PYMNTS

APRIL 20, 2017

Can push payments make the push into full acceptance by consumers and corporates? In envisioning just what the concept of “push” payments means, Edwards said one need only think about how pull payments work. If there is an exchange of an item or a return, the data flow is simply reversed, and money goes back onto that card.

Push-to-Card 42

Push-to-Card Ubiquitous Checks Payments 42

PYMNTS

OCTOBER 21, 2016

Ingo Money exists to make digital push payments just as ubiquitous and a whole lot less friction-filled for consumers and businesses. But as of today, with the announcement of the expansion of their partnership with Visa and the roll-out of Ingo Instant Payments, the scope of their push payments remit has expanded.

Push-to-Card 79

Push-to-Card Debit Card Instant Payments Payments 79

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). It flew in on Dec. Here’s where the canary flew in.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

FEBRUARY 1, 2021

It has clarified the banking processes, but RTP is hardly ubiquitous within Italy, much less across the Eurozone. Another few dozen banks will be joining the instant payments scheme this year, said Camporeale, which pushes percentage of accounts that could use instant payments to 90 percent by the end of 2021.

Real Time Payments 100

Real Time Payments Instant Payments Online and Mobile Banking Push-to-Card 100

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Real time is getting ever closer to prime time.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

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 21, 2020

Microbusinesses have to pay bills, and they want to set up card acceptance programs and mobile and digital-wallet platforms for payments. They can issue cards tied to local merchants, [and] connect some rewards to loyalty toward the local market.”. Microbusinesses are the strength of the U.S. Making Microbusinesses Work Better.

Credit Union 83

Credit Union Economy Small Business Push-to-Card 83

PYMNTS

FEBRUARY 18, 2020

Visa, Accor Team To Push Loyalty Past Points To Preference. Card-based rewards points are so ubiquitous these days, consumers are becoming increasingly immune to their charms. Card-based rewards points are so ubiquitous these days, consumers are becoming increasingly immune to their charms.

Push-to-Card 52

Push-to-Card Ubiquitous Payments Product 52

PYMNTS

SEPTEMBER 22, 2020

In the absence of corporate travel and entertainment, as the road warriors stay (and work) at home, it may make sense that commercial card use would see a pause in the B2B space. But we’ve focused on finding new areas of spend for buyers to utilize their cards,” Leavitt noted. “But But in an interview with Karen Webster, Dean M.

B2B 53

B2B Commercial Card Push-to-Card Payments 53

PYMNTS

FEBRUARY 28, 2020

These digital pushes are far from ubiquitous, however, with many banks unwilling to make the massive financial investment involved in acquiring these new technologies. Those that are willing to pull the trigger are reaping the benefits, however, with studies finding an effectiveness increase of up to 70 percent.

Online and Mobile Banking 63

Online and Mobile Banking Push-to-Card Mobile Banking ATM 63

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

FEBRUARY 14, 2017

Enter the mobile payments push, where buying is a 24/7/365 proposition. Yet, we cling to credit cards and cash even as technology increasingly makes it easier to pay with virtual means. The payments landscape is changing to the point where scale need not be the determining factor of success.

Ubiquitous 43

Ubiquitous Push-to-Card Payments Credit Cards 43

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

OCTOBER 20, 2017

In a long-running series, Ingo Money CEO Drew Edwards has delved with PYMNTS’ Karen Webster into the lures and values of push payments, where money is moved directly onto users’ cards and accounts, on demand. Push payments to cards was highly rated given even the newness of the method. What will it take to save the trees?

Direct Deposit 43

Direct Deposit Push-to-Card Payments Checks 43

PYMNTS

MAY 11, 2018

Apple and Goldman Sachs Group are in the midst of bringing a joint Apple Pay-designated credit card to market. Could that warm feeling could come courtesy of the new plastic card? Plastic cards are ubiquitous and the default payment method at checkout. percent at launch, to 2.6 percent in March 2015, to 3.0

Credit Cards 50

Credit Cards Push-to-Card Ubiquitous Product 50

The Fintech Times

MARCH 26, 2024

They are rolling out contactless cards and enhancing terminal infrastructure across key Latin American markets. As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services.

Innovation 57

Innovation Alternative Payment Methods Payments SWIFT 57

PYMNTS

JANUARY 18, 2021

People were not really pushing for contactless payments, but when the pandemic hit, people became much more aware of the risk. QR codes were instrumental in ensuring seamless contactless transactions, with customers scanning them and completing transactions with their stored payment cards, Apple Pay or Google Pay.

Contactless Payments 83

Contactless Payments Security Point-of-Sale (POS) Payments 83

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 15, 2019

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” 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

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

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

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. One of the biggest opportunities is in fleet payments, where cash and checks remain prevalent (particularly in the U.S.),

Payments 59

Payments Push-to-Card Mobile Payments eWallet 59

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. From making restaurant reservations to ordering meals, a growing share of U.S. In the U.S.,

Real Time Payments 50

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

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

AUGUST 3, 2016

Ninety percent of the $10 trillion “push” payments market opportunity is concentrated in a variety of disbursements made between businesses and consumers that today rely on cash, checks and ACH to move money between those parties. including payments to non-Visa branded debit cards as well. Cecelia Frew, SVP of Visa Direct U.S.

P2P 50

P2P Debit Card ACH Ubiquitous 50

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

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

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. The Future of Voice Authentication.

Debit Card 58

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

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?

Verification 63

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

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

MARCH 14, 2019

The release of a new Google app development tool is among the latest steps to try to bring more mobile accessibility to people with disabilities — a push that’s been going on in the background of digital retail and associated areas almost since the beginning. So what does that actually mean in plain English? ADA Compliance.

Push-to-Card 64

Push-to-Card Ubiquitous Laws Economy 64

PYMNTS

DECEMBER 27, 2019

Really making instant payment ubiquitous, Edwards said, isn’t about flipping a single set of rails on, offering it up as an option and calling it a day. The word is out about instant payments — a fact made largely indisputable by the numbers. The numbers go beyond awareness.

Instant Payments 52

Instant Payments Payments Push-to-Card Payer 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

NOVEMBER 12, 2020

In a world where physical commerce went on hold eight months ago — and where there are still scores of known unknowns about what comes next — the brands that survive are the ones ready to pivot along with the environment. “I I think there are a lot of things that 2020 taught us for sure,” Kress said. “We

PayPal 73

PayPal Economy BNPL Consumer 73

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

AUGUST 6, 2019

Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. financial system and the U.S. Brainard asked.

FedNow 85

FedNow Fed Federal Reserve Instant Payments 85

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