PYMNTS

JUNE 20, 2017

As the popularity of online shopping continues to rise, it comes as no surprise that there has also been an uptick in card-not-present purchases. Worldwide, eCommerce card payments generated $2.7 trillion in 2015, representing a 26 percent growth rate that year. billion purchases were made by credit and debit cards.

Rules 52

Rules Online and Mobile Banking Card Association Contactless Payments 52

PYMNTS

OCTOBER 19, 2017

Seed , which launched in 2015 to disrupt small business (SMB) banking, is emphasizing its focus on mobile-first solutions in the wake of revelations of its recent survey. 18), Seed revealed news that it is rolling out small business banking solutions and released the results of a survey of 423 small businesses in the U.S.

Small Business 46

Small Business Cash Management Online and Mobile Banking Mobile Deposit 46

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

Clearly Payments

MARCH 18, 2024

They’re also big fans of mobile wallets. billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. When it comes to credit cards, they’re using them smartly. They still use credit cards too, for about 26% of their transactions. Cash usage dips to around 13%.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

Consumer 46

Consumer Online and Mobile Banking Debit Card P2P 46

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. Founded in 2015, Investree is a Jakarta-based alternative finance player.

FinTech 125

FinTech Online and Mobile Banking Payment APIs and Integration Security 125

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

DECEMBER 9, 2019

Cards over cash – specifically, debit cards over cash. Federal Reserve Banks, electronic payments are on the rise. And debit card transactions, the report notes, have become the most widely used payment method , ahead of cash, at least as measured by value. Credit held sway over debit, at 27.5

Fed 56

Fed Debit Card Consumer Federal Reserve 56

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. Financial inclusion is on the rise, as evidenced by these banking statistics.

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

PYMNTS

OCTOBER 7, 2016

billion online during the run-up to Diwali, according to RedSeer Consulting. The merchant Zebpay is enabling some of its users to buy discount gift cards of popular U.S. The online marketplace that allows bitcoin use, Purse, offers Amazon discounts and has a larger inventory and cheaper prices than Amazon, eBay and Google Shopping.

Bitcoin 99

Bitcoin Online and Mobile Banking Blockchain Payment APIs and Integration 99

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

OCTOBER 13, 2016

While making a purchase online may feel like a granted convenience to most modern-day consumers, finding the right method of payment isn’t always as simple as it may seem, especially outside of the U.S. In fact, in certain parts of the world, the online ordering process isn’t always quite so predictable or smooth.

Online and Mobile Banking 53

Online and Mobile Banking Debit Card Credit Cards Visa 53

PYMNTS

NOVEMBER 7, 2016

In Poland, it’s fair to say that cash is still king,” stated Joanna Erdman, director of core service and non-banking products at mBank, one of the largest banks in Poland. billion in cash in 2015, while spending just €45.53 billion with debit or credit cards. Cash’s reign, however, could be coming to an end.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card ATM Research 60

PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Banking customers are affected by attacks ranging from phishing schemes to identity scams, and it is still up to FIs to provide accurate and real-time protection regardless of where their customers are located. It is growing its U.S.

Online and Mobile Banking 65

Online and Mobile Banking Data Breach Breach Phishing 65

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Here’s a wakeup call of sorts: Volmar noted that in recent months, the U.K. It’s unlivable. percent of fraud?”.

Security 40

Security Online and Mobile Banking Blockchain Credit Cards 40

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. From big banks to big tech.

Finance 77

Finance Online and Mobile Banking Micro-Entry Advisors 77

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. For online shoppers in Germany, payment by invoice remains the most popular choice.

Online and Mobile Banking 75

Online and Mobile Banking Payments Cross-Border Alternative Payment Methods 75

PYMNTS

JANUARY 9, 2018

The same day Google announced it would be collapsing Android Pay and Google Wallet into a single service dubbed Google Pay, reports surfaced that PayPal’s business debit card product is now working with Android Pay before the merger occurs. in 2016, though first only to work with consumer card products. Last March, U.S.

PayPal 44

PayPal Visa Commercial Card Online and Mobile Banking 44

The Fintech Times

MARCH 20, 2024

Not only were in-store payments affected, but the “vast majority” of online grocery orders were also unable to be delivered. According to research from UK Finance , half of all payments (50 per cent) in the UK were made using debit cards in 2022. Action is urgently needed to solve the UK’s banking deserts.

Contactless Payments 115

Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

PYMNTS

APRIL 11, 2017

In the developed world, particularly in the United States, mobile payments have entered the scene with a lot of fanfare and great expectations — but haven’t delivered all that much in the way of impressive results. and Western Europe still kind of like their cards. And Kenya is where M-Pesa’s effects are most strongly seen.

Online and Mobile Banking 47

Online and Mobile Banking Ubiquitous Debit Card Mobile Payments 47

PYMNTS

JULY 13, 2016

Is it possible that a bank may someday be referred to as “beloved?” ” Mobile apps like Uber and Airbnb have changed the way mobile-centric users do practically everything, from getting a ride to finding a place to stay on vacation. Around the Digital Banking world. Then he took it slightly further. “I

Online and Mobile Banking 42

Online and Mobile Banking Credit Union Debit Card Contactless Payments 42

PYMNTS

MARCH 24, 2016

The world of mobile payments news this week started out in the one region of the world that doesn’t often make much news when it comes to what U.S. companies are doing in mobile commerce: Cuba. Which brought about news from some of the biggest players in mobile payments, like Xoom, PayPal and Western Union.

