PYMNTS

JUNE 6, 2019

In the latest Disbursements Tracker , PYMNTS explores how banks and card providers are approaching payment innovations to keep pace with consumer demand, and to better protect against fraudsters. Amazon is also pushing into the region, relying on India’s Unified Payments Interface (UPI) to enhance P2P payments through Amazon Pay.

Security 64

Security Real Time Payments Federal Reserve Push-to-Card 64

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

NOVEMBER 1, 2018

To purchase items at the store, consumers download an app called beePay, which connects to their credit cards or the company’s mobile payments wallet. To purchase items at the store, consumers download an app called beePay, which connects to their credit cards or the company’s mobile payments wallet.

Push-to-Card 60

Push-to-Card On-Demand Mobile Payments Consumer 60

PYMNTS

MAY 4, 2017

With all the new payment innovations on the scene, it seems like the paper check is the party guest that failed to RSVP and refuses to leave. These options include digital wallets, prepaid cards, debit card deposits — and yes, the practically prehistoric paper check. Time to Cash Out the Check…For Good?

Innovation 44

Innovation Push-to-Card Payments Checks 44

PYMNTS

SEPTEMBER 6, 2019

Australia, Malaysia, Thailand and the United Kingdom are just a handful of nations that are exploring the benefits, ranging from opt-in programs designed to help citizens access financial and governmental services to compulsory ID solutions meant to serve as virtual ID cards. Inside Australia’s Push For Safe And Trusted Digital IDs.

Authentication 71

Authentication Online and Mobile Banking Verification Governance 71

PYMNTS

OCTOBER 8, 2019

Reliance on outdated practices — including paper checks, manual data entry and payment processing, and even fax machines and snail mail — creates major speed bumps, and introduces opportunities for human error. Accounts payable (AP) departments all too often employ inefficient processes that slow down workflows, and delay supplier payments.

Automation 54

Automation Same Day ACH Wire Transfer Push-to-Card 54

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. To read more about these and other news items, download the Tracker. Nearly 40 percent of U.S.

AI 62

AI Instant Payments Federal Reserve Economy 62

PYMNTS

OCTOBER 15, 2020

Consumers want information in the digital-first economy – actually, they wanted it yesterday. As new PYMNTS data show, they want to know about everything from shipping dates to available inventory to pricing to the exact time their package is being delivered curbside. And if they don’t get that information, they’ll be off to the nearest competitor.

Push-to-Card 75

Push-to-Card Technology Economy Consumer 75

PYMNTS

AUGUST 20, 2019

Subscription Push. Face measurements and purchases happen via a mobile app that consumers download. Face measurements and purchases happen via a mobile app that consumers download. “We We wanted the entire purchase process to be under five minutes from the time of downloading the app to placing the order,” he said.

Push-to-Card 61

Push-to-Card Debit Card Credit Cards Process 61

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

NOVEMBER 10, 2017

For years, personal trainers have relied on old-school equipment like pen, paper and, yes, checks to stay organized, get paid and generally keep their professional lives fit. In an effort to offer rideshare workers faster access to their wages, First Data recently launched a new solution that delivers the money directly onto a debit card.

Direct Deposit 40

Direct Deposit Debit Card Push-to-Card Payments 40

The Fintech Times

SEPTEMBER 23, 2024

As global interconnectedness accelerates, the demand for technological innovation is at an all-time high, pushing industries to adopt digital strategies to remain competitive in a fast-paced environment. By embracing the technology, employers can reduce manual input while boosting compliance by automatically checking payments at scale.

AI 59

AI Payment APIs and Integration On-Demand Push-to-Card 59

CB Insights

OCTOBER 9, 2018

Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Cashier-less technology is one of the latest trends to dominate conversation. Get the entire 54-page retail report. Companies to watch. Public companies.

Technology 71

Technology Automation Product Push-to-Card 71

PYMNTS

SEPTEMBER 12, 2018

Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Facebook recently asked banks to share consumer information like checking account balances and card transactions.

