The Payments Association

NOVEMBER 7, 2024

The payment sector is at the front of financial innovation – from Buy Now Pay Later and Apple’s Tap to Cash to digital wallets and virtual credit cards. The payment sector is at the front of financial innovation – from Buy Now Pay Later and Apple’s Tap to Cash to digital wallets and virtual credit cards.

Compliance 88

Compliance Innovation Regulations Payments 88

The Fintech Times

MARCH 20, 2024

After years of pushing to a fully digital payments landscape that will in theory see a cashless economy in the (reasonably) near future, it could all come tumbling down after a series of technical issues that has seen major retailers unable to process card or contactless payments and once again relying on notes and coins.

Contactless Payments 114

Contactless Payments Push-to-Card Payments Online and Mobile Banking 114

Fintech Finance

JUNE 18, 2024

In the age of rising costs and increasing demands on carriers and shippers to do more with less, it’s a competitive advantage to have Loop and J.P. As shippers push to reconcile invoices, capital is trapped, a dynamic mirrored by their carrier counterparts. Morgan Payments proprietary research. Together, Loop and J.P.

Audit 86

Audit Payments Treasury AI 86

Fintech Finance

APRIL 22, 2024

The research calls out initiatives, such as SWIFT GPI, Project Nexus, and ASEAN’s Regional Payment Connectivity, alongside emerging technologies, that signal a brighter future for cross-border transactions. “Our latest research, in collaboration with Nium, sheds light on this critical issue.

Cross-Border 52

Cross-Border B2B Cross-Border Payments APACS 52

Synapse Payment Systems

SEPTEMBER 27, 2022

The Clover point-of-sale system is a big step above a standard credit card terminal. It offers a modern user interface, analytical tools, and essential features for running your business. Many business owners wonder, is Clover a good POS system compared to Square, Toast, and its many other competitors? Functionality: How Does Clover Compare?

Push-to-Card 130

Push-to-Card Processors Process Card Association 130

Clearly Payments

JANUARY 25, 2024

Digital Only Banks or Neobanks The emergence of digital-only banks injects competition, propelling the use of debit cards and credit cards, impacting the overall payment processing market. Digital banks, sometimes called Neobanks, push consumers into digital banking and digital payments. GlobalData places the value at $744.8

Process 96

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 96

PYMNTS

AUGUST 20, 2020

Seventy percent of freelancers worldwide are no more than 35 years old, according to recent research. This is likely to result in high demand for receiving funds quickly and conveniently via person-to-person (P2P) payment apps. This means that gig work platforms will need to cater to the younger generations’ payout preferences.

Push-to-Card 67

Push-to-Card On-Demand Debit Card PayPal 67

PYMNTS

OCTOBER 10, 2019

Real-time payments are currently among the hottest trends and topics in the payments industry — a source of significant investment and regulatory attention, as financial institutions and other players strive to meet consumer demand for faster money movement. Fresh PYMNTS research has dug into the issue. That’s a huge benefit.”.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

The Fintech Times

SEPTEMBER 25, 2024

Despite this, the Bank of Canada revealed it is “scaling down its work on a retail CBDC”, favouring a focus on broader payments system research and policy development. Since 2020, interest in CBDC potential across the globe has skyrocketed. In May 2020, only 35 countries were exploring the idea of a CBDC at all.

CBDC 74

CBDC Digital Currency Central Bank Privacy 74

FICO

SEPTEMBER 8, 2022

In Asia, these technologies are being adopted by a rapidly growing middle class with increasing disposable income and a rising demand for financial services. One such cybercrime called Authorized Push Payment (APP) fraud , is a scam where fraudsters trick a target into sending them money. Saxon Shirley. Thu, 06/17/2021 - 06:40.

Posting 52

Posting Real Time Payments Scams Push-to-Card 52

PYMNTS

OCTOBER 8, 2018

Sixty-one percent of small businesses said they use commercial credit cards , a year-over-year decrease from 2017’s 71 percent. Half of SMBs using a business credit card borrow on those cards; one-quarter said they regularly do so. One-third of U.S. Overall hiring declined 2.45 percent for the month after a 2.29

Finance 78

Finance Credit Cards Small Business Push-to-Card 78

FICO

DECEMBER 10, 2020

These and other milestones have come to pass, pushing enterprise-scale AI solidly into the “early adoption” phase, as defined by “Chasm” author Geoffrey Moore. This theme was a central finding in “Building AI-Driven Enterprises in a Disrupted Environment,” a report based on research conducted by Corinium and sponsored by FICO.

