PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. Wages At Smaller Firms Reach Record High. Why Turkish Banks Are Bullish On PSD2. percent year over year.

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PYMNTS

DECEMBER 16, 2020

But in the digital age of commerce wrought by the pandemic, they’re becoming a key point of friction between consumers, merchants and issuers. Clarity would also help issuers and merchants avoid the hundreds of millions of dollars in chargebacks that add to friction in commerce (and additional operating costs, of course).

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PYMNTS

OCTOBER 6, 2020

The Singapore-based financial technology company said the move is part of its goal of establishing “the world’s first global youth bank.”. Right from the start, we have been very excited about our collaboration with Visa to transform the digital payments experience globally,” said LiMeng Lee , Razer Fintech CEO, in a press release.

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PYMNTS

DECEMBER 21, 2020

It was the main question put to a panel of payments and customer-facing professionals who told Karen Webster that the “old” ways of doling out rewards, on a merchant-by-merchant, point-by-point basis — even with thresholds in place before redemption — no longer applies.

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Gonzobanker

DECEMBER 14, 2023

Bank leaders must feel like Rocky Balboa after 15 rounds with Apollo Creed. Just think of what the industry dealt with in the last 12 months: The brunt of the unprecedented scope and pace of Fed rate hikes hit home, and banks have seen an.80 The housing industry, and mortgage banking revenue, came to a stop. What a year.

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Bobsguide

JULY 7, 2022

Financial institutions and retail brands gain a new embedded finance platform to help consumers access regulated loans at point-of-sale, powered by Banking as a Service. Financial institutions, distributors and merchants will benefit from a platform that makes it easy for their customers to access lending options.

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PYMNTS

JULY 17, 2019

The second Payment Services Directive ( PSD2 ) groundwork laid out in 2016 is about to come to fruition in a few months – Sept. The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. The PSPs could do a better job of educating merchants,” he said. “I

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PYMNTS

DECEMBER 14, 2020

merchant referrals it did on Black Friday alone. The ability to be a marketing channel for the hardest-to-reach customer base, the millennial and Gen-Z cohort, is really a privileged position to be in,” Molnar said. million U.S. And now that the company has amassed a base of 13 million U.S.

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PYMNTS

AUGUST 23, 2019

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. This means, of course, that using cryptos in commerce is, thus far, a limited proposition. dollars (or Canadian currency).

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PYMNTS

MAY 14, 2018

Yet merchants and marketplaces on the front lines know it’s never that simple. It’s not just about getting payments from buyers to sellers; it’s also about ensuring that those sellers can pay their suppliers, manufacturers and the workers who provide services through the marketplace. Geographical Reach.

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PYMNTS

JULY 11, 2018

One bank says it warned Ticketmaster about a malicious software breach that leaked the personal information of tens of thousands of customers months before the company alerted the public. But Monzo , a mobile-only bank based in the U.K., That merchant was Ticketmaster. percent of all our customers had used Ticketmaster.”

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PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. The silver lining for us has been Jack Henry,” Waterhouse told Webster.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future. It all depends on how you look at it — and where you look, of course.

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PYMNTS

OCTOBER 22, 2020

As infection and mortality rates rose and consumers became more concerned about their health and the health of others, it’s not hard to understand why their interest in contactless payments – tepid at best in a pre-pandemic world – skyrocketed overnight. Afterpay’s Banking Expansion .

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PYMNTS

OCTOBER 16, 2020

This funding round represents a critical milestone for Finexio, enabling us to leverage our innovative payments platform to reach more customers just as CFOs are seeking cost reductions and greater automation in the face of margin compression and cash flow challenges due in part to COVID,” Finexio CEO Ernest Rolfson said in the announcement.

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PYMNTS

DECEMBER 3, 2018

Savage published research about how consumers process information when making decisions. They also mentally bucket – and then disregard – inputs that may be important, but not important enough to change their minds about something they really want to do. That’s about 2,000 decisions every hour, or one every two seconds.

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PYMNTS

MARCH 16, 2020

Conference of Mayors stating its subtle displeasure about retailers finding out about mandatory store closures in the press. Advance notice, the retailers’ groups say, will help merchants prepare for potential panic-buying and enable stores to scope out supply chain issues. “We

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Celent Banking

SEPTEMBER 10, 2014

This approach also turns card provisioning on its head – instead of starting with banks and TSMs, it starts with the customer who can take a picture of the card and have it “tokenised” immediately (assuming it is issued by one of the participant banks.). How will the merchants react? One view is that they won’t.

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PYMNTS

JUNE 24, 2019

Capital One Financial Corporation announced Friday (June 21) that it has reached an agreement to acquire purchase-to-payment and credit management company BlueTarp. BlueTarp’s CEO spoke with PYMNTS back in 2016 about some of the biggest challenges in the B2B payments and accounts receivable management market.