Security 55

Security Online and Mobile Banking Authentication Breach 55

PYMNTS

SEPTEMBER 2, 2016

Frugal consumers have been pushed away from traditional financial institutions by interest rates that have dropped into negative territory, and they are increasingly keeping large sums such as pension plan payouts in cash inside their homes. To download the PYMNTS.com Global Cash Index™, click below…. About the Index.

Consumer 40

Consumer Push-to-Card ATM Checks 40

PYMNTS

DECEMBER 13, 2019

We do a deep dive on PayPal and the tech visions of Sam’s Club, and have new and original research into mobile card apps — along with many other stories. Visa has added a new partner in its quest to simplify, digitize and drive costs down in the global remittances space with its real-time push payments platform Visa Direct.

P2P 52

P2P Consumer Financial Protection Bureau (CFPB) CFPB PayPal 52

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. Our survey showed a positive outlook for banks and card issuers investing and innovating significantly in the digital space. When Fraud Controls Cause Irritation .

Fraud Prevention 59

Fraud Prevention Scams Online and Mobile Banking Account Takeovers 59

PYMNTS

OCTOBER 29, 2020

Paper checks have long been a mainstay of corporate payments, with 42 percent of companies reportedly using checks to pay vendors in 2019. Employers have been working to improve how they pay both full-time and gig workers, and some are finding that the traditional emphasis on paper checks and direct deposits are not going far enough.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

FEBRUARY 19, 2018

The newest PYMNTS eBook is full of expert insight into the future of B2B payments, from commercial cards to accounts receivable. That means continuing to break away from paper checks, which, the executive noted, still make up about half of B2B transactions, according to the Association for Financial Professionals.

B2B 40

B2B B2C Push-to-Card Commercial Card 40

FICO

JANUARY 31, 2019

Payment Service Providers are pushing to implement their PSD2 Strong Customer Authentication (SCA) solutions ready for the September deadline. Customers Don’t See the Need for More Checks. Across all countries surveyed, most respondents think there are already enough security checks – or even too many checks.

Authentication 40

Authentication Consumer Online and Mobile Banking Push-to-Card 40

PYMNTS

JUNE 2, 2017

The insurance company is working with new technology that can speed up the claim and payout processes, eliminating checks and allowing claimants to receive payments on their claims quicker— after a car accident or incident at home. Cirrincione and her team, however, are working to change that. Riding the rails.

Debit Card 41

Debit Card Push-to-Card Settlement Processors 41

FICO

AUGUST 16, 2022

Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams.

Compromise 52

Compromise Push-to-Card Romance Scams ATM 52

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 40

Scams Irrevocable Payment Push-to-Card Irrevocability 40

PYMNTS

MAY 3, 2017

While there are plenty of tools that make it easier to get money deposited into a bank or debit card account, there aren’t many that make it easier to ask your friends or co-workers to cough up the cash when you pick up the tab after a night out. News from the World of Faster Payments. billion in fares. billion in fares. percent to 25.5

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

PYMNTS

JUNE 12, 2018

At the end of the transaction, they could take out a card and swipe/dip it, they could tap their phone or (in the case of Walmart) could scan a QR code – but 99 percent of the transaction process remained pretty much identical to what it had always been. ” And thus began the era of mobile phone as retail line-buster.

Push-to-Card 46

Push-to-Card Process Consumer Product 46

PYMNTS

JUNE 29, 2017

Whereas mostly a concept only really understood by early adopter and tech enthusiasts a few years ago, these days mobile wallets have gone mainstream enough to feel a bit commonplace to consumers. Merchants are thinking about mobile wallets. Retailers are] seeing it not just as a process to be managed, but as an opportunity.