AI 98

AI Fraud Detection Payment APIs and Integration On-Demand 98

PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example.

Contactless Payments 74

Contactless Payments Credit Union Innovation P2P 74

PYMNTS

OCTOBER 29, 2020

They face an array of options to help them with their acceleration efforts, with some choosing to start delivering payroll via push-to-card offerings or directly into workers’ digital wallets, for example. It is no secret that they are a slow way to deliver funds, however. Vendors are not the only ones feeling the pain, either.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

The Fintech Times

DECEMBER 21, 2023

Hundreds of more banks will launch faster payments capabilities, especially as merchants’ backlash against ever-increasing card fees. Here Nanu shares his thoughts with The Fintech Times on how the payments industry will evolve over the next 12 months. In a post-pandemic world, those are table stakes.

Cross-Border 63

Cross-Border Cross-Border Payments Payments Multi-Currency 63

PYMNTS

MARCH 2, 2020

The rise of the gig economy, heightened customer demands, and business globalization have all introduced new ways that businesses can use outgoing payments as a strategy for growth, profit and customer loyalty. But supplier payments are far from the only scenario in which businesses face friction when initiating a transaction.

B2C 60

B2C Payments Push-to-Card On-Demand 60

PYMNTS

NOVEMBER 18, 2020

Research shows that 90 percent of consumers think getting paid faster is better than getting paid more slowly. But the pressure is on to change that, initially created by digital-first firms that have pushed rapidly into instant disbursements because they weren’t tied to old, paper-based, batch-dependent legacy systems.

Instant Payments 87

Instant Payments Treasury Visa Payments 87

PYMNTS

NOVEMBER 4, 2020

Research confirms that QSR patrons are seeking multiple online and offline ordering methods. The following Deep Dive explores the ways in which QSR customers’ ordering and payment habits are shifting, as well as how restaurants are changing their operations to meet consumers’ new payment demands. The Evolution Of Ordering. drive-thrus.

Consumer 92

Consumer Digital Payments Payments Push-to-Card 92

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. Recent research we undertook looked at the connection between customer experience and fraud controls from a consumer perspective. When Fraud Controls Cause Irritation .

Fraud Prevention 59

Fraud Prevention Scams Online and Mobile Banking Account Takeovers 59

The Fintech Times

APRIL 3, 2024

According to recent the latest Juniper Research report , the global embedded finance market currently boasts a total transaction value of around $92billion. This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services.

Embedded Finance 126

Embedded Finance Finance Non-Bank Embedded Payments 126

PYMNTS

JANUARY 17, 2019

The evolution of payroll is all about pushing back against the notion of one-size-fits-all. Employees and a shifting talent landscape have introduced the demand for payroll flexibility. receiving paper checks and even fewer using payroll cards. ” In the U.S., ” In the U.S., ” In the U.S.,

Payroll 69

Payroll Payment APIs and Integration On-Demand Identity Theft 69

PYMNTS

DECEMBER 9, 2020

Now, we’ve moved to offerings like Visa Direct, which enables real-time push payment capabilities across account-to-account interactions — domestic and across borders — for consumers and small businesses. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis.

Use Case 134

Use Case B2B Cross-Border Payments Cross-Border 134

PYMNTS

NOVEMBER 5, 2018

What is clear, though, is that ACH is a growing part of businesses’ accounts payable (AP) and other payment operations, with industry service providers pushing corporates away from paper checks. New data has emerged about how SMBs use other payment rails , including cards and wire transfers.

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

Fintech News

JANUARY 15, 2024

In Singapore, micro and small merchants (MSMEs) are responding to the ever-increasing consumer demand for cashless options, and are swiftly embracing QR payment solutions. This initiative, underpinned by thorough research and market understanding, is set to forge a resilient and forward-looking payment infrastructure.

