PYMNTS

FEBRUARY 14, 2020

But as banking becomes ever-more mobile, and account openings and activities are done through digital channels, the very definition of support – and how it should be provided – is changing. However, they had nothing within their mobile or online banking that explained the offer or, more importantly, how to sign up.

Consumer 91

Consumer Online and Mobile Banking Small Business Debit Card 91

The Fintech Times

MAY 17, 2024

Tap to Everything There are six billion mobile devices in the world providing consumers with a versatile NFC enabled device primed to be ‘tapped’ At the end of 2023, Visa’s tap-to-pay penetration reached 65 per cent globally, up two times the penetration we saw in 2019, cementing tap as one of the best commerce experiences today.

Product 128

Product Consumer Online and Mobile Banking RTP 128

PYMNTS

FEBRUARY 1, 2021

It has pulled ahead of its EU neighbors in developing real-time payments technology and in recruiting banks to adopt it. And as Rita Camporeale , Head of Payments Systems at the Italian Banking Association ( ABI ), told PYMNTS’ Karen Webster, the pandemic has accelerated the embrace of instant payments that flow directly between banks.

Real Time Payments 100

Real Time Payments Instant Payments Online and Mobile Banking Push-to-Card 100

PYMNTS

DECEMBER 18, 2018

Virtual bank Radius Bank — which services small businesses (SMBs), micro-firms and consumers — is rolling out a revamped digital banking platform and a mobile banking app, the company said on Monday (Dec. The platforms have added new digital solutions for financial budgeting and tracking as well.

Online and Mobile Banking 49

Online and Mobile Banking Treasury Venmo Underserved 49

PYMNTS

MARCH 9, 2016

The tech giants in the P2P payments space are about to get competition from six top U.S. Early Warning , a real-time payments, authentication and risk mitigation solutions provider, announced today (March 9) that Bank of America is now live in processing real-time P2P transactions through Early Warning’s clearXchange network.

P2P 40

P2P Real Time Payments Online and Mobile Banking Faster Payments 40

PYMNTS

OCTOBER 3, 2019

That research, which is called “ The Consumer-Centric Authentication Study: Transforming The Consumer’s Digital Banking Experience ,” served as the foundation for a recent PYMNTS discussion between Karen Webster and Sherif Samy , SVP North America at Entersekt , which helped craft the report. More than half of consumers — 54.1

Consumer 60

Consumer Online and Mobile Banking Authentication Credit Union 60

FICO

AUGUST 24, 2020

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile deposits are so easy!”.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Contactless Payments 52

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank of America reported on Wednesday (Jan. The company recently boosted rates it pays on the accounts, so might we expect more torque in the banking giant’s consumer business?

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

DECEMBER 6, 2016

The speed at which digital banking is being transformed by new technologies is rapidly increasing. Whether that’s on their mobile device on the go or in their kitchen while they make dinner. KW: Innovation in the banking sector is blossoming. Where do you see this going, and how do you see it being adopted by banks?

Innovation 76

Innovation Online and Mobile Banking Zelle Venmo 76

PYMNTS

JANUARY 25, 2021

In today’s top digital-first banking news, German neobank N26 has hired a new chief financial officer (CFO) as it eyes a future initial public offering (IPO), while FinTech app Goalsetter has raised $3.9 The mobile banking program also allows for peer-to-peer (P2P) transactions and money transfers.

Financial Literacy 74

Financial Literacy Underwriting Online and Mobile Banking Debit Card 74

PYMNTS

MARCH 22, 2018

Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Around the Digital Banking World.

Online and Mobile Banking 60

Online and Mobile Banking Mobile Deposit Checks P2P 60

Payment Savvy

NOVEMBER 9, 2022

EFT payments are becoming increasingly popular as more and more people conduct their financial affairs online. Transferring money between your own accounts at different banks. These machines allowed customers to withdraw cash from their bank accounts without visiting a teller. But what exactly is an EFT payment?

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

PYMNTS

OCTOBER 5, 2016

Through the service itself, MobilePass users are able to initiate a transaction online, with the ability to use a mobile device, and then pay for the transactions in person at a MoneyGram location in the United States. The Tuesday (Oct. Thus, “ a lot of the drivers,” as Holmes noted, “have been to eliminate paper.”

Online and Mobile Banking 75

Online and Mobile Banking P2P Transactions Mobile Payments 75

FICO

DECEMBER 4, 2017

Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. Mobile Payments Proliferate. It’s no secret that consumers are moving quickly to embrace mobile payments.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

JANUARY 28, 2020

Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. It’s not that banks don’t want to go more digital and mobile, he said. But such shifts must happen, lest those banks get left behind. Gen Z is growing up.

Online and Mobile Banking 67

Online and Mobile Banking FinTech Credit Union P2P 67

PYMNTS

MAY 27, 2020

And according to five observers across the spectrum of traditional financial institutions (FIs), payment networks and digital-only banks, opportunities are there for digital-first and hybrid models alike to succeed — so long as they harbor a relentless focus on identifying and solving customer problems. The Great Stress Test.

