Finextra

JULY 3, 2025

That means actual funds reside in their account inside your system, not just a link to their card or bank. It simply facilitates transactions by linking to your customers existing financial instruments, like bank accounts or credit/debit cards. Digital wallets, meanwhile, appeal to digitally active, banked customers.

eWallet

The Payments Association

JANUARY 22, 2025

The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. This increased digital dependency has raised the need for secure access and quick and easy identity verification online.

Security

EBizCharge

MARCH 20, 2025

Your provider may ask you to download a package and run an installer or set up online credentials, so following their instructions is essential. and ACH/eChecks for direct bank transfers. Two-factor authentication (2FA): Adds an extra layer of security for account access. Digital wallets (Apple Pay, PayPal, etc.)

Payment Gateways

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

Fintech News

MARCH 25, 2024

Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. The 2023 study, which analyzed malware targeting banking apps, uncovered that 29 malware families targeted 1,800 banking applications across 61 countries last year.

Mobile Banking

PYMNTS

NOVEMBER 24, 2020

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. California-based automaker Tesla is one company that has witnessed the merits of offering 2FA for its car owners.

Authentication

Fintech News

JULY 9, 2024

Major retail banks in Singapore will progressively phase out One-Time Passwords (OTPs) for digital token users over the next three months. Announced by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), this move aims to better protect customers from phishing scams.

Phishing

Stax

JULY 9, 2024

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. All you need to use a digital wallet is a smartphone.

Digital Payments

Segpay

SEPTEMBER 24, 2024

An answer to our pain has been developing over the past few years through paying with bank payments or transactions. This month we wanted to look at the options available, their benefits, and where you can find these pay by bank options. The Pay by Bank Process So how does pay by bank work?

Accounts

The Fintech Times

MAY 17, 2024

Visa Flexible Credential A Visa study found that more than half of card users want the power to access multiple accounts through a single credential. The Visa Flexible Credential will allow a single card product to toggle between payment methods, putting the power of choice in the hands of the consumer.

Product

PYMNTS

FEBRUARY 14, 2019

Amid it all, commerce is going ever digital, online, mobile and always on. Online authentication is only as good as its weakest link. This includes eCommerce, online banking, payments and, of course, all the devices connected through the Internet of Things [IoT]. Only As Good As The Weakest Link.

Authentication

PYMNTS

DECEMBER 10, 2020

The offering, which is now available to owner CUs, provides continuous and smooth payment experiences and lets cardholders keep transacting online even if they don’t have their tangible cards, according to the announcement. 10) announcement.

Credit Union

PYMNTS

SEPTEMBER 24, 2020

In the great digital shift , the mobile device is the point of sale — especially in Asia’s fast-growing markets. The conversation came against a backdrop where online transaction volumes and mobile wallet adoption are increasing. Donlea noted that mobile wallets are designed for consumer and brand loyalty.

APACS

PYMNTS

JANUARY 29, 2018

Starting with mobile wallets. Instead of talking about 2018 as the year mobile wallets will finally ignite tactic, let’s talk instead about why this might be the year they could end up taking a backseat to something else that solves a more important problem for consumers and businesses. That’s not good news.

Online and Mobile Banking

PYMNTS

SEPTEMBER 26, 2016

Gone are the days when bank robbers wore face masks and carried guns and dynamite to get into safes. Earlier this year, cybercriminals stole $81 million from the Bangladeshi central bank, and they also stole the trust that the SWIFT global payments network had built with its 11,000 users.

Online and Mobile Banking

PYMNTS

OCTOBER 26, 2016

Similarly, the continued steady global increase in the use of mobile devices helped fuel the development and release of new tools to security companies, as well as access to richer, deeper user data. Mobile security on the move. But mobile devices offer more than just biometric protection. It’s EMV all over again.

EMV

PYMNTS

JUNE 27, 2017

Changing consumer spending and ever-evolving technological capabilities means that authenticating customers is an always shifting process. Despite demand from both consumers and corporations for a shift, passwords remain the most commonly used authentication credential — but their reign may be about to end.

Authentication

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024. billion by 2024.

Blocks

Fintech Finance

JANUARY 12, 2024

Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets.

Issuers

PYMNTS

JULY 1, 2019

Mobile order-ahead apps are growing more popular by the day, and restaurants are clamoring to get on board. A QSR Magazine study found that 73 percent of diners have used mobile ordering, 63 percent have at least one mobile ordering app on their phones and 35 percent use mobile ordering every time they visit QSRs.

