PYMNTS

DECEMBER 6, 2019

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. The survey measures payment behavior via the daily recording of the spending of U.S.

Study 101

Study Report Cards San Francisco 101

PYMNTS

DECEMBER 12, 2019

When Visa launched a contactless payments pilot with New York’s Mass Transit Authority (MTA) seven months ago, the company started small, and with modest goals. This “public pilot” made contactless payments available on a few train lines, and only at 16 stations, including Grand Central Station and Union Station. Yesterday (Dec.

New York 167

New York US Payments Training 167

PYMNTS

NOVEMBER 23, 2020

That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors.

Mobile 289

Mobile Boston Fraud Colorado 289

PYMNTS

NOVEMBER 15, 2019

Welcome to the PYMTS Weekender, where we recap the week’s biggest development in payments and commerce. This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and why Google is working more closely with financial institutions. Facebook Launches ‘Facebook Pay’ For Cross-App Payments.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

NOVEMBER 14, 2018

Online shopping is on a tear, and marketplaces are reaping the rewards. To help bring these options to shoppers, a growing group of payments players are fostering partnerships to accept new payment methods and improve their offerings. At the same time, Seat Geek is offering Apple Pay as Shopify added Venmo as a payment option.

Retail 131

Retail Payments Apple Online 131

PYMNTS

OCTOBER 12, 2020

The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system. To be sure, recent PYMNTS research shows an increasing comfort level with digital payments, in general.

Boston 233

Boston System Online Payments 233

PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

Boston 177

Boston Security System Cards 177

PYMNTS

JANUARY 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. The ability for merchants to surcharge in the U.S. is nothing new.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

NOVEMBER 26, 2019

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. 25) that it will sell its StubHub ticketing operations to online ticket reseller Viagogo Entertainment Inc. StubHub Sale Signals eBay’s Refocus On Core Business. The marketplace company said on Monday (Nov.

United States 130

United States Community Payments Massachusetts 130

PYMNTS

NOVEMBER 26, 2019

Many card-based solutions have recently debuted, aimed at helping businesses to more easily track expenses, and gain insights into how company funds are spent in the field. The solution also allows managers to set limits on how much money can be spent with the cards, and cancel or freeze them at any time, if necessary. Yordex , a U.K.-based

Tools 141

Tools Boston Cards Management 141

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Since the pandemic started, Crowe says, more customers are opening online or mobile accounts and making remote payments. Online U.S. By Elizabeth Judd.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

MAY 1, 2018

Welcome to Five at Five , your late look at some of the freshest payments news of the day. Today’s stories include a new mark in the evolving relationship between payments and biometrics, along with a look at possible new regulation for digital currency. Mastercard Introduces Remote Biometric Card Enrollment.

Regulation 101

Regulation Boston Bitcoin cryptocurrency 101

CFPB Monitor

APRIL 3, 2017

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. The report also highlights complaints from consumers in Massachusetts and the Boston metro area. Consumers complained about the terms of deferred-interest programs, including confusion as to how payments were applied to multiple balances.

Massachusetts 89

Massachusetts Cards Report West Virginia 89

PYMNTS

OCTOBER 13, 2016

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. Korean consumers see no evil in mobile payments. can now use their PayPal accounts for contactless payments. is mired in cybersecurity anxieties.

Mobile 100

Mobile Payments Apple Samsung 100

CFPB Monitor

APRIL 3, 2017

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. The report also highlights complaints from consumers in Massachusetts and the Boston metro area. Consumers complained about the terms of deferred-interest programs, including confusion as to how payments were applied to multiple balances.

Massachusetts 74

Massachusetts Cards Report West Virginia 74

PYMNTS

NOVEMBER 11, 2019

Early accounts seem to indicate that the just-launched Apple -branded credit card is finding its way into customers’ hands, and into heavy use. According to issuer Goldman Sachs , they have opened up about $10 billion in credit lines in just over month for the Apple Card. Of that $10 billion, Apple Card?

Apple 101

Apple Massachusetts Data Cards 101

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. Apple Pay’s Digital-First Disconnect. Take PayPal, for example.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

MARCH 6, 2017

While many in the Greater Boston area stayed indoors to keep clear of the arctic chill that had descended upon the region, eight teams hunkered down in offices in the middle of the Financial District with another goal in mind: reimagining the retail and payments experience using AR/VR technologies. Payment-enabled, of course.

Retail 101

Retail Payments Boston Innovation 101

PYMNTS

AUGUST 4, 2016

The latest news on mobile payments shows that the big banks are wanting in on the mobile wallet race, but are they already too far back in the pack? Here’s the latest news on the mobile + payments + commerce front. Miami Transportation To Offer Mobile Payments. Miami Transportation To Offer Mobile Payments.

Samsung 100

Samsung Google Mobile Millennials 100

PYMNTS

MARCH 19, 2018

After all, Boston managed to have a St. But whether one is watching the weather, the game, or payments and commerce, that old adage “expect the unexpected” remains in effect, since the unexpected had a way of continually cropping up last week. Sometimes, the unexpected is good. Sorry, former President Obama , better luck next year.).

