The Fintech Times

FEBRUARY 20, 2025

Real-time Pay by Bank delivers substantial benefits over traditional payment methods, eliminating intermediaries to reduce processing costs and increase cash flow. Without manual entry of sensitive data, users authenticate payments directly from their mobile banking app for a fast, convenient and secure payment experience.

User Authentication

PYMNTS

APRIL 11, 2019

Twelve years later, however, mobile banking has become ubiquitous across much of the global financial ecosystem. FIs are now competing fiercely to ensure that consumers are choosing their mobile banking services over their rivals’ as customers seek apps offering more speed, security and other capabilities.

Mobile Banking

Fintech Finance

OCTOBER 15, 2024

Each bank or merchant can implement one or more types of RoPay payments, depending on their strategy. The RoPay service is being gradually rolled out, as participating banks introduce new features and cover more use cases, while users get accustomed to the service.

Instant Payments

PYMNTS

APRIL 3, 2018

How to bring mobile banking to the realm of the spoken word – beyond the mere recitation of account data, beyond call and response? Banking is, of course, about more than account balances. It’s not online banking, it’s not mobile banking, it’s a digital user experience,” he said.

Mobile Banking

PYMNTS

OCTOBER 20, 2020

In an interview with PYMNTS, Scott Young , VP of Innovation at PSCU , noted that in the changing consumer environment, digital and mobile banking are “table stakes,” but credit unions (CUs) must be conscious of how member payment preferences are evolving.

Credit Union

PYMNTS

SEPTEMBER 13, 2019

percent saying they believe the security of transactions being made via mobile banking apps would be stronger if they had greater control over those apps’ authentication requirements. Despite widespread demand for greater mobile banking authentication controls, only 39.9 percent) or using mobile card controls (63.5

Consumer

PYMNTS

JANUARY 14, 2021

In terms of mechanics, the JazzCash Mobile Account is a bank account that is linked to users’ mobile numbers, allowing users to send and receive funds, pay bills, take out and pay loans, and conduct other everyday financial activities. cents, which helps spur adoption (especially on the merchant side).

Mobile Payments

PYMNTS

JANUARY 18, 2019

While peer-to-peer ( P2P ) payment apps have long been reserved for splitting small bills with friends and family, it is growing across use cases as more consumers become comfortable with the payment method. Mobile banking : Results from banks during earnings season show bright spots in mobile adoption.

Zelle

PYMNTS

NOVEMBER 29, 2017

App-based personal bank Jiko, set to debut in 2018, says its efficient structure allows for providing 0.5 Meanwhile, mobile bank Zero says bypassing physical locations allows for a 1 to 3 percent cash back on all spending. percent cash back on debit card transactions. But it’s not all about the cash backs.

Security

PYMNTS

FEBRUARY 11, 2019

Visa and Mastercard , via their debit rails, enable real-time push payments in support of a number of peer-to-peer (P2P) and business-to-peer (B2P) use cases. Use cases are evolving. And some of it is dependent on that activity you’re doing,” which in turn boils down to use cases. The Use Cases.

Faster Payments

The Fintech Times

MAY 26, 2024

However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. The potential use cases and benefits for users are hazy at best. Yet many central banks have already actioned plans to introduce them.

CBDC

PYMNTS

OCTOBER 7, 2020

“There's a lot of great technology out there, but it’s about applying the right tool to the right use case,” he told PYMNTS. As he added, there’s no one-size-fits-all approach that can solve all authentication issues across all use cases.

Authentication

Faster Payments Council

JULY 21, 2020

Results from the survey indicated that bill pay ranked as one of the top three use cases for both FIs and businesses with nearly 60% of respondents indicating it as a top priority. The bank bill pay model where the consumer interacts with its online/mobile banking platform to request a payment be sent to the biller's bank.

Faster Payments

PYMNTS

JUNE 29, 2018

Beyond the vagaries of cryptocurrencies, the price swings and headlines, and the investigations and speculation, use cases emerge. In illustrative use cases, users can send dollars to the U.S. In Brazil and Poland, said Santander, customers can transfer to the U.K. and pounds to the U.K. can send euros to 21 countries.

Blockchain

PYMNTS

FEBRUARY 1, 2021

That increase has been driven by P2P payments, where parents are sending money to their children, and, perhaps not surprisingly, tech-savvy younger demographics are sending money to one another using banking apps. Mobile app usage is very high, and so, also, is the use of digital wallets,” said Camporeale.

Real Time Payments

The Fintech Times

MARCH 1, 2024

In a recent study, Insider Intelligence found that Gen Z mobile banking adoption continues to rise by 12.4 ” Mastercard open banking is enabling customers and partners to offer a more modern and secure digital account opening experience, leveraging solutions that span the entire enterprise. million in 2020 to 47.8

Card Issuer

PYMNTS

APRIL 24, 2019

“Our core processor partners have achieved tremendous results, signing more than a hundred and thirty banks and credit unions in Q1. In addition, our new marketing campaign was launched, tapping into everyday use cases of Zelle, designed to drive deeper knowledge and relevance with consumers.”.

Zelle

PYMNTS

JUNE 17, 2019

The availability of P2P transactions were among the first services to become available from FPS and currently one of the most popular use cases. In the future, Protopopov expects more merchants to join FPS and be able to accept payments from customers using QR codes for payments.

