CFPB Monitor

APRIL 3, 2017

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. to 1:00 p.m.ET, Ballard Spahr will hold a webinar, “The CFPB’s Consumer Credit Card Market RFI and Other Important Recent Credit Card Developments.” On April 13, 2017, from 12:00 p.m.

Massachusetts 74

Massachusetts Cards Report West Virginia 74

PYMNTS

SEPTEMBER 26, 2016

Halloween sales, which would amount to an all-time high, according to data provided by the National Retail Federation. percent plan to buy Halloween greeting cards ($390 million of total spending). shoppers intend to do their Halloween shopping online this year. billion on U.S. Last year, U.S. consumers spent $6.9 shoppers (44.4

social media 100

social media Survey Retail National 100

PYMNTS

FEBRUARY 8, 2019

The annual survey by the National Retail Federation (NRF) and Prosper Insights & Analytics reports that Americans are going to spend a record amount of money on Valentine’s Day , even though there’s been a general decrease in how many people celebrate the holiday over the years. billion and also smashing the 2016 record of 19.7

Retail 150

Retail Survey Analytics Cards 150

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard. ” Biometrics coming on big.

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PYMNTS

OCTOBER 21, 2019

Spanish lender Santander is planning to launch an online deposit platform in the U.S., The bank is planning to roll out a “national deposit gathering platform” in 2020 to reel in more attractive rates for its consumer business, Scott Powell, chief executive officer (CEO) of Santander in the U.S., told the FT. told the FT.

Metro 101

Metro US Online National 101

PYMNTS

JUNE 24, 2016

Online to offline coming to Walmart near you, and we mean that sincerely. Online lending . Costco Card. The Costco Card has generated a lot of buzz. But all that buzz was based on anticipation and the hope that the card would be all it is cracked up to be. A pretty clear-cut sizzle. The fizzle wears on.

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Let's Talk Payments

SEPTEMBER 16, 2016

New survey of national online retailers from Ingenico ePayments and InternetRetailing reveals an awareness of the benefits of localization but dissatisfaction with current capabilities London, UK – 13 September 2016.

Online 40

Online Retail Survey National 40

PYMNTS

AUGUST 8, 2019

Paytm told ET it has around 70 percent of the market share in overall digital payments across online and offline merchants. . “We We achieved over 600 million transactions in July, which includes payments through Paytm Wallet, Paytm UPI, cards and net banking.

Google 141

Google Apple Payments National 141

PYMNTS

JUNE 14, 2018

million, in 2016 alone. with more than 16,800 victims recorded in 2016. A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. . But individual consumers aren’t the only victims of identity theft.

Fraud 109

Fraud Taxes Resources National 109

BankBazaar

MAY 29, 2022

United Payments Interface, which comes under the purview of the National Payments Corporation of India (NPCI), has gained phenomenal traction in India post its launch in 2016. The charges for use of another bank’s ATM to withdraw cash via this cashless withdrawal method will remain the same as current card withdrawal charges.

ATM 88

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PYMNTS

NOVEMBER 6, 2019

Also, Fidelity National Information Services (FIS) reported Q3 results that beat expectations for adjusted earnings. And Visa called Tencent’s announcement that it will support international card schemes in its mobile wallet “a great step forward” for the payments industry. In today’s top payments news, Japan’s SoftBank reported a $6.5

Report 100

Report Payments Mobile National 100

PYMNTS

JULY 21, 2017

Just as payment methods are varied, so too are the ways that people pay, and whether, given a certain locale, they prefer paper (cash) over plastic (via mag stripe or chip card), or mobile over interactions with the cashier — these differences color fraud as well. Europe may offer a tell on the fraud to come.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

OCTOBER 10, 2019

Demand is rising for online services such as those providing cloud-based backups and storage. percent from 2016 to 2022, and uptake is rising even faster in the Asia-Pacific, which is expected to see a CAGR of 27.2 percent from 2016 to 2022. Cryptocurrency And Credit Cards. Serving Emerging Markets.

