PYMNTS

APRIL 29, 2020

saw more than 1,500 bank branches close between February 2019 and February 2020, which likely reflected declining consumer demand for in-person services. This can be an uphill battle, with a 2019 report finding that consumers have 51 percent more trust in FIs that have branches. Consumers Rely on Debit During the Pandemic.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

PYMNTS

JANUARY 22, 2020

Two major Austrian card issuers are also using the technology. According to the release, Netcetera rolled out the solution before the September 2019 deadline. “We Experience counts when tight deadlines and project complexity raise the stakes,” said Uwe Härtel, Central Europe country manager at Entersekt.

Payment Security 85

Payment Security Security Authentication Online and Mobile Banking 85

CB Insights

MARCH 28, 2019

valuation) — point-of-sale lender considering expansion into credit cards. CEO/Co-founder, Brex ($1B valuation) — credit card issuer with tech to help startups manage their expenses. The post Future Of Fintech 2019: Meet Our Speakers In Lending appeared first on CB Insights Research.

FinTech 33

FinTech Card Issuer Credit Cards Issuers 33

Payments Dive

JUNE 11, 2025

Prior to Shopify starting its own BNPL product, Sezzle said the total value of its transactions on Shopify stores rose 1200% from January 2019 to June 2021, with the number of Shopify merchants using Sezzle tripling. Riley Securities analyst Hal Goetsch wrote in a May 5 client note.

BNPL 78

BNPL Privacy Stablecoins On-Demand 78

Fintech News

JANUARY 21, 2024

Meanwhile, Google reported that demand for international travel in Asia-Pacific (APAC) skyrocketed to 85% above 2019 levels in 2023, while domestic travel demand surged by 52%. A 2023 infographic produced by Up in the Air, a travel payment consultancy from the Netherlands, depicts a dynamic and diversified B2B travel payment landscape.

FinTech 109

FinTech Payments Visa B2B 109

PYMNTS

DECEMBER 27, 2018

Simon Lyons, chief commercial officer at The Slide App, says there is also a Magnificent Seven that banks should call upon in 2019 to protect their customer base. In 2019 the ecosystem that has been prevalent in other industries will become available to the mainstream banking audience. Try your card. POS With No Cards.

Small Business 70

Small Business Card Issuer Issuers API 70

PYMNTS

APRIL 15, 2020

The only way the industry can solve this growing and costly problem is through industry-wide collaboration between card issuers, merchants and card brands sharing purchase insight in real time through the channels consumers know and trust,” he added.

Online and Mobile Banking 67

Online and Mobile Banking Card Issuer Disputes Visa 67

PYMNTS

OCTOBER 9, 2019

However, the distance between an average annualized rate and a prime rate on credit cards is getting bigger; at the end of August, it was almost at its largest amount ever. A number of credit card issuers have been trying to attract new business with rewards instead of lowering rates. payments ecosystem.

Credit Cards 61

Credit Cards Federal Reserve FedNow Card Issuer 61

PYMNTS

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards.

Debit Card 73

Debit Card Security Fraud Detection Federal Trade Commission 73

PYMNTS

NOVEMBER 14, 2018

14) that it is rolling out tap-to-pay functionality across its Chase Visa card portfolio, an initiative that will begin late this year and extend into 2019. said the rollout will be done on an ongoing basis, spanning when customers open up new accounts or have cards that are renewed. 1 card issuer in the U.S. –

Credit Cards 57

Credit Cards NOV EMV Contactless Payments 57

PYMNTS

FEBRUARY 3, 2020

In March of 2019, Goldman and Apple joined forces to form a co-branded credit card, the Apple Card. Executives at Goldman have pointed to the Apple Card as the “most successful credit card launch ever.” The eCommerce giant had in excess of $863 million in outstanding small business loans at the end of 2019.

Small Business 52

Small Business Card Issuer Credit Cards Credit Risk 52

PYMNTS

JUNE 6, 2019

Card issuers have been slow to release contactless cards due to limited acceptance at the point of sale. On the issuing side, several of our largest clients will begin issuing contactless cards over the next few quarters. boosting mainstream adoption of contactless payments is likely in the hands of card issuers.

