PYMNTS

JANUARY 12, 2021

Customer experience management platform provider Paytronix released its holiday gift card report on Tuesday (Jan. 12) and found a mixed bag for restaurant sales of gift cards. Its research found that overall card sales ended the year down 31.8 percent when compared with 2019. percent of all gift card spend.

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Cards Study Customer Experience Tools 149

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. suggests businesses could be following suit.

Cards 188

Cards Payments Taxes Study 188

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That trend is certainly nothing new.

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blockchain Retail Trends Mobile 170

PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. While the company is known for its payment solutions aimed at fuel for fleet services, it also has grown its corporate card and U.S. healthcare business.

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Millennials Examples Cards Groups 150

PYMNTS

SEPTEMBER 23, 2020

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. PayPal, Mastercard Add 5 EU Countries To Debit Card Offering. Germany and the United Kingdom.

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Cards Google Regulation cryptocurrency 214

PYMNTS

DECEMBER 20, 2019

That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019. In the past QSRs could screen for credit card scams right at the point of sale (POS), typically face-to-face with the fraudster. Unfriendly fraud” is fraudsters ordering with stolen cards, or legit customers making false claims.

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Mobile Fraud New York City Metro 131

PYMNTS

MARCH 12, 2020

And according to Jennifer Schroeder, executive vice president of product management at PULSE, prepaid and payroll cards are proving increasingly popular among forward-thinking employers. As has been reported, the platform can help issuers manage, or restrict, transactions across groups of compromised cards.

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Cards Fraud United States Payments 154

PYMNTS

DECEMBER 8, 2019

The Apple Card is planning to offer 0 percent installment financing on iPhones by the end of 2019, 9to5Mac reported on Saturday (Dec. During Apple’s October earnings call , chief executive officer Tim Cook hinted that the Apple Card was planning 24-month 0 percent financing for iPhone purchases. Apple Card?

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Apple Cards Branding Retail 139

PYMNTS

DECEMBER 31, 2019

percent as of 2019 — PYMNTS’ 2019 numbers are historic, trailing 12-month numbers based on data from Q4 2018 through Q3 2019. percent as of 2019 data. Its curbside grocery-pickup program has been a breakout success for the company — and a main driver of its eCommerce growth during 2019. Webster added.

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Retail Online Georgia North Carolina 136

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.

Cards 131

Cards Management Report Data 131

PYMNTS

MARCH 25, 2019

After posting better-than-expected fourth-quarter earnings results, commercial payments firm WEX announced plans to acquire the fuel card assets of EG Group, Go Fuel Card. In a press release on Monday (March 25), WEX said it will acquire Go Fuel Card, the fuel card operations of the European fuel station EG Group.

Cards 148

Cards Strategy Groups Operations 148

PYMNTS

APRIL 4, 2019

The partnership will enable Octet’s customers to use WEX’s virtual credit cards to pay their suppliers. The news comes just one week after WEX announced plans to acquire the fuel card assets of EG Group , Go Fuel Card. The unit, based in the Netherlands, will broaden WEX’s fleet payments operations across Europe.

Cards 161

Cards Strategy Payments Fintech 161

PYMNTS

FEBRUARY 20, 2020

MGM Resorts International, a hotel and casino operator, admitted it had experienced a data breach following a report saying information on 10.6 The hotel said the data breach didn’t involve any password, financial or payment card information, and that all the guests who were affected were notified of the incident.

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PYMNTS

OCTOBER 30, 2020

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs. This gives merchants the evidence they need to dispute chargebacks when credit card companies approach them to recoup their losses.

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Operations Payments Compliance System 228

PYMNTS

DECEMBER 28, 2018

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

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Millennials Lending System Data 145

PYMNTS

AUGUST 21, 2019

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. avoids cross-border and FX fees , as payments are settled in GBP, euros, U.S.

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Cards Payments United States Examples 146

PYMNTS

SEPTEMBER 18, 2019

percent from 2019 to 2023, reaching a value of $1.8 and divisions in the Netherlands, Singapore and South Korea — have embraced offerings like virtual and purchasing cards that expedite the payment workflow. . Virtual cards move payments quickly,” Phoenix said. “We Making Virtual Cards A Reality .

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Cards Phoenix Fraud Payments 116

PYMNTS

JUNE 25, 2019

Placing an order with SNAP is just like ordering with a debit or credit card. A customer enters their zip code on the ordering site to find the closest store, and then at checkout they simply pick the EBT card option for payment. When the customer gets to the store, they give their EBT card to a store associate.

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Online Cards Arkansas Retail 102

Perficient

FEBRUARY 17, 2023

Embedded Payments A 2022 study published by the Federal Reserve Bank of San Francisco noted that app payments increased as a percentage of total consumer purchases from 11% in 2019 to 15% in 2020, to 29% in 2021. At just 4 cents per transaction, the fees to the merchant are far less than the 2% to 3% fees charged by credit cards.

