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. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 8, 2019

As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. Toward that end, Chime acquired consumer credit startup Pinch late in 2018. The brand has been popular with young professionals.

Debit Card 64

Debit Card Push-to-Card Funds Availability Payroll 64

PYMNTS

OCTOBER 31, 2018

The eCommerce operator, which released its third quarter 2018 results , said it has intermediated $38 million of gross merchandise value (GMV) so far. billion for the second quarter of 2018. Gross merchandise volume reached $22.7 It was more than a month ago that eBay started managing payments on its U.S. percent of GMV.

PayPal 53

PayPal Payments Credit Cards Push-to-Card 53

PYMNTS

SEPTEMBER 19, 2018

Business cards and document pouch? Jolly, head of financing and channels in global transaction services at Bank of America Merrill Lynch , about the financial institution’s latest product launch: adding mobile wallet functionality to its suite of commercial card products. “We Polished shoes and nice jacket? Company-issued plastic?

B2B 56

B2B Push-to-Card Commercial Card Point-of-Sale (POS) 56

PYMNTS

JANUARY 29, 2020

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. Most customers still visit bank branches, but prefer digital in-branch experiences, pushing FIs to undergo digital transformations to provide the best customer engagement possible.

Bitcoin 52

Bitcoin Transactions Online and Mobile Banking Cross-Border 52

Finovate

FEBRUARY 29, 2024

The company’s pay-by-bank network currently processes over $42 billion in transaction volume each year. In 2018, Nordic Capital bought Trustly for an undisclosed amount, and since then, Trustly has acquired three companies of its own, including SlimPay, Ecospend, and PayWithMyBank. which offer significant potential.

Verification 65

Verification Deepfake Fraud Detection Push-to-Card 65

Clearly Payments

SEPTEMBER 16, 2024

Instead of entering a PIN or handling cash, users can simply tap their card or mobile device to complete a transaction in seconds. Contactless payments are a quick and secure way to make transactions without physically swiping a card or entering a PIN. Contactless payments market has been growing quickly.

Contactless Payments 52

Contactless Payments Push-to-Card Payments Transactions 52

PYMNTS

JUNE 24, 2020

trillion in premiums for 2018, according to one recent report , a notable portion of the wider industry’s approximately $5 trillion in revenue that year. Legacy payment systems rely heavily on paper-based methods, such as physical checks, which make it difficult for insurers to keep up with growing transaction volumes. billion profit.

ACH 60

ACH Checks Payments Bank Routing Number 60

PYMNTS

JANUARY 19, 2021

Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

Debit Card 62

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

PYMNTS

NOVEMBER 6, 2019

All in, Square posted Q3 net income of $29 million or an EPS of six cents per share, an improvement on Q3 2018’s net income of $20 million, or four cents a share, in the year-prior quarter. That once ahead came in ahead of analysts’ predictions of $597 million (excluding transaction-based and bitcoin costs) and Q3 2018’s $431 million result.

Bitcoin 40

Bitcoin Push-to-Card Volume Adjustments 40

PYMNTS

AUGUST 14, 2019

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized : firms are often considered too small to be profitable for banks’ corporate services units and are therefore pushed into an FI’s consumer banking operations.

Consumer 48

Consumer Small Business Push-to-Card FDIC 48

PYMNTS

OCTOBER 5, 2018

The upcoming Netball 2018 Sunshine Series featuring Jamaica vs. England. Card Decline Rates. “At At launch, New Jersey’s legal online casino sites struggled with credit card decline rates exceeding 75 percent,” the report said. It’s a good time to be a sports gambler. Baseball playoffs. The stakes are significant.

PayPal 59

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

PYMNTS

AUGUST 20, 2019

Subscription Push. Shoppers can check out using a credit card, debit card, Apple Pay or health savings account (HSA)/flexible spending account (FSA) at launch. It’s a story commonly heard from children – and a story that, in this case, led to a fresh idea for subscription commerce. It’s almost like a digital game.”.

