Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

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Online and Mobile Banking Debit Card Non-Bank Push-to-Card 136

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

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Debit Card Checks Accounts FinTech 71

The Fintech Times

AUGUST 12, 2024

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. The 2024 PULSE Debit Issuer Study reveals that in 2023, the total number of debit cards, transactions and annual spending per active card all saw substantial increases.

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Debit Card Consumer Debit Transaction Point-of-Sale (POS) 64

PYMNTS

OCTOBER 14, 2020

14), Wells Fargo called out strong mortgage banking fees, higher equity markets and declining sequential charge-offs as positives for the period. “As On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. Debit card point-of-sale purchase volume hit $102.9

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Debit Card Online and Mobile Banking Non-Bank Volume 82

Tearsheet

FEBRUARY 7, 2024

This indicates a shift away from physical debit card usage toward using debit cards through digital wallets. Moreover, online purchases drive higher digital wallet usage compared to in-store transactions.

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Debit Card Online and Mobile Banking Non-Bank Credit Cards 119

PYMNTS

APRIL 28, 2020

These shifts have made digital banking and debit transactions more important than ever. The Next-Gen Debit Tracker® explores how the COVID-19 outbreak is impacting commerce and banking, as well as accelerating uptake of digital services and payment tools. Around the Next-Gen Debit World.

Online and Mobile Banking 95

Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

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.,

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Online and Mobile Banking Treasury Non-Bank Finance 132

Payments Source

JANUARY 14, 2021

The online lender founded by Renaud Laplanche is now a full-fledged challenger bank that can offer generous checking terms because, it says, it can count on its loans for profits.

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Debit Card Mobile Banking Checks Credit Cards 63

Payment Savvy

JULY 3, 2024

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.

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Debit Card Process PCI DSS Processors 52

PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. Widening Debit’s Acceptance.

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Debit Card FinTech Online and Mobile Banking Account Takeovers 103

Fintech Finance

DECEMBER 12, 2024

Mastercard, in collaboration with the Central Bank of Egypt (CBE) and Egyptian Banks Company (EBC), brings Apple Pay to users in Egypt, providing a safer, more secure and private way to pay in-store, in-app and online. Apple pay empowers consumers with a safer, more convenient way to pay, whether in-store or online.

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Visa Central Bank Debit Card Encryption 98

M2P Fintech

JULY 28, 2023

Debit cards are pivotal to a bank’s digital payment mix. In India, the number of debit cards in circulation is projected to witness a steady increase of 84.6 million cards by 2028. The total number of debit cards is anticipated to reach an impressive 1 billion*.

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Debit Card Payment APIs and Integration Reconciliation Fraud Detection 52

PYMNTS

FEBRUARY 21, 2020

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. CBDCs are a digital form of traditional money issued and governed by a country’s central bank.

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Central Bank Digital Currency CBDC Online and Mobile Banking 105

Fintech Review

NOVEMBER 15, 2024

The latest version of its non-custodial DeFi app elevates it into a decentralized banking ecosystem with a host of new features including a crypto debit card. Multi-chain deposits, yield-earning options, seamless worldwide spending, and gamified educational features support a robust suite of alternative banking services.

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Debit Card Non-Bank Online and Mobile Banking Stablecoins 52

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. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

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

Stax

NOVEMBER 6, 2023

Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.

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Mobile Payments Online and Mobile Banking Debit Card Payments 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.

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Consumer Online and Mobile Banking Small Business Debit Card 91

PYMNTS

SEPTEMBER 18, 2020

News about Chime ’s latest funding round might give pause when comparing the tech-savvy upstart’s valuation against some traditional banking players. This week, Chime, focused on banking via mobile apps, held a $485 million series F funding round that valued the company at $14.5 billion, as CNBC reported. With the $14.5

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Debit Card Online and Mobile Banking Caps FDIC 92

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.

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Online and Mobile Banking Debit Card ATM Accounts 73

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

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Online and Mobile Banking Checks Debit Card Community Banks 100

PYMNTS

APRIL 29, 2020

The COVID-19 pandemic has prompted traditional banks to take fresh looks at their digital initiatives and has given digital-only banks the opportunity to learn about the advantages and hurdles of serving customers primarily through online and mobile channels. Building Trust Between Banks and Consumers Online.

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Credit Union Consumer Online and Mobile Banking Card Issuer 105

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?

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Mobile Payments Contactless Payments Online and Mobile Banking CHIPS 98

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.)

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Accounts Multi-Currency Online and Mobile Banking Credit Cards 118

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.

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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 .

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

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.

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Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

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.

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Online and Mobile Banking FDIC Accounts Debit Card 62

Fintech News

AUGUST 12, 2024

A new report by Reputa, an online reputation monitoring system provided by Viettel, Vietnam’s state-owned telecommunications giant, offers an analysis of the country’s fintech sector and provides rankings of the most reputable fintech companies in Vietnam based on their online reputation and reach.

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FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 115

Fintech Finance

OCTOBER 29, 2024

Orange Middle East and Africa (OMEA) ( www.Orange.com ) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. Orange Money customers will be able to instantly obtain a virtual or physical debit card, linked directly to their Orange Money wallets.

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Visa Digital Payments Financial Inclusion Online and Mobile Banking 97

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

Stax

APRIL 18, 2024

According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. What is mobile credit card processing?

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Credit Cards Process Online and Mobile Banking Mobile Payments 88

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.

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Online and Mobile Banking MFA Enrollments SWIFT 59

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

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.

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Digital Payments Accounts Zelle Online and Mobile Banking 93

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.

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Process Online and Mobile Banking PCI DSS Debit Card 88

Finovate

SEPTEMBER 20, 2024

Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector. You joined TBC a few years after the bank expanded to Uzbekistan. Why Uzbekistan?

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Innovation FinTech Online and Mobile Banking On-Demand 122

PYMNTS

JUNE 3, 2020

MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. I would say the most relevant variables across Latin America are banking penetration and credit card penetration,” Gimenez noted. percent in YOY growth.

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Online and Mobile Banking Cross-Border Debit Card Cross-Border Payments 99