PYMNTS

NOVEMBER 19, 2020

Citi and Mastercard are teaming up as network partners for the digital checking and savings account Citi Plex on Google Pay, available for both Android and iOS. . Alpesh Chokshi, head of business development, Citi Global Consumer Bank, said in a statement on Wednesday (Nov.

Google 284

Google ATM America Digital Banking 284

PYMNTS

APRIL 17, 2020

To reportedly help it compete with Apple Pay and the Apple Card, Google is creating its own tangible and virtual debit cards. The tech company’s debit card will have the brand of Google along with its partnered financial institution; however, it is not known what the offering’s name will be.

Google 229

Google Cards Apple Branding 229

PYMNTS

NOVEMBER 16, 2020

It was developed to provide an alternative to the current transaction models, including checks. For instance, if you go to a restaurant and you have a credit card, probably you will use it because it is more convenient than picking up your phone, starting a transaction or things like that,” Kavakama said. “We Cash And Checks .

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Payments System Cards Fraud 328

South State Correspondent

MARCH 19, 2024

Upselling and cross-selling can increase revenue by more than 100% and add ten or more percentage points to ROE Consider the entire array of products that a community bank may offer in the list below: Business checking, savings or money market accounts Merchant processing Wire transfer services Automated clearing house services (ACH) Overdraft protection (..)

Community Bank 195

Community Bank Community Industry Cards 195

PYMNTS

JULY 28, 2020

Consumers are also changing how they pay for their purchases, with a recent study finding that debit card spend was up 11.7 Consumers today are especially likely to use their debit cards for their eCommerce purchases or to make in-store purchases with mobile wallets, and card-not-present (CNP) transactions represented 43.1

Cards 212

Cards Rhode Island Payments Online 212

PYMNTS

NOVEMBER 20, 2020

Employers have commonly relied on paper checks to compensate unbanked employees, but many businesses are finding this method more difficult to use during the COVID-19 pandemic. Issuing physical checks every two weeks can also challenge employers that cannot safely allow AP staff on site to use check printers. .

Cards 197

Cards Tools Survey Payments 197

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Debit And The Fraud Catch .

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

DECEMBER 14, 2020

For a 6-year-old Australian startup that’s only been doing business in the U.S. Preference For Debit. Molnar said Afterpay is not only benefiting from its easy-to-use platform, but also from the fact that consumer preference has shifted toward using debit over credit. We never use a soft or hard credit check. million U.S.

US 322

US Retail Cards Millennials 322

PYMNTS

FEBRUARY 27, 2020

Businesses and governments want the speed and convenience of issuing and accepting digital payments, but, at the same time, they cannot afford to alienate cash-dependent consumers. Debit payments are being turned to as one way to thread that needle. Around The Ne xt-Gen Debit World.

Cards 142

Cards United States Security Payments 142

PYMNTS

JANUARY 8, 2021

In today’s top digital-first banking news, clients of BBVA subsidiary Simple Bank are reportedly getting emails telling them that Simple is closing and the intent is to move them to BBVA, while the Treasury Department announced that stimulus Visa debit cards are being mailed to homes. The MetaBank, N.A.-issued

Cards 143

Cards Digital Banking Millennials Report 143

PYMNTS

JANUARY 27, 2020

It will focus on providing customers, claimants and service providers with numerous options on how to pay, including ACH, check, or direct-to-debit card via Visa Direct. The program is intended to meet the needs of burgeoning businesses as they continue to grow.

System 215

System Cards Meeting Payments 215

PYMNTS

NOVEMBER 24, 2020

At a time when the global pandemic and ensuing economic upheaval have blurred the boundaries between traditional means of payment, the CEO of global payment- and banking-solution provider i2c says the biggest business opportunity ahead will be in credit, with mobile becoming the biggest game-changer. The same thing is happening with credit.

Mobile 310

Mobile social media Fintech Innovation 310

Perficient

JANUARY 27, 2022

The upside of a functioning CBDC would be a safe, digital payment option for households and businesses with less friction in the form of delays and fees. In addition, widespread use of a CBDC would be another payment form for consumers to choose and merchants to monitor in addition to cash, credit/debit, and checks.

cryptocurrency 294

cryptocurrency Payments Policies Fraud 294

PYMNTS

JUNE 16, 2020

The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. . Branch , the digital bank startup, is branching out.

Digital Banking 199

Digital Banking Mobile Los Angeles San Francisco 199

PYMNTS

MAY 19, 2020

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Uber Refocuses Business, Cuts 3K Jobs. Plus, Uber plans to cut 3,000 more jobs.

Cards 210

Cards Payments Retail ATM 210

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! Dick Durbin (D-IL) introduced legislation recently to require multiple networks for credit card transactions. Take the Delta Airlines Debit Card from Truist.

Cards 148

Cards Illinois United States Community 148

PYMNTS

OCTOBER 14, 2020

Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. One PYMNTS study found that offering such capabilities can actually impact businesses’ loyalty, for example. Around the Disbursements World.

