PYMNTS

SEPTEMBER 14, 2020

Friendly fraud has been on the rise for years, with customers contacting their banks to falsely assert that their credit cards have been used online for unauthorized purchases. Undeserved chargebacks are no trivial issue, either, as the number of such false claims rose 41 percent between 2016 and 2018. Why Customers Go Bad.

AI 70

AI Disputes Push-to-Card Acquirers 70

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. It is estimated over £200 billion of UK household debt is in unsecured retail credit.

Push-to-Card 63

Push-to-Card Card Issuer Debit Card Compliance 63

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. This trend is significant — one financial services company expects U.S. My Money, My Way.

Credit Cards 54

Credit Cards Debit Card Push-to-Card Card Issuer 54

PYMNTS

OCTOBER 18, 2019

Card member spending, higher net interest income and card fees combined to produce an 11 percent year-over-year revenue gain for the Global Consumer Services Group of American Express in the third quarter of 2019. percent for the second quarter of 2018 and 1.7 percent for the third quarter of 2018. percent to $10.99

Push-to-Card 40

Push-to-Card Commercial Card Card Issuer Credit Cards 40

FICO

DECEMBER 23, 2019

One of the most popular FICO blogs is Sarah Rutherford’s “What is Authorised Push Payment Fraud?” Notably, authorized push payment fraud was up 44% in the UK in 2018, a huge leap. Consumers are conditioned to want every digital interaction to be fast, faster, fastest. How Fraud Could Happen to You.

Online and Mobile Banking 52

Online and Mobile Banking Credential Scams Irrevocability 52

PYMNTS

MAY 28, 2018

Amazon is rethinking returns, routers have been overrun by Russians and credit card issuers may not yet be betting on sports gambling, regardless of what the Supreme Court says. Apparently some shoppers have pushed Amazon’s patience too far with too many returns. Amazon’s Returns Reset. And now we all have to suffer for it.

Returns 40

Returns Card Issuer Issuers Credit Cards 40

PYMNTS

NOVEMBER 13, 2019

In 2018, American consumers spent a combined $998 billion, and forecasts for 2019 predict a 3.8 One CU that CO-OP works with, for example, offered customers a temporary bonus of triple points for money spent on Amazon during Prime Day 2018 — a highly relevant offer that drove a lot of Prime Day spend on that issuer’s cards.

Credit Union 46

Credit Union Push-to-Card Debit Card Card Issuer 46

PYMNTS

MAY 7, 2018

This week in PYMNTS and commerce, we had plenty of players pushing in the spirit of said ancient wisdom, to greater and lesser effect. percent of each credit card transaction plus 30 cents, which is shared among Amazon, card issuers and payment networks. Amazon’s All About The Perks. Visa fell 0.9

Push-to-Card 53

Push-to-Card Online and Mobile Banking Wire Transfer Credit Cards 53

PYMNTS

SEPTEMBER 18, 2019

A global survey found that the share of consumers who favored auto-renewal grew from 21 percent to 39 percent between 2018 and 2019. Last week, MoviePass announced the curtains would be closing on the subscription service. Ford is also selling off its monthly vehicle subscription services, Canvas, to vehicle subscription startup Fair.

B2C 46

B2C Push-to-Card Card Issuer Enrollments 46

PYMNTS

MAY 21, 2018

Credit Card’s Profit Squeeze. Credit card companies, faced with an increase in costs associated with rewards and rising loan losses, have seen their profitability dip of late. The balances on credit cards have grown at a fast pace — up 7 percent year over year in the early part of 2017. I’m not worried at all. the CEO said.

Credit Cards 40

Credit Cards Push-to-Card Card Issuer Returns 40

PYMNTS

JANUARY 24, 2020

The same sources also indicate that Amazon is already working with payments industry partners to make its industry-wide push viable. card issuers to get the project off the ground. card issuers to get the project off the ground. trillion market value), Apple ($1.38 Those rumors got a good deal louder last week.

Push-to-Card 52

Push-to-Card Card Issuer On-Demand Issuers 52

PYMNTS

JULY 23, 2018

May 2018’s household income numbers were up nearly 2 percent from last year, they say, due largely to increases in base compensation resulting from a tightening labor market. And that’s not a “Geez, I forgot to pay the credit card bill since I was away for a week” late paying the bills situation. Source: Financial Invisibles Report.

Finance 49

Finance Credit Cards Push-to-Card Economy 49

PYMNTS

OCTOBER 27, 2017

And for the record, making “fraudsters” a sizzle isn’t because we think it’s a good thing to do – but, unfortunately, they have earned it. And they’ve earned it not for lack of effort on the part of fraud and security professionals. Well, for one, account takeovers, which are on the rise. All told, merchants lost $3.3

AI 46

AI Account Takeovers FBI Payment APIs and Integration 46