Fintech News

AUGUST 26, 2024

As digital wallets evolve from simple payment tools to comprehensive financial ecosystems, they’re writing a new chapter in the story of money – one that’s distinctly Asian in its origin but global in its implications. With global digital wallet payments projected to reach US$19.6

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PYMNTS

MAY 27, 2020

To that end, said Matt Good , senior vice president and general manager of Elan Advisory Services , the shift to contactless payments is well underway — and the stage is being set for mobile wallets to gain a much wider embrace. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”.

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Contactless Payments Credit Union Point-of-Sale (POS) Online and Mobile Banking 112

Fintech Finance

AUGUST 28, 2024

To enhance its conventional and Islamic banking applications with digital payment capabilities, BankDhofar has implemented the Entrust Digital Card Solution for Tap to Pay services and tokenization enablement – making BankDhofar one of the first banks in Oman to enable Tap to Pay services to its customers.

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PYMNTS

SEPTEMBER 29, 2020

Marqeta , the global card issuing platform, debuted its new Tokenization-as-a-Service (TaaS) product, which allows card issuers to access its tokenization technology, the Oakland, California-based company announced on Tuesday (Sept. It is used to instantly provision cards into a mobile wallet.

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PYMNTS

SEPTEMBER 23, 2020

That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversation. Simple: Start with the cards.

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

PYMNTS

OCTOBER 31, 2019

Seven years ago, when Visa first started working on bringing contactless payments to London’s Mass Transit system, the landscape for tap and go cards looked very different. In Europe, contactless card-based payments have come to dominate face-to-face payments. “In And while the progress in the U.S.

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PYMNTS

MAY 6, 2020

The appeal of contactless payments has skyrocketed since the pandemic hit across the globe. Payment network giants such as Visa and Mastercard said in their most recent earnings reports that contactless payments , especially in face-to-face transactions, surged by double digits year over year.

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Consumer Contactless Payments Push-to-Card Returns 87

PYMNTS

JUNE 6, 2019

has been slower to adopt contactless payments than other parts of the world, Europe in particular. According to payment gateway NMI, just 3 percent of payments in the U.S. don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. However, the U.S. In the U.S.,

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Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. EMV chip card technology had a good two decades or so, beginning in the mid-’90s.

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Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

PYMNTS

AUGUST 14, 2020

It looks like a race is shaping up to determine the future management of General Motors ’ credit card business. However, the Journal cited unnamed sources as saying that the London-based Barclays is also bidding for GM’s card business, while current issuer Capital One is unlikely to let the account go without a fight.

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PYMNTS

NOVEMBER 5, 2019

Visa has released a statement saying Tencent’s announcement that it will support international card schemes in its mobile wallet is “a great step forward” for the payments industry. Visa believes this is a great step forward, both for consumers travelling to China and the overall payments industry.

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PYMNTS

JULY 6, 2020

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . These safety and convenience considerations are pushing more consumers to use — and more merchants to enable — contactless and CNP payments.

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PYMNTS

FEBRUARY 7, 2017

Yet, two years ago, he added, the firm found that, while payments remained important to customers, “they didn’t want it to be one of their core competencies.” There’s a demographic push at work here, too, said Carcillo, which he defined as “millennial consumer groups.”. Data Point Number One: 82 Percent.

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PYMNTS

APRIL 17, 2020

Cashless and Contactless Time To (Finally) Shine . All over the world contactless payments via contactless cards have exploded over the last couple of years — but in the U.S. All over the world contactless payments via contactless cards have exploded over the last couple of years — but in the U.S.

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PYMNTS

JUNE 18, 2020

In a region where 80 percent of transactions are still carried out in cash, penetration remained low, and digital payments remained a tough sale. Critical to bringing digital payments into Latin America in general, and into WhatsApp in specific, is they must be secured via tokenization. Tokens In The Cloud.

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PYMNTS

NOVEMBER 5, 2019

Visa has released a statement saying Tencent’s announcement that it will support international card schemes in its mobile wallet is “a great step forward” for the payments industry. Visa believes this is a great step forward, both for consumers travelling to China and the overall payments industry.

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Contactless Payments Push-to-Card Enrollments Interoperability 40

PYMNTS

MAY 10, 2016

The only way to predict what the emerging payments trends are for today is to seek out the one group of people who has the power to control the entire market: consumers. The study looked at 500 consumers (18+) in each country who had at least a credit or debit card. “The pie for card issuers in Europe is significant.

