PYMNTS

JANUARY 21, 2021

For credit unions (CUs), the digital trends that accelerated in 2020 amid the pandemic will gain even further traction this year. The digital trend, she continued, is one that will last and — and one that CUs will have to adopt in order to compete more effectively with banks. The Trend Toward Mobile. Data Analytics.

Credit Union 96

Credit Union Online and Mobile Banking Contactless Payments Use Case 96

PYMNTS

JULY 2, 2020

Driven by COVID-19 fears and stampeding online, consumers overwhelmed many businesses in 2020 that were unprepared for drastic, sudden eCommerce volume. The COVID-19 pandemic has pushed more consumers to make their day-to-day transactions online. especially when it comes to enabling seamless payment experiences.”.

Compliance 89

Compliance Online and Mobile Banking Contactless Payments Regulations 89

PYMNTS

NOVEMBER 13, 2020

QR codes had made some inroads here and there, and yet did not become the go-to repositories of data and information – scannable, naturally, across mobile devices – that some had predicted. But it is the melding of QR codes and payments choice that can serve as rocket fuel. In QR codes becoming more entrenched in U.S.

Contactless Payments 122

Contactless Payments Interoperability PayPal Venmo 122

FICO

AUGUST 24, 2020

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile deposits are so easy!”.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Contactless Payments 52

PYMNTS

DECEMBER 26, 2019

Shorten the timeframe a bit, and it gets (just a bit) easier to see what may be rushing toward us – or what we may be rushing toward — in terms of innovation in-store, online and across all manner of channels. Consumers will want — and will receive — flexible payment options, such as installment plans, at the point of sale.

Real Time Payments 55

Real Time Payments Online and Mobile Banking Payments Contactless Payments 55

PYMNTS

APRIL 24, 2020

Consumers and small- to medium-sized businesses (SMBs) are not just searching for financial partners with online platforms and mobile apps, but rather those offering such tools with greater degrees of efficiency, personalization and support for their specific needs. Neat is one such FinTech. Neat is one such FinTech.

Online and Mobile Banking 82

Online and Mobile Banking Origination AI FinTech 82

Stax

APRIL 18, 2024

According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. What is mobile credit card processing?

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. Instead, they’re now seeking entirely contactless payments in a COVID-19 world.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. Instead, they’re now seeking entirely contactless payments in a COVID-19 world.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 56

PYMNTS

DECEMBER 24, 2020

As the year closes, PYMNTS calls out six payment methods that gained traction and attention, including a take from key executives in each category. 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). Contactless.

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. 23-25, 2020. Apple Pay’s Digital-First Disconnect. Share of U.S.

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

PYMNTS

JULY 23, 2020

While COVID-19 may be a driving force behind more members becoming accustomed to banking online and utilizing new solutions for transactions, it is expected that they will continue to operate in these new channels and with these new products moving forward,” said Denise Stevens, senior vice president, chief product officer at PSCU.

Online and Mobile Banking 60

Online and Mobile Banking Credit Union Push-to-Card Contactless Payments 60

Clearly Payments

MARCH 18, 2024

This dwindling acceptance rate underscores a broader trend towards the adoption of digital payment infrastructure, signaling a paradigm shift in the way commerce is conducted. A study by PYMNTS.com found that 54% of Gen Z shoppers like using contactless payments, while only 22% prefer cash.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

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

JUNE 26, 2020

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

The Fintech Times

FEBRUARY 6, 2025

Financial Hub Casablanca (Ranked globally 56th) Key Economic Development Strategy Maroc Digital 2020 Economic, financial services and fintech overview: According to the 2017 World Bank s Global Findex Report, only 29 per cent of adults had a bank account.

FinTech 59

FinTech Online and Mobile Banking Financial Inclusion Laws 59

PYMNTS

DECEMBER 15, 2020

Scott noted that fewer credit union mergers happened in 2020, largely due to the pandemic. But he said the pandemic is “a catalyst for accelerating digital offerings” — and for transforming the very nature of in-person banking, even though boosting brick-and-mortar efforts might seem counterintuitive in the pandemic’s wake.

Credit Union 74

Credit Union Economy Online and Mobile Banking Contactless Payments 74

PYMNTS

NOVEMBER 30, 2017

When the limit on contactless payments in the U.K. was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. As of 2016, total banknotes in circulation grew by 10 percent to reach £70 billion — the fastest growth in a decade, according to the Bank of England (BoE).

Contactless Payments 66

Contactless Payments Alternative Payment Methods Online and Mobile Banking ATM 66

Clearly Payments

FEBRUARY 18, 2025

For merchants, keeping up with the trends help them ensure a good payment experience. With four out of five smartphone users now opting for mobile payments over traditional cards, businesses that fail to support digital wallets risk losing sales and customer loyalty. United States : As of 2020, approximately 15.85% of U.S.

Online and Mobile Banking 59

Online and Mobile Banking PayPal Contactless Payments Credit Cards 59

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. retailers have digital oversights that leave them vulnerable to attacks.