Push-to-Card 61

Push-to-Card Debit Card Credit Cards Process 61

CB Insights

AUGUST 23, 2018

JPM’s digital push, a theme it refers to as “Mobile First, Digital Everything,” is showing positive early results. JPM boasts an industry leading credit card network. With an elite rewards network, JPM is able to use its credit cards as a lever to attract and retain valuable clients. First Name.

Consumer 76

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

PYMNTS

SEPTEMBER 16, 2020

Fraudsters’ attacks on universities’ systems have become more frequent in recent years, revealing just how critical it is for universities to bolster their cybersecurity amid the push to remote learning. One 2018 study estimated that just 20 percent of U.S. Finalizing attendance at U.S. The College Digital Onboarding Challenge.

Cybersecurity 56

Cybersecurity Enrollments Phishing Identity Theft 56

PYMNTS

FEBRUARY 18, 2019

A contrarian, so says the dictionary , is someone who feels comfortable pushing back against the status quo, inevitably associated with going against the grain. A contrarian, so says the dictionary , is someone who feels comfortable pushing back against the status quo, inevitably associated with going against the grain.

Push-to-Card 67

Push-to-Card Online and Mobile Banking Consumer Governance 67

PYMNTS

JUNE 2, 2017

Kelly emphasized that the Checkout offering has 300,000 merchants worldwide across $200 billion of addressable volume. Kelly said that within the larger picture, the company is focused on “growing the payments pie; we’re in a unique space in payments where we don’t necessarily have to go out and battle for a fixed share of a pie.

Digital Payments 52

Digital Payments Payments Duplicate Push-to-Card 52

PYMNTS

JUNE 3, 2020

The virus’s impact has not been solely responsible for this rush to digital, but it has given the trend a push. The virus’s impact has not been solely responsible for this rush to digital, but it has given the trend a push. Online account openings have increased 14.5 percent for community FIs in the U.S.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Mobile Banking Volume 52

PYMNTS

JUNE 9, 2018

China Leads The 2018 Advertising Push. That amounts to roughly 1 percent of China’s total advertising budget for 2018. Even among American brands making a major advertising push at the World Cup this year, the thrust of that advertising is very different, reports Digiday. Even in a “good year” for the U.S.

Push-to-Card 43

Push-to-Card Participant On-Demand Consumer 43

PYMNTS

AUGUST 16, 2019

On August 11th, 1994, Philadelphia’s Phil Brandenburger purchased a Sting album (“Ten Summoner’s Tales ,” to be specific) with a Visa card, and changed the world forever. In 2018 alone, global online retail sales came out at $2.8 trillion, and projections show a growth of up to $4.8 trillion by 2021.

Online and Mobile Banking 64

Online and Mobile Banking Push-to-Card EMV Encryption 64

PYMNTS

DECEMBER 9, 2019

This was an increase over 2018’s growth of 77.42 Compared to an average day during the study period, Total Payment Volume (TPV) on Cyber Monday was 55.22 By all accounts, Cyber Monday was a great day for commerce in America. Prior to the all-day digital shopping festival, analysts had predicted it would surpass $9 billion.

PayPal 52

PayPal Push-to-Card Alternative Payment Methods Professional Development 52

PYMNTS

JUNE 17, 2016

Today, there are 300 million chip cards in circulation and 1.2 It’s also the first to say that there could and should be more places for consumers to use their chip cards. 2015, the cost of counterfeit fraud on chip cards is not absorbed by the issuer but the merchant, even if there is an EMV terminal on their counter.

EMV 50

EMV CHIPS Chip Cards VARS 50

PYMNTS

OCTOBER 1, 2018

31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. Despite very low transaction volumes, it can take as long as an hour or more to take a round trip on its rails. The end of this month, Oct.