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San Francisco Cards Online Payments 275

PYMNTS

AUGUST 7, 2020

To remedy the problem, the Reserve Bank of India supports an option for offline payments through cards, wallets and mobile devices. To address grievances, the central bank will require payment system operators to introduce an online dispute resolution center. In addition, as the number of digital transactions rises, so do disputes.

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Payments Guidelines National System 267

PYMNTS

JANUARY 24, 2021

In 2019, criminal activity constituted 2.1 LVL, an upstart bitcoin exchange, has rolled out its own Mastercard debit card which it's taking pre-orders for, a report from CoinDesk says. The card represents some of LVL's goals to bring traditional banking services together with crypto for regular consumers. billion in transfers.

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Bitcoin Marketing cryptocurrency Cards 234

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.

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Online Data Columbus Cards 226

PYMNTS

OCTOBER 2, 2020

Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. This puts pressure on merchants to find ways to make their operations PCI compliant, and fast.

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Compliance Data Report Meeting 243

PYMNTS

FEBRUARY 28, 2019

According to Bloomberg , the retailer’s current website showcases a store locator, gift cards and some photos and other features – but no merchandise for sale. TJX-owned Marshalls is launching an eCommerce business later this year. While most retailers have seen sales suffer due to the rise of Amazon , TJX’s chains Marshalls and T.J.

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Retail Trends Conference Branding 128

PYMNTS

JANUARY 2, 2020

Landry’s owns and operates more than 600 chains, including bars, restaurants, hotels, food and beverage outlets, and casinos. The only lasting damage came from incidents where the malware affected the card readers used to enter payments for kitchen and bar orders, as well as swipe Landry’s Select Club rewards cards.

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Data Payments Cards Training 130

PYMNTS

APRIL 13, 2020

Aquilina previously spent almost eight years working in commercial card products at Mastercard prior to joining the Portland, Maine-based WEX. Bank and was in charge of fleet card programs. “As In addition, Dylan Jones will move from payments strategy operations leader to VP of operations.

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Payments Portland Strategy Innovation 239

PYMNTS

JUNE 20, 2019

According to the new Credit Union Tracker , as of March 2019 there were an estimated 5,572 CUs in operation and in the same month 324,000 consumers joined CUs. According to the Credit Union Tracker, 71 percent of customers consider credit card offerings when choosing their financial institutions. In comparison, 89.8

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Innovation Cards Analytics Video 100

Abrigo

APRIL 22, 2024

The piece covers: The small business lending market and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. trillion between 2019 and 2022.

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Lending St. Louis Community Marketing 244

Abrigo

MAY 22, 2024

The piece covers: Statistics on small business lending and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. trillion between 2019 and 2022.

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Lending St. Louis Community Marketing 195

PYMNTS

APRIL 27, 2020

Credit union service organization (CUSO) PSCU compared the week ending April 19, 2020, to the same time frame in 2019 to discover what impact the coronavirus is having on consumer spending and shopping trends. People spent more money on consumer goods, with a 20 percent increase in debit card transactions. percent, PSCU noted.

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Los Angeles Louisiana New Jersey Connecticut 150

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. We thank the 2019 judges for their help in identifying the best nominations.

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Analytics Fraud Management Innovation 52

CFPB Monitor

JANUARY 7, 2021

The CFPB has issued an approval order through its Compliance Assistance Sandbox Policy (CAS Policy) to Synchrony Bank in connection with a proposed “dual-feature” credit card (DFCC) program. The order has a 36-month duration. Once unsecured, the DFCC’s APR would be higher than the APR it had when secured.

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Compliance Cards Policies Security 78

PYMNTS

OCTOBER 10, 2019

Today in the payments news roundup, average interest rates on credit cards are approaching record levels. The founding members are supposed to pay $10 million each to back the digital currency project, and in doing so, commit to Libra operations. Credit Card Interest Rates Rise To Near-Record Levels. 14) in Switzerland.

Cards 109

Cards Payments Meeting Regulation 109

PYMNTS

JUNE 25, 2020

The New York-based financial technology company has teamed with BMO Harris Bank to deliver integrated, automated processing for its corporate card customers. Boost said its focus on B2B payments positions it to serve BMO Harris Bank’s corporate card clients with technologies and programs that helps grow spending.

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Payments United States Cards Chicago 130

PYMNTS

JANUARY 24, 2020

million users it reported in the summer of 2019. “We We added more customers in 2019 than we did in all the prior years put together,” Stalf, 34, added in an interview. The last funding round in July 2019 produced $170 million from investors including Valar, Tencent and Insight Partners. Nicolas Kopp, the U.S.

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United States Examples Marketing Fintech 193

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

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Fraud Cards Trends Report 52