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. Baby Boomers (born 1946-1964): They still rely on cash quite a bit, according to a study by the Federal Reserve Bank of Boston. A report by Juniper Research predicts that by 2024, there will be 4.6

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

JUNE 30, 2016

Today marks the last day of June 2016, which means we’re halfway through the year. And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Here’s what you may have missed this month from some of the top mobile pay players.

Online and Mobile Banking 41

Online and Mobile Banking Mobile Payments PayPal Visa 41

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

JANUARY 4, 2018

Another year, another chance for mobile wallet players to convince consumers to give up their plastic cards and utilize the phone as a payments form factor. The most-used mobile wallet in the U.S. The most-used mobile wallet in the U.S. Mobile adoption in the U.S. In 2016, the value of smartphone payments in China hit $5.5

Push-to-Card 43

Push-to-Card Online and Mobile Banking Mobile Payments Wire Transfer 43

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

FICO

AUGUST 26, 2021

It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). The second most popular app, Venmo, was used by 14% of consumers in 2020. “Do you Zelle?” P2P real-time transactions.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

PYMNTS

MAY 2, 2016

Venmo may have managed to get itself into some trouble with the FTC – though how much, what for exactly and how worried parent company PayPal should be worried are a bit up in the air. Also in the mix, Walmart Pay has taken yet another step away from the theoretical toward the actual and Goldman Sachs went into digital banking.

Legal 40

Legal Venmo FTC Federal Trade Commission 40

PYMNTS

SEPTEMBER 29, 2017

For consumers looking for mobile banking options, there’s no shortage of solutions available in digital download stores alone. based, startup, digital and mobile financial firm Starling Bank, the answer has often involved trying to stay ahead in the crowded digital banking race. Pushing forward on partnerships .

Payment APIs and Integration 46

Payment APIs and Integration Online and Mobile Banking Faster Payments Cross-Border 46

FICO

MARCH 27, 2017

Four years ago, we at FICO started saying it’s time for banks to upgrade fraud protection in their retail banking departments. Are banks truly ready for same-day ACH? Are banks truly ready for same-day ACH? In today’s era of Venmo and SnapCash (and soon Zelle), three-day P2P transfers just don’t cut it.

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40

PYMNTS

SEPTEMBER 9, 2016

Square Cash is trying to turn around its money-losing proposition, launching a new service that enables people who receive a payment via Square Cash to cash out the money to a bank account in real time. Square has struggled in 2016 amid a rift with Starbucks and negative media attention on CEO Jack Dorsey.

Online and Mobile Banking 40

Online and Mobile Banking Payments Venmo Mobile Payments 40

PYMNTS

SEPTEMBER 19, 2016

Technology enthusiasts draw pictures on whiteboards showing bots as the new king of the stack, out-stacking the last great stack — apps, which sit on top of the next-to-last great stack — mobile operating systems, which sit on top of the next-to-next-to-last great stack — the web. It did — and WeChat was born. Add some sizzle.

Bots 79

Bots Credential Online and Mobile Banking Payments 79

PYMNTS

JANUARY 2, 2017

In 2016, the PYMNTS.com Tracker series kept tabs on practically everything within the payments and commerce ecosystem, from A to Z (that’s ACH transfers to Ziosk). Winding down the year, the most recent Trackers examined just what it takes to get all those Christmas presents ordered online to loved ones across borders.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

DECEMBER 30, 2016

Turning the page on 2016 and looking toward 2017, payments and escrow solutions are enabling traditional directory-based B2B marketplaces into transactional marketplaces, where the merchant and supplier can find each other, solidify the terms of the contract and carry out the transaction, all through the online platform.

ISO 20022 50

ISO 20022 B2B Online and Mobile Banking ISOs 50

PYMNTS

OCTOBER 11, 2017

And now, after combining with German firm Wincor Nixdorf in 2016 and emerging as international software and services company Diebold Nixdorf , this old dog is setting out to redefine “connected commerce.” Spoiler alert: It’s not just about stores, websites and mobile apps playing nice together. Banks, well, haven’t.

