PYMNTS

DECEMBER 16, 2020

But in the digital age of commerce wrought by the pandemic, they’re becoming a key point of friction between consumers, merchants and issuers. And then, after the transaction is made, there’s the task of understanding the byzantine codes and data that are tied to online statements. from an issuer side on costs or chargebacks and fraud?’

Disputes 91

Disputes Transactions Issuers Online and Mobile Banking 91

FICO

OCTOBER 16, 2020

With ambitious goals to open up banking and decimate fraud, PSD2 has taken a long time to deliver, and we’re not quite there yet. Rather it is the issuer, known as the Account Servicing Payment Service Provider (ASPSP), that must administer it. Banks and their customers, it seems, are on the same page about this.

Authentication 40

Authentication Online and Mobile Banking Card Issuer Issuers 40

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept.

Credit Cards 99

Credit Cards Visa Credential Push-to-Card 99

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

PYMNTS

OCTOBER 2, 2020

The mobile device is the chief conduit toward staging transactions, to getting goods delivered curbside or to the house. Fast-forward to 2020, and the pandemic has shown, through the Stripes and Shopifys of the world — that the pivot to buy online/pickup/deliver has been facilitated by the innovations on the merchant side.

Push-to-Card 110

Push-to-Card Payment APIs and Integration Issuers Payments 110

PYMNTS

JUNE 9, 2020

Linking buyers and sellers across online platforms? Card-not-present (CNP) transactions are increasingly eyed by fraudsters. Consumer Bank, told Karen Webster that the two firms are working together to deliver a consistent and streamlined experience at checkout through Click to Pay. Citi now becomes the first issuer in the U.S.

Visa 56

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

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK) for its online loan-origination system. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients.

Community Banks 76

Community Banks Online and Mobile Banking Push-to-Card Card Issuer 76

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

MAY 5, 2017

Visa , the credit card issuer, announced Thursday (May 4) that it will help its financial institution partners create customized digital card management services for their customers. These capabilities will be available for issuing partners to provide to their cardholders through their online and mobile banking channels.

Card Services 56

Card Services Issuers Payment APIs and Integration Online and Mobile Banking 56

PYMNTS

OCTOBER 4, 2019

With the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. In fact, their slogan for the card is “Created by Apple, Not a Bank?.” And the card is no longer just a payment instrument; it’s more than the card itself.”.

Push-to-Card 79

Push-to-Card Credit Union Online and Mobile Banking Third Party Vendors 79

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space.

Fraud Prevention 59

Fraud Prevention Scams Online and Mobile Banking Account Takeovers 59

PYMNTS

AUGUST 28, 2020

The COVID-19 pandemic has accelerated the need for FIs to quickly scale and roll out faster payment experiences , whether that means offering businesses instant access to loans or enabling access to consumers’ stimulus funds without any wait, says Bryce Elliott , CIO at Truist Bank. It’s the end of another week and the end of a busy month.

Online and Mobile Banking 83

Online and Mobile Banking Faster Payments Push-to-Card Issuers 83

PYMNTS

MAY 10, 2017

The commerce life of a consumer is becoming more digital by the day, given the proliferation of mobile wallets, eCommerce destinations and the emerging plethora of IoT-ready devices now capable of enabling commerce for them. They include: Who they pay. Where they pay. How they can pay. Solutions exist currently, of course.

Push-to-Card 73

Push-to-Card Credential Issuers Payment APIs and Integration 73

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Most modern card readers and payment terminals are NFC-equipped.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

PYMNTS

JANUARY 8, 2019

There’s more to consumer life than purchase history — and more to card acquisition, too. Consumers want engagement and experiences, and issuers that can provide that can not only gain new customers, but keep tighter and more profitable holds on their cardholders. That is not going to change overnight. Cigar Experience.

Credit Union 56

Credit Union Issuers Online and Mobile Banking Push-to-Card 56

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

FEBRUARY 23, 2016

Yesterday, PYMNTS detailed what happened during Day 1 of Mobile World Congress in Barcelona. And then there was Facebook’s Telecom Infra Project and its virtual reality push. PayPal also broke news with a series of third-party partnerships announcements aimed at growing its global mobile money footprint.

Online and Mobile Banking 40

Online and Mobile Banking Visa Issuers Mobile Payments 40

PYMNTS

NOVEMBER 24, 2016

Mobile will likely get lot of quiet thanks during the next few day — and the holiday season in general, if for no other reason than it helps the season of peace remain, well, peaceful. Customers already have a payment form they likes — plastic cards — and they’ve spent a shopping lifetime developing habits around those cads.

Online and Mobile Banking 72

Online and Mobile Banking PayPal Push-to-Card Mobile Payments 72

PYMNTS

OCTOBER 1, 2018

It’s also the inspiration for Ondot’s work with banks to build a better bank-branded app that gives customers access to a wider array of card controls and a real-time stream of actionable data. That, according to VB, depends very much on the use cases issuers want to build into the app. “We

Issuers 56

Issuers Push-to-Card Online and Mobile Banking Use Case 56

PYMNTS

NOVEMBER 29, 2016

Citi has just provided its members an in-app window into the status of their replacement cards. 29), Citi credit card members in the U.S. will be able to track the progress of their replacement card delivery in real time. Customers will also be able to activate their card through the tracker. Starting today (Nov.

Online and Mobile Banking 40

Online and Mobile Banking Push-to-Card Credit Cards Card Issuer 40

Payment Savvy

JUNE 12, 2023

For the most part, Venmo is well regarded by consumers and merchants alike, earning a reputation as one of the leading mobile payment services around. Essentially, before processing the payment, Venmo verifies that the account holder’s balance or linked bank account has enough funds to cover the transaction.

