBER 30, 2020

They use their mobile devices for everything from checking the weather to posting on social media to pulling up real-time maps and using them to navigate to new destinations. Thirty-two percent, however, are unwilling to allow their FIs to access this information, and 36 percent do not understand why their banks would require access to it.

Consumer 68

Consumer Card Issuer Accounts Online and Mobile Banking 68

The Fintech Times

JULY 24, 2024

According to UK Finance , the trade association for the UK banking and financial services sector, in 2023, the volume of cash payments made in the UK fell by seven per cent to six billion (from 6.4 In particular, the report highlights the growth of mobile contactless payments. Is mobile banking set to dominate?

Online and Mobile Banking 59

Online and Mobile Banking Contactless Payments Debit Card Payments 59

PYMNTS

NOVEMBER 28, 2016

For years, financial institutions have relied heavily on face-to-face interactions at the bank branch in order to determine the financial needs of their customers. But today, banks are struggling to make these complex decisions because, in many branches, customers are nowhere in sight. How can banks truly do more?

Online and Mobile Banking 72

Online and Mobile Banking Mobile Payments Checks Consumer 72

PYMNTS

DECEMBER 7, 2018

credit unions and banking institutions to its platform this month, according to a report. The list of banks added to the list has been growing recently, including international ones as well. 6, Google announced that Danske Bank would support the app. The American banks are: Arundel Federal Savings Bank. Evans Bank.

Credit Union 52

Credit Union Mobile Payments Online and Mobile Banking Community Banks 52

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

DECEMBER 11, 2019

In today’s top news, policymakers at the European Central Bank (ECB) will meet to discuss the pros and cons of launching their own electronic currency. Also, open banking platform Token.io ECB President Touts Benefits of Central Banks Launching Crypto. Token’s M10 Networks Launches ‘Bank-Grade’ Digital Money Rail.

Central Bank 52

Central Bank Cross-Border Online and Mobile Banking Cross-Border Payments 52

Clearly Payments

JANUARY 29, 2024

The banking landscape is undergoing a transformation, driven by the emergence of neobanks. These digital-only banks are challenging the traditional financial institutions by offering products and services that cater to the needs of tech-savvy consumers. For their banking structure, Neobanks can come in two forms.

Online and Mobile Banking 105

Online and Mobile Banking Payments Innovation Push-to-Card 105

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. Online account openings have increased 14.5 Confronting Digital Banking Reality.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Mobile Banking Volume 52

Fintech Finance

FEBRUARY 19, 2025

This concern surrounds current and potential innovations like generative artificial intelligence (GenAI), social commerce and pay-by-bank reveals a new study from Payments Canada. Overall, 29 per cent of Canadians find pay-by-bank appealing, 33 per cent do not find it appealing and 38 per cent are neutral.

Innovation 59

Innovation Online and Mobile Banking Security Fraud Detection 59

PYMNTS

JANUARY 15, 2020

Zelle peer-to-peer (P2P) payments increased 76 percent year-over-year in the fourth quarter of 2019, Bank of America said on Wednesday (Jan. In its Q4 financial release , Bank of America also gave updates on its mobile and digital efforts. As it stands, Bank of America now has 38.3 consumer cards.

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

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. ACH stands for Automated Clearing House Network. What Exactly is an EFT Transfer?

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

PYMNTS

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

Consumer 46

Consumer Online and Mobile Banking Debit Card P2P 46

PYMNTS

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. In its Q3 financial release , Bank of America also gave updates on its mobile and digital efforts. In all, Bank of America now has 38 million active digital banking users, along with 28.7

Zelle 46

Zelle Online and Mobile Banking P2P Debit Card 46

PYMNTS

JULY 17, 2019

Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method. In its Q2 2019 financial release , Bank of America also gave updates on its mobile and digital efforts. consumer cards.

Zelle 47

Zelle Online and Mobile Banking Debit Card Payments 47

PYMNTS

MAY 13, 2019

The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app. A possible limit to Zelle’s service — at least, for the time being — is its status as a payment method that relies on bank rails, not card rails.

P2P 79

P2P Zelle Venmo Debit Card 79

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

JUNE 21, 2017

Yesterday, PayPal announced news that soon, Venmo and PayPal users will be able to send money transfers via its mobile app in a heartbeat to anyone they want — and have the receiver access and use those funds — in a heartbeat — anywhere that Visa and Mastercard debit cards are accepted. So, anywhere.

Venmo 53

Venmo PayPal Online and Mobile Banking Issuers 53