Faster Payments

Fintech Finance

FEBRUARY 28, 2024

A study from Insider Intelligence found that Gen Z mobile banking adoption continues to rise sharply at 12.4% Mastercard Open Banking is enabling customers and partners to offer a completely modern and secure digital account opening experience, leveraging solutions that span the entire enterprise. year over year, from 20.7

Visa

FICO

SEPTEMBER 14, 2016

This poor customer experience can be improved by looking at not just the activity of the card, but the activity of the cardholder’s mobile device. I’ve discussed this simple use case of mobile analytics before. But it turns out mobile analytics offer all kinds of benefits. Is it where they are?

Authentication

PYMNTS

JULY 1, 2019

A growing number of devices are equipped with biometric authentication technology, meaning an increasing number of mobile banking customers can use these tools to access their accounts. This fraud protection method gives FIs greater agility when searching for fraudsters and boosts flexibility for consumers.

AI

PYMNTS

JUNE 21, 2016

While mobile payments are having hard time finding that killer use case and igniting en masse (in the developed world anyway), new data out of Chase indicates that could be set to change sooner than many of us may imagine. 31% | The percentage of Americans who check their mobile banking apps while they are out to eat.

Consumer

PYMNTS

JUNE 24, 2019

Financial institutions are constantly on the hunt for an edge when it comes to mobile banking and other innovations, and that’s playing out with new, emerging 5G mobile network technology. One of the most recent developments comes from Spain-based bank Santander. 5G Promise.

Credit Union

PYMNTS

OCTOBER 5, 2016

First is that it’s very simple,” and that large swaths of consumer demographics have obtained mobile phones, smartphones and, as he pointed out, ”entry-level smartphones are a lot more prevalent.”. Thus, “ a lot of the drivers,” as Holmes noted, “have been to eliminate paper.”

Online and Mobile Banking

Fintech News

JANUARY 18, 2024

Presently, AI drives over four million decisions daily within the bank in areas like risk management, customer service, and sales, with expectations to reach 10 million by 2025. Singlife While banking might have the most immediate use cases for generative AI in Asia, it is not the only financial sector that can benefit from it.

AI

PYMNTS

NOVEMBER 13, 2018

While data stored within bank accounts can be applied to many use cases, either by FinTech firms or the bank itself, cash flow forecasting is not always one of them. Collecting and presenting this insight in a mobile-friendly format is another way that open banking is filling in gaps left by traditional banks.

Accounts

PYMNTS

FEBRUARY 8, 2018

But Sweary said retail customer churn is only the most dramatic use case for predictive analytics. There’s a significant use case in web and mobile, where this technology can help companies see which of their sales representatives are likely to succeed or fail.

AI

PYMNTS

DECEMBER 20, 2017

Put it all together, and the end result is a payments tool that can be of use to any business, large or small, Ward said. Invoices are a great use case, and I think you can take any traditional B2B payments use case and it would work well,” he noted.

AI

PYMNTS

JANUARY 21, 2021

Data analytics , she added, aids in predictive modeling, where banks can determine relevant offers for new services and products based on what consumers might need (or do) next. Among the most important use cases of predictive modeling, according to Stevens: customer retention.

Credit Union

PYMNTS

OCTOBER 1, 2018

Finding The Right Use Case(s). That, according to VB, depends very much on the use cases issuers want to build into the app. “We We can talk to 100 issuers in a week and hear 100 possible use cases. As the world (and commerce) moves more digital, spending money becomes very abstract. The White-Label Future.

Issuers

PYMNTS

JUNE 13, 2017

Banks have deployed cardless solutions, and Samsung SDS demonstrates the use case without the need for a card or PIN, which they said is a leap forward in convenience without sacrificing security. To ensure speed is achieved, consumers can “stage” a withdrawal via their mobile banking app prior to arrival.

ATM

PYMNTS

MAY 13, 2019

Offering a user-friendly, instantaneous way of securing transactions, even before they happen, will spur more adoption of digital payments, and cement relationships between consumers and their banks, said Kilb. The shift toward mobile banking done across phones also carries with it the promise of financial inclusion.

Online and Mobile Banking

Fintech Finance

JUNE 7, 2024

In addition, it helps streamline the process of setting up new accounts by using corroborated banking details as an additional identity check, making the payment journey simpler for both the sender and the customer.

Verification

PYMNTS

JUNE 23, 2016

Two different banks — JPMorgan Chase and Bank of America. Two different studies on the same topic — mobile banking and mobile payments. Those consumers were asked how they felt about paying with mobile wallets. How are they using it? Two very different results. What Consumers Said.

Mobile Payments

Fintech Finance

JUNE 4, 2024

An early market leader, Prommt has expanded Pay by Bank use cases across hospitality, luxury retail, and automotive sectors with its pay by link capabilities. ” Token.io’s first partner to benefit from enhanced hosted payment pages is Dublin-based payment orchestration platform Prommt.

Alternative Payment Methods

CB Insights

APRIL 10, 2019

Researchers at Duke University, for example, developed an Autism & Beyond app that uses the iPhone’s front camera and facial recognition algorithms to screen children for autism. A more futuristic use case is passive monitoring of healthcare biometrics, or extracting changes to facial features over time. Automobiles.

Law Enforcement

PYMNTS

APRIL 22, 2020

There has been greater interest among FIs for tools that can provide the same level of service and satisfaction regardless of channel, with 88 percent of banks’ fraud executives stating that key use cases for risk assessment tools are ones that improve onboarding experiences.

Security