Fintech News

SEPTEMBER 10, 2024

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. The digital payment revolution The first trend outlined in the report is the digital payment revolution.

Cross-Border Payments 103

Cross-Border Payments Cross-Border APACS Interoperability 103

The Fintech Times

AUGUST 12, 2024

Commissioned by Discover® Financial Services’ PULSE debit network and conducted by Banking & Payments Group , the study gauged insights from large banks, credit unions and community banks. point-of-sale (POS) transactions, two account-to-account transfers, and 1.9 ATM transactions.

Debit Card 62

Debit Card Consumer Debit Transaction Point-of-Sale (POS) 62

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.

Small Business 88

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

Fintech Finance

MAY 30, 2024

The way people pay and get paid has changed more in the past five years than in the last 50, and the latest innovations will bring new payment experiences to transform commerce and money movement spanning eCommerce, face-to-face in-store shopping, and seamless money transfers.

Online and Mobile Banking 52

Online and Mobile Banking Product Credential RTP 52

PYMNTS

SEPTEMBER 14, 2020

Obviously, consumers are looking to buy everyday goods online as opposed to going inside a store, [and] we effectively have seen two to three years of eCommerce growth in a matter of three or four months. The first phase of responding to COVID-19 was largely an all-hands-on-deck drive toward digitization, Abele said.

Online and Mobile Banking 78

Online and Mobile Banking Point-of-Sale (POS) Consumer Mobile Payments 78

Stax

SEPTEMBER 17, 2024

A payment gateway is a must-have for online stores. In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. And the best way for online businesses to start accepting payments is with a payment gateway.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

PYMNTS

JUNE 12, 2020

The potential union would unite Ovo , Indonesia’s giant digital payment service that is backed by Singapore’s ride-hailing giant Grab Holdings , along with Dana, Indonesia’s digital wallet platform, an Alibaba Group Holding Ltd. Ovo and Gojek have been battling for top payments spot for the last two years, the report said.

Point-of-Sale (POS) 64

Point-of-Sale (POS) FinTech Online and Mobile Banking Digital Payments 64

PYMNTS

JANUARY 28, 2021

The use of Apple Pay, Google Pay and other digital wallets has also been on the upswing since the start of the pandemic. PSCU reported that the hike in mobile wallet credit purchases among its CUs’ members was nearly 48 percent by August 2020, while mobile wallet debit purchases climbed 22 percent during the same period.

Contactless Payments 74

Contactless Payments Credit Union Innovation P2P 74

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. But to seamlessly receive these payments as a merchant, you’ll need merchant processing services.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. Further, Statista projects that the value of global digital transactions will exceed $11 trillion in 2024. What Is an ISV vs PayFac?

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

JULY 27, 2020

It’s a stalemate, Movile CEO Patrick Hruby told Karen Webster, that can likely be broken if Facebook agrees to integrate its service with the central bank-backed instant payments platform PIX, slated for rollout in October. “In The changes that are happening in Brazil and across the region, he noted, aren’t exactly new.

Online and Mobile Banking 61

Online and Mobile Banking Central Bank Point-of-Sale (POS) Instant Payments 61

EBizCharge

NOVEMBER 12, 2024

A fundamental element that every business leader should be well-versed in is the merchant account — a critical service that facilitates electronic payments. As digital payments continue to grow in popularity, a frictionless payment processing system is vital. What is a merchant account? How do merchant accounts work?

Accounts 52

Accounts Online and Mobile Banking MSPS Debit Card 52

Stax

APRIL 18, 2024

For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. Card Network (e.g., Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

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. At its core, it involves the authorization, capture, and settlement of transactions. trillion by 2027.

Process 45

Process Processors Online and Mobile Banking Payments 45

PYMNTS

SEPTEMBER 23, 2020

Piatt noted that FIs have come up with a variety of solutions, like beefing up call centers or creating drive-thru-only banking services. And FIs want to help consumers spend money in the places where they want to spend money — which, in the wake of COVID-19 — is largely online. Recreating The Card For A Digital-First World .

Online and Mobile Banking 113

Online and Mobile Banking Push-to-Card Point-of-Sale (POS) Debit Card 113

PYMNTS

FEBRUARY 1, 2019

Customers expect unified retail experiences as they shop between in-store and online. Around The Mobile Point-Of-Sale World. The scarcity of cash in Zimbabwe is making it difficult for consumers to complete basic purchases, driving a need for digital payment solutions. Read the full feature in the Tracker.

Point-of-Sale (POS) 59

Point-of-Sale (POS) Online and Mobile Banking Visa Digital Payments 59

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

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

OCTOBER 21, 2020

To that end, the banking giant J.P. Morgan is focused on enabling payments for the millions of small businesses that are the lifeblood of Main Streets across the U.S. – Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square.

