Remove 2020 Remove Online and Mobile Banking Remove Zelle
article thumbnail

Banking On A Rough Earnings Season For Banks

PYMNTS

(and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. The last time we had earnings season, stretching from mid-January into the end of February, banks pointed to the continued strength of the U.S. billion using Zelle.

article thumbnail

Q4 Earnings Reports Show Mobile Banking’s Surge

PYMNTS

One common theme amid bank earnings — beyond lofty trading revenues gleaned from Wall Street — has been the increased uptake of mobile banking. Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Fiserv On Why 2020 Is ‘The Year Of P2P’

PYMNTS

The conversation came against a backdrop where, at the end of February, Fiserv said that nearly 600 banks and credit unions (CUs) have joined the turnkey service from Zelle to enable person-to-person (P2P) payment capabilities, and that the number of participants accessing the network via Fiserv has increased ten-fold in 2019 from 2018.

P2P 92
article thumbnail

Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

Digital-First Banking. Banks will need to seriously revamp their in-branch experiences to accommodate the new normal as customers are growing used to the unparalleled convenience and speed that mobile banking has to offer. The year-over-year increase in cross-border online sales was even more dramatic in other regions.

Economy 103
article thumbnail

An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024

Clearly Payments

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

article thumbnail

Connected Devices, Instant Payments, Digital Shift Top This Week’s News

PYMNTS

Customers now anticipate rewards, mobile integration, spend-management offerings — and that transactions that feel immediate and seamless regardless of marketplace or platform. Revolut Likely To Apply For US Bank Charter. Revolut , the European digital bank, is reportedly near applying for a U.S. banking license.

article thumbnail

PayPal And Discover Partner For Rewards, Payments

PYMNTS

Once the accounts are linked, Discover customers can pay for purchases at millions of online stores using PayPal, and instantly redeem any amount of accumulated rewards. . “We In July of 2020, the partnership will expand to allow for Discover card owners to get 5 percent cash back on up to $1,500 purchases if they use PayPal.

PayPal 60