Fintech Finance

JULY 23, 2024

Key figures for 2023 The total number of payments made in the UK increased by five per cent to 48.1 Anecdotal evidence suggests that this trend is caused by increased numbers of shopping trips, the transition to hybrid working, the use of multiple bank accounts, and the increased use of Buy Now Pay Later (BNPL) services. billion).

Contactless Payments 86

Contactless Payments Online and Mobile Banking Debit Card Payments 86

PYMNTS

APRIL 23, 2019

Chinese technology conglomerate Tencent has invested in Argentinian mobile banking startup Uala, according to a report from Reuters. Point72 Ventures and George Soros have also invested in the mobile payment company. listed MercadoLibre and online travel company Despegar.com.

Mobile Banking 62

Mobile Banking Online and Mobile Banking Digital Payments Visa 62

Payments Source

MARCH 24, 2020

While financial institutions are encouraging customers to use their digital banking services rather than the branch or ATMs during the outbreak, attackers will also be looking to exploit this potential increased adoption of mobile banking and mobile payment apps, says OneSpan's Sam Bakken.

ATM 136

ATM Mobile Banking Mobile Payments Payments 136

Stax

JULY 9, 2024

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. For merchants, digital payment methods include the ways in which payments are accepted.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

APRIL 6, 2017

Customers of Deutsche Bank in Germany can now make host card emulation (HCE)–based mobile payments using their Mastercard linked to the bank’s Deutsche Bank Mobile app, according to NFC World. As the bank explained in a statement, customers can upload the app onto their Android smartphone (version 4.4

Mobile Payments 40

Mobile Payments Online and Mobile Banking Visa Debit Card 40

PYMNTS

MARCH 31, 2016

Banking on mobile devices is continuing to grow in popularity. According to WSJ , more than half of mobile banking users surveyed reported that they had received push notifications, text messages or email alerts from their respective financial institutions.

Mobile Banking 41

Mobile Banking Fed Online and Mobile Banking Federal Reserve 41

FICO

DECEMBER 4, 2017

Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. Mobile Payments Proliferate. Mobile Payments Are Tied to DDA and Savings Accounts.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

OCTOBER 22, 2018

Make consumers feel as though they are in charge, and give them more transparency into their personal payment transactions, and you might not only win their loyalty, but could also encourage them to spend more, or use your payment methods more often. 22) that involves mobile payment services provider Ondot Systems and Citi Ventures.

Mobile Payments 69

Mobile Payments Consumer Online and Mobile Banking Payment APIs and Integration 69

PYMNTS

JANUARY 13, 2017

12) the national launch of a mobile payments bank, which, according to a report , is India’s first one. According to the report, Airtel is taking advantage of a big push by the Indian government to accelerate financial inclusion and bring more competition to the market by issuing payment bank licenses.

Mobile Payments 40

Mobile Payments Online and Mobile Banking Push-to-Card Financial Inclusion 40

PYMNTS

NOVEMBER 12, 2020

PYMNTS’ November 2020 Disbursements Tracker® , done in collaboration with Ingo Money , states that “FIs that support digital and mobile payment tools could help these consumers access financial solutions without using traditional accounts, but many FIs must address age-old challenges before they can roll out such tools.”

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. At the same time that fingerprint payments are expected to rise, so are payments via selfies.

Mobile Payments 55

Mobile Payments Online and Mobile Banking Authentication Payments 55

PYMNTS

DECEMBER 7, 2018

Google Pay, a digital wallet and payment platform, has added about 30 new U.S. credit unions and banking institutions to its platform this month, according to a report. The list of banks added to the list has been growing recently, including international ones as well. 6, Google announced that Danske Bank would support the app.

Credit Union 52

Credit Union Mobile Payments Online and Mobile Banking Community Banks 52

FICO

AUGUST 24, 2020

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile deposits are so easy!”.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Fraud Detection 52

PYMNTS

MAY 3, 2016

Infosys Finacle, part of EdgeVerve Systems, and Samsung SDS, a subsidiary of Samsung Electronics, announced a new partnership aimed at providing consumers with a frictionless mobile banking/payment solution. Customers are becoming far more accustomed to accessing and spending their money via mobile.