Push-to-Card 55

Push-to-Card Authentication Security Breach 55

PYMNTS

JULY 11, 2017

Once the claim is processed, policyholders must wait several days for a check to arrive in the mail. The service allows users to file claims through the company’s mobile app, and enables funds to be deposited directly into a traveler’s bank account or sent to a debit card. percent increase from last year. The same AAA report found 3.44

Push-to-Card 40

Push-to-Card Debit Card Online and Mobile Banking Checks 40

PYMNTS

JUNE 3, 2020

during the past two months, for example, and mobile banking app downloads saw a 60 percent jump. The virus’s impact has not been solely responsible for this rush to digital, but it has given the trend a push. The virus’s impact has not been solely responsible for this rush to digital, but it has given the trend a push.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Mobile Banking Volume 52

PYMNTS

JUNE 29, 2018

In one such partnership, wine and spirits retailers Total Wine & More recently announced a collaboration with Forter , a provider of fraud prevention solutions, to help guard against credit and debit card fraud. To read the full story, download this month’s Digital Identity Tracker. Notable Digital ID News.

Authentication 40

Authentication Breach Fraud Prevention Push-to-Card 40

FICO

APRIL 20, 2023

Growth in RTP = Growth in Scams With the global growth of RTP comes the corresponding global growth of authorized push payment fraud (APP fraud) , also widely known as scams. Globally, 38% of consumers are using real-time payments more than 5 times per month, most often to pay another person or a business.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52

PYMNTS

DECEMBER 19, 2016

American consumers check their phones nearly 46 times — or, collectively, 8 billion times — a day, a Deloitte study found last year. Friction because it’s just still too hard to check out on mobile devices.”. Keeping hands off a mobile phone, it appears, is no easy feat. And merchants are no different.

Push-to-Card 50

Push-to-Card Credit Cards Research Consumer 50

CoinRemitter

SEPTEMBER 22, 2023

Smishing and Vishing Smishing (SMS+phishing) is a phishing attack, where attackers trick individuals via text messages and make them click malicious links or download malware into their devices. Such clones may also contain some modifications that may push individuals to submit confidential information. What is a phishing attack?

Phishing 40

Phishing Smishing Credential Scams 40

PYMNTS

JULY 8, 2016

The ubiquity of PIN-less chip cards in the U.S. can be estimated by the fact that over 60 percent of Visa’s chip-based credit and debit cards didn’t require PIN or signature until last year. The massive payment infrastructure overhaul, which came with an estimated $8.65 billion price tag, led U.K that has actually good proposition.”.

EMV 41

EMV Push-to-Card CHIPS Mobile Payments 41

PYMNTS

AUGUST 8, 2018

department, for instance, is in the midst of a push to persuade government employees to eschew PDF in favor of HTML. Users are more likely to download a PDF and continue to refer to it and share it offline,” the U.K. They may not expect the content in the PDF to change and might not check the website to get the latest information.

Governance 40

Governance Government Push-to-Card Authorization 40

PYMNTS

MARCH 10, 2016

Since the change to the Seattle coffee chain’s reward program now rewards customers who spend more per purchase, irrespective of how frequently they go, Travis said that his company is giving out $5 gift cards to publicize its more advantageous loyalty program. And that was just in the past four days.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

PYMNTS

FEBRUARY 10, 2017

PP: At the start of our business, the payment method breakdown was 60 percent credit cards, 30 percent cash and 10 percent Boleto, the last of which is specific to Brazil. PP: At the start of our business, the payment method breakdown was 60 percent credit cards, 30 percent cash and 10 percent Boleto, the last of which is specific to Brazil.

Credit Cards 43

Credit Cards Push-to-Card On-Demand Mobile Payments 43

PYMNTS

JUNE 10, 2019

Stripe rolled out chargeback protection, Apple rolled out its take on sign-in authentication , Mastercard launched an open banking platform and Visa and Western Union paired on a global push to card payments – and those are just the top headlines. Luckily, the Data Dive is here to keep count…. Goodbye, iTunes.

Online and Mobile Banking 49

Online and Mobile Banking Push-to-Card Non-Bank Accounts 49