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PYMNTS

FEBRUARY 18, 2019

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. Consumers today can use Alexa to order food, book an Uber and do their banking – and they do.

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PYMNTS

DECEMBER 4, 2018

These tourists, business travelers and others entrusted the Starwood hotel guest reservation database with details about their payment cards; home, work and email addresses; passport numbers and images; reward accounts and general travel habits. Why did the bank robber rob the bank? In a new PYMNTS discussion on Monday (Dec.

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PYMNTS

DECEMBER 16, 2019

There’s a famous Steve Jobs quote, though, that I think frames any conversation about the future in a more thoughtful way. Jobs said that predicting the future can’t be based simply on assumptions about what might happen. Only then, he said, can one get clarity about how those dots can guide innovators about the future.

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PYMNTS

JANUARY 1, 2020

There’s a famous Steve Jobs quote, though, that I think frames any conversation about the future in a more thoughtful way. Jobs said that predicting the future can’t be based simply on assumptions about what might happen. Only then, he said, can one get clarity about how those dots can guide innovators about the future.

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PYMNTS

NOVEMBER 11, 2016

Indeed, spending on global business travel has been on the rise in the years since the Great Recession, reaching a record $1.2 Airport billboards and tourist brochures would seem to be a rather crude way to reach tourists in the age of smartphones and digital marketing analytics. The heavy lifting.

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PYMNTS

NOVEMBER 5, 2019

As merchants go global, the pressure grows for payment capabilities to localize. That is to say, as organizations expand on an international scale and reach new customers, those businesses must allow consumers to pay the way they want for the optimal end-user experience.

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PYMNTS

OCTOBER 30, 2018

The company said that gross dollar volume, which is the total dollar volume of transactions processed, reached $1.4 Hund-Mejean said of B2B transactions, “we said in the past that it is about 11 percent of our total volume in this point in time, and that it is growing in the mid to high teens depending on how you look at it.”

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PYMNTS

MARCH 14, 2017

New digital authentication tools are allowing India’s rural consumers to open bank accounts in the blink of an eye. As India moves to a cashless society, new digital banking tools — such as iris scanning technology — are being adopted by the nation’s banks to help verify customers’ identities.

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PYMNTS

MARCH 25, 2019

While the competition part of the story is usually where the action is in payments and commerce – who’s ahead, who’s behind, who’s innovating, who’s imitating – sometimes the news isn’t about who is getting ahead, but who is working harder to get there. I have never been more excited about the future of FIS.”. merchant customers.

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PYMNTS

MAY 1, 2020

Banks are reserving tens of billions of dollars against potential credit card and loan defaults. Used correctly and ethically, AI can even help us, as a society, re-emerge from the shadows of the coronavirus by aiding public health efforts and getting consumers back into the physical world and spending. percent year over year.

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PYMNTS

SEPTEMBER 20, 2017

Marching down the aisle may eventually deliver a whole new bundle of … wait, we’re not talking about babies. We’re talking about payments. That growth, he continued, would be magnified jointly — “more than either of us could do on our own.” merchant acquirers as of this year. Lots of them. food service provider.

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PYMNTS

JANUARY 21, 2019

The letter cited what has become the all-too-familiar talking point about the state of faster payments in the U.S. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses.

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PYMNTS

OCTOBER 31, 2016

In international activity as measured by volume, Mastercard said that worldwide activity (outside the US) was up 5.7 One is the “digital by default strategy” through which issuers are able to auto enroll cardholders through their banking applications, a process that Banga said “drives scale for us.” percent, Canada was up 9.8

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PYMNTS

DECEMBER 4, 2018

Services offered include price protection and free food delivery, once users reach certain spending thresholds. This all should serve as food for thought as the holidays are upon us. In September, Bank of America announced that it would roll out a Premium Rewards credit card that offers customers unlimited points that never expire.

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Gonzobanker

MAY 12, 2020

Banks and credit unions report the pandemic’s impact on customer behavior. There have been all sorts of discussions about the impact of COVID-19 on branches, customers and banking activity. Last week we asked 14 clients to complete a quick survey to let us know what they are seeing.

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PYMNTS

NOVEMBER 24, 2016

So in honor of Thanksgiving 2016, with a big assist from the innovators who’ve helped us throughout the year with our new Matchmakers series, we decided to write the starter menu for innovators and matchmakers. We’re not at all sorry about the food puns. Many merchants are beginning to realize that it’s not that people like to pay.

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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. For the full year 2018, total P2P volume increased 49 percent to about $149 billion.

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CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

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