PYMNTS
OCTOBER 5, 2016
The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.
PYMNTS
JUNE 3, 2020
“I would say the most relevant variables across Latin America are banking penetration and credit card penetration,” Gimenez noted. One difference is the use of debit cards online. Since some people don’t have access to bank accounts or online payment methods, there is an option to pay using cash in most countries.”.
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PYMNTS
JUNE 22, 2020
Credit and debit card penetration in markets like Mexico is still low compared to the U.S. For example, so many of Mexico’s consumers who might be interested in purchasing their products may not have credit or debit cards to pay for their purchases.
Fintech Labs Insights
APRIL 12, 2024
Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.
PYMNTS
FEBRUARY 2, 2017
The number of identity fraud victims rose 16 percent in 2016, marking the highest level since Javelin Strategy & Research began tracking the trend in 2003. According to the research, during 2016 there was a resurgence in existing card fraud, which saw an increase of 40 percent in card-not-present fraud.
PYMNTS
JANUARY 28, 2019
Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases.
NCR
AUGUST 10, 2016
In addition to having websites for the existing clientele, it’s a known fact in the financial industry that banks are investing millions of dollars to stay ahead of the curve when it comes to their online marketing strategy. This is how banks have excelled with online presences. But, things have to become even easier somehow.
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