PYMNTS

NOVEMBER 12, 2020

consumers will likely start rising again as a result of the pandemic recession. Keeping these consumers engaged in the broader financial system is essential to the collective good. Supplying a much-needed conduit and line of communication with the unbanked and underbanked is the ubiquitous smartphone. What are those challenges?

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

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. It’s not that consumers aren’t interested: Around 74 percent of U.S.

Issuers 75

Issuers API Ubiquitous Credential 75

PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. million Australian consumers — more than 5 percent of the population — registered with the service within its first month. . Payments: Consumer Preferences. State of U.S.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

FEBRUARY 11, 2020

Also, the Department of Justice charged four Chinese intelligence officers with the 2017 cyberattack on credit reporting giant Equifax. The Department of Justice charged four Chinese intelligence officers with the 2017 cyberattack on credit reporting giant Equifax on Monday, Feb. DOJ Indicts Four Chinese Army Spies For Equifax Hack.

Laws 60

Laws Visa Payments Ubiquitous 60

FICO

DECEMBER 18, 2017

In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. Two-Factor Authentication Will Become Nearly Ubiquitous. “The more things change, the more they stay the same.” We’ll See Our First Biometrics Hack in 2018.

Cybersecurity 73

Cybersecurity Authentication Credential Ubiquitous 73

PYMNTS

FEBRUARY 1, 2021

As Camporeale told Webster, Italian banks were among the first to adopt the SEPA instant credit transfer schemes, back in November 2017. It has clarified the banking processes, but RTP is hardly ubiquitous within Italy, much less across the Eurozone.

Real Time Payments 100

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

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 has been since the fall of 2017. Here’s where the canary flew in.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

FEBRUARY 14, 2018

If 2017 was the year of disruption , what will 2018 be? Because – as the executives we spoke to nearly universally pointed out – there is no longer any fooling the average consumer about what is possible and what they can reasonably expect from providers. In 2018, they’re becoming an ubiquity that no organization can ignore.”.

Payments 79

Payments Ubiquitous Bitcoin Mobile Payments 79

Faster Payments Council

DECEMBER 4, 2019

"The FPC is the only payments organization that has members representing business end users, network operators, consumer organizations, financial institutions, and technology providers, and we believe the Fed's participation gives the FPC even greater reach across the industry to drive adoption of a ubiquitous faster payments system."

Federal Reserve 68

Federal Reserve Faster Payments FPC Fed 68

PYMNTS

SEPTEMBER 23, 2016

More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. via all banks and credit unions. Today (Sept. Every bank in the U.S. is now capable of receiving and enabling this same-day capability.

Faster Payments 75

Faster Payments Same Day ACH ACH ACH Network 75

Fintech News

APRIL 16, 2024

With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services. The BOT expects the advent of digital banking to heighten customer experiences, enhance financial services accessibility, and lower fees for consumers.

FinTech 120

FinTech Bots Central Bank Innovation 120

PYMNTS

MARCH 14, 2017

Whether it’s checking a bank account balance or placing an order online, consumers expect fast, convenient and immediate results. DE: The idea of fast funds continues to consume an outsized proportion of the industry’s headspace. Best of all, it’s instant, guaranteed and comfortable for the consumer.

Consumer 40

Consumer Push-to-Card P2P Gateways 40

PYMNTS

OCTOBER 28, 2016

Meanwhile, credit card giant Mastercard anticipates launching a selfie payment service in European marketplaces in 2017. The solution, called the iovationScore, can pick up on subtle contextual and global behavioral transaction patterns to safeguard consumers from fraud. The phone has also been banned from U.S.

Credit Cards 71

Credit Cards Ubiquitous Security Checks 71

FICO

AUGUST 20, 2017

As traditional auto finance lenders are stepping up their online game, along come Digital Consumer Lenders like Avant , Earnest , and SoFi to compete on alternative playing fields. Another item to consider is the ubiquitous access to information which has irreversibly flipped the balance of power to the consumer in deal negotiations.

Ubiquitous 69

Ubiquitous Technology Assessments Process 69

PYMNTS

MAY 11, 2018

2017 — with some ups and downs in between. 2017 reflects some sort of delayed inflection point. The bump may have primarily come from more people trying Apple Pay for the first time, rather than existing Apple Pay consumers using it more often. Plastic cards are ubiquitous and the default payment method at checkout.

Credit Cards 50

Credit Cards Push-to-Card Ubiquitous Product 50

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov. consumers — 47.2

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

PYMNTS

JANUARY 3, 2020

Rarely do consumers and businesses agree on anything as much as they have on instant. And as promising as things are in the early stages, there’s work to be done before instant becomes ubiquitous. As instant money organizes itself largely around consumer preferences, there are important distinctions to be made. Risk vs. Reward.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

PYMNTS

APRIL 18, 2017

In a press release, Early Warning Services said the Zelle Network now includes 20 banks and credit unions and is poised to reach an estimated 85 million consumers in the U.S. New “Send Money with Zelle” experiences will be live in bank apps in mid-2017, the company added. With Zelle, we’ll collectively reach more U.S.

P2P 40

P2P Zelle Transactions Process 40

The Fintech Times

JANUARY 13, 2024

The open banking journey to date Open banking was initially launched in the UK in 2017, shortly after the Competition and Markets Authority (CMA) concluded its market investigation into retail banking. The moves also hoped to significantly enhance the security of payments, as well as the protection of consumer data.

Payment APIs and Integration 81

Payment APIs and Integration Use Case On-Demand Consumer 81

Fintech Finance

JANUARY 24, 2024

Mastercard and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP® network.