Contactless Payments 56

Contactless Payments Chip Cards EMV Card Issuer 56

PYMNTS

AUGUST 6, 2020

billion for its second quarter 2020 — a jump of 129 percent from Q2 2019 — Fiserv President and CEO Frank Bisignano said Wednesday (Aug. billion in the comparable 2019 period. Reporting revenues of $3.47 5), “We demonstrated the strength and resilience of our business model during the quarter.”.

Zelle 61

Zelle Card Issuer Issuers Volume 61

FICO

JULY 27, 2020

Since the start of COVID-19, we have been tracking its impact using data reported by the UK’s leading credit card issuers, through the FICO® Benchmark Reporting Service. drop compared to May 2019. for the same period in 2019. Issuers wishing to subscribe to this service can contact me at staceywest@fico.com.

Credit Cards 52

Credit Cards Card Issuer Issuers Consumer 52

The Fintech Times

FEBRUARY 20, 2024

Since its inception in April 2019, the partnership has significantly expanded JCB Card acceptance across The Bicester Collection, resulting in a 51 per cent year-on-year growth in spending by JCB Cardmembers. The partnership JCB is a major global payments brand and a leading credit card issuer and acquirer in Japan.

Card Issuer 59

Card Issuer Payments Issuers Credit Cards 59

FICO

SEPTEMBER 3, 2020

Since the start of COVID-19, we have been tracking its impact using data reported by the UK’s leading credit card issuers, through the FICO® Benchmark Reporting Service. Fewer accounts are breaching their card limit but card limits being breached are with higher amounts. Spend on UK Cards Starts to Increase.

Credit Cards 52

Credit Cards Card Issuer Issuers Breach 52

Finextra

JUNE 18, 2025

Interoperability across multiple domestic and international card schemes without cobadging constraints. Significant simplification of the technical architecture for merchants. no mandatory cobadging). It expresses the views and opinions of the author. 13 February nexo standards: simplifying payments one transaction at a time.

ISO 20022 52

ISO 20022 Transactions Payment APIs and Integration Cross-Border 52

FICO

OCTOBER 20, 2020

FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers through its FICO® Benchmark Reporting Service. percent in the same period in 2019. We will also soon start to see how seasonal spend patterns compare to 2019. . Card usage continues to increase. Cash spend on cards.

Issuers 52

Issuers Push-to-Card Credit Cards Card Issuer 52

FICO

NOVEMBER 16, 2021

However, it was still £49 on September 2019, suggesting that consumers are still relying on lockdown savings. . Year on year it is 22 percent higher and 26 percent above 2019 levels. percent below September 2019. However, average balances on card users missing two or more payments are above pre-pandemic levels.

Credit Cards 52

Credit Cards Issuers Card Issuer Caps 52

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. In August 2019, the company closed out its Series F funding round from Sequoia, Andreessen Horowitz, and General Catalyst at a $35B valuation.

Online and Mobile Banking 98

Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

PYMNTS

JULY 6, 2020

This month’s Deep Dive examines how the pandemic has spurred greater touchless payment method adoption and how card issuers, networks and other players in the space are responding. . Safety Concerns Encourage Contactless Card Use . One credit card network reported that U.S.

Transactions 52

Transactions Card Issuer Push-to-Card Contactless Payments 52

PYMNTS

OCTOBER 30, 2020

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs.

Automation 91

Automation Process Disputes AML 91

PYMNTS

OCTOBER 14, 2019

percent in July of 2019, which continues a decrease from 8.3 billion card transactions, both debit and credit, made in July, an increase of 5.7 Card issuers have been slow to release contactless cards due to limited acceptance at the point-of-sale. The total amount spent was £17.9 billion ($22.5

Contactless Payments 58

Contactless Payments Debit Card CHIPS Credit Cards 58

PYMNTS

JANUARY 24, 2020

trillion online in 2019 — an approximately 18 percent year-over-year increase in worldwide sales. . These tools can be helpful on their own — and communication among card issuers, merchants and payment processors can improve their accuracy — but they still only go so far, he said. .

