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Vietnam’s Digital Finance Landscape: Banks Gain Ground Amidst Shifting Competition

Fintech News

This shift in Vietnam’s digital finance scene indicates that banks are not only responding to the challenge posed by fintech companies by enhancing their digital capabilities but also highlights a significant move towards mobile banking among customers.

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Out of Sight: How Banks Protect Consumers from Credit Card Fraud

FICO

Many of the world’s leading banks and card issuers trust our Falcon Platform , which protects more than two-thirds of the world’s credit card and debit card transactions from fraud, as well as other forms or real-time payments and consumer banking funds transfers. It takes only a couple of seconds to verify.

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Anticipating The Consumer Spending Rebound

PYMNTS

Overall credit card spend was down 29.9 percent and debit card spend was off 18.1 Even grocery spending growth slowed to 25 percent on credit cards and 10 percent for debit cards, which gives a nod to the fact that consumers are likely “fully stocked up.” The Shift In Payments.

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Wells Fargo Credit Card POS Purchases Grow 5 Pct In Q4

PYMNTS

Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s CEO Tim Sloan on Tuesday (Jan. Wells Fargo also reported single-digit gains in credit and debit cards. The bank also reported general purpose credit card point-of-sale (POS) purchase volume of $20.2

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Retail Payments Fraud: How Consumers and Banks Can Fight Back

FICO

Let’s take a look at the current state of affairs, and how consumers and banks can fight back. Will Zelle Join Apple Pay, GooglePay and Credit Cards at Point of Sale? It’s likely that fraudulent POS Zelle transactions wouldn’t be eligible for chargebacks, either. Check yourself before you wreck yourself.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

To compete, Amazon is investing in product including hiring product managers for devices solutions, which could see Alexa move from the home and office, and into brick-and-mortar or point-of-sale POS. With the card, parents can manage spending limits and allocate funds for their children through a mobile app.

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Navigating the ACH Landscape: Understanding Payment Types and Payment Codes

EBizCharge

Any transaction where the consumer initiates payment via a web-based platform would use A WEB code, such as online bill pay services, eCommerce purchases, subscription payments, and payments made through mobile banking apps or digital wallets like PayPal or Apple Pay. Large companies with AR departments commonly use this code.

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