Online and Mobile Banking 47

Online and Mobile Banking ATM Data Breach Venmo 47

PYMNTS

JULY 22, 2016

But PayPal managed it pretty handily – because by all reasonable measures the second quarter of Q2 2016 was a very good time to be PayPal. That move is actually quite a bit bigger than the ability to tokenization payments credentials and enable physical POS payments via the mobile phone.

PayPal 40

PayPal Issuers Online and Mobile Banking Venmo 40

PYMNTS

JULY 1, 2019

billion, revenue was up 45 percent, profits were up 71 percent and mobile was driving a stunning 87 percent of ad revenue, just to highlight a few of the notable and impressive headlines. Bots on Messenger were launched in April of 2016 – two years after Marcus took charge – to much fanfare.

Bots 62

Bots Online and Mobile Banking Regulations PayPal 62

PYMNTS

SEPTEMBER 9, 2016

Braintree volume is growing explosively, and Venmo seems to have this miraculous ability to make the act of paying a social event that adds up to billions every quarter amongst those beloved millennials. The commerce world is changing and, as Webster noted earlier this week, may well have reached and passed its online inflection point.

PayPal 42

PayPal Issuers Online and Mobile Banking ACH 42

Fintech Labs Insights

AUGUST 31, 2016

The latest from FinDEVr New York 2016 presenters. Fintech Trending : Look Who’s Chasing Venmo , Student Loan Servicing Falls Short. Currency Cloud partners with Arkea Banking Services to provide faster payments and better reconciliation. Join Currency Cloud in New York next week for FinovateFall 2016. Alumni updates.

Online and Mobile Banking 14

Online and Mobile Banking Venmo Encryption Reconciliation 14

PYMNTS

APRIL 11, 2016

Stripe — The ‘PayPal ’ of mobile”. Cookies — The ‘ Venmo’ of Europe”. But unlike the relatively straightforward task of figuring out how to make a better Band-Aid, stronger pain reliever or softer facial tissue, the Uber and PayPal and Venmo wannabes face a much tougher task. iHeartDogs — The ‘Uber’ of dog walking”.

Venmo 45

Venmo PayPal Online and Mobile Banking Push-to-Card 45

PYMNTS

FEBRUARY 12, 2018

Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008. Yup, physical retail is doing just fine — despite all the talk of doom and gloom.

Caps 54

Caps Online and Mobile Banking P2P Economy 54

PYMNTS

JUNE 20, 2016

At the start of the year, I wrote a piece that outlined six trends that I suggested would set the agenda for payments innovation and commerce reinvention in 2016. Mobile Apps Kill Countertop Checkout. Not surprisingly, many more QSRs have climbed on the mobile order ahead bandwagon and seen similar results.

Online and Mobile Banking 47

Online and Mobile Banking Payments Credential Faster Payments 47

PYMNTS

OCTOBER 21, 2019

So were Venmo, Uber, Square, FastPay, Stripe, Flywire , Recurly, Kabbage and many more — and PYMNTS, as it turns out. The Greatest Hits (And Misses) Of Capturing The Magic In Mobile Payments . Among the defining stories of the last decade of payments is the long-running struggle to ignite mobile payments.

Innovation 52

Innovation Online and Mobile Banking Payments Mobile Payments 52

PYMNTS

FEBRUARY 19, 2018

News came Friday that Special Counsel Robert Mueller unsealed indictments against 13 Russian nationals and three Russian businesses, over alleged interference in the 2016 U.S. That’s because the indictments allege malfeasance that spans online transactions, banking and the ever-present specter of identity theft. The fallout?

Identity Theft 48

Identity Theft Risk Online and Mobile Banking PayPal 48

PYMNTS

JANUARY 2, 2017

Increasingly, as the holiday data shows, online and at Amazon. This Year Won’t Be So Easy On Banks , Either. While Donald Trump ended up winning the election, Webster’s assessment of the next four to eight years before the outcome was known was a mixed bag for banks. “ Millennials Are In For Some Hard Times.

Online and Mobile Banking 47

Online and Mobile Banking Payment APIs and Integration Credential Bots 47