Tearsheet

MARCH 21, 2024

As Gen Z, influenced by their digital upbringing, pushes for modernization at large, financial firms are faced with the challenge of creating and upgrading products that engage and retain this group’s interest, all while effectively addressing their concerns. Shout out to our sponsor This article is brought to you by StrawberryFrog.

Financial Literacy 59

Financial Literacy Debit Card Credit Cards Push-to-Card 59

PYMNTS

JULY 1, 2019

The introduction of mobile payments and commercial card technology in the fleet sector has helped the industry progress toward automation and digitization, but cards are not without their challenges. Drivers must be authorized to spend company money, and fleet managers need visibility into those transactions.

Payments 59

Payments Push-to-Card Mobile Payments eWallet 59

FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. Home Blog FICO APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

Scams 52

Scams Push-to-Card Romance Scams Regulations 52

PYMNTS

SEPTEMBER 26, 2016

Same Day ACH is now a reality and, with much fanfare, represents the first ubiquitous faster payments initiative in the United States without an attendant regulatory mandate. Saks likened the “early days” of faster payments as one analogous to the advent of credit cards, which eventually shaped the way eCommerce is conducted.

Same Day ACH 71

Same Day ACH Faster Payments Ubiquitous ACH 71

PYMNTS

JULY 4, 2019

California-based startup Kickfin alerts servers when they receive money with text or email notifications, and wages are instantly pushed to whatever account a server chooses, including debit, credit or prepaid cards, as well as online wallets. percent fixed rate for every transaction. Instant Tipping in Restaurants and Beyond.

Real Time Payments 50

Real Time Payments Push-to-Card Payments Instant Payments 50

PYMNTS

MARCH 14, 2017

PYMNTS: How do push payments differ from faster payments? PYMNTS: Why are instant push payments a better solution to meeting the need for faster payments? DE: Payment card networks already have the rails in place to offer instant payments. PYMTS: Can you describe the market opportunity for push payments?

Consumer 40

Consumer Push-to-Card Gateways P2P 40

PYMNTS

MAY 11, 2018

Apple and Goldman Sachs Group are in the midst of bringing a joint Apple Pay-designated credit card to market. The percentage of smartphone users who used Apple Pay for their last transaction, at a place where they could have, has changed. Could that warm feeling could come courtesy of the new plastic card?

Credit Cards 50

Credit Cards Push-to-Card Ubiquitous Product 50

PYMNTS

JANUARY 3, 2020

Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. And as promising as things are in the early stages, there’s work to be done before instant becomes ubiquitous. Making Money Fast.

Instant Payments 60

Instant Payments Payments Push-to-Card Ubiquitous 60

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 11, 2017

trillion market as measured by transactions seen in the latest fiscal year, which ended in September, and is marked by a shift by consumers using their phones to make mobile payments ubiquitous. UnionPay, which has a tight hold on credit card payments, has only 1 percent of the market (and it is owned by the state).

Ubiquitous 40

Ubiquitous Push-to-Card Mobile Payments Credit Cards 40

PYMNTS

SEPTEMBER 18, 2019

As Ufford told Webster, past may be prologue, and the future journey toward proving identities may take a hint from the card networks. “ The card networks have essentially given us the roadmap on how to solve identity when they solved card payments.”. What does it take to build a global identity network? The networks?

Verification 63

Verification Cross-Border Push-to-Card Online and Mobile Banking 63

PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. In other countries, however, real-time payments have traditionally only supported credit or what are sometimes referred to as “push payments.”. What’s Under The Faster Payments Umbrella?

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

FEBRUARY 24, 2016

The push toward authentication standards has garnered the support of some heavyweights in the payments industry, among them Google, Microsoft and Apple, which have collectively made room for FIDO based solutions to be used across those companies’ platforms. That is of course specific (via fingerprint or, say iris scans) to users.

