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.

FinTech 101

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 101

Stax

APRIL 18, 2024

Accepting credit card transactions is no longer a decision of whether to but rather how to. With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. Card Network (e.g., Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

The Fintech Times

FEBRUARY 15, 2024

Since point-of-sale (POS) card terminals were first introduced by Visa in 1979, the payment system has hardly seen much advancement. Despite this, as fewer people stick to using cash, POS terminals are increasing in importance for large and small businesses alike. No additional hardware needed.

Technology 64

Technology Point-of-Sale (POS) Small Business Online and Mobile Banking 64

EBizCharge

AUGUST 12, 2024

Merchant acquirers , also known as acquiring banks, are responsible for setting up and maintaining merchant accounts, allowing businesses to accept payment cards from customers. Card issuers are banks or financial institutions that issue credit cards to consumers. If approved, the merchant completes the sale.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

PYMNTS

JANUARY 15, 2021

The bank attributed the drop mostly to a $757 million reserve release due to the announced sale of its student loan portfolio and lower net charge-offs. Wells Fargo saw credit card point of sale (POS) volume of $22.9 The bank saw heightened debit card usage during Q4. billion a year ago.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Debit Card Online and Mobile Banking Volume 52

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. Card Network: The credit card network sends the transaction details to the issuing bank (the customer’s bank) for authorization.

Process 45

Process Processors Online and Mobile Banking Payments 45

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.

Debit Card 66

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

EBizCharge

JUNE 3, 2024

An electronic funds transfer , or EFT, is a core pillar of modern banking and transactions. The term encompasses a broad range of electronic financial transactions in which funds are transferred from one bank account to another without physical exchange. Bank ATM: Transactions conducted at bank ATMs also fall under the EFT category.

Funds Transfer 52

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer 52

Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Generally, here’s a breakdown of the types of payment processing fees you can expect: Interchange fees These are fees a merchant pays directly to the credit card provider.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Clearly Payments

FEBRUARY 14, 2024

The proliferation of ewallet platforms and mobile payment systems over the past decade has also revolutionized the way consumers interact with financial services. billion mobile wallet users globally , highlighting the rapid adoption of these convenient and secure payment options. As of 2023, there were over 4.5 With over 7.2

Payments 104

Payments BNPL Value Added Service ISOs 104

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.

Electronic Funds Transfer (EFT) 52

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.

Electronic Funds Transfer (EFT) 52

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

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

EBizCharge

SEPTEMBER 18, 2024

This system allows businesses and consumers to move money between bank accounts, either within the same institution or across different financial institutions. They facilitate payroll, pension payments, or any recurring direct deposit to an individual’s bank account. Large companies with AR departments commonly use this code.

ACH 52

ACH IAT ACH Network Direct Deposit 52

PYMNTS

APRIL 17, 2018

PayPal has inked a deal with point-of-sale (POS) company ebizmarts to help retailers offer both POS and digital payments. According to news from Mobile Payments Today , under the partnership, PayPal’s mobile card product will be combined with ebizmart’s mobile app Magento.

PayPal 40

PayPal Point-of-Sale (POS) Online and Mobile Banking Debit Card 40

PYMNTS

APRIL 15, 2020

As stated on the post-earnings conference call with analysts, CEO Charles Scharf said, “if confidence does deteriorate and the shelter-in-place orders stay on for longer, which is possible, then it wouldn’t surprise me that loss estimates would have to go up from this point.”. billion, also on reduced customer spending.

Point-of-Sale (POS) 60

Point-of-Sale (POS) Debit Card Online and Mobile Banking Credit Cards 60

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

Stax

JULY 25, 2024

Years ago, point-of-sale (POS) systems were reserved for large enterprises with big budgets. Today, a small business is barely complete without a POS system. If you feel left out, the good news is that there’s a POS system out there ideal for your business.

Small Business 88

Small Business PCI DSS CRM Online and Mobile Banking 88

Stax

APRIL 11, 2024

Your PMS is a central hub to manage payment requests and store banking information (like your routing and bank account number for ACH payments ). Payment gateways securely process online payments, acting as a bridge between your website and the payment processor. What Are the Benefits of a PMS?

Payments 88

Payments PCI DSS Compliance Processors 88

PYMNTS

APRIL 21, 2020

Overall credit card spend was down 29.9 percent and debit card spend was off 18.1 Even grocery spending growth slowed to 25 percent on credit cards and 10 percent for debit cards, which gives a nod to the fact that consumers are likely “fully stocked up.” The Shift In Payments.