Account Takeovers

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method.

Mobile Payments

PYMNTS

OCTOBER 12, 2018

The world can be a scary place these days, especially for banks. banks, and these attacks are increasing in both frequency and sophistication. Two-thirds of banks and 83 percent of FIs have experimented with the technology already. The Future Of Omnichannel Bank Security.

Security

The Fintech Times

APRIL 23, 2024

As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? They were not able to test banks’ back-end security systems. TSB told Which?

Addressing

The Payments Association

MAY 12, 2025

As digital payments outpace plastic, UK banks must modernise card infrastructure or risk losing relevance to faster, cloud-native challengers. If your bank still measures success in the issue of plastic cards, how will you stay relevant when the next billion cards are nothing more than a token in a wallet? million in compensation(7).

Debit Card

PYMNTS

JULY 13, 2020

This fraud type occurs when bad actors seize control of victims’ bank or online merchant accounts and spend ill-gotten funds, and it is likely to become more frequent until FIs can demonstrate that their defenses are strong enough to deter criminals’ attempts. Understanding ATOs. This method has downsides, however.

Credential

PYMNTS

AUGUST 17, 2017

When it comes to open banking, there’s a clear choice in place: by fiat, which includes formal processes, or by evolution, which would imply letting the market dictate what happens. In an interview with PYMNTS’ Karen Webster, Clayton Weir, co-founder and chief strategy officer of FI.SPAN, revealed the promise and the peril of open banking.

API

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

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He pointed to the recent security breach at Yahoo, in which fraudsters stole login credentials, comprised of email addresses and passwords, for more than 22 million user accounts. About The Tracker.

EMV

PYMNTS

OCTOBER 24, 2016

24) a host of new strategic partnerships to bring online payments capabilities to digital wallets users in the U.S. The agreements will allow Mastercard cardholders to use the mobile wallets to shop online at the hundreds of thousands of merchants around the world where Masterpass is accepted. Mastercard announced today (Oct.

Visa

PYMNTS

OCTOBER 31, 2016

The challenge is authenticating a consumer across a landscape where that individual is actively opening accounts and performing transactions. Who is really in the best position to issue, and authenticate, the digital identity assigned to a consumer? For financial institutions, there’s reason to be concerned over digital identities.

Online and Mobile Banking

PYMNTS

JUNE 10, 2019

The role of trust in the digital economy has become more visible and important, and it’s pretty much a given that few online or mobile-focused companies will scale and succeed without winning the trust of consumers and other participants in their specific ecosystems. The Role Of Trust.

Online and Mobile Banking

PYMNTS

DECEMBER 11, 2019

In today’s top news, policymakers at the European Central Bank (ECB) will meet to discuss the pros and cons of launching their own electronic currency. Also, open banking platform Token.io ECB President Touts Benefits of Central Banks Launching Crypto. Token’s M10 Networks Launches ‘Bank-Grade’ Digital Money Rail.

Central Bank

PYMNTS

SEPTEMBER 4, 2019

In eCommerce and mobile banking, friction is a four-letter word, an interruption and annoyance — even a speed bump — on the path to transactions and getting things done. They want to protect some of their most valuable assets, such as their money and the payment credentials they use when accessing that money.

Online and Mobile Banking

PYMNTS

NOVEMBER 1, 2017

Two years ago, when Samsung Pay entered the mobile payments scene, it did what Apple and Android a year before it had not: It made mobile payment capabilities at the physical point of sale (POS) more or less ubiquitous right out of the gate. But merchants without consumer adoption does not a mobile payments ignition strategy make.

Mobile Payments

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Layers of protection can help authenticate users who should be allowed to transact. It’s unlivable.

Security

PYMNTS

APRIL 14, 2017

The result of that effort is the company’s inaugural DataVisor Online Fraud Report, which analyzed more than 1 billion use4 accounts and 50 million malicious accounts to gain insights into what really makes fraudsters today tick. PYMNTS: What was the motivation behind starting the DataVisor Online Fraud report?

Account Takeovers

Segpay

JUNE 25, 2024

Pay by Bank transactions – also known as Bank Transfers, A2A, or Direct Bank Payments – are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through Open Banking.

Online and Mobile Banking