Mobile Payments 40

Mobile Payments Payment Solutions Online and Mobile Banking User Authentication 40

The Fintech Times

JULY 24, 2024

Concerns about the prospects of a completely cashless society have been compounded in recent months, following a number of high-profile payment systems outages. The number of cash payments rose during 2022 for the first time in a decade but has now fallen back to roughly where it was in 2021. Is mobile banking set to dominate?

Online and Mobile Banking 59

Online and Mobile Banking Contactless Payments Debit Card Payments 59

PYMNTS

JUNE 1, 2016

Small and medium-size enterprises are on their way to adopting some of the newest technology to help run their business, and that includes embracing solutions to enhance their payments and banking capabilities. The latest PYMNTS.com SMB Technology Adoption Index shows how SMEs are progressing along this line.

Online and Mobile Banking 41

Online and Mobile Banking Wire Transfer Small Business Mobile Banking 41

The Fintech Times

NOVEMBER 14, 2024

Furthermore, none have excelled when it comes to mobile and internet adoption and accessibility. Other goals of the Strategy included developing e-government services and platforms and promoting economic growth via digital transformation of the fintech and banking sectors. In October 2024, O!

FinTech 72

FinTech Online and Mobile Banking Financial Inclusion Central Bank 72

The Fintech Times

MARCH 13, 2024

In Mexico , there is a growing preference for mobile and online banking driven by increasingly digital lifestyles. Despite a substantial unbanked population , 94 per cent of Mexican consumers utilise mobile banking apps or online banking services. But we cannot do this alone.

Digital Payments 64

Digital Payments Online and Mobile Banking Push-to-Card Payments 64

PYMNTS

AUGUST 6, 2020

The pilot will be introduced in the Seattle, Washington area, the company said, and will let customers use their mobile phones to pay in a seamless manner. Kroger Senior Director of Payments Kathy Hanna said the innovation is intended to improve the customer experience.

Online and Mobile Banking 87

Online and Mobile Banking Chip Cards Contactless Payments CHIPS 87

PYMNTS

OCTOBER 1, 2020

The plastic card, by necessity, is giving way to digital cards, and mobile apps are bringing card-not-present transactions, increasingly, to mobile devices. She noted that mobile app use is up double-digit percentages as of April, when the pandemic shifted so much of everyday life online.

Online and Mobile Banking 106

Online and Mobile Banking Disputes On-Demand Issuers 106

PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The Hong Kong Monetary Authority (HKMA) approved Ant Bank’s application for a virtual banking license. It was one of eight such recipients, the report stated.

Online and Mobile Banking 108

Online and Mobile Banking eWallet Authorization Returns 108

Segpay

JUNE 25, 2024

Pay by Bank transactions – also known as Bank Transfers, A2A, or Direct Bank Payments – are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through Open Banking.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

JUNE 3, 2020

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. Online account openings have increased 14.5 Confronting Digital Banking Reality.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Volume Mobile Banking 52

PYMNTS

APRIL 23, 2019

Last week, wireless carrier T-Mobile announced it would throw its hat into the mobile banking arena with the national rollout of T-Mobile MONEY. The mobile app offers low or no-fee checking-like services, out-of-network ATM usage fees and the ability to earn 4 percent APY on balances of up to $3,000. In fact, 72.4

Consumer 58

Consumer Online and Mobile Banking Non-Bank Venmo 58

PYMNTS

APRIL 16, 2019

A press release Monday (April 15) said Standard Chartered is expanding its payments collection tool Straight2Bank Pay, as well as its corporate mobile banking app, to businesses in China, Hong Kong, India, Malaysia, Singapore and Vietnam. The app will first be available for download in Singapore, with additional markets ahead.