Online and Mobile Banking 44

Online and Mobile Banking PayPal Mobile Payments Push-to-Card 44

Stax

NOVEMBER 13, 2023

Google was the first, in 2011, to enable contactless payments via their mobile app. Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential. In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

CB Insights

NOVEMBER 21, 2019

The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Digital banking and financial infrastructure. APIs) directly to end-users. Personal finance. Regulatory tech.

FinTech 93

FinTech End User Online and Mobile Banking Payment APIs and Integration 93

PYMNTS

SEPTEMBER 7, 2016

Wearables are becoming the must-have of mobile devices. Sales of smartwatches grew by 89 percent in the first six months of 2016 compared to the same period in 2015, which is a marked improvement after a slow initial sales period. The gloves are off in the fight for Europe’s mobile payments market.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments P2P Credit Cards 40

PYMNTS

JUNE 16, 2016

The second full week of June brought a flurry of news from many of the “majors” in the mobile payments ecosystem. Singapore is on just about everyone’s hit list given its attractive population and environment for mobile payments. It’s been a busy week for Samsung’s mobile team. Samsung Pay Now In Singapore.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments Visa Contactless Payments 40

Clearly Payments

AUGUST 1, 2024

Interchange rates, also known as interchange fees , are the charges paid between banks for the acceptance of card-based transactions. Conversely, these fees also support the infrastructure and services provided by issuing banks, including fraud protection and customer rewards programs. for credit cards. for credit cards.

Process 52

Process Online and Mobile Banking Fraud Prevention Payments 52

Fintech Labs Insights

SEPTEMBER 15, 2014

The 48 hours after Tim Cook revealed Apple''s long-rumored foray into payments were some of the most exciting times in fintech since the 1995 to 1997 period when most of the online "firsts" happened ( see note 1 ). Clearly, it marks a turning point for mobile payments and improved U.S. security, and the play-out will be fun to watch.

Debit Card 32

Debit Card Online and Mobile Banking Mobile Payments Issuers 32

PYMNTS

FEBRUARY 24, 2016

Now, however, new details have surfaced as to why China’s banks were finally ready to jump on the Apple Pay bandwagon. According to a report in the Chinese news site Caixin , Apple cut a deal with Chinese banks to charge them less fees than what it charges banks in the U.S. banks fork over to Apple per transaction.

Online and Mobile Banking 40

Online and Mobile Banking Push-to-Card Mobile Payments Card Issuer 40

PYMNTS

JANUARY 25, 2019

Here’s another headache for Apple , which is already dealing with weakening iPhone sales : Its hold on Chinese mobile consumers looks set to weaken, at least over the long term, thanks to an app update designed to make the WeChat app even stickier than it already is. Chinese Mobile Ecosystems. Then the transaction is completed.”.

Online and Mobile Banking 57

Online and Mobile Banking Debit Card Consumer Assessments 57

PYMNTS

JULY 5, 2017

multinational banking and financial services holding company JPMorgan Chase has reportedly made an early-stage bid for the acquisition of U.K. The report noted that Worldpay processes millions of in-store, online and mobile phone payments in the U.K. payment company Worldpay Group.

Online and Mobile Banking 46

Online and Mobile Banking Caps Cross-Border PayPal 46

Fintech Labs Insights

JUNE 22, 2015

online banking are rarer than the (not-so) mythical fintech unicorn. And mobile banking fees are pretty much non-existent outside a few remote deposit fees (see previous post). The service is mobile only, and the company currently has no plans to add it to the desktop version. Fees in U.S. 24/7 call center support.

Identity Theft 26

Identity Theft Online and Mobile Banking Non-Bank Debit Card 26

PYMNTS

SEPTEMBER 5, 2018

Online payment is a must.” According to POM, citing data from the European Payment Report 2015 , one-third of businesses would be able to boost hiring activity if their invoices were paid on time. ” Companies must be able to embrace customers’ payment preferences, whether that be via debit card or mobile wallet.

Payments 40

Payments Debit Card Online and Mobile Banking Credit Cards 40

PYMNTS

AUGUST 9, 2017

Excluding UniRush, organic revenues were up 12 percent year over year — the first time that metric had been up double digits since the second quarter of 2015. Cash is to be kept in a Green Dot bank-issued Apple Pay cash account. Management noted that MoneyPak is also seeing growth in its mobile and online offerings. .

Direct Deposit 40

Direct Deposit Online and Mobile Banking Credit Cards Debit Card 40

Fintech Labs Insights

APRIL 30, 2015

Digital banking platform for financial institutions. Online auto insurance comparison site. Online & mobile payment solutions in Southeast Asia. Online real estate investment platform. Prepaid mobile wallet for fundraising. Source: Crunchbase. MX (formerly MoneyDesktop). HQ: Provo, Utah. Loop Commerce.

Online and Mobile Banking 30

Online and Mobile Banking FinTech P2P Payroll 30

FICO

FEBRUARY 10, 2017

For all the differences between traditional banks and new online lenders, there is one business challenge that unites both groups: acquiring new customers. While online lenders experiment with offline marketing tactics, banks are aggressively ramping up their online marketing efforts, with total digital ad spend by U.S.

Online and Mobile Banking 45

Online and Mobile Banking Non-Bank Card Issuer Identity Theft 45

PYMNTS

JUNE 28, 2017

The space changed when Barclays Bank announced the launch of the world’s first ATM machine which could dispense up to ten £1 pound notes in exchange for a bank-issued voucher. reportedly used 176 million debit cards to withdraw a whopping £180 billion in cash. That was 50 years ago. ” And rightfully so. .

ATM 40

ATM Online and Mobile Banking Alternative Payment Methods Federal Reserve 40