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 112

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?

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Finovate

FEBRUARY 2, 2024

First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. Account holders will have access to both a digital and a physical debit card that includes a feature that enables them to allocate their savings toward specific goals. The company noted that it hopes to add 2.8

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BNPL Online and Mobile Banking Debit Card Non-Bank 59

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

Stax

JULY 9, 2024

EFT payments are transactions between the sender and receiver that transfer funds electronically from the sender’s bank account to the receiver’s. Learn More Debit and credit card transactions Perhaps the most commonly known EFT payment type is credit and debit card transactions. Easy to use.

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

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.

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Financial Literacy Underwriting Online and Mobile Banking Debit Card 74

Nanonets

SEPTEMBER 28, 2023

​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. It is a system of transferring money from one bank account to another without the use of paper checks, or cash. Plus, EFT payments are typically backed by your bank, so you can be sure that your money is safe.

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Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

Nanonets

SEPTEMBER 28, 2023

​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. It is a system of transferring money from one bank account to another without the use of paper checks, or cash. Plus, EFT payments are typically backed by your bank, so you can be sure that your money is safe.

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Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52

PYMNTS

MARCH 30, 2020

Debit networks need to ensure that customers feel safe using the payment method, and that means imposing robust security measures and quickly cracking down on any instances of fraud that do slip through. The March Next-Gen Debt Tracker ® examines how debit cards are advancing into new areas to serve cryptocurrency holders and even children.

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Debit Card Venmo Point-of-Sale (POS) Online and Mobile Banking 66

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%.

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Credit Cards Federal Reserve FedNow Online and Mobile Banking 94

Fintech News

SEPTEMBER 17, 2024

UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI) that enables instant money transfers between two bank accounts through a mobile platform. By FY 2028-29, the number of active credit cards is expected to double to 200 million, supported by a compound annual growth rate (CAGR) of 15%.

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Digital Payments Credit Cards Payments Online and Mobile Banking 106

PYMNTS

JANUARY 20, 2020

There are a few common themes among big bank earnings reports. consumer spending is carrying over to other areas where banks get their bread and butter. That positive consumer mindset has also helped foster positive sentiment among corporate and commercial customers of the bank, said Piepszak. credit and debit cards.

Consumer 53

Consumer Online and Mobile Banking Debit Card Credit Cards 53

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.

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Zelle Online and Mobile Banking Debit Card P2P 52

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

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Zelle Online and Mobile Banking P2P Debit Card 46

PYMNTS

DECEMBER 30, 2019

According to Down Detector , an online platform tracking website issues, Venmo’s problems increased in the late morning and continued into the early afternoon. Thousands of users reported multiple difficulties during the time period, including complaints about cards being declined as well as an inability to pay various bills and rent. “We

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Venmo Request for Comment Debit Card Online and Mobile Banking 52

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.

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Zelle Online and Mobile Banking Debit Card Payments 47

The Fintech Times

JULY 16, 2024

The terms ethical finance and ethical banking often go hand in hand with climate awareness and focusing on net zero. “Another noteworthy ethical fintech initiative is peer-to-peer (P2P) lending platforms that focus on social impact. However, they are not restricted to the climate.

FinTech 75

FinTech Financial Literacy Online and Mobile Banking P2P 75

PYMNTS

NOVEMBER 25, 2019

PayPal and Discover have joined forces to allow customers to use the credit card’s Cashback Bonus or Miles to buy things through PayPal, according to a Monday (Nov. Once the accounts are linked, Discover customers can pay for purchases at millions of online stores using PayPal, and instantly redeem any amount of accumulated rewards. . “We

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PayPal Zelle Online and Mobile Banking Enrollments 60

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

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.

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Venmo PayPal Online and Mobile Banking Issuers 53

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Here’s a wakeup call of sorts: Volmar noted that in recent months, the U.K. It’s unlivable. percent of fraud?”.

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Security Online and Mobile Banking Blockchain Credit Cards 40

PYMNTS

OCTOBER 18, 2019

Also, Mastercard is collaborating with eCommerce retailers to offer online shoppers the Pay by Bank app, and Ant Financial is seeing an uptick in the desire for credit among small and medium-sized businesses. Mastercard Partners With Four Retailers for Pay by Bank App. Despite China’s Slowing Economy, Credit Demand Still Strong.

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Venmo Credit Cards PayPal Visa 40

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. billion to US$15 billion during the period. in July 2023.