FinTech 94

FinTech Online and Mobile Banking Innovation FDIC 94

PYMNTS

JUNE 21, 2017

Yesterday, PayPal announced news that soon, Venmo and PayPal users will be able to send money transfers via its mobile app in a heartbeat to anyone they want — and have the receiver access and use those funds — in a heartbeat — anywhere that Visa and Mastercard debit cards are accepted. So, anywhere. Turning Cost Centers into Revenue Drivers.

Venmo 53

Venmo PayPal Online and Mobile Banking Issuers 53

PYMNTS

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. In its Q3 financial release , Bank of America also gave updates on its mobile and digital efforts. In all, Bank of America now has 38 million active digital banking users, along with 28.7

Zelle 46

Zelle Online and Mobile Banking P2P Debit Card 46

PYMNTS

JANUARY 15, 2020

Zelle peer-to-peer (P2P) payments increased 76 percent year-over-year in the fourth quarter of 2019, Bank of America said on Wednesday (Jan. In its Q4 financial release , Bank of America also gave updates on its mobile and digital efforts. As it stands, Bank of America now has 38.3 billion using Zelle.

Zelle 52

Zelle Online and Mobile Banking Debit Card P2P 52

PYMNTS

JANUARY 30, 2019

Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg. The bank will expand the eligibility for free trades on stocks and exchange-traded funds to the upwards of 5.25 million customers enrolled in the bank’s preferred rewards program. In all, Bank of America now has 36.3

Zelle 56

Zelle Online and Mobile Banking P2P Enrollments 56

PYMNTS

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

Consumer 46

Consumer Online and Mobile Banking Debit Card P2P 46

PYMNTS

JULY 17, 2019

Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method. In its Q2 2019 financial release , Bank of America also gave updates on its mobile and digital efforts. billion for U.S.

Zelle 47

Zelle Online and Mobile Banking Debit Card Payments 47

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

Payment Savvy

NOVEMBER 8, 2022

Barely a couple of decades ago, there were just a few options available for transferring money from one account to another, but the rise of internet banking has given way to a bunch of different services with different names, processes, fees, and waiting times. ACH stands for Automated Clearing House Network. What Exactly is an EFT Transfer?

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

Community Banks 62

Community Banks Online and Mobile Banking Credit Union Caps 62

PYMNTS

MAY 20, 2020

Brick-and-mortar presence used to give credit unions (CUs) a competitive edge over digital-only challenger banks. percent of CU members believe that being unable to visit branch locations represents one way in which using challenger banks would make their banking experiences worse. PYMNTS research shows that 41.5

Credit Union 60

Credit Union Online and Mobile Banking Innovation PayPal 60

FICO

AUGUST 26, 2021

It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). P2P real-time transactions. COVID Has Given a Permanent Boost to Real-Time Payments? Request for pay (RfP) .

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

PYMNTS

DECEMBER 24, 2020

Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. As a point of comparison, it took Starbucks , the most popular and most used mobile payments app in the U.S., Nearly one in 10 consumers (9.6 Digital Wallets. With over 150 U.S.

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. billion (US$36 million) in premiums.

FinTech 109

FinTech Online and Mobile Banking Non-Bank On-Demand 109

Fintech News

JUNE 3, 2024

In the lending space, the number of peer-to-peer (P2P) borrower accounts reached 30 million in 2021, rising at a compound annual growth rate (CAGR) of 50% between 2018 and 2022. Its portfolio comprises 16 Indonesian fintech startups, including online lending platform Julo, stock investing app Stockbit, and earned wage access startup Wagely.

FinTech 120

FinTech Boot Camp Participant Online and Mobile Banking 120

PYMNTS

SEPTEMBER 29, 2017

For consumers looking for mobile banking options, there’s no shortage of solutions available in digital download stores alone. based, startup, digital and mobile financial firm Starling Bank, the answer has often involved trying to stay ahead in the crowded digital banking race. Pushing forward on partnerships .

Payment APIs and Integration 46

Payment APIs and Integration Online and Mobile Banking Faster Payments Cross-Border 46

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. billion (US$36 million) in premiums.

FinTech 98

FinTech Online and Mobile Banking Non-Bank On-Demand 98

PYMNTS

APRIL 1, 2016

Offerings from FIs, like mobile banking and electronic payment support, can help encourage businesses to make the shift to ePayments, the executive said, but legacy payment technologies also need to be addressed. Mobile banking has especially evolved along this pattern. “In It takes gradual change. Robb said that U.S.

B2B 41

B2B Online and Mobile Banking Mobile Deposit Checks 41

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

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

FICO

AUGUST 24, 2021

As we look to our mobile devices to make transactions fast and easy, the mix of underlying data has gotten incredibly complex. Increasingly, in any of these decisions a bank needs to make, they need to use data from both outside and within their organization. You’re not alone. Otherwise, we are just drowning in data with no answers.

Online and Mobile Banking 52

Online and Mobile Banking Authentication ATM Compliance 52

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. million identity theft reports filed in 2021, many of which relate back to banks and lenders.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Security 52