Bitcoin 85

Bitcoin Blockchain Cryptocurrency Innovation 85

PYMNTS

JUNE 29, 2018

A recent report found the number of data breaches dropped by 40 percent in Q1 2018. In one such partnership, wine and spirits retailers Total Wine & More recently announced a collaboration with Forter , a provider of fraud prevention solutions, to help guard against credit and debit card fraud. Notable Digital ID News.

Authentication 40

Authentication Breach Fraud Prevention Push-to-Card 40

PYMNTS

DECEMBER 13, 2017

But others are pushing forward, particularly with respect to funds availability. Give it an “A” said Herd, as 66 percent of FIs are already making Same Day ACH funds available, well ahead of the March 2018 deadline. -based financial institutions (FIs) offer same-day credits. Businesses love (same-day) ACH debit, Herd said.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

PYMNTS

OCTOBER 24, 2018

It is intended to be more inclusive, according to reports, and to make it easier for consumers to qualify for mainstream financial products like credit cards or mortgages by taking into account their past history of cash transactions. Unemployment is at record lows and wages are gradually pushing up.

Underwriting 43

Underwriting Push-to-Card Credit Union Consumer 43

PYMNTS

MARCH 22, 2018

In late 2016, India’s government surprised the world with a decision to push the race for payment digitization from a marathon to a sprint, by deciding to scrap nearly 85 percent of the nation’s physical currency reserves almost overnight. The move was highly controversial – and widely criticized. million to 6.3 The KYC Conflagration.

Mobile Payments 52

Mobile Payments Payments Digital Payments Push-to-Card 52

PYMNTS

JANUARY 31, 2020

Amazon’s last official update was in April of 2018, when it reported more than 100 million members in the program. He added that he fully expects that “we’ll start to lap this,” and costs will become more efficient as volume grows, new routes are put into place and additional delivery technology is added into the mix.

Push-to-Card 53

Push-to-Card Caps Mitigation Posting 53

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. He had returned a total of five items over the course of 2017 into 2018.

Returns 40

Returns Card Issuer Issuers Credit Cards 40

PYMNTS

JUNE 11, 2018

This weekend, Justify won the Belmont Stakes to win the Triple Crown, an event that was somewhat surprising due to its timing. Just three short years ago, American Pharaoh also went home from the Belmont as a Triple Crown winner, the first in 38 years to triumph in all three races (13 horses got ? of the way there only to fail on the Belmont).

Push-to-Card 40

Push-to-Card Returns Commercial Card Credit Cards 40

FICO

MAY 18, 2020

Whether dealing with true losses or impairments, organisations needed to really push their data science teams to address the customer in the round. The EBA survey published after IFRS 9 went live in 2018 reported that the average impact was around 9% in terms of the loss allowances. This is a unique time. Before the Storm Broke….

Regulations 52

Regulations Credit Risk Push-to-Card Risk 52

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers.

EMV 40

EMV CHIPS VARS Push-to-Card 40

PYMNTS

JUNE 19, 2020

According to ZDNet , the attack came with peak traffic volume of 2.3 The American economy is reopening for business and consumers are starting to head back toward their lives in the physical world. That means Walmart and Amazon will square off more than ever when it comes to collecting their share of the consumer’s whole paycheck.

Security 56

Security Push-to-Card Consumer Continuity 56

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

PYMNTS

NOVEMBER 5, 2018

As of 2018, somewhere between half and two-thirds of all B2B payments are still made by check. It becomes harder for the buyer to know how the supplier likes to be paid — cards or ACH, for example — or how to route that transaction once they do know. Visa and Billtrust today (Nov. Checks, he noted, are easy to send and receive.

B2B 78

B2B Checks Push-to-Card Payments 78

PYMNTS

DECEMBER 10, 2018

It’s the decoupled debit card. Merchants paid less when they accepted those cards. Aside from a handful of special use cases , there wasn’t mass adoption of decoupled debit cards, and merchants didn’t end up issuing many. Decoupled debit accounts for very little of ACH volume. 2018: Same Song, Different Verse.

ACH 73

ACH Credential Push-to-Card Breach 73