FinTech 120

FinTech Payment APIs and Integration Online and Mobile Banking Security 120

PYMNTS

FEBRUARY 18, 2020

Increasingly, fraudsters are striking at the very beginning of customers’ relationships with banks and credit unions (CUs), focusing their efforts on account takeovers and new account fraud. There are new data privacy concerns, too.”. Traditional FIs, he said, have been wary of disintermediation by FinTechs. The Fraud Itself.

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Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66

PYMNTS

AUGUST 31, 2016

Earlier this year, India took a major step toward giving its cash-driven economy a mobile payment spin. The country’s Reserve Bank of India (RBI) announced in April the launch of a new mobile-powered system called “ Unified Payment Interface ” (UPI), which is designed to facilitate money transfer through emails and text messages.

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Online and Mobile Banking P2P Payments Payment Gateways 45

PYMNTS

NOVEMBER 1, 2019

Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize on the host of customers that near-exclusively transact and receive money through digital and mobile devices. Instant payments are gaining in international markets.

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Instant Payments Online and Mobile Banking Payments Zelle 44

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.

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Contactless Payments Payments Disputes Online and Mobile Banking 52

FICO

AUGUST 24, 2021

As we look to our mobile devices to make transactions fast and easy, the mix of underlying data has gotten incredibly complex. Increasingly, in any of these decisions a bank needs to make, they need to use data from both outside and within their organization. You’re not alone. Otherwise, we are just drowning in data with no answers.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Compliance ATM 52

PYMNTS

JULY 11, 2019

Siam Commercial Bank Pcl (SCB) said it provided a “significant investment” in the Series F funding round of Go-Jek, Reuters reported. The tie-up with the bank is said to let Go-Jek bring SCB’s products in payments, insurance and digital lending to its apps in the months to come.

Online and Mobile Banking 40

Online and Mobile Banking Debit Card P2P Small Business 40

PYMNTS

AUGUST 4, 2016

The latest news on mobile payments shows that the big banks are wanting in on the mobile wallet race, but are they already too far back in the pack? Here’s the latest news on the mobile + payments + commerce front. Miami Transportation To Offer Mobile Payments. Miami Transportation To Offer Mobile Payments.

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Mobile Payments Online and Mobile Banking Non-Bank Payments 40

PYMNTS

OCTOBER 4, 2017

Apple Pay Cash is a person-to-person ( P2P ) payment service that allows Apple Pay mobile wallet users to send and receive money within their friends and family network in a quick and secure manner. When users receive money, they can transfer it to a bank account or spend it using Apple Pay online or in retail stores.

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Online and Mobile Banking Debit Card Venmo P2P 56

PYMNTS

DECEMBER 31, 2020

percent made purchases via mobile in the last 24 hours. 31 percent bank via app. 56 percent of restaurants with customers who are using mobile order-ahead features more often have experienced increased revenues. Accelerating The Real-Time Payments Demand Curve: What Banks Need To Know About What Consumers Want And Need.

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Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

SEPTEMBER 18, 2017

Venmo launched a debit card powered by Shift Financial, Equifax tried to shift some blame for its horrific breach and Nordstrom decided to transition to a store design without inventory. Venmo’s New Debit Groove. First up was the announcement that Venmo is testing a free debit card linked to users’ accounts.

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Venmo Debit Card Online and Mobile Banking Breach 46

PYMNTS

AUGUST 30, 2016

The latest update to the Google Wallet app will enable users to make automatic bank transfers, no longer requiring that funds be cashed out from the Wallet balance beforehand. Now, Google Wallet users will be able to select a bank account or debit card within the app or via web for automatic transfers.

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Debit Card Online and Mobile Banking Venmo Facilitators 40

PYMNTS

SEPTEMBER 7, 2016

Wearables are becoming the must-have of mobile devices. Trupay is one of the first private sector companies in India to offer a mobile payment app based on a unified payment interface (UPI), according to a press release. The gloves are off in the fight for Europe’s mobile payments market. But with the impending arrival of U.S.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments P2P Credit Cards 40

PYMNTS

FEBRUARY 13, 2020

There are a lot of checks and reporting requirements involved if we were to utilize a third-party system to, say, implement credit cards or debit cards … for their refunds, as opposed to issuing them paper checks,” she said. Mobile Disbursements And Security.

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Direct Deposit ACH Checks P2P 52

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