PYMNTS

FEBRUARY 19, 2020

Analysis of contactless card transactions revealed that the volume of commercial card contactless payments, both debit and credit, jumped 24 percent between 2018 and 2019. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. SumUp Wields Cards For Faster Revenue.

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Cards Management Report Data 131

PYMNTS

OCTOBER 30, 2020

billion of these payments in 2018 alone for a total of $97.04 Most customers bypass dealing with merchants entirely when trying to stage chargeback fraud, with 76 percent of cardholders going directly to the payment card issuer. Cash payments are quickly falling to the wayside, with only 26 percent of all U.S.

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PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Cards 141

Cards Payments Security Fraud 141

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services. of all approved loans in the program.

Technology 195

Technology Lending Capital Meeting 195

PYMNTS

JUNE 28, 2019

credit card business, mobile-first company Jaja will pay an initial cash consideration of $671 million at current rates. The FinTech firm will also serve as the consumer credit card issuer for the AA and the bank’s U.K. s Automobile Association and a Bank of Ireland branded card. (It To acquire the Bank of Ireland’s U.K.

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Cards Charlotte Fintech Innovation 100

PYMNTS

OCTOBER 30, 2020

We have deep dives on cloud technology, business-to-business (B2B) payments and Visa’s deal to acquire YellowPepper. The purchase builds on a strategic partnership and investment made in 2018, where Visa invested in the firm back then. The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week.

Technology 161

Technology Apple Payments Capital 161

PYMNTS

FEBRUARY 25, 2019

Coverage includes Hong Kong-based Tappy Technologies ‘ collaboration with the Timex Group. Tappy Technologies, a solution provider for wearables and digital payments based in Hong Kong, is teaming up with Timex Group, the companies said in an announcement.

Technology 122

Technology Payments Groups Fintech 122

PYMNTS

MAY 18, 2020

Japan-based credit card and payment firm JCB has announced a partnership with tech startup accelerator TECHFUND to explore the idea of a payment system with blockchain options, the company said on Friday (May 15). JCB, one of the biggest credit card operator in Japan, has also worked with blockchain before, partnering with U.S.-based

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blockchain System Payments cryptocurrency 287

PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. According to reports in Cointelegraph this week, payments technology firm Mastercard filed a patent related to real-time payments using blockchain technology. Reports said the filing, dated Nov.

blockchain 130

blockchain Analysis Tools Technology 130

Bank Innovation

JANUARY 15, 2019

Citigroup CEO Michael Corbat touted roughly $200 million in cost savings the bank found in 2018 by going digital and taking on other related initiatives. It seems $200 million is only the beginning. Corbat said the bank will potentially reap $500 million to $600 million in incremental savings each of the next two years. That […].

Technology 186

Technology Operations Digital Banking Cards 186

Insights on Business

AUGUST 10, 2018

Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. IBM at Sibos 2018. Stay tuned for more blogs on Sibos 2018! Using IBM QRadar Advisor with Watson, Cargills Bank Ltd.

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Conference Regional Examples Payments 98

PYMNTS

DECEMBER 10, 2020

However, TSYS said the malware didn't jeopardize card data and that the attack had only targeted the company's administrative wing. "We We immediately contained the suspicious activity and the business is operating normally. helps to process payments, merchant services and other solutions such as prepaid debit cards and payroll cards.

Online 226

Online Data Columbus Cards 226

PYMNTS

MARCH 8, 2016

There was a time when prepaid cards were only good for calling back home long distance or keeping otherwise embarrassing purchases off of credit card statements. With Tuxedo’s latest feature, though, prepaid cards could suddenly be good for a lot more.

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Cards Marketing Capital Groups 100

CB Insights

FEBRUARY 27, 2019

In 2018, 14 European startups reached unicorn status, led by Roivant Sciences with its $7B valuation. The companies on our list operate across industries including healthcare, cybersecurity, transportation, and more. Using CB Insights data, we identified all the Europe-based startups that have reached a $1B+ valuation in 2018.

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Company Capital Groups Operations 76

PYMNTS

DECEMBER 10, 2018

In the press release announcing the new feature, Walmart noted that customers can pay via cash, check, credit card or Walmart Pay. The retailer said at the time that “associates will help customers pay and go by simply swiping their credit card and providing them with a paper or electronic receipt for their purchase.”

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Cards Data Seattle San Francisco 134

PYMNTS

NOVEMBER 23, 2020

“While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. This approach can be compelling for employers that need to quickly solve problems to grow their workforces and operations worldwide.”. based organizations, 41.2 based organizations, 41.2

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System Management Tools Cards 165

PYMNTS

JANUARY 2, 2019

When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Yet, 2018 was certainly a big year for commercial cards, and for credit card giants’ B2B payments aspirations overall. Visa Acquires Fraedom.

blockchain 188

blockchain Cards Payments Management 188

Insights on Business

AUGUST 10, 2018

Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. IBM at Sibos 2018. Stay tuned for more blogs on Sibos 2018! Using IBM QRadar Advisor with Watson, Cargills Bank Ltd.

Conference 70

Conference Regional Examples Payments 70

PYMNTS

OCTOBER 14, 2020

Payguru is a Turkish company currently working to give residents a way to pay for bus travel cards via text message, according to a report by Financial Times (FT). The way it works, since the company began testing it in the city of Kahramanmaras in 2018, is that users can send a text message and refill their cards via mobile phone.

