PYMNTS

SEPTEMBER 30, 2020

But Johan Gerber , Mastercard ’s executive vice president of security and cyber innovation, told Karen Webster in a recent conversation that too often consumers are dealing with merchants they did shop with, but whose names showed up funny on credit card statements and weren’t immediately recognizable.

Cards 220

Cards Online Fraud US 220

PYMNTS

OCTOBER 21, 2020

“Despite the angst around COVID and all of the attention that it requires, it dawned on us that our partners and our consumers both continue to feel the urgency to do something about the climate,” Lambert told Webster, pointing to recent wildfires in the United States, the Amazon rain forest, Africa and Australia as catalysts.

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social media United States Cards Trends 251

PYMNTS

OCTOBER 7, 2020

The expansion of digital banking and payments has also contributed to a rise in cybercrime — 32 percent of consumers noted in one study that they had been the targets of COVID-19-related fraud, for example. Consumers are still placing a premium on speed, with many looking to onboard with new banks or merchants as quickly as possible.

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Online Report Tools Fraud 223

PYMNTS

OCTOBER 8, 2020

Merchants and consumers alike are placing greater emphasis on digital connectivity during the pandemic, prompting retailers to support swift and smooth onboarding processes that appeal to new users. We have bank-level encryption to ensure information is safe and secure. Balancing Seamlessness And Security.

Security 208

Security Branding Retail Fraud 208

PYMNTS

DECEMBER 9, 2020

It feels like it’s happening all at once, but it really isn’t, Pollinate Founder and CEO Alastair Lukies CBE told Karen Webster in a recent discussion about the shifting payments landscape and the role banks will play. Banks Let Themselves Get Left Behind.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

JULY 16, 2019

Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. In the latest PSD2 Tracker™ , PYMNTS examines how merchants and banks alike are dealing with SCA as the clock continues to tick. Why ING Is Taking A Platform Approach To PSD2 and Open Banking.

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Strategy social media Regulation Retail 188

Gonzobanker

AUGUST 10, 2022

Gonzobankers might want to warn their customers that their credit card rewards may go away because the merchants’ favorite senator is at it again! Merchants will claim this lowers consumer costs and breaks the duopoly held by Visa and Mastercard. Banks, credit unions, Visa, MC? is 100% for merchants. became law.

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Cards Illinois United States Community 148

PYMNTS

SEPTEMBER 14, 2020

Criminals are not the only security threats financial institutions (FIs) and their merchant clients face — these entities often need to defend themselves against consumers as well. Why Customers Go Bad. Undeserved chargebacks are no trivial issue, either, as the number of such false claims rose 41 percent between 2016 and 2018.

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Fraud Retail Cards Examples 176

PYMNTS

MARCH 6, 2020

The Central Bank of Brazil has announced plans to release an instant payments system, which will use QR codes for ease. The payments network will allow merchants in the country to receive funds just by having consumers scan QR codes on their cell phones. About the Tracker.

Payments 304

Payments New York Metro New York City 304

PYMNTS

AUGUST 8, 2019

The regulation is aimed at protecting consumers and merchants alike from fraudsters and other online criminals wishing to access their financial information, which means increased security at online checkout. While the reason for the new rule is noble, most merchants within the European Union still don’t know it exists.

Regulation 144

Regulation Fraud Maine Online 144

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. To find out more about how U.S. To find out more about how U.S. To learn more about U.S.

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Data Retail US California 199

PYMNTS

JULY 21, 2020

Open banking is appealing to financial institutions (FIs) and regulators in many markets, even as the pandemic sweeps across the world. Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems. Around The Data Protection World.

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Mobile Report America Regulation 229

PYMNTS

JULY 15, 2020

Shedding some light on just what the bad guys want — and why and how they are angling to get it — means that the financial services ecosystem can effectively head them off at the pass. Merchants “have had to pivot, quickly, to an online presence,” noted Bayliss. Merchants need to understand who’s shopping online,” said Bayliss.

Fraud 250

Fraud Course Online Data 250

Gonzobanker

AUGUST 3, 2023

disrupted banks’ income on debit cards. While banks won’t immediately feel the effects that Durbin 1.0 Traditionally, bank and credit union card issuers have benefitted financially from the fierce competition between the Visa and Mastercard brands. Banks should not make brand decisions, sig or PIN, based solely on this data.

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Cards Payments Branding ATM 147

PYMNTS

AUGUST 7, 2020

While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their domestic ones have. Merchants’ Competitive Edge.

Policies 302

Policies Online Retail Payments 302

PYMNTS

OCTOBER 28, 2020

When asked why he robbed banks, Willie Sutton — the famous criminal with four decades of bank robbery experience — is said to have offered what was likely history’s clearest answer: “Because that’s where the money is.”. As such, one of the unfortunate assumptions merchants must make at this point is that “everything is breached.”

Fraud 280

Fraud Retail Tools Data 280

PYMNTS

APRIL 4, 2019

About six in 10 consumers have said they would be open to banking with non-FIs if they could — especially with big-name brands like Amazon , PayPal and Walmart. Younger consumers, as it turns out, are particularly open to receiving financial services from retail merchants and FinTech firms. In the Where Will We Bank Next?

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Survey Branding Retail Fintech 168

PYMNTS

NOVEMBER 30, 2020

At a time when surging coronavirus counts are once again muddying the outlook for consumers and business owners, MerchantE Chief Financial Officer Shim Steinmetz says the crisis has also provided a silver lining of sorts to nimble FinTechs that can solve merchants’ cash crunch problems. Fast Payments Are Crucial Right Now.

