article thumbnail

HSBC Debuts Open Payments Platform For eCommerce As Alternative To Debit, Credit

PYMNTS

The HSBC Open Payments application will let businesses connect their checkout pages with the customers' online apps or app-based mobile platform. Then the purchaser is given a request for pre-populated payments, and upon authorization, an "instant and irrevocable credit" is applied to the seller's account.

article thumbnail

Banks, Omnichannel And The New Commerce ‘Nirvana’

PYMNTS

“Those channels could be the mobile device, the online device, the ATM, the call center or even in-branch,” said Samy. The advent of the digital age means that, say, a millennial opening that bank account can receive products or services from their FI that touch on financial well-being and educational services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Deep Dive: Billing And The Use Of Real-Time Payments

PYMNTS

Most modern bills (73 percent) are paid directly to the biller, according to recent research , while the rest are reconciled by bank bill pay (BBP). The former, biller direct (BD), involves paying bills directly through providers’ websites, while the latter entails doing so through online banking platforms. .

article thumbnail

Fraud Fighters Focusing On Better P2P Security

PYMNTS

Digital and mobile payments are surging as businesses and consumers transact from home, and this increased digital engagement has opened the door to more financial crime.” Per the Playbook, 21 percent of all fraud attacks “were waged on mobile transactions in the first half of the year and 37 percent of them originated from mobile devices.”.

P2P 56
article thumbnail

How Interac e-Transfer Won The Ubiquity Game In Canada

PYMNTS

It’s not hard to understand why the medium, small and micro-business owners of Canada would appreciate Interac e-Transfer , which enables them to send or receive funds instantly, directly from or to their bank account, as well as request payments from customers — minus the awkward face-to-face element of asking someone for money.

article thumbnail

Fraud Predictions 2020: It Could Happen to You

FICO

As a corollary to this speed, we have vested outsized amounts of trust in most or all of the companies we do business with online. These fraudulent exchanges can happen in just seconds, as part of the go-go flow we are accustomed to with mobile transactions. Stay safe in your mobile world. How Fraud Could Happen to You.

article thumbnail

The Complicated — And Increasingly Crowded — Payments Battle In China

PYMNTS

While UnionPay can boast an impressive 35 percent year-over-year growth, mobile payment methods — particularly Alibaba’s Alipay and WeChat Pay — have grown an estimated 85 percent during the same time period and have come to dominate the payments market in many of China’s urban areas. But looks can be deceiving. The JD.Com Pair-Up.