Data 108

Data Cards Online Retail 108

PYMNTS

JANUARY 15, 2018

It also explains why some innovations in payments have been met with open arms by consumers and others given the cold shoulder. And why advances in the field of voice and visual, particularly when applied to authentication, are poised to become such a disruptive force across the payments and commerce landscape.

Innovation 109

Innovation Payments Google Training 109

PYMNTS

MARCH 29, 2018

In investment news, Boston-based Flipside Crypto notched $3.4 The company plans to use the funding to develop tools and algorithms that scan the online crypto market and serve as the basis of its investment recommendations. Newegg doesn’t actually accept bitcoin directly: It uses BitPay to process the payments. In the U.S.,

Bitcoin 111

Bitcoin cryptocurrency Boston Groups 111

PYMNTS

OCTOBER 22, 2018

fans traveling to Boston for the start of the World Series will want to pack — and possibly purchase for the first time — sweaters, as this week will be an excellent opportunity to enjoy New England’s crisp fall weather. In payments and commerce this week, a fall chill also rolled through. Gift Cards’ New Unfavorable Fans.

Data 134

Data Fraud Cards Regulation 134

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. turning Digital p2p payments into debit cards.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

FEBRUARY 18, 2019

For those charged with managing the consumer’s trust and safety when transacting online, and in the midst of increasingly clever cybercrooks, being comfortable going against the status quo flow has become much more important than ever before, he said. Card Networks Want to Raise Their Prices. have been settled.

Cards 169

Cards Course Study New York 169

PYMNTS

JANUARY 7, 2021

Online FinTech startup SoFi announced Thursday (Jan. Earlier this year, SoFi acquired payments firm Galileo for $1.2 7) that it was merging with publicly-traded Social Capital in an $8.6 billion, and also expanded internationally by purchasing Hong Kong-based investment app 8 Securities.

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

SEPTEMBER 10, 2018

Today, payments innovators want to better understand how their innovation could make existing ecosystems stronger and healthier, destroy them on the way to creating something different (and they think better) or blunt their ambitions entirely. Decomposers are the ecosystem wild card. Absent an energy source, the ecosystem dies.

Innovation 146

Innovation Cards Payments San Francisco 146

PYMNTS

JUNE 9, 2017

It’s got a new mobile app, new theme colors, new payment options and even a new name — the “Kitchen” was added recently to emphasize the quality, healthy ingredients in every meal. Now they can earn points no matter how they pay, even if they opt to use a credit card or cash. That’s the biggest win for our guests,” said Rettker.

social media 109

social media Mobile Boston Payments 109

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). and was followed by the great cybercriminal migration to the web and card-not-present transactions. True in 2009.

Innovation 177

Innovation Payments Cards Retail 177

Independent Banker

DECEMBER 13, 2015

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. Bill payment. View credit card balances, transaction history.

Community Bank 70

Community Bank Boston Community Iowa 70

Independent Banker

NOVEMBER 24, 2015

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. Bill payment. View credit card balances, transaction history.

Community Bank 70

Community Bank Boston Community Iowa 70

PYMNTS

NOVEMBER 29, 2019

And the PYMNTS Weekender is here to make sure you didn’t miss anything — and that you start off December right, with the latest in payments and commerce news. Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes? Paytm , India’s mobile payments startup, said on Monday (Nov.

Google 129

Google Mobile Data Capital 129

PYMNTS

FEBRUARY 1, 2019

Items available for sale will range from the Air Force 1 drops to The Ten Collection — items that Nike said in an online post are “specific to Atlanta’s vibe.” The store’s concept, which was dubbed Nike NYC, was to blend the online and offline worlds with the help of smartphones. It makes that purchasing much easier.”

Atlanta 127

Atlanta Retail New York City New York 127

PYMNTS

JULY 16, 2018

It’s Boston. It’s February (or maybe it’s May, because it’s still snowing in Boston). The firms are eyeing a confluence of mobile commerce, digital marketing and ease of payments. Picture this. It’s snowing. A driver has to pull over and get gas. It’s the kind of commerce that engenders no joy. The Available Data.

Millennials 109

Millennials Boston Retail Mobile 109

PYMNTS

JUNE 25, 2018

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. Another had an offer with a promo code to get $10 off my first online order, which would be delivered free to my front door in two hours or less once I linked my Prime account to Whole Foods. Prime Time at the Grocery Store.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

AUGUST 12, 2016

Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. Barcode-Based Mobile Payments. The app will allow users to scan their prescription barcodes, which will trigger a cloud-based payment.

Lending 100

Lending Apple Cards Study 100

PYMNTS

MARCH 11, 2016

According to its survey of 507 vendors of merchant processing systems, Apple Pay is the most requested mobile digital payments service among retailers. According to the recently released figures, 44 percent of those vendors’ customers are using, or have asked about using, mobile digital payment systems.

Apple 100

Apple Houston Boston Mobile 100