PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. This compares to just 17 percent of cardholders who experienced debit-related fraud as recently as 2018. The report noted that U.S.

Debit Card 62

Debit Card Online and Mobile Banking Push-to-Card P2P 62

Fintech News

JULY 23, 2024

The list, produced by CNBC in collaboration with market research firm Statista, highlights the world’s top 250 fintech companies across eight market categories: payments, wealthtech, business process solutions, neobanking, alternative finance, financial planning, digital assets and banking solutions. billion (US$4.4 billion by late 2022.

FinTech 131

FinTech Online and Mobile Banking Multi-Currency Non-Bank 131

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) Zelle Bank Gains. P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. Mobile and online payments are also on the rise for this same reason. COVID-19 Exposes Online Payment Concerns. and the EU. Australia and Canada.

Privacy 52

Privacy Regulations Online and Mobile Banking CCPA 52

PYMNTS

JUNE 3, 2020

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. Online account openings have increased 14.5 Confronting Digital Banking Reality.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Mobile Banking Volume 52

PYMNTS

JANUARY 13, 2020

For those watching the payments sphere, the tea leaves are there for the reading, tied to mobile and digital banking adoption, to outstanding balances on cards, and to auto loans and mortgages. 15) will mark releases from Bank of America and Goldman Sachs. Going Mobile. Tuesday (Jan. Looking at Credit.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank of America reported on Wednesday (Jan. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

MAY 3, 2018

Mastercard beat estimates on Wednesday (May 2) as the company showed results that reflected higher spending on both credit and debit cards through the first quarter, as well as cross-border volumes that surged by double digits. The company said that worldwide gross dollar volume gained 14 percent to $1.4 The net revenue number of $3.6

Volume 48

Volume Visa Cross-Border Debit Card 48

PYMNTS

AUGUST 23, 2019

Sure, activities like shopping online, getting food delivered, catching a cab or finding a gig are some of the most front-and-center examples. A study from Juniper Research found that mobile ticketing is becoming mainstream in sports, with users predicted to spend $23 billion via mobile in 2023, up from $14 billion in 2019.

Online and Mobile Banking 79

Online and Mobile Banking Push-to-Card Credit Cards Debit Card 79

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

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 24, 2018

Moreover, Adobe projects that voice-assisted retail will prove to be a big hit during the 2018 holiday shopping season — and that consumers already devoted to the technology will buy even more gear for themselves and others. #3: 6: With Person-To-Person Mobile Tech. But that’s changing in this era of mobile and digital commerce.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

JANUARY 20, 2021

In broad strokes, open banking lays out a path and process for banks and other financial institutions (FIs) to share their customers’ data with third parties (even competitors), where that data tie into apps and new products and services. Dan Weaver, open banking expert at Equifax U.K., Open Banking In The States .

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Online and Mobile Banking API 75

PYMNTS

MARCH 23, 2018

Bank customers’ needs and demands of financial service providers are growing more sophisticated and complex. For the banks and merchants serving them, the challenge is matching the great strides in connectivity with consistency of experience and security. What is driving this trend? from EMVCo and “PIN on Glass” from the PCI Council.

Innovation 74

Innovation Security Visa Online and Mobile Banking 74

PYMNTS

FEBRUARY 28, 2019

Square ‘s Q4 earnings 2018 results came after market close on Wednesday (Feb. These trends included double-digit gross payment volume (GPV) growth, as measured year on year, double-digit transaction gains and traction in newer technology offerings — such as point-of-sale (POS) financing to help sellers log their own top-line growth.

Debit Card 68

Debit Card Payroll Point-of-Sale (POS) Underserved 68

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Credit card sales and merchant volumes were up 13 percent.

Online and Mobile Banking 43

Online and Mobile Banking Credit Cards Volume Community Banks 43

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. billion to US$15 billion during the period. in July 2023.

FinTech 121

FinTech Payment APIs and Integration Online and Mobile Banking Security 121

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 Advisors Micro-Entry 77

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. million in tokens for DENT, a mobile data ICO; and over $1.1 Theranos Investors Settle. They also stole $13.8

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

JANUARY 13, 2020

For those watching the payments sphere, the tea leaves are there for the reading, tied to mobile and digital banking adoption, to outstanding balances on cards, and to auto loans and mortgages. 15) will mark releases from Bank of America and Goldman Sachs. Going Mobile. Tuesday (Jan. Looking at Credit.

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

JANUARY 26, 2018

Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. If the same abandonment rates are applied to increased eCommerce volume, merchants could miss out on a significant amount of lost revenue. Not a New Concept. Time Is Right.

Authentication 66

Authentication Visa Regulations Online and Mobile Banking 66

PYMNTS

JANUARY 15, 2019

Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s CEO Tim Sloan on Tuesday (Jan. 15), as the financial institution (FI) disclosed its Q4 2018 earnings. The bank, trying to restore trust among consumers and commercial clients, said full-year 2018 revenue decreased about 2.3

Credit Cards 46

Credit Cards Federal Reserve Caps Debit Card 46

PYMNTS

JANUARY 21, 2020

The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . billion USD) in transaction volume last year. . billion USD) in transaction volume last year. .

