Fintech News

SEPTEMBER 17, 2024

It also explores the increasing adoption of real-time payments, which many countries are embracing as a more efficient and cost-effective alternative to traditional card payments. It notes that rising card fees costs in the region have significantly impacted merchants’ acceptance costs, prompting regulatory action in various markets.

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APACS Regulations Caps Real Time Payments 108

PYMNTS

APRIL 23, 2019

In technology, especially when it comes to consumer-focused technology, Apple is viewed as a disruptive force. The digital card will be linked to Apple Pay. Apple Card is set to be available starting this summer. The duality of physical and digital cards seems to have sparked at least some mulling from other firms.

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Issuers Credit Cards Payments Card Issuer 80

PYMNTS

MAY 18, 2020

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. The average debit card purchase amount rose 19.9 percent jump in debit card spend for the week ending May 10.

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

FEBRUARY 1, 2021

Namely, it will continue to be a favored payment method among consumers. To get a sense of the update, at least as seen in data from reports tied to the December quarter, the card networks showed pent-up demand to spend – and though cross-border activity was down double digits, there were notable bright spots.

Issuers 82

Issuers Debit Card BNPL Point-of-Sale (POS) 82

Fintech News

MAY 23, 2024

Following last year’s major bank collapses — like First Republic Bank and Silicon Valley Bank in the US , and Credit Suisse in Switzerland — consumer confidence in banks has waned. It concentrates on individual and corporate clients, credit card services, and small and medium enterprises.

Online and Mobile Banking 132

Online and Mobile Banking Treasury Non-Bank Credit Cards 132

PYMNTS

JANUARY 14, 2021

“This year’s holiday shopping season was dramatically different from prior years as the COVID- 19 pandemic continues to impact and shift consumer behavior,” Glynn Frechette , senior vice president, Advisors Plus at PSCU, said in the announcement. 27 in the retail goods space among the organization’s owner credit unions were up 26.2

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

APRIL 30, 2018

Today’s stories include a discussion about how India could go from credit card laggard to having one of the most sophisticated payments systems in the world, the outlook for initial coin offerings (ICOs), a development in augmented reality (AR) retail and news about growth in ACH debit and credit transactions.

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Same Day ACH ACH NACHA PayPal 41

Finovate

MARCH 20, 2024

The new feature works with firms’ existing debit and credit programs and allows consumers to select up to five historical transactions to move into a BNPL payment plan. based Curve’s Flex feature that allows customers to move transactions into a installment repayment plans. Curve, a U.K.-based

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Posting BNPL Debit Card Credit Cards 52

PYMNTS

JANUARY 30, 2020

Drilling down into the payments volume, and as shown in supplemental materials from the company, total credit transaction volumes were $1.3 The total transaction count was up 10 percent to 54.8 He also noted that the company had been selected for the Venmo co-branded credit card. Tap To Pay. “In

Contactless Payments 91

Contactless Payments Transactions Cross-Border Volume 91

Electronic Payments Coalition

MARCH 26, 2024

credit card interchange rates for at least a five-year period as part of a legal settlement with merchants. issued consumer credit and commercial credit transactions at U.S. These rules will maintain core consumer protections and transparency, replacing standards that had been updated in 2012.

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. This includes credit card payments, debit cards, and other payment options that require a merchant account to process payments, such as eChecks and ACH.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

PYMNTS

JULY 2, 2017

Visa, the credit card company, and Interswitch, Africa’s integrated payments and transaction solutions company, announced news on Friday (June 30) that they will partner to accelerate mobile payments adoption across the region. It can also be used to enable consumers who use different mobile phones and services to interact. .

Mobile Payments 46

Mobile Payments Enrollments Payments Interoperability 46

Fintech Finance

DECEMBER 13, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online[1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. This is the percentage of payments made through P2P transactions using same-day payments. 13 percent.

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

Neopay

DECEMBER 18, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online [1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

Cross-Border 52

Cross-Border Caps Regulations Visa 52

PYMNTS

OCTOBER 30, 2018

Strength in global consumer spending — along with double-digit cross-border gains and traction in B2B payments — marked third-quarter Mastercard results released Tuesday (Oct. The company said that gross dollar volume, which is the total dollar volume of transactions processed, reached $1.4 and beyond. billion, up more than 14.7

B2B 71

B2B Visa Cross-Border Volume 71

Fi911

AUGUST 31, 2023

TILA is a federal law designed to promote the informed use of consumer credit by requiring disclosures about terms and cost. It aims to give consumers a more precise understanding of what they are agreeing to before signing on the dotted line. Standardization lets consumers compare loan terms on equal footing.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Online and Mobile Banking Risk Mitigation Non-Bank 52

M2P Fintech

MARCH 28, 2024

Co-branded Credit Cards A co-branded credit card is a cred it card issued by a joint effort between a bank and another non-financial brands or merchants. Consumer Lending Consumer lending refers to the financial category focused on providing individuals and households with loans for various personal needs.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

PYMNTS

DECEMBER 21, 2016

There was a time when data breaches were not a daily part of consumers’ day-to-day lives. Sure, credit cards got stolen or skimmed from time to time — but such occurrences were comparatively rare. The big nervousness that consumers have is related to the downside of the debit plus PIN compromise. “The What happened?

Breach 52

Breach EMV Compromise Push-to-Card 52

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

CFPB 40

CFPB Push-to-Card Rules Deposit Account 40

PYMNTS

OCTOBER 25, 2019

Within that figure, debit payments were up 11 percent in constant dollars to $1 trillion, while credit transactions were up 7 percent to $1.2 Total transactions and processed transactions were both up 11 percent to a respective 53.2 Cards in the field, so to speak, were up 4 percent year on year to 3.4

Volume 42

Volume B2B Cross-Border Point-of-Sale (POS) 42

PYMNTS

APRIL 21, 2017

Visa, reporting fiscal second quarter results on the heels of two major changes in structure and at the helm — the first through the acquisition of Visa Europe and the latter through the two-quarters-old tenure of Al Kelly as CEO — showed growth across all major business lines as consumer spending continued on a robust path.

Debit Card 40

Debit Card Cross-Border Payments Push-to-Card Cross-Border 40

PYMNTS

JANUARY 31, 2017

the company said, total volumes stood at $388 million, up from $378 million a year ago and bifurcated between $199 million in debit transactions and the remainder in credit transactions. economy, marked as it is by low unemployment and relatively strong consumer spending. Within the U.S.,

Visa 40

Visa Cross-Border Volume Debit Transaction 40

PYMNTS

FEBRUARY 2, 2018

trillion, as measured on a constant dollar basis — up on consumer credit and higher holiday spending — and where the United States was about 43 percent of that tally. Total processed transactions were up 12 percent to 30.5 billion, and debit and credit transactions were up as well. Revenue was $4.9

EMV 40

EMV Volume Cross-Border Debit Transaction 40

Nanonets

JULY 24, 2024

If the percentage is high, buyers pay their credit card vendors on time. A low percentage suggests a pattern of late or nonpayment to vendors for credit transactions. Additionally, AP automation can help businesses keep track of spending, as all transactions will be recorded in one place. Enter Nanonets.

Accounts 52

Accounts Automation Transactions Process 52

Clearly Payments

FEBRUARY 8, 2024

The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

PYMNTS

SEPTEMBER 22, 2020

Credit cards were rarely issued to women directly: A woman’s card was generally issued as a rider on her husband’s, and it was nearly impossible for women to secure cards and loans without male consignors. The ECOA changed this by specifically banning it.

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Credit Cards Laws Social Security Legal 140