Payments Source

JANUARY 8, 2021

The COVID-19 pandemic of 2020 saw some businesses become big winners — such as Zoom, Home Depot and payments companies like PayPal — while other businesses suffered heavily, most notably the travel and hospitality industries.

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Cards Industry Payments Company 159

Perficient

MARCH 23, 2021

In this year’s study, we compare 2019 and 2020 traffic patterns in the U.S. websites in 2020, up from 57% in 2019. of all visits in 2020, and tablets drove the remaining 3.3% of all visits in 2020, and tablets drove the remaining 3.3% of all website visits in 2020 came from mobile devices—an increase from 63.3%

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Mobile Study Community Industry 421

Chris Skinner

FEBRUARY 5, 2020

Things we’re reading today include … RBS’s digital bank Bo tells customers to shred their cards Starling hits 100,000 business customers as SME banking hots up UniCredit cuts further its stake in Turkey’s Yapi Kredi Barclays faces fresh investor revolt over fossil fuels What the City needs from an EU … The post Things (..)

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Digital Banking Cards 278

Chris Skinner

JUNE 3, 2020

Things we’re reading today include … Mastercard boss: ‘Leaders must reassure staff’ Wall Street closes sharply higher on signs of economic rebound Bank of England urges lenders to bolster no-deal Brexit plans Cards made up more than half of payments ‘for first time’ last year George Floyd: SoftBank launches $100m (..)

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Cards Payments 260

Chris Skinner

FEBRUARY 3, 2020

Things we’re reading today include … Goldman Sachs in Amazon talks over small business loans FCA: credit card firms must stop suspending all users in debt spiral Travelex: Bank currency services still offline after hack Only two women applied for Bank of England governor role Worldline to buy Ingenico for … The post Things worth reading: (..)

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Cards 250

Chris Skinner

APRIL 2, 2020

Things we’re reading today include … JPMorgan on collision course with US Treasury over rescue loans 130K inquiries, 1K loans: why UK government had to tweak help for small firms Denying coronavirus loans ‘completely unacceptable’ banks told Loan and credit card payments to be frozen for three months in UK … The post Things (..)

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Course US Cards Payments 242

PYMNTS

NOVEMBER 30, 2020

Will Black Friday 2020 mark the beginning of a new, digital-first holiday shopping tradition, or will consumers return to their block-long queues after the pandemic has subsided and they are once again free to shop in stores? 28, 2020, to find out how they are commemorating the traditional kick-off of the holiday shopping season.

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Data Online Cards Google 321

Bank Innovation

DECEMBER 4, 2019

Koho, a Toronto-based digital banking startup, is on track to expand its product suite to include credit and savings products in 2020, CEO Daniel Eberhard told Bank Innovation on Wednesday. In late November, the […].

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Tools Digital Banking Innovation Cards 332

Accenture

JUNE 10, 2021

Key themes Purchase volume has continued to show signs of recovery and most issuers are now reporting YoY growth for the first time in a number of; reported spend volumes at or above Q1 2020 levels; all issuers reported modest QoQ declines in spend as is typical following the holiday period Receivables growth continues to….

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US Cards Report Payments 243

Accenture

SEPTEMBER 16, 2021

YoY purchase volume growth was substantial given that Q2 2020 was the height of the…. The post Q2 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog.

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US Cards Payments 221

PYMNTS

JANUARY 8, 2021

Roughly 8 million stimulus check Visa debit cards are being mailed to households this week, the U.S. The Economic Impact Payment (EIP) cards were issued by MetaBank, N.A. The EIP cards will arrive by the USPS in a white envelope that “prominently displays the U.S. Treasury Department said in a press release on Thursday (Jan.

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Cards Taxes Payments How To 322

PYMNTS

JANUARY 27, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement. For an introvert like me there was always a moment of anxiety.

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Innovation Cards eBook Video 255

PYMNTS

NOVEMBER 20, 2019

Payments credit union PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus credit unions.

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Cards Risk Management Study Payments 117

PYMNTS

DECEMBER 11, 2020

Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Digital Gift Cards ’ Growth. For instance, people are simply directing more spend at gift cards this holiday season. Not All ‘Gift’ Cards Are Gifts .

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Cards United States Strategy Retail 291

PYMNTS

JANUARY 7, 2021

(AmEx) harnessed strong and deceptive sales practices for card sales to business owners and if clients experienced negative effects, The Wall Street Journal reported Thursday (Jan. 7), citing unnamed sources. A representative for AmEx told WSJ, “We have robust compliance policies and controls in place, and do not tolerate misconduct.”

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Cards FDIC Policies Risk Management 242

Payments Source

JANUARY 10, 2020

A strong economy in 2020 could lift the small-business card market, which is an important source of lending and payments for entrepreneurs and local merchants.

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Cards Trends Lending Marketing 120

Gonzobanker

DECEMBER 22, 2020

This Year was brought to you by the number 2020 and the letters W, T and F” – Big Bird (more or less). Sit back and enjoy our take on the best and worst of banking in 2020 as you celebrate the holidays. Most Oft-Heard Statements of 2020. Kudos to blazing new trails that many institutions are taking on in 2020.