Interoperability 112

Interoperability Cross-Border Payments Financial Inclusion 112

PYMNTS

OCTOBER 5, 2016

Today, accounts payable firm MineralTree announced a collaboration with Visa with a goal of helping corporates pay their suppliers by virtual card. But the commercial card is hardly the most preferred method of payment for suppliers, and that fact could mean adoption challenges for MineralTree and Visa’s new tool. Buyer Control.

Accounts 73

Accounts Commercial Card Push-to-Card ACH 73

PYMNTS

SEPTEMBER 22, 2017

While debit cards have been accessible to small- and medium-sized businesses (SMBs) with business checking accounts, they’re not among the most heavily leveraged tools in the entrepreneur’s toolbox. FastAccess Funding, DeAngelo said, is as easy as providing them with a debit card number. And by faster, they mean instant. “If

Debit Card 58

Debit Card Push-to-Card Point-of-Sale (POS) Settlement 58

PYMNTS

OCTOBER 8, 2020

With its latest funding round, Instacart has doubled up its valuation from the beginning of the year — pushed by the surging demand for grocery delivery services created by the COVID-19 pandemic. According to the announcement, the feature is also available for debit, small business and prepaid card users.

Push-to-Card 82

Push-to-Card On-Demand Visa Disputes 82

PYMNTS

DECEMBER 24, 2020

PYMNTS research shows 11.5 Contactless payment methods were always in the wings for credit card companies, but the pandemic pushed them front and center. That reflects itself in preferences for contactless payment options, with 26 percent of consumers reporting a desire for merchants to accept contactless cards.

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

PYMNTS

MARCH 7, 2019

The companies said in a release today (March 7) that “the demand for instant access to earned wages has now extended to batch payroll,” and can effectively break the cycle that seems entrenched in the work world — namely, the two-week waiting period that marks the time between paychecks. have had a problem getting paid at times.

Payroll 80

Payroll Push-to-Card Debit Card Economy 80

FICO

JULY 6, 2023

From Australia to the UK to the USA, consumers and financial institutions are facing a scourge of authorized push payment (APP) and authorized user fraud. From Australia to the UK to the USA, consumers and financial institutions are facing a scourge of authorized push payment (APP) and authorized user fraud.

Demand Deposit Account (DDA) 52

Demand Deposit Account (DDA) Scams Real Time Payments AI 52

PYMNTS

JUNE 3, 2020

Some researchers estimate that Americans left close to $40 million of healthcare refunds and rebates in the form of paper checks unclaimed between 2012 and 2019, illuminating inefficiencies around healthcare’s rigid billing and payments systems. Pushing Past Paper. For many, it’s very difficult. Real-Time Payments Get Healthy.

Faster Payments 63

Faster Payments Payments Checks Push-to-Card 63

The Fintech Times

DECEMBER 9, 2023

To meet the demands and needs of customers in 2024, banks and financial services need to shift from reactive to proactive. It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead.

Consumer 110

Consumer Financial Literacy Regulations AI 110

PYMNTS

NOVEMBER 26, 2019

Over half of the 3,114 counties in the United States lost bank branches from 2012 to 2017, with rural areas feeling the brunt of the closures per Federal Reserve research. Over half of the 3,114 counties in the United States lost bank branches from 2012 to 2017, with rural areas feeling the brunt of the closures per Federal Reserve research.

Online and Mobile Banking 52

Online and Mobile Banking Federal Reserve Push-to-Card NOV 52

PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

Commercial Card 47

Commercial Card Risk Push-to-Card Reconciliation 47

PYMNTS

NOVEMBER 11, 2019

Payments is a different game than theoretical physics, but the industry has its own push for unification — in this case, a single card that serves as a one-stop shop for transactions or financial services. The latest example of this comes from Curve. Bank Opportunity.

Consumer 43

Consumer Push-to-Card PayPal Payments 43

PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive. Powering A Fast Pivot.

Online and Mobile Banking 80

Online and Mobile Banking Scams Bots Risk Management 80

PYMNTS

MAY 3, 2018

In the May edition of the Disbursements Tracker , PYMNTS highlights some of the notable disbursement developments changing the way employees get paid, such as with digital escrow tools, and how borrowers, including small- to medium-sized businesses (SMBs), can access capital through their debit cards and instant deposit services.

Debit Card 51

Debit Card Push-to-Card On-Demand Payments 51