PYMNTS

AUGUST 6, 2020

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Bottomline Rolls Out Open Banking Service.

FinTech 110

FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

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

Clearly Payments

AUGUST 14, 2024

Payment Process Fees Differ by Region The global overall average fee for processing credit card transactions in 2024 is approximately 2.4% of the transaction value. This rate, however, varies significantly depending on the region, payment method, and type of transaction.

Process 82

Process Credit Cards Alternative Payment Methods Debit Card 82

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. This can include peer-to-peer payments, and business-to-business (B2B) or business-to-customer (B2C) transactions. There are several EFT payment types that we’ll discuss in this post.

Electronic Fund Transfer Act (EFTA) 88

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

PYMNTS

NOVEMBER 18, 2019

Against that backdrop, considering the speed at which states are accepting online sports betting (and the strength of the dollars flowing into the space), legalized gambling via mobile seems a sure wager. Several other states have online gambling legislation in the works.

Online and Mobile Banking 43

Online and Mobile Banking Governance Government Legal 43

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. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

Debit Card 103

Debit Card FinTech Online and Mobile Banking Account Takeovers 103

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. retailers have digital oversights that leave them vulnerable to attacks.

Debit Card 59

Debit Card Online and Mobile Banking Debit Transaction Issuers 59

EBizCharge

AUGUST 8, 2024

It captures transactional data, which, combined with other customer interactions tracked by Salesforce, can be analyzed to uncover purchasing patterns and preferences. From credit cards to alternative payment methods like mobile wallets, companies can cater to a global customer base with diverse payment preferences.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

Nanonets

APRIL 8, 2024

But, just as keeping a subscription on automatic renewal without oversight can be a costly mistake, so too can mismanaging recurring ACH transactions. ACH credit transactions can include your payroll, government benefit payments, tax refunds, or invoiced payments for contractors. What are ACH Payments? What are Recurring ACH Payments?

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

PYMNTS

OCTOBER 13, 2016

While mint chocolate chip ice-cream might be the way to a foodie’s heart, MintChip digital currency is not the way to a millennial’s mobile wallet, apparently — at least not in Liberty Village, Toronto. South Korea Is Mega Mobile. Korean consumers see no evil in mobile payments. is that Android mobile users in the U.K.

Mobile Payments 79

Mobile Payments Online and Mobile Banking Payments Digital Currency 79

PYMNTS

FEBRUARY 3, 2020

Cybercriminals have more opportunities than ever to swipe debit card numbers and PINs from online consumers, and false websites, large-scale data breaches and skimming tools can compromise account information. How Banks Are Responding To Fraud Concerns. Consumers — especially those in the U.S. —

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

SEPTEMBER 15, 2020

To that end, in an interview with PYMNTS, Kimber Johnson , executive vice president of strategic alliances at GIACT , said account validation is of increasing importance in an age where commerce is speeding up, and increasingly, moving online.

NACHA 69

NACHA Verification Accounts Account Validation 69

PYMNTS

OCTOBER 1, 2020

In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions. Privacy Protection In The Spotlight. under the GDPR.

Online and Mobile Banking 52

Online and Mobile Banking Privacy Regulations B2B 52

PYMNTS

MAY 8, 2020

The first quarter of 2020 should have been business as usual — especially for the payments processors and financial services technology companies — the firms that keep commerce humming across offline and online channels. The stage had been at least partially set to help merchants meet the demands of life lived online and sheltered in place.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

PYMNTS

JUNE 2, 2020

In an interview with Karen Webster, Kris Carrera , senior vice president of FIS , said the stage is set for contactless and mobile payments to displace cash and the paper check. When the coronavirus first started to take root, she said, there was still a trend toward banking, and physical services done in person for those companies.

Digital Payments 53

Digital Payments Online and Mobile Banking Payments Push-to-Card 53

PYMNTS

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards.

Security 73

Security Debit Card Fraud Detection Federal Trade Commission 73

PYMNTS

NOVEMBER 2, 2020

Taken as a group, the platform companies show that consumers are increasingly comfortable coming online to get what they need, that ad targeting is working, and that the companies that are pivoting online to reach consumers where they are — namely, on mobile devices and tablets — are embracing new ways to monetize that contact.

Online and Mobile Banking 84

Online and Mobile Banking Cross-Border Visa Volume 84

PYMNTS

AUGUST 13, 2019

Blockchain efforts — on a large scale — got a boost this week when Reliance Jio, the India-based mobile network operator, said it would set up one of the largest blockchain networks in the world. The site said Jio’s actions would help deliver automation and security to transactions and for modernizing supply chains. Amazon, Too.

Blockchain 54

Blockchain Online and Mobile Banking Debit Transaction Reconciliation 54

PYMNTS

DECEMBER 13, 2019

And early stats coming into the traditional shopping season seemed to show some continued lift as consumers continue to open their wallets and purses — online at least. Banking job cuts: In Europe, banks are facing continued uncertainty around Brexit, slowing economic growth and regulatory headwinds.

Federal Trade Commission 52

Federal Trade Commission Online and Mobile Banking Cross-Border Payments Federal Reserve 52

FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL transactions are rapidly growing. Younger Consumers Flock to BNPL.

BNPL 52

BNPL Online and Mobile Banking Credit Cards Wire Transfer 52

PYMNTS

NOVEMBER 21, 2016

million transactions in October, the first full month of activity. And though the bulk of that took place though direct deposit activity (think payroll) and B2B transactions, P2P and consumer bill pay saw tens of thousands of payments. percent on each transaction. The initial transaction requires bank information to be entered.

ACH 75

ACH Same Day ACH Payments Online and Mobile Banking 75

EBizCharge

JULY 16, 2024

The National Automated Clearing House Association (NACHA) governs the operation of the Automated Clearing House (ACH) network , a centralized system financial institutions use to facilitate electronic payments and transactions across the U.S. It also manages direct deposits, which can encompass forms of government and business disbursements.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

FEBRUARY 8, 2019

Yabuki spotlighted the news on Thursday that New York Community Bank (NYCB), with more than $51 billion in assets, is converting to a real-time platform, marked by Fiserv’s digital banking and payment solutions. Organic debit transaction growth was up in the high single digits.

Digital Payments 58

Digital Payments Zelle Online and Mobile Banking Payments 58