Venmo 52

Venmo Payments Payer Card Issuer 52

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. In the battle against fraudsters, financial institutions (FIs) must start at the beginning – literally. There are new data privacy concerns, too.”.

Fraud Prevention 66

Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66

PYMNTS

AUGUST 9, 2019

Online retailers are unsure which version of 3D Secure (3DS) they are supposed to use or how to authenticate consumers who do not have mobile phones, given that 2FA is now a requirement. Robinson stated that large merchants focused on SCA’s exceptions when the European Banking Authority (EBA) first outlined the rule.

Consumer 43

Consumer Authentication Push-to-Card Online and Mobile Banking 43

PYMNTS

JUNE 15, 2017

These solutions span the gamut of B2B payments ’ needs — virtual cards, accounts payable automation and data analytics, to name but a few. That, he said, is done by creating an ecosystem of technology providers whose solutions are vetted by Visa and can be made available through Visa’s 14,000 issuers to the businesses that want and need them.

B2B 64

B2B Innovation Issuers Payments 64

PYMNTS

DECEMBER 12, 2019

11), that public pilot officially came to an end, as Penn Station was added to the New York list of MTA stations that enables open payments using network-branded contactless cards. Penn Station is going online, and [the MTA] will enable another 50 stations this month. Yesterday (Dec. The MTA’s Greater-Than-Expected Success .

Contactless Payments 66

Contactless Payments Push-to-Card Payments Use Case 66

PYMNTS

DECEMBER 15, 2016

In a mutual commitment to accelerating the adoption of an open digital wallet, global card networks Mastercard and Visa announce their agreement to allow each network to request tokenized credentials from the other when consumers are transacting across any digital medium — in app, online and in store. Tokens Get Turbocharged.

Visa 95

Visa Payment APIs and Integration Credential Push-to-Card 95

FICO

DECEMBER 23, 2019

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. 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. How Fraud Could Happen to You. The Scams You Don’t Hear About.

Online and Mobile Banking 52

Online and Mobile Banking Credential Scams Irrevocability 52

PYMNTS

AUGUST 27, 2018

Banks $88 Billion Bad Debt Concern . The delinquent credit rate is ticking up, and banks are reacting by dialing back new account approvals. Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt. In fact, at 3.4

Data Breach 41

Data Breach Breach Credit Cards Online and Mobile Banking 41

PYMNTS

DECEMBER 7, 2016

Long before American Express was a credit card issuer and a closed loop payments network, it was in the business of moving mail (and other things) quickly from one coast to the other. And it’s that push toward forward evolution that leads to this week’s big news — American Express has acquired InAuth, Inc.

Acquirers 90

Acquirers Online and Mobile Banking Zelle Push-to-Card 90

PYMNTS

JULY 17, 2019

The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. Firms must soon put more stringent fraud decisioning processes in place, and strong customer authentication (SCA) protocols must be built into checkout flows for online transactions that begin in Europe.

Consumer 65

Consumer Authentication Online and Mobile Banking Compliance 65

PYMNTS

NOVEMBER 11, 2019

And while the last week had no shortage of players pushing ahead with big moves, there were three that managed to put up some pretty staggering early-season numbers. And while the last week had no shortage of players pushing ahead with big moves, there were three that managed to put up some pretty staggering early-season numbers.

Push-to-Card 40

Push-to-Card Credit Cards Online and Mobile Banking Innovation 40

PYMNTS

FEBRUARY 18, 2019

For those charged with managing the consumer’s trust and safety when transacting online, and in the midst of increasingly clever cybercrooks, being comfortable going against the status quo flow has become much more important than ever before, he said. I joked that I’d be a shoo-in for the job. Amazon Takes Its Bite Out of the Big Apple.

Push-to-Card 67

Push-to-Card Online and Mobile Banking Consumer Governance 67

PYMNTS

MAY 7, 2018

This week in PYMNTS and commerce, we had plenty of players pushing in the spirit of said ancient wisdom, to greater and lesser effect. Amazon is also offering discounts to merchants who use its online payments service. According to Bloomberg, online merchants using Amazon’s service have paid about 2.9 Visa fell 0.9

Push-to-Card 53

Push-to-Card Online and Mobile Banking Wire Transfer Credit Cards 53

PYMNTS

APRIL 28, 2016

“It will push everyone to think differently about the value that electronic payments needs to deliver to all stakeholders, including Visa.” “Competition is better for everyone.” – Visa CEO Charlie Scharf. A statement that sounds like exactly what you’d expect to hear from the leader of the largest payments network in the world.

Online and Mobile Banking 44

Online and Mobile Banking Push-to-Card Issuers Innovation 44

PYMNTS

DECEMBER 3, 2016

If we don’t continue to evolve our network into something that adds value to the experience that an innovator or any third party wants to deliver to an issuer, a merchant or a consumer, then of course they’ll find something else that will.”. If not us, it will be someone else and, likely, a Chinese bank.”. Don’t believe us?

Payments 53

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

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

PYMNTS

APRIL 11, 2016

Stripe — The ‘PayPal ’ of mobile”. Technology, cloud computing, the diffusion of mobile devices, the many location-based technologies that mobile enables and an ever-growing supply of APIs and SDKs all make it incredibly tempting and even easy to start a “platform” business. May I have a Kleenex , please?”. “I ” Kleenex.

Venmo 45

Venmo PayPal Online and Mobile Banking Push-to-Card 45