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Marketing Payments Cards cryptocurrency 116

PYMNTS

SEPTEMBER 25, 2017

According the National Retail Federation (NRF), Halloween this year will see record-breaking shopping numbers. On top of that greater per capita amount, 179 million Americans are joining the Halloween party game this year, up from 171 million in 2016. billion will be spent on decorations and $410 million on greeting cards.

social media 130

social media Retail National Online 130

PYMNTS

DECEMBER 8, 2016

The region’s internet economy is projected to become a $278 billion market by 2025 , with immense growth expected in all online sectors, but especially in mobile payments as companies across the region invest more in digital infrastructure. The region’s most technologically advanced nation, Singapore, is working toward a smart nation.

social media 100

social media Regional Online National 100

PYMNTS

AUGUST 23, 2018

Customers of National Australia Bank (NAB) and American Express became the targets of a recent phishing scam spree in Australia, according to MailGuard reports this week. The false login page prompts victims to enter their user ID and password, enabling attackers to steal credentials and bank card details.

Cards 100

Cards National Report Online 100

PYMNTS

APRIL 30, 2020

Online transactions are more important than ever amid the coronavirus pandemic, which has consumers following stay-at-home directives and merchants shifting commerce online after temporarily closing their in-person operations. Cards can be critical to serving the U.K. and Scandinavia.

Payments 131

Payments Cards Online Resources 131

PYMNTS

JANUARY 10, 2017

According to research from Visa , cash withdrawals and card spending in the last months of 2016 grew by an average of 2.8 Jenkins noted that the overall growth was boosted by Christmas-related activities and a national sales drive. The first two weeks of December were quite busy for us with lots of online orders coming in.

Online 100

Online Retail US National 100

PYMNTS

NOVEMBER 14, 2018

Online shopping is on a tear, and marketplaces are reaping the rewards. billion — online payments were completed in the U.S. in 2016, the most recent data available. In the post, Shopify wrote, “by accepting Venmo directly in your online store, users can complete their purchase in just a few clicks.

Retail 131

Retail Payments Apple Online 131

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. Card payments are also popular in Canada, with credit comprising nearly 22.9

America 128

America Mobile Cards Study 128

PYMNTS

JUNE 19, 2018

As restaurants seek to innovate with consumer preferences in mind, here are some online features that consumers look for in their preferred restaurants: Third-Party Aggregator App. Debit Cards. Sixty-one percent of surveyed consumers in Q4 of 2017 said the most important reason they prefer their merchant was debit cards.

Survey 115

Survey Cards Study Innovation 115

CFPB Monitor

NOVEMBER 7, 2016

In its Fall 2016 Supervisory Highlights , which covers supervision work generally completed between May and August 2016, the CFPB highlights violations found by its examiners involving origination and servicing of auto financing, debt collection, mortgage origination and servicing, student loan servicing, and fair lending.

Lending 83

Lending Report Regulation Policies 83

CFPB Monitor

FEBRUARY 1, 2016

The CFPB has issued its January 2016 complaint report which highlights “other financial service” complaints and complaints from consumers in New York State and the New York metro area. Nationally, mortgage complaints averaged 27 percent of all complaints received by the CFPB.).

Metro 60

Metro New York Montana Mississippi 60

PYMNTS

APRIL 25, 2017

According to the National Retail Federation’s (NRF) fourteenth annual survey, consumers are set to spend a record-breaking $23.6 billion in 2016. billion on gift cards (45 percent). Mother’s Day is just around the corner, and people are planning what to purchase to celebrate the women in their lives.

Analytics 101

Analytics Survey Millennials National 101

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. The country was eager to adopt digital governmental services with the launch of an online tax payment service in 2000 and a national digital ID system in 2002.

Security 129

Security blockchain San Francisco United States 129

PYMNTS

DECEMBER 23, 2016

They expect coupons and special deals and still will go for an in-store or omnichannel experience even if they like to shop online. The $1 trillion total is the result of a nearly 4 percent increase over last year, according to Deloittes’s 2016 Holiday Survey. That’s (Buy Online, Pickup In Store).