Authentication 40

Authentication Security Online and Mobile Banking Credential 40

PYMNTS

FEBRUARY 24, 2017

From there, the purchase is completed either via eCommerce or by going to the store and doing a card-present transaction. From there, the purchase is completed either via eCommerce or by going to the store and doing a card-present transaction. When they came down in price, they became ubiquitous,” he explained.

Online and Mobile Banking 68

Online and Mobile Banking Push-to-Card Use Case Transactions 68

PYMNTS

FEBRUARY 27, 2020

I think we’ve been on the leading edge of getting away from the traditional branch-and-teller model and going more to an automated service model for our membership so that we can get away from the transactional-based stuff,” said Steve O’Donnell, executive vice president and chief financial officer at One Nevada.

Credit Union 52

Credit Union Innovation Online and Mobile Banking Security 52

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. turning Digital p2p payments into debit cards.

Debit Card 71

Debit Card Checks Accounts FinTech 71

PYMNTS

JUNE 29, 2018

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. ” Remittance data, linked to payments between providers and insurance players, is critical on both ends of the transaction. .”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

JULY 24, 2017

Innovative ideas are inspired by smart people who see problems and have the conviction, capital and courage to come up with new ways to solve for them. Take faster payments. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

DECEMBER 16, 2019

In many ways, however, the decade of the 2010s was the warmup act for the transformation yet to come – the transition from an app economy to one in which connected ecosystems aggregate commerce experiences and enable transactions across channels, devices and environments. Payments will power that shift. Today, there are 7.3

Online and Mobile Banking 72

Online and Mobile Banking Credential Payments Economy 72

PYMNTS

JANUARY 1, 2020

In many ways, however, the decade of the 2010s was the warmup act for the transformation yet to come – the transition from an app economy to one in which connected ecosystems aggregate commerce experiences and enable transactions across channels, devices and environments. Payments will power that shift. Today, there are 7.3

Economy 69

Economy Online and Mobile Banking Credential Push-to-Card 69

PYMNTS

DECEMBER 21, 2020

You can see it in the quarterly earnings reports this year of just about every publicly traded company and among the list of companies that have either gone public one way or the other or have filed S-1s because they plan to do so soon. Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov.

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

PYMNTS

MAY 24, 2018

In 10 years,” predicts Aberman, “your ability to transact using your payment credentials will be universal across all the platforms you use to engage in commerce. It’ll be commerce in context of where you spend your time, whether physically or online.”. That makes it really hard to measure the success of any given ad campaign.

Credential 47

Credential Use Case Push-to-Card Ubiquitous 47

PYMNTS

DECEMBER 1, 2016

According to a LinkedIn study , more than a third of millennials are already envisioning a cashless society, which includes no physical currency used in any transactions. But on the consumer level, between millennials and baby boomers, there’s the question of who is pushing more to get society to go cashless.

Privacy 48

Privacy Online and Mobile Banking Non-Bank Checks 48

PYMNTS

AUGUST 5, 2016

Sending money between people, and from businesses and governments to people, got a whole lot more exciting this week – as in real time and ubiquitous. Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. Disbursements.

Bitcoin 43

Bitcoin Multi-Currency Push-to-Card Chip Cards 43

PYMNTS

MAY 3, 2016

“Too many people start to have an imagination about ‘nirvana’ or the ‘perfect transaction’ – but that’s a science experiment.” ” It’s true, the idea of perfection in payments may be a bit far-fetched, but if there’s no actual “nirvana” then what is everyone striving for? he explained.

Payments 45

Payments Innovation Push-to-Card Ubiquitous 45

PYMNTS

APRIL 2, 2019

Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments.

Debit Card 83

Debit Card Contactless Payments EMV ATM 83

FICO

APRIL 6, 2020

In countries such as the UK, real-time payment schemes have been ubiquitous for many years. For over 25 years, credit and debit card transactions have been assessed for fraud risk using AI and machine learning. Authorized push payment fraud relies on customers making a payment without stopping to think. What Banks Can Do.

