PYMNTS

APRIL 5, 2019

Might the check be going the way of the dodo? As 2019 ended its first quarter, it may have been the deals worth tens of billions of dollars that garnered the lion’s share of headlines. And yet, paper checks dominate, at about half of payments, in the U.S.

Checks 47

Checks B2B Push-to-Card Payments 47

PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. consumer purchases made with cash.

Automation 91

Automation Process Disputes AML 91

PYMNTS

NOVEMBER 9, 2020

Consumers in financial straits may find it difficult to maintain the balances necessary for them to keep their checking accounts open for one example, causing them to become unbanked. million households lacked access to bank accounts as of 2019. and why it appears to be pushing the percentage of unbanked consumers up.

On-Demand 81

On-Demand FDIC Push-to-Card P2P 81

PYMNTS

JUNE 3, 2020

Paper checks may become a thing of the past if healthcare’s trend toward modernization continues,” according to the new report. Paper checks may become a thing of the past if healthcare’s trend toward modernization continues,” according to the new report. For many, it’s very difficult. Real-Time Payments Get Healthy.

Faster Payments 63

Faster Payments Payments Checks Push-to-Card 63

PYMNTS

JANUARY 22, 2021

One reason is the tremendous push COVID-19 has given consumers. But another reason is that the digital-first economy is being pushed by a demographic changing of the guard when it comes to spending. Because, as Webster and Fiorentino jokingly agreed, standing in line at the point of sale is very 2019.

Push-to-Card 73

Push-to-Card Payments Credit Cards Checks 73

PYMNTS

NOVEMBER 21, 2018

And pretty much anyone who has the expertise is optimistic about 2019 bringing further progress on that mobile-restaurant front. It’s a relatively simple prospect: Select food. Order food. Eat and pay for the food (the process depends on the type of restaurant, of course). Happy Thanksgiving , by the way!). Getting Past Hype. food culture.

P2P 69

P2P Push-to-Card Account Takeovers Fraud Prevention 69

PYMNTS

NOVEMBER 17, 2020

This number significantly increased during the same period in 2019, with the association identifying 57,549 instances of APP fraud that hit £208 million ($268 million) in losses. The number of real-time payments has risen dramatically in recent years, and APP fraud has grown alongside it. APP Fraud Ramps Up. APP Fraud Ramps Up.

Scams 89

Scams Account Takeovers Federal Trade Commission Real Time Payments 89

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. 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

JUNE 3, 2020

Another B2B transaction pain point is corporate credit cards, which often rely on legacy software and tedious paperwork to conduct and verify their use. Another B2B transaction pain point is corporate credit cards, which often rely on legacy software and tedious paperwork to conduct and verify their use.

Real Time Payments 75

Real Time Payments API B2B MFA 75

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 17, 2020

The move pushes Visa ever further away from cards and toward its goal of becoming, as management has often described it, a “network of networks.”. Separately, in a deal tied to a “blank check” company, Far Point said it had struck a $2.6 percent for the entirety of 2019. branded cards business grew by 10 percent.

Push-to-Card 53

Push-to-Card Payment APIs and Integration Credit Cards Payments 53

PYMNTS

MARCH 12, 2020

And according to Jennifer Schroeder, executive vice president of product management at PULSE, prepaid and payroll cards are proving increasingly popular among forward-thinking employers. Debit also maintains advantages over checks and other payment options — especially in eCommerce — due to enhanced, improving and tech-driven security.

Payroll 61

Payroll Issuers Push-to-Card Debit Transaction 61

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. At the start of 2019, Chime reports roughly two million active bank accounts on its platform.

Debit Card 64

Debit Card Push-to-Card Funds Availability Payroll 64

PYMNTS

JUNE 24, 2020

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. Paper checks also create wait times that may not be feasible for policyholders, especially as emphasis shifts toward giving them options in how they receive their funds.