US 100

US Survey Retail Mobile 100

PYMNTS

FEBRUARY 13, 2020

Visa President Ryan McInerney said that beyond the core card business there remains the opportunity to “capture new flows of money using our expanding network of networks.” Drilling down a bit further into tap to pay metrics, the company has 145 million tap to pay cards in the U.S., will issue tap to pay cards. B2B Potential.

Payments 163

Payments Regional America Cards 163

PYMNTS

OCTOBER 14, 2016

The unbanked are often young employed workers that have not built up a credit history and do not own a credit card. According to Forbes, the past few years has seen an increase in bad loans that has caused traditional lenders to be more cautious in their lending, and that includes the nationalized banks.

Lending 100

Lending Capital Maine Cards 100

PYMNTS

OCTOBER 1, 2018

SMBs are too unfamiliar with alternative finance to turn to online players. That’s slightly up from 2016 figures, and remains the most common use of financing for small business borrowers. small businesses, instead, first turn to national or community banks, credit unions or online lenders, the research showed in U.S.

Lending 115

Lending Survey Data National 115

PYMNTS

NOVEMBER 10, 2016

The year 2016 has not been an easy one for Target — as its same-store sales have slipped, grocery has been an ongoing problem, and Target finds itself increasingly squeezed from two sides: by an expanding Walmart in the physical world and an ever-growing Amazon online.

Course 145

Course Groups Online Trends 145

PYMNTS

SEPTEMBER 16, 2019

According to the new PYMNTS Order To Eat Tracker , the volume of mobile app orders rocketed 130 percent from 2016 to 2018, and the overall mobile order market value is set to reach $38 billion by 2020. Students can tap into the Starship app for 24/7 deliveries and can also use a meal card if the products they are buying are covered in a plan.

Innovation 192

Innovation Mobile Groups Indiana 192

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. The scams netted an alleged $25 million from 2014 to 2016. “In He and an accomplice operated from Nigeria, targeting the U.S., ” The Larger Trends.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

MAY 30, 2016

With the 2016 Olympics quickly approaching, Airbnb is looking to change its payment acceptance game within its fourth-largest market. The move has allowed Brazilians to use their preferred payment method — national credit cards processing in Brazilian Reais (BRL) — to partake in booking rooms on the homesharing site.

System 100

System Payments Cards National 100

PYMNTS

NOVEMBER 19, 2020

Dutch global grocery conglomerate Ahold Delhaize — the firm behind grocery behemoths Giant and Stop & Shop — has acquired a majority stake in supermarket delivery startup FreshDirect in an attempt to up the level of its digital grocery offerings amid the online shopping surge created by COVID-19. “We Farmstead Picks Up $7.9M

District of Columbia 142

District of Columbia North Carolina Retail Online 142

PYMNTS

NOVEMBER 11, 2019

Early accounts seem to indicate that the just-launched Apple -branded credit card is finding its way into customers’ hands, and into heavy use. According to issuer Goldman Sachs , they have opened up about $10 billion in credit lines in just over month for the Apple Card. Of that $10 billion, Apple Card?

Apple 101

Apple Massachusetts Data Cards 101

NCR

JANUARY 19, 2018

It noted that 80 percent of transactions by volume in the country use cash – significantly higher than most other nations in western and northern Europe. Even when making purchases online, credit cards are only used for 18 percent of transactions, compared with 41 percent for PayPal and 23 percent for bank transfers.

Comparison 70

Comparison National Study ATM 70

PYMNTS

MARCH 20, 2018

million Chinese nationals visited the U.S. in 2016 (the last year for which data is available), spending a net total of $333 billion. Only 5 percent of Chinese citizens hold passports, and the nation’s largest online travel service, Ctrip , predicts that number will double over the next two years. According to the U.S.

Las Vegas 112

Las Vegas San Diego Los Angeles San Francisco 112