PYMNTS

APRIL 28, 2020

These shifts have made digital banking and debit transactions more important than ever. FIs need to adjust their offerings accordingly to suit consumers’ new needs. The Next-Gen Debit Tracker® explores how the COVID-19 outbreak is impacting commerce and banking, as well as accelerating uptake of digital services and payment tools.

Online and Mobile Banking 95

Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

The Payments Association

OCTOBER 28, 2024

This has led to a noticeable uptick in card-related fraud, especially in remote purchases, where criminals use stolen card details for online transactions. While banks and payment providers are making strides in fraud detection and prevention, the report stresses the need for more robust collaboration with technology and telecom sectors.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

PYMNTS

OCTOBER 6, 2020

5), J.P.Morgan CEO Jamie Dimon said banks that don’t adapt in how they deal with customers will go the way of the dinosaurs. Banks are good at creating pain points by making customers sign several forms and documents, Dimon told Sibos attendees. “We We’re a mobile app, and that’s how we deliver our services.”. On Monday (Oct.

Online and Mobile Banking 102

Online and Mobile Banking ATM Mobile Banking Ubiquitous 102

Stax

APRIL 17, 2025

Its the central hub for businesses to complete purchases, whether in-store or online. Some retailers may use a mobile device, such as an iPad or Android device, as their POS instead of a computer. Some systems allow the cashier to scan the item using their mobile devices. For online stores, this step is a bit different.

Online and Mobile Banking 88

Online and Mobile Banking CRM Point-of-Sale (POS) Debit Card 88

The Payments Association

JUNE 3, 2025

Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments. From Asia to the Caribbean and Europe, central banks are grappling with how to digitise public money while preserving trust, utility, and sovereignty.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

PYMNTS

APRIL 29, 2020

The COVID-19 pandemic has prompted traditional banks to take fresh looks at their digital initiatives and has given digital-only banks the opportunity to learn about the advantages and hurdles of serving customers primarily through online and mobile channels. Building Trust Between Banks and Consumers Online.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

PYMNTS

DECEMBER 30, 2020

The banking industry is hardly exempt from the disruption as social distancing and stay-at-home orders have all but emptied physical bank branches to mitigate potential contagion. How 2020 Impacted Digital-First Banking. Bank branches are also closing faster than ever before.

Online and Mobile Banking 96

Online and Mobile Banking Void Mobile Banking On-Demand 96

Clearly Payments

MAY 22, 2025

Authorization An authorization is a request to the cardholders bank to approve a charge. Acquirer (Acquiring Bank) The bank or processor that works with the merchant. Issuer (Issuing Bank) The issuing bank is the bank that gave the customer their credit or debit card.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Processors ACH 52

PYMNTS

APRIL 23, 2020

Branch visits are vital to customers’ financial lifestyles, despite mobile and online banking’s growing popularity. One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets.

Online and Mobile Banking 90

Online and Mobile Banking Remote Deposit Capture Small Business ATM 90

Fintech News

MAY 21, 2024

Interest rates for savings accounts have become a prominent topic in recent years, driven by changing central bank policies and increasing inflation. In Singapore, banks have adjusted their offerings to attract customers by offering more competitive interest rates. inclusive of the prevailing interest rate of 0.05% p.a.)

Accounts 120

Accounts Multi-Currency Online and Mobile Banking Credit Cards 120

PYMNTS

FEBRUARY 6, 2019

Bank of America announced on Wednesday (Feb. In a press release , Bank of America said the new dashboard is available to business banking customers, giving them a view of their cash flow. Bank of America is rolling out the service to help its more than nine million small businesses customers.

Online and Mobile Banking 72

Online and Mobile Banking Small Business Adjustments Payroll 72

PYMNTS

APRIL 24, 2020

Some banks have shuttered their branches during the pandemic and are relying on digital or mobile channels to fulfill customer needs, but others do not have that option. Banks are altering their customer interaction approaches to take precautions against further spreading COVID-19 while maintaining sound customer service practices.