Point-of-Sale (POS) 122

Point-of-Sale (POS) Push-to-Card PayPal Volume 122

PYMNTS

JUNE 9, 2020

Linking buyers and sellers across online platforms? Supply and demand get a bit balanced in the digital realm. To that end, Jess Turner , executive vice president of products and innovation for Mastercard , and Radha Suvarna , head of digital payments and lending for the Citi U.S. No problem.

Visa 56

Visa Online and Mobile Banking Push-to-Card Enrollments 56

PYMNTS

NOVEMBER 11, 2019

He noted the example of the Asia Pacific region, where consumers buy from more than 30 million stores, compared to only one million in North America, where relatively more commerce takes place online. In addition, many smaller distributors are unbanked and do not wield cards for payments across various geographic corridors.

Online and Mobile Banking 40

Online and Mobile Banking Non-Bank Point-of-Sale (POS) Payments 40

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: Payment links are URLs that merchants can send to their customers to facilitate payments.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52

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

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

PYMNTS

JUNE 27, 2016

New reports indicate that Alipay’s team is in negotiations with Wirecard over Alipay taking a 25 percent stake in the German banking software company. The two companies, however, have made deals in the past with each other, including a deal to offer mobile payments for Chinese tourists in Europe.

Point-of-Sale (POS) 40

Point-of-Sale (POS) Online and Mobile Banking Mobile Payments Authorization 40

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. Merchants, too, enjoyed the tailwinds of a strong economy and sanguine consumer mindset. Setting The Stage.

PayPal 98

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

PYMNTS

SEPTEMBER 19, 2019

Digital payments volume is increasing as emerging technologies enable more seamless online transaction experiences for consumers and businesses. The outlook for banks, businesses and consumers to remain protected could significantly improve with the systems’ prevalence. . A recent study found that 60.8

AI 51

AI EMV Point-of-Sale (POS) Online and Mobile Banking 51

FICO

SEPTEMBER 14, 2021

I first became aware of P2P point of sale (POS) options several months ago at — no judging, please — Panda Express, where I (very) occasionally stop for a fast-food fix. For consumers, I believe the best way to prevent QR code fraud is good mobile phone security hygiene , to prevent unauthorized access to the entire device.

P2P 52

P2P Venmo Online and Mobile Banking PayPal 52

PYMNTS

APRIL 21, 2020

Individuals and families will likely tiptoe back into buying large-ticket items like cars, even as dealers start offering online services to spur new vehicle sales and financing. The Shift In Payments. And the shift away from cash may help mobile wallets, said Fagan.

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

APRIL 15, 2020

Credit and debit cards, and later, digital wallets, like PayPal, eliminated that friction for the online shopper, kept transactions secure, and reduced the risk from the merchant that items shipped wouldn’t be paid for. of them — yet their use in making online purchases is quite low.

Online and Mobile Banking 79

Online and Mobile Banking Point-of-Sale (POS) Risk Mitigation Credit Cards 79

Clearly Payments

JANUARY 10, 2024

Digital payments has become a core foundational capability with the growth of the internet and mobile devices. Payments has also become a new business model and revenue stream for businesses, particularly software and SaaS businesses. People want convenience, speed, and security rolled into a simple user experience.

Processors 82

Processors ISOs Embedded Finance Payments 82

PYMNTS

OCTOBER 1, 2020

We're focusing on the ability for consumers to use their rewards points at over 60 million merchants around the world, whether that’s online, in-store or via contactless using a major wallet such as Apple Pay or PayPal – and really bringing [loyalty redemption] to life.”. Points as Cash and the Future of Loyalty. My Rewards 2.0

Digital Currency 93

Digital Currency Point-of-Sale (POS) Online and Mobile Banking Interoperability 93

EBizCharge

MAY 20, 2024

Payment portals NetSuite’s payment portal enables businesses to offer a self-service experience where clients can view their billing history, update payment information, and make payments online. Payment processor: A NetSuite payment processor handles credit card payment details.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

PYMNTS

AUGUST 14, 2019

Last week, the Federal Reserve announced it would give some competition to The Clearing House’s Real Time Payments (RTP) with its own real-time payments service, FedNow. This is a significant advance, considering it will be the biggest infrastructure upgrade since the ACH system went online in 1972. Trucking Speeds Up.

Faster Payments 64

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

PYMNTS

DECEMBER 4, 2019

For smaller firms, especially, there are hiccups from the time it takes for the fruits of labor – a completed sale, in other words — to translate into cash in the bank. One example of the vagaries of doing business online is that customers may buy two or three items from a company with the intention of keeping only one.

Settlement 66

Settlement Visa Small Business Point-of-Sale (POS) 66

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. But, he added, there’s an incentive for merchants to shift to real-time payments.

Real Time Payments 49

Real Time Payments Consumer ISO 20022 Online and Mobile Banking 49