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NBK Unveils Payment Verification Service on Its Mobile Banking App

Fintech Finance

In keeping with its constant dedication to providing cutting-edge services to its customers, National Bank of Kuwait (NBK) announced introducing a new service that allows customers to confirm payment transactions online through the NBK Mobile Banking App, making itself as the first provider of this service in Kuwait.

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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

From shifts in unauthorised card fraud to the evolving nature of authorised push payment scams, there’s a lot to unpack—and a lot at stake. This has led to a noticeable uptick in card-related fraud, especially in remote purchases, where criminals use stolen card details for online transactions. What’s next?

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How e-Wallets in APAC Are Leading the Cashless Charge

Fintech News

While online payments have taken off, many consumers still favour credit cards or cash for offline purchases. While online payments have taken off, many consumers still favour credit cards or cash for offline purchases. Digital wallets are especially popular for online shopping, paying bills, and mobile transactions.

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Wallet wars: How digital payments are reshaping finance

The Payments Association

As digital wallets reshape finance and big tech challenges traditional banks, who will control the future of money? The partnership signals a potential shift in power, where platforms like X aim to rival traditional banks in how money moves and who controls financial access. Digital wallets are on an unstoppable trajectory.

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myTU Introduces Google Pay for Secure Contactless Payments

Fintech Finance

myTU , a fully automated, AI-native, and cloud-first digital bank, announced today the launch of Google Pay for its customers. This new feature enables both individuals and businesses to add their debit cards to Google Wallet, making payments more convenient and secure.

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What is ACH Credit and ACH Debit and How Do They Work?

Stax

Understanding ACH credit payments means understanding the way in which different types of ACH payments are processed in the US banking system. ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. The receiving bank then credits the money to the account of the receiving customer.

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Preparing Merchants For The Coming Mobile Wallet Boost

PYMNTS

As PYMNTS found in a recent consumer study, 40 percent of individuals are doing more of their daily retail and transactions online, partly because, well, there’s no other way to do it. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”. As Good noted, four in 10 U.S.