Technology 99

Technology ATM Online and Mobile Banking Credit Union 99

Fintech Finance

MARCH 13, 2025

” Recent research commissioned by Ecommpay revealed that just half of online retailers offer customers checkout in their local currency, potentially limiting conversion rates. The checkout should also be accessible and user-friendly for all, including those with disabilities and those using mobile or desktop devices.”

Online and Mobile Banking 59

Online and Mobile Banking Risk Mitigation Regulatory Compliance Mitigation 59

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. Radius Bank: How FIs Can Respond To The Pandemic-Driven Surge In Debit Fraud Threats. The report noted that U.S.

Debit Card 62

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

The Payments Association

APRIL 29, 2025

Meet Fyrah; she is this new Banking Consciousness, an AI committed to improving your finances and life, all under your approval. Banking-as-a-consciousness: Your banking future Picture a retail banking environment where your financial partner isnt a frequently updated mobile application or an intimidating brick-and-mortar institution.

Online and Mobile Banking 88

Online and Mobile Banking AI Finance Mitigation 88

The Payments Association

APRIL 22, 2025

Drawing on comprehensive data from the 14 largest banking groups in Great Britain and Northern Ireland, the insights provide an in-depth examination of the tactics fraudsters use, the platforms they exploit, and the devastating impact these scams have on victims. Whilst scam values decreased overall, rates and losses remain substantial.

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

PYMNTS

FEBRUARY 13, 2020

To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. That’s a challenge, as banks have traditionally plied their trade through face-to-face interactions. Looking At Open Banking. Open Banking is taking root in the U.S.

Online and Mobile Banking 92

Online and Mobile Banking Venmo Direct Deposit Deposit Account 92

PYMNTS

DECEMBER 29, 2020

The pandemic has led to massive changes for banks, which have had to radically adjust their operations despite generally being deemed essential businesses. One FI navigating pandemic-related challenges is Massachusetts-based Avidia Bank , which was founded in 2007 and currently has $1.9 Online innovations .

Online and Mobile Banking 78

Online and Mobile Banking Credit Union Authentication Mobile Banking 78

PYMNTS

JULY 16, 2020

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. However, the bank nonetheless built up an extra $4 billion in reserves during the period to cover any future credit losses. billion previously.

Online and Mobile Banking 57

Online and Mobile Banking Zelle Debit Card Mobile Banking 57

PYMNTS

SEPTEMBER 23, 2020

Piatt noted that FIs have come up with a variety of solutions, like beefing up call centers or creating drive-thru-only banking services. And FIs want to help consumers spend money in the places where they want to spend money — which, in the wake of COVID-19 — is largely online. Simple: Start with the cards.

Online and Mobile Banking 113

Online and Mobile Banking Push-to-Card Point-of-Sale (POS) Debit Card 113

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard. Mobile security on the move.

EMV 76

EMV Security CHIPS Online and Mobile Banking 76

EBizCharge

JUNE 16, 2025

8 common features of enterprise merchant services Merchant accounts are specific types of bank accounts that allow enterprise merchants to accept credit, debit, Automated Clearing House (ACH)/eCheck, and other payments. This account holds funds from sales until they’re deposited into a business’s primary bank account.

Payment APIs and Integration 52

Payment APIs and Integration Online and Mobile Banking Volume Transactions 52

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. FinTechs Flourishing.

Online and Mobile Banking 67

Online and Mobile Banking Regs Regulations Cross-Border 67

PYMNTS

AUGUST 10, 2017

The People’s Bank of China (PBoC) has ordered all online payment companies to channel mobile payments through a new clearing house by next June, which could have an impact on the dominance of Ant Financial and Tencent. China is the world leader in mobile payments, with transaction volumes rising last year to Rmb59tn ($8.8tn).

Central Bank 40

Central Bank Online and Mobile Banking Request for Comment Mobile Payments 40

PYMNTS

APRIL 30, 2020

The coronavirus pandemic has consumers around the world turning to digital devices to access banking services. The new surge in demand is putting financial institutions’ (FIs’) online and mobile offerings to the test and allowing FIs to show off their digital investments and know-how to assure customers that they are in good hands.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card Mobile Banking Adjustments 60

Clearly Payments

DECEMBER 18, 2023

The Continued Surge of Contactless Payments Contactless payments , facilitated by tap-to-pay cards, mobile wallets , and wearable devices, are set to maintain their upward trajectory. In 2024, they are anticipated to be used for over 40% of all online transactions in the U.S.