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Idaho Community Industry Strategy 181

PYMNTS

DECEMBER 12, 2019

11), that public pilot officially came to an end, as Penn Station was added to the New York list of MTA stations that enables open payments using network-branded contactless cards. By the end of 2020, all rail lines and buses will be enabled.”. We have every expectation that we will achieve full enablement by the end of 2020.

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New York US Payments Training 167

Accenture

APRIL 24, 2020

The previous five posts in this series looked at some truly exciting and important trends that are shaping the payments landscape in 2020. In this final post, we’ll look at what might be the most influential of them all: the movement of the credit card giants into interbank payments. Card giants like Mastercard, Visa and….

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Cards Payments Trends 223

PYMNTS

JANUARY 24, 2021

Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. percent, or $10 billion, by 2020, the report says. The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. In 2019, criminal activity constituted 2.1 billion in transfers.

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Bitcoin Marketing cryptocurrency Cards 234

PYMNTS

SEPTEMBER 7, 2020

The year 2020 began inconspicuously — but in a few short weeks, everything changed. In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business.

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Cards Tools Capital Payments 246

PYMNTS

SEPTEMBER 9, 2020

The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Lawmakers Eye Expanded Fleet Card Use. Fleet service cards act just like credit cards at a gas station," Rep. Lawmakers in the U.S.

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PYMNTS

AUGUST 10, 2020

The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet. Only 13 percent of consumers and 8 percent of microbusinesses get their money through an instant payment to a debit card, credit card, digital wallet or prepaid card. We surveyed more than 5,000 U.S.

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Report Payments Millennials Cards 228

PYMNTS

NOVEMBER 18, 2020

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of New York. Non-housing balances — credit cards, auto loans, student debt — are up $15 billion.

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Cards US New York Report 310

PYMNTS

DECEMBER 3, 2020

Of the many data-based insights contained in the new Black Friday 2020 Report: Crossing the Digital-Physical Shopping Divide , one line captures the mood of this just-concluded commerce holiday weekend: “Concerns over COVID-19 were present, but were secondary to consumers who craved convenience.”. consumers taken on Saturday (Nov.

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PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

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Course Cards Capital Payments 202

PYMNTS

DECEMBER 5, 2019

Grab is introducing Asia’s first numberless card in batches, with Singapore launching on Thursday (Dec. 5) and the Philippines during the first quarter 2020, the company announced in a press release. Users can apply for the physical numberless card after receiving their digital cards.

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Cards Digital Banking Retail Payments 159

PYMNTS

DECEMBER 15, 2020

Recently released survey results from the Institute of Financial Operations & Leadership (IFOL) — an organization that provides training and certification in areas like AP and accounts receivable (AR) — show a sharp rise in the portion of companies that automated at least some of their AP practices between Q1 2020 and Q3 2020.

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Cards Payments Leadership Report 267

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 rise in average spend per gift card during 2020.

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Cards Study Customer Experience Tools 149

PYMNTS

NOVEMBER 16, 2020

They have paid down their credit cards. The main one centers on the drop in credit card spend. A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019.

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Cards Retail Survey Trends 302

PYMNTS

OCTOBER 6, 2020

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. Splittable Card Payments . Instead, Venmo’s entire DNA is digital. Designing In Choice.

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Cards Mobile User Experience Payments 313

PYMNTS

FEBRUARY 5, 2020

FinTech unicorn Airwallex is partnering with Visa to introduce a borderless card for businesses, the companies announced on Wednesday (Feb. The Airwallex Borderless Card is being debuted in Australia after being introduced at the innovation festival Pause Fest 2020 taking place in Melbourne Feb. and Hong Kong.

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Cards Regional Security Payments 177

PYMNTS

MARCH 25, 2019

And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Card.

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Apple Cards America Payments 203

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

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Report Fraud Risk Management America 247

PYMNTS

DECEMBER 18, 2020

The National Restaurant Association ’s initial 2020 outlook was bright, as it projected sales just shy of $900 billion. The Fraud Threats Of 2020. Most customers bypass restaurants entirely when trying to perpetrate chargeback fraud , with 76 percent of cardholders going directly to their payment card issuers.

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Fraud Trends Security social media 229

PYMNTS

JUNE 22, 2020

To provide a new method for cardholders to save on their cell phone bills, Verizon plans to debut the Verizon Visa Card. We worked in partnership with Verizon to create a unique, robust rewards program for their customers that uses simple and easy tools to apply, buy and service the card account.”.

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Cards Mobile Tools Retail 181

PYMNTS

DECEMBER 31, 2019

Yet, a year from now, we’ll be knee-deep in wrapping paper, and just emerging from the post- holiday frenzy of 2020. shoppers “finally [beginning] to embrace mobile payments and contactless cards to pay in-store.”. That shift will be driven, in part, by more card issuance from banks, said Garg. According to Akash Garg, U.S.

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eBook Millennials Cards Survey 170