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PYMNTS

MARCH 23, 2016

It’s also getting support from Judo Payments, a London-based app commerce payments platform to enable in-app payments. and has been picking up steam with payments networks and issuers since, with Apple Pay paving the way through its launch the year prior. Android Pay rolled out in September 2015 in the U.S.

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Contactless Payments Visa Push-to-Card Mobile Payments 40

CB Insights

DECEMBER 4, 2019

Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Amazon Payments. Amazon has aggressively invested in payments infrastructure and services over the last few years. Making payments more cash efficient for Amazon and frictionless for customers is a key priority.

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Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

SEPTEMBER 30, 2016

payments and commerce ecosystem for nearly the entirety of the last two years. That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. There’s plenty of positive data to look at.

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PYMNTS

OCTOBER 26, 2017

According to CEO Alfred Kelly, Visa ended its financial year as it began, “with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe.” The headline was, of course, the marked increase in payment volume of nearly 10 percent (9.8 percent) to $1.93

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PYMNTS

MARCH 29, 2016

Samsung announced the launch of its mobile payments service that is now available through a deal with China UnionPay — the same method Apple used to bring its mobile payments option into market. That’s because Samsung Pay works nearly anywhere contactless payments are available.

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Debit Card Mobile Payments Push-to-Card Bank Card 41

PYMNTS

DECEMBER 27, 2018

It was the year mobile payments and commerce solidified as a force, though not in the way — or in the venues — anyone was forecasting over the last couple of years. tap-to-pay cards play a big role in commerce. In November, Chase , the largest card issuer in the U.S., The Facebook Follies. Tap-To-Pay Inches Into The U.S.

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PYMNTS

APRIL 28, 2016

A statement that sounds like exactly what you’d expect to hear from the leader of the largest payments network in the world. Competition, Scharf believes, is what will keep every player in payments – large and small – focused on what’s really important – making payments the enabler for commerce in a variety of new end points.

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Online and Mobile Banking Push-to-Card Issuers Innovation 44

PYMNTS

JULY 22, 2016

Payments and Consumer Choice. Two days ago, the payments ecosystem was humming along as it always does. payments scene, but it clearly has the potential to do a whole lot more than that. VocaLink is all about two things: enabling digital account to account money movement and using its rails to power faster payments initiatives.

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PYMNTS

NOVEMBER 18, 2020

consumers’ cash use has declined over the last several years in terms of its share of the overall payments pie, but as consumers spend more, the pie gets bigger, and as people continue to use cash, cash usage continues to grow. When possible, it would also be advisable to use contactless payments to reduce the risk of transmission.”.

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PYMNTS

DECEMBER 24, 2019

Here are the 2019 payment trends that made the biggest splash, and promise to make even bigger splashes in the new decade. #1: As in so many things with payments and commerce, Amazon is among the leaders here. 1: Voice — And Now, With Emotion. That’s not all — voice is becoming more emotionally attuned to consumers.

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PYMNTS

JUNE 8, 2020

The transition to contactless and real-time payments brings with it the need for greater connectivity across Mastercard’s European market, which touches 950 million people and an ecosystem that includes retailers and a range of other businesses. Improving Connectivity And Moving To Cashless.

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PYMNTS

DECEMBER 3, 2020

The fact that this will be a very different – and very digital – holiday season is a certainty that both merchants and issuers can carry with them into the season. Piatt said a sudden spike in concerns about finances pushed consumers to appreciate the kind of spending control that debit offers.

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Credit Cards Push-to-Card Contactless Payments Returns 84

The Payments Association

MAY 20, 2025

Regulators are likely to mandate minimum cash acceptance levels, prompting businesses to adopt hybrid payment strategies proactively. The National Payments Vision is a great opportunity to make sure that financial inclusion runs like a golden thread through the payments ecosystem. What’s next?

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PYMNTS

NOVEMBER 20, 2018

There are billions of devices always on the internet, creating massive clouds of data exhaust whenever they are used to … enable commerce or make a payment,” Sondhi said. The device that nearly every Indian consumer owns and uses has become their onramp for digital payments — for both merchants and consumers. In the U.S.,

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Online and Mobile Banking Push-to-Card Payments Privacy 75

PYMNTS

JANUARY 29, 2019

Investors and analysts will have their eyes on Visa ’s growth across cross-border transactions and card spend in its fiscal first quarter, a double-digit trajectory seen in its latest earnings report last October. Drilling down a bit into what lies beneath those numbers, payments volume in the latest reading stood at $2.1

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