Debit Card 59

Debit Card Online and Mobile Banking Debit Transaction Issuers 59

PYMNTS

NOVEMBER 2, 2020

on Halloween 2020, we’re confronted with the prospect of a long, strange COVID winter. As PYMNTS noted in the Pandenomics report in early October, “the biggest change of all will likely be the share of consumers shopping for groceries online. Payments Innovation Leads the Way . Our research shows that 85.3

Push-to-Card 82

Push-to-Card Online and Mobile Banking Consumer Processors 82

PYMNTS

JULY 3, 2020

But she added that merchants are coming back online with business models that are somewhat different than what came before. They may want to order online and pick up curbside. SMBs can accommodate that with a host of methods: mobile wallets, contactless cards, QR codes, paying in-store via a mobile app, etc.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

JANUARY 29, 2020

In today’s top payments news, illegal activity involving cryptocurrency is at a record high, U.S. 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. Shady Bitcoin Transactions Hit All-Time High.

Bitcoin 52

Bitcoin Transactions Online and Mobile Banking Cross-Border 52

PYMNTS

JANUARY 12, 2021

But while 80 percent of apps ask for and are typically granted access to users’ geolocation data, most mobile banking applications do not. He said that the growth of online banking and the need to protect personal data makes the banking sector’s failure to use geolocation information almost inexplicable.

Online and Mobile Banking 59

Online and Mobile Banking Addressing Contactless Payments Mobile Banking 59

PYMNTS

MAY 7, 2020

April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. The first quarter of 2020 also saw payment transactions pickup by 20 percent to 1.2 billion and its total payments volume (TPV) increase by roughly $68 billion, a roughly 22 percent year-on-year increase. PayPal added 7.4

PayPal 99

PayPal Transactions Process Venmo 99

Stax

APRIL 18, 2024

For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. Card Network (e.g., Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

PYMNTS

SEPTEMBER 7, 2016

Wearables are becoming the must-have of mobile devices. Analysts attribute this state of affairs to increased use of contactless payments by consumers, the popularity of health and fitness apps and lower prices. Telsyte predicts that almost 40 percent of Australians will be wearing a smart wearable by 2020.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments P2P Credit Cards 40

PYMNTS

APRIL 21, 2020

percent year over year as measured by PSCU for the 13th week of the year (week of March 23, 2020, compared to week of March 25, 2019). Individuals and families will likely tiptoe back into buying large-ticket items like cars, even as dealers start offering online services to spur new vehicle sales and financing. The Shift In Payments.

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

JUNE 26, 2020

The first half of 2020 has been rough on small businesses of all kinds, whether they had to close their doors due to public-health orders or had to relocate their staff to working from home virtually overnight. It’s required lots of on-the-spot innovation as firms had to massively rethink their operations from the ground up.

Small Business 70

Small Business Payments Online and Mobile Banking Contactless Payments 70

PYMNTS

NOVEMBER 15, 2018

Ant Financial Services’ payments partner AlipayHK plans to bring mobile payments to the MTR transportation system in Hong Kong through QR codes after reportedly winning a bid, the South China Morning Post reported. To use the system, customers register their credit cards from partner banks such as Standard Chartered and Mashreq.

Online and Mobile Banking 46

Online and Mobile Banking Contactless Payments Payments Mobile Payments 46

PYMNTS

JANUARY 22, 2021

Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. Merchants handling myriad online orders must quickly and safely process payments, but one recent report found that 83 percent of top U.S. In one 2020 study conducted by PYMNTS, 55 percent of U.S.

Issuers 52

Issuers Debit Card Online and Mobile Banking Scams 52

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. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Stax

NOVEMBER 11, 2024

They are an additional type of payment you can take along with debit card transactions and credit card payments from card networks like Mastercard, Visa, American Express, and Discover. Or mobile wallet payment solutions like Google Pay and Apple Pay. In 2020 there was an average of 1.4

ACH 88

ACH Checks Identity Theft Payments 88

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. Between 2019 and 2020, the number of U.S. What are the Most Common B2B Payment Methods?

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

JANUARY 2, 2017

It was a busy year throughout the world of payments, with plenty of new technology making headlines along the way. As the year opened, our inaugural Faster Payments Tracker™ looked at the looming arrival of the new Same Day ACH. DIGITAL BANKING TRACKER.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

FICO

JANUARY 10, 2023

We heard about taxi and fast-food scams where customers were distracted as large sums were being entered into card machines prior to PIN entry, as well as many variations on authorized push payment fraud. Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market. Read the full post.

Scams 52

Scams Posting Push-to-Card Compromise 52

PYMNTS

JANUARY 17, 2020

The mobile point of sale (mPOS) landscape became more interesting on Jan. Tap to Phone lets sellers with Android phones take contactless payments without the need for additional peripherals or devices. Goldman Launches Mobile App For Marcus — Three Years Later. Visa Tap To Phone Expands POS Acceptance For Retailers.

BNPL 40

BNPL RTP Real Time Payments Online and Mobile Banking 40