Online and Mobile Banking 61

Online and Mobile Banking Accounts Mobile Banking Mobile Payments 61

PYMNTS

JULY 1, 2020

Despite the surge in mobile payments and online banking , no one is predicting the disappearance of traditional banks and their brick-and-mortar branches. . A PYMNTS survey of 3,000 U.S. Another 48 percent said they would be “somewhat” likely to open accounts with these companies. .

Online and Mobile Banking 73

Online and Mobile Banking Debit Card ATM Accounts 73

The Paypers

APRIL 1, 2016

(The Paypers) Hellenic Bank Association (HBA), the representative body of the majority of Greek and foreign credit institutions operating in Greece, and MyBank , an e-authorisation solution that enables customers to pay for their online purchases via their regular online or mobile banking environment, have announced that four local banks will implement (..)

Online and Mobile Banking 34

Online and Mobile Banking Mobile Payments Transactions Mobile Banking 34

PYMNTS

APRIL 23, 2020

The rise of FinTech, the increasing globalization of finance — and even ravages of the coronavirus, which is making us all bank and transact across phones — all have pointed to one simple, urgent question: Just what is a bank, anyway? In a recent PYMNTS study , What is a Bank: What U.S. As many as 36.8

Online and Mobile Banking 100

Online and Mobile Banking Checks Debit Card FinTech 100

Payments Source

AUGUST 15, 2017

The real lag behind fintech started when banks rested on those online and mobile banking laurels and allowed other players in the mobile space to bypass them in working toward mobile point of sale payment services, writes Jack Jania, senior vice president of strategic payment alliances at Gemalto.

Online and Mobile Banking 61

Online and Mobile Banking FinTech Innovation Mobile Banking 61

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Payment APIs and Integration 99

Payment APIs and Integration Online and Mobile Banking Credit Union Community Banks 99

PYMNTS

SEPTEMBER 4, 2019

In eCommerce and mobile banking, friction is a four-letter word, an interruption and annoyance — even a speed bump — on the path to transactions and getting things done. They want to protect some of their most valuable assets, such as their money and the payment credentials they use when accessing that money.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Mobile Banking Breach 44

PYMNTS

NOVEMBER 28, 2016

For years, financial institutions have relied heavily on face-to-face interactions at the bank branch in order to determine the financial needs of their customers. But today, banks are struggling to make these complex decisions because, in many branches, customers are nowhere in sight. How can banks truly do more?

Online and Mobile Banking 72

Online and Mobile Banking Mobile Payments Checks Consumer 72

PYMNTS

SEPTEMBER 21, 2020

Women, refugees, the poor and the young had historically had low inclusion in Jordan’s banking system because there’s no good onboarding process for them – but mobile-phone penetration runs deep across Jordanian society, even among critically underbanked segments. Building Better Payments And Banking Services .

Online and Mobile Banking 102

Online and Mobile Banking Financial Inclusion Interoperability Participant 102

Clearly Payments

APRIL 9, 2024

This includes digital platforms, software, and applications that offer financial services such as mobile banking, peer-to-peer (P2P) payments , online lending, and investment management. Key features of the fintech experience include mobile-first interfaces, 24/7 accessibility, and tech-driven personalized services.

Finance 84

Finance FinTech Online and Mobile Banking Payment APIs and Integration 84

PYMNTS

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. 16), signaling the latest burst of growth for that payment method. million payments worth $20.8 In all, Bank of America now has 38 million active digital banking users, along with 28.7

Zelle 46

Zelle Online and Mobile Banking P2P Debit Card 46

PYMNTS

JUNE 30, 2016

And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Here’s what you may have missed this month from some of the top mobile pay players. And it’s got one major goal with this mobile payments play: loyalty.

Online and Mobile Banking 41

Online and Mobile Banking Mobile Payments PayPal Visa 41

The Fintech Times

MAY 26, 2024

Central bank digital currencies (CBDCs), digital money regulated by a country’s central bank, are currently being tested across the world. Yet many central banks have already actioned plans to introduce them. If we cast our minds back to when bank cards were first introduced, we witnessed similar hesitation then too.

CBDC 98

CBDC Central Bank Stablecoins Privacy 98