B2B 52

B2B Online and Mobile Banking IBAN Payments Institute 52

PYMNTS

JANUARY 29, 2020

airlines are cancelling all flights to and from mainland China due to the coronavirus outbreak and Starbucks reported 17 percent mobile order growth in its Q1 2020 earnings report. New reports say 1 percent of all Bitcoin transactions involve criminal activity, and while this doesn’t sound like a lot, it’s almost double from 2018.

Bitcoin 52

Bitcoin Transactions Online and Mobile Banking Cross-Border 52

PYMNTS

SEPTEMBER 7, 2016

Wearables are becoming the must-have of mobile devices. Trupay is one of the first private sector companies in India to offer a mobile payment app based on a unified payment interface (UPI), according to a press release. The gloves are off in the fight for Europe’s mobile payments market. But with the impending arrival of U.S.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments P2P Credit Cards 40

PYMNTS

AUGUST 14, 2018

Coverage includes WorldRemit ’s partnership with Safaricom for money transfers to mobile money accounts in Kenya. In addition, Bambora is working with Payworks to introduce Bambora Connect, and Hong Kong-based The Bank of East Asia (BEA) has unveiled its i-Payment Hub. billion in 2018 to $22 billion by 2023.

Point-of-Sale (POS) 40

Point-of-Sale (POS) Online and Mobile Banking Cross-Border Central Bank 40

PYMNTS

JANUARY 9, 2020

Paying tuition used to be a difficult process, and involved exchanging yuan to South Korean won at a bank and then paying the university, noted the report. Although mobile payments are very common in China, simple cross-border transactions are not. In 2018, it had a daily transaction volume of over one billion.

Cross-Border 52

Cross-Border Online and Mobile Banking Card Issuer Mobile Payments 52

PYMNTS

MAY 13, 2019

Payment values went up 54 percent year over year, and payment volume increased 72 percent. The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app. According to eMarketer , nearly 80 million U.S. P2P Partnerships.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

JANUARY 15, 2019

will last all year instead of through the first half, the bank’s CEO, Tim Sloan, said Tuesday (Jan. 15) as the financial institutions disclosed its Q4 and 2018 earnings. The bank, trying to restore trust among consumers and commercial clients, said that full year 2018 revenue decreased about 2.3 percent, to $86.4

Credit Cards 43

Credit Cards Federal Reserve Debit Card Online and Mobile Banking 43

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. percent of total payments by volume in 2017 and debit responsible for 26.5 percent and 21.5

Online and Mobile Banking 51

Online and Mobile Banking Governance Government Digital Payments 51

PYMNTS

DECEMBER 9, 2019

Among the findings of the recent 2018 Diary of Consumer Payment Choice , produced through several of the U.S. Federal Reserve Banks, electronic payments are on the rise. The Fed banks said that 14 percent of respondents reported making zero payments. Cards over cash – specifically, debit cards over cash. Cash represented 31.6

Fed 56

Fed Debit Card Consumer Federal Reserve 56

CB Insights

JUNE 7, 2021

Marqeta allows businesses to offer payment card products to customers without having to deal directly with a traditional bank. It handles the back-end payment technology while working with banks that process the payment transactions. . in transaction volume. . G lobal online sales are expected to reach $4.8T

Issuers 73

Issuers Card Issuer Payment APIs and Integration Innovation 73

Fintech News

MARCH 18, 2024

The report, released in September 2023, looks at the Thai fintech sector, highlighting the rise of digital payments and the explosive growth of real-time transactions, as well as presenting the opportunities that exist in digital remittances, open banking, business-to-business (B2B) payments and agricultural lending.

FinTech 109

FinTech Online and Mobile Banking Blockchain Product 109

CB Insights

JUNE 5, 2019

In addition, the company filed a patent in 2018 that explores additional layers of authentication, including asking users to perform certain actions like “smile, blink, or tilt his or her head.”. Banks use facial recognition for authentication. The company is hoping this technology will be showroom-ready by 2020.

Technology 78

Technology Law Enforcement Online and Mobile Banking Authentication 78

PYMNTS

AUGUST 24, 2020

Online classes are also gaining the attention of workers who have been laid off during the economic downturn and want to refresh their skills or build new ones and attracting employees who may be seeking to polish their know-how while working from home. . Mobile money service M-Pesa is used by 24.5 Tackling The Currency Challenge .

International Payments 60

International Payments Cross-Border Online and Mobile Banking Cross-Border Payments 60

PYMNTS

OCTOBER 5, 2018

The upcoming Netball 2018 Sunshine Series featuring Jamaica vs. England. According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. The ACH tool has “real-time ability to verify bank-level data.”. Baseball playoffs.

PayPal 59

PayPal Online and Mobile Banking Legal Push-to-Card 59

PYMNTS

JANUARY 23, 2020

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. They may be less common in retail, especially as more purchases move online, but they are holding on as the disbursement methods of choice for businesses.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56