PYMNTS

SEPTEMBER 14, 2016

’s Faster Payments initiative, which traces its genesis to 2008, has seen fraud losses around online banking grow from £22.6 Fraud prevention is an ongoing, continuously evolving mission that must keep up with the pace of change in payments — which, of course, is rapid and constant. million in 2007 to £52.5

Fraud Prevention

PYMNTS

SEPTEMBER 30, 2019

The London-based social payment app VibePay is being trialed with 1,000 Vibe members, the company announced in a press release on Monday (Sept. VibePay is a payment initiation service (PIS) that uses open banking to facilitate payments. The app can also be used to plan activities with friends and initiate a group pay.

Authorization

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. In October alone, the ACH Network processed nearly $5 billion in 3.8

Faster Payments

PYMNTS

NOVEMBER 3, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. TO DOWNLOAD THE NOVEMBER EDITION OF THE PYMNTS.COM FASTER PAYMENTS TRACKER™ , CLICK THE BUTTON BELOW.

Faster Payments

PYMNTS

SEPTEMBER 14, 2017

The legacy systems in place at many banks, he said, can create a “cumbersome” process because they require payments to be batched and files to be created and then uploaded to a bank’s portal. This setup, Isaacson said, can be a burden for customers because it can involve lag time between the payment initiation and batch processing.

API

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. 30), as management eyes digital checkout and other high-tech payments initiatives in the U.S. and beyond. billion, up more than 14.7

B2B

PYMNTS

MARCH 27, 2019

Others are working toward tougher security, with Payments NZ , the organization governing New Zealand’s core payment system, releasing new API standards for account data and payment initiations. To read the Deep Dive, download the Tracker. About the Tracker.

API

PYMNTS

DECEMBER 13, 2018

” The friction associated with manually downloading data across banking and financial platforms, and then having to normalize it to make it usable, presents a significant opportunity for open banking initiatives and APIs in the corporate cash management space. ”

Treasury Management

PYMNTS

FEBRUARY 18, 2020

I do expect Open Banking to gain traction,” he said, adding that there already exists the ability for ERP systems to automatically download bank account information to reconcile payments. When asked by PYMNTS as to whether Open Banking might come to the U.S., In the future, this could be done in real time.

B2B

PYMNTS

AUGUST 3, 2016

Phase 1 of the Faster Payments initiative launches on Sept. will be able to accept Same Day payments, with the option to originate them. To download the August edition of the PYMNTS.com Faster Payments Tracker™, powered by NACHA, click the button below. Now, it’s coming to life. About The Tracker.

Same Day ACH

PYMNTS

NOVEMBER 30, 2017

With cash powering 44 percent of consumer payments, it’s still a very popular method of payment — but, alternate payment methods are cutting into some of its overall share, Cleland said. today has come with the growth of contactless payments. To download the PYMNTS.com Global Cash Index U.K. About the Index.

Contactless Payments

PYMNTS

MAY 4, 2016

Whether it’s downloading or streaming music, ordering takeout via telepathy or paying their bills, consumers expect to be enabled to complete tasks immediately. To download the May edition of the PYMNTS.com Faster Payments Tracker TM , powered by NACHA, click the button below …. . About The Tracker.

Faster Payments

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. Risky Business.

Same Day ACH

PYMNTS

APRIL 7, 2016

To download the April edition of PYMNTS Faster Payments Tracker ™ , powered by NACHA, click the button below. The PYMNTS Faster Payments Tracker ™ , powered by NACHA, is your go-to resource for staying up to date on a month-by-month basis. About The Tracker.

NACHA

PYMNTS

APRIL 7, 2017

In case of mobile wallet adoption, for example, even as consumers utilize smartphones for a wider range of commercial uses, using them for making payments isn’t always their top choice. initial version, was all about payments. To download the April edition of the mPOS Tracker™, click the button below …. About the Tracker.

Debit Card

PYMNTS

JANUARY 2, 2017

And even though traditional rates can sometimes look more competitive, the value of real-time payment processing compounded with the price makes a better product offering than the speed and price of traditional rates, he added. Blockchain and faster cross-border payments. percent transaction fee.

Cross-Border Payments

The Fintech Times

JULY 24, 2024

In this case, bragging about ‘adoption’ is like a fintech bragging about how about many people have downloaded their app (ignoring—or glossing over—the actual # of people who use the app).”

FedNow

PYMNTS

NOVEMBER 4, 2019

Carve-outs, as they are commonly called, can and should serve as a motivating factor for merchants trying to get right with SCA — but, more broadly, help to bring their payment flows into the 2020s. Learn how to balance #fraudprevention with #customerexperience when you download our latest #infographic.

Payments

PYMNTS

APRIL 8, 2016

That, in her mind, is where the real value is created – providing the base layer for innovations and innovation to flourish that make payments faster, in some cases, but more flexible and better, across the board. . ……………. To download the April edition of PYMNTS Faster Payments Tracker ™ , powered by NACHA, click the button below.

Faster Payments

PYMNTS

OCTOBER 7, 2019

Users had to be okay with downloading and setting up a new digital wallet, and using a new currency they’d never heard of from a new network called Libra (which they had also never heard of).

Regulations

PYMNTS

JUNE 20, 2016

In January, Walmart announced that Walmart Pay would be its cross platform/cross channel/cross payment tender mobile payments application using its Walmart.com app to enable checkout in-store. Any consumer with any phone can enable this checkout experience, provided they download the Walmart.com app.

Online and Mobile Banking

Open Banking Excellence

MARCH 24, 2025

It is a rough level set with the UK requirement – account information and balances, transaction histories, payment initiation, bill information on where the data requirements are not going far enough and why this has limitations. Lets take an example. Fintechs in the U.S. scooped up 45.6 Written by Stefano Vaccino CEO, Yappily.

CFPB