ACH 60

ACH Checks Payments Bank Routing Number 60

PYMNTS

MARCH 21, 2019

Large providers, drug manufacturers and insurance firms have big innovations that are moving them away from checks. That’s not such good news on the business-to-consumer (B2C) or business-to-small-and-medium-sized-business (B2SMB) front, where checks still, more or less, dominate the landscape.

Instant Payments 60

Instant Payments Innovation Payments Visa 60

PYMNTS

OCTOBER 20, 2020

That, according to the release, has the effect of avoiding credit card processing fees laid at the feet of the vendors. In addition, the company automates sending paper checks and provides “easy access" to relevant payment details and supporting documents, the release says. Vendors are your partners, not your enemies.”.

Alternative Payment Methods 57

Alternative Payment Methods Push-to-Card ACH Credit Cards 57

PYMNTS

DECEMBER 23, 2019

This year, 2019, the average American will spend three hours and 43 minutes per day on mobile devices, just ahead of the three hours and 35 minutes spent watching television. Something remarkable happened about halfway through the 2010s or at least something that ought to have been. Americans stopped talking to each other. Even better.

Online and Mobile Banking 52

Online and Mobile Banking Cybersecurity Best Practices Economy 52

PYMNTS

FEBRUARY 27, 2019

There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. What consumers don’t want is the paper check. But data shows that what consumers increasingly do want is money pushed to them via the alias known as the debit card. on a scale of 100.

Consumer 53

Consumer Debit Card Push-to-Card On-Demand 53

FICO

OCTOBER 20, 2020

The UK is home to the most sophisticated Authorized Push Payment (APP) scams in the world. In 2019, banks’ losses of £456 million nearly equaled the £470 million attributed to card not present (CNP) fraud. Now, in 2020, APP scams are expected to eclipse card fraud, fueled by niche schemes related to the COVID-19 pandemic.

Scams 52

Scams Irrevocable Payment Push-to-Card Irrevocability 52

PYMNTS

APRIL 18, 2019

Now, Wave’s small business customers can access their sales instantly, using Visa Direct rails and their debit cards. “When do you want to get paid?” It’s a basic question that — when posed to anyone, particularly, a small business (SMB) — most always has the same answer, no matter who one asks or within what industry: now.

Debit Card 90

Debit Card Small Business Push-to-Card Instant Payments 90

PYMNTS

DECEMBER 24, 2020

If there was a defining trend for payments in 2020, or a trend that gained the most traction compared to 2019, it was buy now, pay later (BNPL). Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. PYMNTS research shows 11.5

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

PYMNTS

JANUARY 1, 2021

The folks who are viewing the videos, when their behaviors compared to the others, we’re seeing they are buying more assets, we’re seeing deeper penetration in certain products like credit cards — that is kind of the proof point there that says, ‘OK, well, we’re onto something here.’”. Restoring Cash Flow…With Cards.

B2B 103

B2B Push-to-Card Online and Mobile Banking Returns 103

PYMNTS

JANUARY 3, 2020

It seems extra crazy for the education market, considering that the people taking out and paying off college loans today don’t rely much on checks and don’t see paper in their future – in fact, they don’t even see it in their present. In Q3 2019, credit card issuer JCB International Co., Tuition Goes to Grad School.

Faster Payments 52

Faster Payments Payment APIs and Integration Payments Push-to-Card 52

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. In the filing, known as an 8-K, Goldman said it would commence with the new reporting with its fourth quarter 2019 results. billion for the quarter that ended Sept.

Consumer 53

Consumer Push-to-Card Credit Cards Continuity 53

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. In the filing, known as an 8-K, Goldman said it would commence with the new reporting with its fourth quarter 2019 results. billion for the quarter that ended Sept.

Consumer 52

Consumer Push-to-Card Credit Cards Continuity 52

FICO

DECEMBER 10, 2020

These and other milestones have come to pass, pushing enterprise-scale AI solidly into the “early adoption” phase, as defined by “Chasm” author Geoffrey Moore. Last year I predicted that artificial intelligence (AI) would grow up , with major infrastructure developing around Responsible AI , AI advocacy and AI governance.