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

JANUARY 30, 2019

In addition, Central JD Fintech is introducing the Dolfin wallet in Asia , and AMS Public Transport Holdings Limited along with AlipayHK is launching a minibus mobile payment system also in Asia. The system integrates payment processing with a point of sale (POS) for merchants operating online and in physical stores.

FinTech 49

FinTech Point-of-Sale (POS) Online and Mobile Banking Debit Card 49

PYMNTS

FEBRUARY 28, 2019

These trends included double-digit gross payment volume (GPV) growth, as measured year on year, double-digit transaction gains and traction in newer technology offerings — such as point-of-sale (POS) financing to help sellers log their own top-line growth. per share missed the Street estimate of $0.11.

Debit Card 68

Debit Card Payroll Point-of-Sale (POS) Underserved 68

Stax

DECEMBER 20, 2023

Optimize your credit card processing speeds Slow transactions are, at best, an annoyance to customers, and at worst, result in lost sales, especially online. In order to improve processing speeds, you should make sure your POS equipment is up-to-date and that your internet connection is both stable and fast.

Credit Cards 88

Credit Cards Small Business Process Security 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. Payment links eliminate the need for a physical card or point-of-sale (POS) system, making them versatile for remote billing or services.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 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

PYMNTS

NOVEMBER 18, 2019

And it is the consumer’s expectation of payments done with speed, account to account, that will create ripple effects for banks, merchants, corporates and corporate transactions. I don’t have to think about the bank clearing and settlement cycle. The Merchants. It’s to the merchant’s benefit to get money sooner,” he said.

Real Time Payments 49

Real Time Payments Consumer ISO 20022 Online and Mobile Banking 49

PYMNTS

AUGUST 14, 2019

This is a significant advance, considering it will be the biggest infrastructure upgrade since the ACH system went online in 1972. Apex Capital’s trucker clients can receive funds onto company-issued closed-loop fuel cards or payments into their bank accounts. By their nature, trucking companies are mobile.

Faster Payments 64

Faster Payments Real Time Payments Payments Point-of-Sale (POS) 64

PYMNTS

FEBRUARY 26, 2018

We found out Google was hitting reset on its mobile payments ambitions. And we learned Bank of America is perhaps a little bit concerned about the competitive risk bitcoin presents. According to reports, the problem has been since corrected — and, according to the bank, the issue affected only a “very low number” of accounts.

Online and Mobile Banking 40

Online and Mobile Banking Debit Card Checks Point-of-Sale (POS) 40

PYMNTS

SEPTEMBER 17, 2018

The company is authorized and regulated by London’s Financial Conduct Authority (FCA) as an electronic money institution, working to give small and medium-sized businesses an affordable way of receiving card payments. In addition, we got access to free online banking and lots of additional services.”

Online and Mobile Banking 51

Online and Mobile Banking Debit Card Authorization Point-of-Sale (POS) 51

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Stax

NOVEMBER 6, 2023

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. Mobile payments are much more secure than cash and checks.

Small Business 88

Small Business Mobile Payments Mobile Payment Processing Online and Mobile Banking 88

EBizCharge

APRIL 25, 2024

Apply for a merchant account A merchant account is typically set up through a payment processor or acquiring bank. This account serves as an intermediary between the business and the payment processor or acquiring bank, facilitating the secure processing of credit and debit card transactions, among other forms of payment.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 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. 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

PYMNTS

SEPTEMBER 3, 2018

million in tokens for DENT, a mobile data ICO; and over $1.1 This solution will make it easier for receivers in those markets to receive and use funds instantly (via their bank-issued Visa-branded debit card or Visa-branded prepaid card), and senders may choose the option by which to send those funds.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

Fintech Labs Insights

JULY 12, 2016

Online insurance. Mobile wallet analytics. Mobile savings account. Prepaid debit card for youth. Tags: SMB, merchant, payments, POS, point of sale, credit/debit cards, acquiring. Fintech deals by size from May 28 to 3 June, 2016: Partners Life. Latest round: $134.5 Avenues India.

Underwriting 17

Underwriting P2P FinTech Online and Mobile Banking 17

Fintech Labs Insights

MARCH 1, 2016

Mobile & online payments in India. Online marketplace for real estate investing. Credit card rewards optimization . Tags: Consumer, loyalty, payments, rewards, PFM, personal finance, credit/debit cards, spending. Source: Crunchbase , Finovate. Latest round: $5.8 Total raised: $5.8 HQ: Kormangala, India.

FinTech 15

FinTech ACH Point-of-Sale (POS) B2B 15