Real Time Payments 52

Real Time Payments Money Laundering Payee Payments 52

PYMNTS

MARCH 28, 2016

The path to faster payments in the U.S. doesn’t have to be paved with a 500+ person task force analyzing what the world would look like if we were starting from a clean sheet of paper, competing propositions for who’s going to build and operate a new set of rails, or even what sort of spiffy software can make existing rails faster. Yeah, right.

Faster Payments 48

Faster Payments Checks Payments Fed 48

PYMNTS

APRIL 27, 2020

But it will take weeks for all monies to get to everyone, a timeframe that will likely be pushed as paper checks get sent through the mail to the millions of recipients who don’t have direct deposit set up with the IRS. Very slowly. The check, then, is in the proverbial mail, less than optimally, for people who need access to funds right now.

Blockchain 108

Blockchain Tax Refunds IRS Fed 108

PYMNTS

JUNE 27, 2019

The goal is to create a consistent and ubiquitous user experience across the channels they shop by leveraging the credit and debit relationships already in place with their banks. trillion market in 2017 growing at twice the rate of credit cards. Globally, installments are a popular credit option, and for good reason — with a $1.2

Issuers 75

Issuers API Credential Ubiquitous 75

PYMNTS

MAY 29, 2020

Beyond reopenings alone, what happened in the news this week to push the market more solidly onto the road with recovery? . Most every state in the U.S. this week is starting to walk the road to recovery. As Deluxe CEO and President Barry C. Finding the Opportunity In Fixing Net Terms Payments.

Debit Card 58

Debit Card Payments Push-to-Card On-Demand 58

PYMNTS

APRIL 8, 2019

Gig workers, for example, will likely soon see an upgrade to their payments speed, thanks to a bit of help from their card network friends. Card Payouts is a card-based, front end user experience that integrates with treasury banks’ existing infrastructure. Visa Ups the Pace of Gig Payments. Affirm Affirmed by Investors.

Contactless Payments 40

Contactless Payments Push-to-Card Debit Card Payments 40

PYMNTS

MAY 15, 2019

The companies said in a press release last week that the deal will boost Visa Direct’s pantheon of use cases, with Visa noting that the transaction count growth over the last 12 months has been more than 100 percent. To that end, Visa has taken the “buy” path, and said last week that it gained control of Earthport , having bought the U.K.-based

Cross-Border 74

Cross-Border Cross-Border Payments Credential Wire Transfer 74

PYMNTS

MAY 29, 2018

Implemented last year, the group’s EMV QR Code Specifications are designed to address transactions where the consumer presents the code, and also where the merchant does so. First up, EMVCo, the global technical body that manages those payment specifications, just introduced what it calls a QR Payment Mark. The Future of QR Code Payments.

Financial Inclusion 48

Financial Inclusion EMV Payments Tools Online and Mobile Banking 48

PYMNTS

SEPTEMBER 17, 2018

Like many small businesses (SMBs), he doesn’t accept cards. I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. The invoice amount was less than $500.

Rules 78

Rules Zelle Payments PayPal 78

PYMNTS

JUNE 29, 2017

That is how the world first met the iPhone a little over ten years ago in January 2007, when Steve Jobs took to the stage to announce Apple’s latest and greatest innovation. The world stopped what it was doing to take a look. And then there was the Super Bowl. Americans may not at that point fully have known why, but they knew that they wanted it.

Push-to-Card 60

Push-to-Card Innovation Transactions Consumer 60

PYMNTS

JUNE 3, 2019

The low bar now for payments in a digital-driven retail world isn’t whether it enables a transaction on a website or in an app, but whether it can eliminate friction for consumers who want an efficient way to find, buy and take delivery of what they purchase. At least at first glance. Those two forces? Search and logistics.

Retail Payments 78

Retail Payments Payments PayPal Push-to-Card 78