AI 98

AI Fraud Detection Payment APIs and Integration On-Demand 98

PYMNTS

JANUARY 8, 2020

As the new year takes shape, the latest test in the push and pull of various stakeholders can be found in India. The stated goal has been to boost digital payments, especially transactions across RuPay cards, which are domestically issued by the National Payments Corporation of India (NPCI). Anticipating The Reaction.

Debit Card 52

Debit Card Push-to-Card Caps Laws 52

PYMNTS

FEBRUARY 5, 2020

And while consumers were certainly spending at a more than respectable clip during holiday 2019, the ways they were spending began showing some notable changes, particularly among younger shoppers. in the last 18 months, reported a particularly robust 2019 holiday season, seeing $160 million in sales from Black Friday and Cyber Monday alone.

Consumer 57

Consumer BNPL Credit Cards Push-to-Card 57

PYMNTS

SEPTEMBER 5, 2019

As workers themselves get more attached to receiving instant payments, card networks and institutions like The Clearing House (TCH) and the Federal Reserve are all searching for ways to further innovate payments and disbursements. Nearly 40 percent of U.S. Nearly 40 percent of U.S. Around the Disbursements World.

AI 62

AI Instant Payments Federal Reserve Economy 62

PYMNTS

SEPTEMBER 4, 2018

What does the future hold for the plastic payment card? Will it go the way of the check — still in use, but seemingly out-of-date, as more consumers use mobile devices for transactions? Or will cards with cutting-edge technology win more loyalty from shoppers? The main message he offered?

Chip Cards 44

Chip Cards CHIPS Push-to-Card Payments 44

PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. billion in losses in 2019, according to a recent study, although it has declined from $20 billion in 2013. Fraud Threats To Digital Banking.

Account Takeovers 82

Account Takeovers Database Authentication Crime 82

PYMNTS

JANUARY 1, 2021

Many consumers were still facing pandemic-related financial strains going in to the holidays, making flexible payment options all the more important as they began buying gifts. I think, when you’re spending close to $200, BNPL can make it more palatable and make the items more accessible,” Demsky said. “We Digital-First Banking. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

AUGUST 21, 2019

International B2B payments are in the crosshairs of many a firm eager to seize the opportunity to move the trillions of dollars that cross borders away from checks. Leavitt noted that the industry’s efforts to replace checks and wire transfers must take into account a traditional pain point for international payments.

Commercial Card 58

Commercial Card B2B Cross-Border Push-to-Card 58

CB Insights

AUGUST 23, 2018

This trend towards digitization is already starting to play out as fintechs circumvent banking licenses by partnering with issuing banks to offer checking account-like products. JPM’s digital push, a theme it refers to as “Mobile First, Digital Everything,” is showing positive early results. First Name.

Consumer 76

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

FICO

NOVEMBER 19, 2020

Our UK card data suggest that many people are becoming more prudent and reducing their card balances, but those who can’t reduce their card use are increasingly struggling. Cash usage on cards has also increased month on month. Spend on UK Cards Increases Marginally. percent above September 2019.

Push-to-Card 52

Push-to-Card Issuers Credit Cards Card Issuer 52

PYMNTS

DECEMBER 24, 2020

A global pandemic that all but shut down the worldwide travel business for months wasn’t enough to stop this IPO from getting off the ground. The stock then soared 112.8 percent to end its first trading day to close at $144.71. With revenues collapsing, the company borrowed $2 billion and laid off 1,900 employees just to stay alive.

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

PYMNTS

DECEMBER 29, 2020

Consumers looking to reduce the spread of disease by avoiding public spaces have opted to delay optional treatments while government-led containment efforts required elective surgery providers to push off procedures, both of which have reduced income for some providers. per claim, with each taking six minutes to process.

Procedures 52

Procedures Checks Digital Payments Processors 52