Issuers 61

Issuers Card Issuer Authentication Processors 61

FICO

DECEMBER 16, 2020

percent lower than October 2019. In the run up to Christmas it is going to be a difficult juggling act for credit card issuers to provide their customers with a means to spend while trying to prevent their balance building to unsustainable levels. Spend on UK cards only 4.5 per cent lower than October 2019.

Issuers 52

Issuers Card Issuer Credit Cards Accounts 52

PYMNTS

JANUARY 9, 2020

Tencent was reportedly talking to five different international card issuers about allowing cardholders outside the country to use WeChat Pay while they travel. Rival Alipay has a similar functionality that allows tourists to link their own bank cards to its app. WeChat Pay has more than one billion users.

Cross-Border 52

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

PYMNTS

JANUARY 20, 2020

In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial experiment. s largest card issuers to get the project off the ground. JPMorgan Chase & Co., Wells Fargo & Co.

Payments 110

Payments Push-to-Card Point-of-Sale (POS) Issuers 110

PYMNTS

NOVEMBER 15, 2018

To that end, Chase , the largest card issuer in the U.S., 14) that it’s rolling out tap-to-pay functionality across its Chase Visa card portfolio. The effort is broad and far-reaching, considering how more than 90 million debit and credit cards are wielded by Chase customers across the United States.

Card Services 71

Card Services Contactless Payments Point-of-Sale (POS) Credit Cards 71

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. It also analyzes how retailers, debit issuers and other payment players can sharpen the tools they use to keep debit fraud in check. Debit And The Fraud Catch .

Debit Card 59

Debit Card Online and Mobile Banking Debit Transaction Issuers 59

FICO

OCTOBER 12, 2021

The average spend on UK credit cards increased £23 to £711 in August 2021. For the third consecutive month pre-pandemic levels were exceeded, up £40 on August 2019. . The change in consumer behaviour over the last 12 months is also illustrated in a 25 percent increase since January 2021 in average sales on credit cards.

Credit Cards 52

Credit Cards Consumer Travel Rule Issuers 52

FICO

SEPTEMBER 16, 2021

Balances for card holders missing two payments are £215 or 9.5 percent higher than July 2019. . . percent compared to the previous month, to yet another over two-year high and it is 22 percent above pre-pandemic levels in July 2019. Issuers wishing to subscribe to this service can contact me at staceywest@fico.com.

Issuers 52

Issuers Card Issuer Payments Trends Accounts 52

PYMNTS

OCTOBER 15, 2018

American Express, the payments company, and Ethoca , a provider of collaboration-based technology solutions for merchants and card issuers, announced on Monday (Oct. In a press release , the companies said the partnership is aimed at helping American Express merchants and card members in the U.S.

Disputes 49

Disputes Card Issuer Issuers Transactions 49

PYMNTS

SEPTEMBER 14, 2020

Card issuers that are convinced of their customers’ truthfulness ask merchant acquirers to extract money from sellers’ accounts, which can then be used to refund consumers for disputed purchases. Retailers suffer significantly from friendly fraud, reportedly losing $35 billion to such issues in fiscal year 2019 alone.

AI 70

AI Disputes Push-to-Card Acquirers 70

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

FICO

JANUARY 11, 2022

Average balances on card users missing two or more payments remain above COVID-19 levels. Average balances on cards with two missed payments are £151 higher than November 2019 (6.5 However, it is still 49 percent below November 2019 figures. How FICO Can Help with Card Risk Management. percent higher).

Credit Cards 52

Credit Cards Card Issuer Best Practices Risk Management 52

PYMNTS

SEPTEMBER 9, 2020

A new report found that 58 percent of merchants now accept contactless cards, compared to the 40 percent that did so in 2019. This month’s Deep Dive examines key approaches being leveraged to defend online card transactions, including limits on card-based spending, tokenization and the use of 3D Secure 2.0

Debit Card 64

Debit Card Credit Union Service Organization Point-of-Sale (POS) Contactless Payments 64

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. In 2019 issuers faced $4.2 billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater.

Debit Card 52

Debit Card Fraud Detection Issuers ATM 52