Payments Trends 102

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

PYMNTS

OCTOBER 5, 2020

Venmo , the mobile payment service owned by PayPal , announced Monday (Oct. Adjusted earnings per share came in at $1.07 5) it has introduced its first-ever credit card issued by Synchrony and powered by the Visa network, according to a press release emailed to PYMNTS. In July, PayPal reported a record second quarter. billion ($1.29

Venmo 90

Venmo Credit Cards PayPal Online and Mobile Banking 90

Clearly Payments

OCTOBER 7, 2024

As of 2024, it is clear that the changes initiated during the pandemic are not just temporary adjustments but enduring shifts that continue to define the industry’s trajectory. Consumers quickly embraced mobile wallets and tap-to-pay cards, driven by the desire to minimize physical contact during transactions.

Cross-Border 105

Cross-Border Processors Contactless Payments Multi-Currency 105

PYMNTS

JULY 21, 2020

Starbucks Now,” a Starbucks app feature that allows customers to order from their mobile phone and pick it up in-store, will now be available on four Alibaba platforms, including local services such as the Koubei app and Alipay, the digital payment app. the global technology company specializing in eCommerce, Reuters reported.

Digital Currency 60

Digital Currency CBDC Central Bank Adjustments 60

Fintech News

OCTOBER 23, 2024

OpenWay , a payment technology provider, has collected insights from omnichannel players that use its Way4 acquiring software platform – Nexi, Shift4, Halyk Bank, SmartPay, Banesco, Equity Bank Kenya, and others. What does it take for acquirers to make their offering truly omnichannel?

Acquirers 116

Acquirers C2B Online and Mobile Banking Risk Assessment 116

Fintech News

APRIL 17, 2024

The platform’s user-friendly mobile app and commitment to investor education through its engaging content make it an attractive choice for those looking to embark on their investment journey. #2 UTrade Robo’s user-friendly mobile app makes portfolio monitoring and management a breeze.

Advisors 126

Advisors Online and Mobile Banking Risk Returns 126

Fintech News

MAY 16, 2024

Consumers are increasingly looking for more flexible, affordable, and personalised insurance products available online or through mobile apps. The company has been at the forefront of digital innovation, providing online platforms for customers to easily purchase and manage their insurance policies.

Online and Mobile Banking 116

Online and Mobile Banking Innovation Blockchain Fraud Detection 116

PYMNTS

JULY 24, 2020

The way banks and their customers are coping with the new realities brought on by the COVID-19 pandemic could be a bellwether for the future of the financial industry. Online banking currently ranks as the most commonly utilized form of banking, followed by mobile banking, according to a recent study.

Online and Mobile Banking 58

Online and Mobile Banking On-Demand ATM Adjustments 58

Payment Savvy

JULY 12, 2024

Online payments’ convenience and speed can boost customer satisfaction and streamline operations. Accepting online payments without incurring fees may sound appealing, but it’s not feasible. In the evolving world of small businesses, efficient payment processing is crucial. Why Free Payment Processing?

Debit Card 52

Debit Card Online and Mobile Banking Zelle Payments 52

Fintech News

JUNE 20, 2024

OpenWay , a provider of digital payments technology to banks, processors, national payment switches, and mobile wallet operators, found that clients are recognising the benefits of AI. To overcome those barriers, Gen AI needs a payment processing platform with powerful data management and a 24/7 online front- and back-office.

Use Case 125

Use Case AI Multi-Currency Payments 125

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. Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

EBizCharge

MARCH 3, 2025

With increasing reliance on online transactions, understanding how to streamline payment solutions has never been more essential. Four popular payment methods include: Customer payment portals: Acumatica payment integrations allow businesses to set up self-service payment portals where customers can securely pay invoices online.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52