Fintech 211

Fintech Innovation Analytics Seattle 211

PYMNTS

OCTOBER 16, 2018

Merchants are facing a sizable number of card declines, which are stubbornly averaging at around 15 percent. Merchants are now getting swamped with declines,” Modo Chief Executive Bruce Parker told PYMNTS in an interview. To make this happen, merchants need the ability to talk to many different processors.

Cards 140

Cards Las Vegas System Training 140

South State Correspondent

OCTOBER 25, 2023

Halloween is approaching, so we might as well talk about death. Checks are dying and about to die quicker, given the rise of instant payments. In the next two years, many banks will have strategic plans to phase checks out, given their cost and reduction in frequency. The number of checks written hit about 8 billion in 1952.

Fraud 195

Fraud ATM Payments Management 195

Chris Skinner

JULY 21, 2017

There’s an old joke about the guy who’s lost driving in the countryside who stops to ask a pedestrian how to get to the city. The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how banks feel today. It is almost like banking in an apps store.

Fintech 361

Fintech System Apple Technology 361

PYMNTS

FEBRUARY 4, 2020

banks are expected to tighten standards for 2020 business loans, Wordline is buying rival payments firm Ingenico, and Alphabet released fourth quarter earnings on Monday. banks are expected to tighten criteria for business loans this year due to an increased expectation of default as risk tolerance drops along with the value of assurances.

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Payments Lending Maine Retail 130

Accenture

AUGUST 20, 2019

Guest bloggers Emily Boese and Rom Mascetti explore why ISVs have plenty to gain and little to lose by adding payment acceptance into their existing software and applications. Merchant acquirers and other payment service providers have long provided merchants the tools they need to process payments.

Software 150

Software Capital Payments Analysis 150

PYMNTS

MAY 27, 2020

More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. That makes it critical that the merchants enact strong protections against CNP payments fraud.

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Fraud How To Analysis Strategy 245

PYMNTS

JANUARY 15, 2021

Businesses of all types are deploying new initiatives to meet this demand, with merchants like CVS Pharmacy rolling out QR-based payment integrations at store locations across the country, and payments providers like Square and PayPal introducing QR codes at their point-of-sale (POS) systems. About The Tracker.

Retail 207

Retail Security Payments United States 207

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

Retail 162

Retail User Experience Compliance Regulation 162

PYMNTS

JUNE 29, 2020

FDIC) is looking to modernize bank reporting. After spending years fine-tuning travel reward cards, banks have found that the pandemic decimated all the effort by reducing the need or will to travel. FDIC Looks To Modernize Bank Reporting. Plus, the Federal Deposit Insurance Corp. The Federal Deposit Insurance Corp.

FDIC 142

FDIC Cards Payments Regulation 142

PYMNTS

JUNE 6, 2019

But as PSD2 looms, with new requirements for customer authentication, “wait and see” may hit merchants and other European firms right in the bottom line. As McLain noted, when it comes to privacy and GDPR for merchants, “at the end of the day, it’s about allowing consumers to exercise their rights under that regulation.”

Fraud 180

Fraud Exercises Regulation Study 180

PYMNTS

OCTOBER 30, 2018

Bank of America Merchant Services, the payments, eCommerce and security solutions company, announced Tuesday (October 30) that it and talech, a cloud-based restaurant management software company, are teaming up to roll out a point of sale solution for the full-service restaurant and bar industries.

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America Survey Software Data 134

PYMNTS

JULY 2, 2020

This is a problem faced by many elderly Australian consumers who have bank accounts but do not have payment cards, and it is an especially troubling situation given that older consumers are among those at highest risk of experiencing severe effects from COVID-19. Find more about these and the rest of the latest headlines in the Tracker.

Fraud 222

Fraud Cards Florida Trends 222

PYMNTS

SEPTEMBER 16, 2019

The latest PSD2 Tracker looks into how EU merchants and retailers could leverage biometric authentication to better comply with SCA. Online merchants could collectively lose approximately $57 billion in 2020 due to SCA adjustments, under current levels of preparedness. Because merchants are essentially passengers in this process.

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Compliance Guidelines Regulation National 130

PYMNTS

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. That brings [smaller] banks an immediate string of deposits,” Good said.

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Community Bank Community Operations Leadership 116

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 .

Trends 193

Trends Payments Retail Meeting 193

PYMNTS

APRIL 27, 2020

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Plus, the CEO of Bank of America called on Congress to give funding to all small- to medium-sized businesses (SMBs) in need. Here’s why.

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Video America Fraud Cards 131

PYMNTS

OCTOBER 8, 2019

Furthermore, according to the latest edition of PYMNTS’ PSD2 Tracker , only 40 percent of merchants operating in the European Union that are aware of SCA reported being ready as of that date. In talking to CyberSource’s merchant clients, the response to the delay, and the move to a more phased rollout, has been popular.

Compliance 156

Compliance Security Industry Regulation 156

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. Why Turkish Banks Are Bullish On PSD2. Alibaba On Why US Is The ‘Testing Ground’ For Global B2B eCommerce.

Fintech 133

Fintech Payments Digital Banking America 133

PYMNTS

JANUARY 2, 2020

Banks and FinTechs in the European Union have settled into a period of harmony with the revised Payment Services Directive (PSD2). These financial institutions ( FIs) have recognized how this regulation has affected the EU financial ecosystem, and they have passed that familiarity onto the merchants and payment providers that work with them.

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Regulation California Regional Fintech 131