Fintech 175

Fintech Analytics Payments Mobile 175

PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Payments are facilitated using virtual Visa commercial cards, ACH and checks. The company raised $15 million in 2018 in a debt financing funding round.

Illinois 167

Illinois Chicago Cards Payments 167

PYMNTS

FEBRUARY 28, 2019

Square ‘s Q4 earnings 2018 results came after market close on Wednesday (Feb. These trends included double-digit gross payment volume (GPV) growth, as measured year on year, double-digit transaction gains and traction in newer technology offerings — such as point-of-sale (POS) financing to help sellers log their own top-line growth.

Cards 170

Cards Trends Payments Conference 170

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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Fraud Cards Retail Security 131

PYMNTS

MARCH 12, 2020

PeP, valued at €405 million, has over 125,000 point-of-sale (POS) terminals and is among the top five largest card payment processors in Poland, its website says. Poland is a sought-after locale due to the “low card penetration and double-digit growth in card usage.” percent of payments in 2018. “We

Cards 145

Cards Groups Payments Industry 145

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) P2P Numbers. million U.S.

Cards 179

Cards Payments Mobile Operations 179

PYMNTS

MAY 13, 2019

As technology reshapes the way buyers access goods and services, consumer expectations are moving targets, and merchants that hope to survive can’t afford to fall behind. From Reis & Irvy’s to Vengo , merchants and technology companies are reinventing the world of vending technology through smart devices.

Retail 177

Retail Marketing eBook Atlanta 177

PYMNTS

JUNE 6, 2019

Near-field communication ( NFC ) technology isn’t exactly new. don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. The global mPOS industry was valued at $26 billion as of 2018, and is projected to grow 35.4 percent between 2018 and 2025. However, the U.S. In the U.S.,

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US Apple New York City Cards 140

PYMNTS

AUGUST 15, 2019

The deal was given the green light by the country’s central bank in July, and will cover the processing of debit card operations. The national payment gateway system was launched in December of 2017 to ensure that every debit card transaction in the country was handled using Indonesian technology. In 2018, there were 6.4

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Company Payments Cards System 115

PYMNTS

JANUARY 29, 2019

As pertains to Egypt banks, e-Cards (and, in tandem, electronic payments) have swelled to more than 30 million cards as of June 2018, as estimated by the country’s central bank. million credit cards, 15.8 million debit cards and 10.8 million prepaid cards. Finxact’s own offerings operate in the cloud. “I

Fintech 145

Fintech Cards System Groups 145

PYMNTS

JANUARY 13, 2020

Plaid, which was launched in 2013, is attractive to Visa because it has the technology to get access to a customer’s bank account data, collect it and aggregate it for financial services providers to use. In a 2018 funding round, Plaid had a valuation of about $2.65

United States 143

United States Fintech Cards Operations 143

PYMNTS

DECEMBER 13, 2019

Walmart India is investing in B2B supply chain management startup Ninjacart, a company that specializes in streamlining the strategic sourcing operations of the grocery sector. 13) said that Walmart India, alongside Flipkart (which was acquired by Walmart in 2018), led the investment in Ninjacart for an undisclosed sum.

Big Data 134

Big Data Operations Analytics Retail 134

PYMNTS

DECEMBER 12, 2017

In a company press release, American Express said the changes will take effect beginning in April 2018 and will apply to all merchants accepting American Express worldwide. It will also help reduce merchant operating expenses tied to retaining customer signatures.

United States 119

United States Fraud Policies Cards 119

PYMNTS

AUGUST 6, 2020

trillion in 2018. are made with cash , for example, and 63 percent of consumers have at least two credit cards. New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before. billion noncash payments totaling $97.04

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Regulation Payments Innovation Fintech 245

PYMNTS

SEPTEMBER 7, 2016

So goes the recent heated discourse on Go-Ahead , which owns Southern rail operator Govia Thameslink Railway and which has reported a 27 percent increase in profits, reaching £100 million. The pilot will run in 2017 with an aim to secure a nationwide rollout of the technology in 2018. rail system?

Training 100

Training Operations System Mobile 100

PYMNTS

AUGUST 19, 2019

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. These criminals are exploiting new technologies to commit fraud, posting adverts on social media to try and recruit money mules,” he said. Kimberly Sponaugle, was charged by the U.S.

Fraud 180

Fraud Delaware Maryland social media 180

PYMNTS

OCTOBER 10, 2019

9), Paysend announced the rollout of Paysend Connect, a business payment account that allows companies to open multi-currency business accounts, issue Mastercard corporate cards and initiate SEPA and SWIFT transfers. “By supporting businesses to do this quickly and simply, we help them to focus on their commercial operations.”

Fintech 134

Fintech Cards Software Payments 134

PYMNTS

FEBRUARY 25, 2020

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. According to SWIFT, global transfers by service providers using gpi totaled $77 trillion in 2019, nearly doubling 2018 figures.

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Payments Fraud Cards Tools 140

PYMNTS

JUNE 20, 2019

The firm also revealed in April its collaboration with Mastercard to integrate the payment company’s virtual card technology within the Bill.com platform. “Bill.com has focused on developing new technologies that help SMBs grow,” Bill.com CEO and Founder René Lacerte said in a statement at the time. ”

Cards 116

Cards Payments Meeting Technology 116