Real Time Payments 52

Real Time Payments RTP Visa Instant Payments 52

PYMNTS

APRIL 20, 2017

Can push payments make the push into full acceptance by consumers and corporates? Consumers can choose any payment method, such as a debit card, credit card, private label, prepaid, PayPal or other account to receive funds. Ingo Money has been a big part of delivering this consumer choice in push payments.

Push-to-Card 42

Push-to-Card Ubiquitous Checks Credit Cards 42

PYMNTS

JULY 23, 2019

Businesses and consumers are unlikely to change their payment preferences until two conditions are met: they both feel the pain of slow legacy systems and are presented with an easy-to-adopt alternative. Real-time payment system advocates seek to make the rails as close to ubiquitous as possible. Around the Faster Payments World.

Real Time Payments 52

Real Time Payments Faster Payments API Ubiquitous 52

Clearly Payments

MARCH 18, 2024

In consumer finance, the way we pay for goods and services is changing rapidly. We’ll break down the numbers, analyze the demographics, and uncover the driving forces behind the choices consumers are making when it comes to how they pay. This makes sense for situations where swiping a card might not be worth it.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

DECEMBER 26, 2016

For years, mobile payment providers had been pushing solutions for mobile pay in-store, but a few things were not there yet: mobile adoption, mobile technology and consumer sentiment. Because of this, there’d been a nebulous — at best — market on both the merchant and consumer side. Showrooming is no longer a four-letter word.

Payments 50

Payments Ubiquitous Consumer Consulting 50

PYMNTS

SEPTEMBER 16, 2019

consumers shop and pay — today and in the future. But it’s the bridge millennials – those 30- to 40-year-olds who are the first generation of connected consumers with spending power – who offer profound insights into the future of connected commerce, and the devices and apps that enable those experiences. This group of 60 million U.S.

Consumer 89

Consumer Use Case Ubiquitous Credential 89

PYMNTS

NOVEMBER 30, 2017

Cleland explained many facets of the current state-of-cash, including its changing accessibility and evolving role in consumer preferences. With more competition from alternate payment forms these days, cash may not be the only choice consumers have, but it continues to be a payment method to reckon with, she said. And rightfully so.

Contactless Payments 66

Contactless Payments Alternative Payment Methods Online and Mobile Banking ATM 66

PYMNTS

JANUARY 16, 2018

An increasing number of consumers are getting a roommate, and her name is Alexa. Between 2017 and the beginning of 2018, the number of Alexa skills skyrocketed to more than 25,000 from 7,053 in the U.S. Aside from consumer convenience, the connected coffee machine offers a retail avenue for Amazon. over the same period.

Consumer 56

Consumer Ubiquitous On-Demand AI 56

PYMNTS

SEPTEMBER 24, 2018

That ecosystem today includes developers who create skills powered by Alexa , SDKs (software developer kits) for third parties to use to incorporate Alexa into their own devices and a suite of Amazon’s own hardware devices that consumers can purchase to bring Alexa and her skills into their homes and offices. consumer’s automobile.

Consumer 76

Consumer Use Case On-Demand Ubiquitous 76

PYMNTS

JANUARY 24, 2019

Since The Clearing House (TCH) launched Real-Time Payments (RTP) in 2017, the system has yet to reach ubiquity in the U.S. While consumers wait for sweeping system-wide changes, they still crave speedier services that can streamline the payments they make in their daily lives, and companies like Stack Sports are working to meet that demand.

Federal Reserve 67

Federal Reserve Real Time Payments Faster Payments RTP 67

PYMNTS

AUGUST 12, 2019

Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day. Existing infrastructure that enables these innovations is cheap, secure and efficient – and ubiquitous for innovators who want to launch those products as well as the corporates that want to use them.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

OCTOBER 12, 2018

But for 27 percent of American consumers who are unbanked or underbanked, according to the FDIC , things aren’t nearly as seamless. This, he noted is the 90 million or so American consumers – who need to be better served. Digital and card payments have grown, he noted, and check payments are slowly fading away. percent and 15.5

PayPal 63

PayPal Online and Mobile Banking Visa Financial Inclusion 63

PYMNTS

JULY 24, 2019

back in 2017, they haven’t yet hit ubiquity. This balance is particularly important when it comes to P2P payments, as consumers’ perceptions of security and convenience affect adoption and use.”. Real-time payment system advocates seek to make the rails as close to ubiquitous as possible. This is shifting, though.

Real Time Payments 67

Real Time Payments Payment APIs and Integration Faster Payments Fraud Detection 67

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. “We Why Now For FedNow.

FedNow 85

FedNow Fed Federal Reserve Real Time Payments 85

PYMNTS

APRIL 14, 2017

For consumers, accessibility and lack of information are significant barriers to purchasing cannabis. The vision for greenRush is to build a ubiquitous platform, allowing consumers to order cannabis on demand from any location of their choosing across every legal cannabis market in the world.

Legal 56

Legal On-Demand Ubiquitous Consumer 56

PYMNTS

JULY 8, 2019

Instagram encourages discovery and shopping, but has stopped short of adding a literal buy button , while Twitter has experimented with them but nixed the idea in 2017. They are now so ubiquitous on eCommerce sites that the average shopper might not even notice them. percent of eCommerce sites in Q2 2017 and 14.6 percent growth.

PayPal 51

PayPal Ubiquitous Consumer Security 51

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. Meanwhile, there are already two ubiquitous faster (than before) payments rails in the U.S.:

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80