Payments 257

Payments Trends Study Tennessee 257

PYMNTS

MARCH 26, 2020

If ever there was a time to kill the check, that time would be now. The remaining tens of millions, those who do not have direct deposit payment information on file with the IRS … will have to wait for the proverbial (paper) check in the mail. That’s about 70 million Americans. But those options are there, and at the ready.

Cards 252

Cards Course FDIC Payments 252

PYMNTS

JANUARY 19, 2021

And borrowing across LendingClub’s own portfolio has been focused not on credit card consolidation but on home improvement projects. He gave a nod toward “continuous underwriting,” which offers the user who might not have the ability to pay off a credit card within a few months to convert that debt into a loan, and then pay it down over time.

Digital Banking 290

Digital Banking Cards Digital Strategies Survey 290

PYMNTS

APRIL 2, 2020

With cash flow constraints dominating the headlines, financial service providers are introducing a slew of new products and services to help small businesses strengthen their financial standings amid the coronavirus crisis. Other banks and B2B FinTechs, meanwhile, have found additional ways to wield the power of the commercial card this week.

Cards 164

Cards Capital Tools Fintech 164

PYMNTS

JULY 2, 2020

debit payments were contactless before the pandemic — a rate that has since leapt up to 40 percent. Financial institutions (FIs) are therefore expected to offer more contactless cards this year and some are also unveiling services intended to help consumers easily add cards to their digital wallets.

Fraud 222

Fraud Cards Florida Trends 222

PYMNTS

AUGUST 10, 2020

A multitude of payments flow between businesses, government agencies, individuals and others in the U.S. Credit and debit card payments accounted for 75.3 percent of all non-cash payments made, with debit cards being roughly twice as popular as credit cards. Credit and debit card payments accounted for 75.3

Payments 222

Payments Innovation Study System 222

PYMNTS

JUNE 25, 2020

While they are among some of the world’s wealthiest corporations, insurance companies have nevertheless been clobbered by COVID-19, from travel cancellations to business disruption policies to a rising tide of property and casualty (P&C) claims. Now, take a wild guess as to a chief culprit behind pandemic-era insurance payment delays. “The

Innovation 250

Innovation Industry Payments System 250

PYMNTS

JULY 2, 2020

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

Cards 208

Cards New York Capital Compliance 208

PYMNTS

DECEMBER 2, 2020

This week's Commercial Card Innovation Tracker finds FinTechs and payment technology players like Mastercard, Visa and Nets embracing partnerships to roll out new corporate card solutions, including virtual commercial cards and small business credit cards designed to enhance spend management and help SMBs access credit during turbulent times.

Cards 163

Cards Fintech Innovation Management 163

PYMNTS

APRIL 2, 2019

To that end, Visa announced Tuesday (April 2) that it has introduced Card Payouts, an app designed help mid- to large-sized businesses manage cash flow — and speed payments to gig economy workers, to boot. The app is built to support card capture, tokenization and card-on-file transactions, Visa said on Tuesday.

Cards 201

Cards Payments User Experience Survey 201

The Paypers

OCTOBER 29, 2021

American Express has rolled out its new digital checking account designed for US-based SMEs.

Cards 28

Cards US 28

PYMNTS

SEPTEMBER 26, 2019

For some businesses, recurring payments present recurring challenges. Companies that rely on customers wielding cards or ( gasp! checks to make their monthly, weekly or daily transactions run the risk of failure — that card payments do not go through, that checks get lost in the mail.

Payments 127

Payments United States San Francisco Cards 127

PYMNTS

JANUARY 5, 2021

Department of the Treasury has electronically sent out two-thirds of the second round of individual stimulus checks, or over $112 billion in payments, according to a report from The Wall Street Journal (WSJ). After receiving the first-round checks, many consumers tended to pay debt or pad savings accounts.

Payments 237

Payments Report Cards 237

PYMNTS

DECEMBER 3, 2020

She added that as consumers lean on merchants, those merchants have started to lean on their banks to offer solutions that are faster and more convenient than simply moving money by check or ACH. And ticket resellers who typically face a multi-day set-up process to get paid can receive funds quickly by providing just a debit card number.

Payments 223

Payments Data System Cards 223

PYMNTS

FEBRUARY 7, 2020

Robinhood made money and picked up business without focusing on the rules,” said Tyler Gellasch, executive director of trade association Healthy Markets Association in a statement. “As Our entire business was built knowing we weren’t going to be charging trading commissions,” said Co-CEO Vlad Tenev.

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

JANUARY 17, 2020

An uptick in check fraud has financial institutions considering whether they should update methods and stop using checks, according to a report Wednesday (Jan. Check fraud, or the attempt to perpetrate it, has gone up from $8.5 Debit card fraud totals 44 percent of losses, or $1.2 15) by The Wall Street Journal.

Fraud 141

Fraud Survey California Resources 141

PYMNTS

MARCH 8, 2020

Intuit said it is introducing a number of new digital tools aimed at curbing the issue of new small- to medium-sized businesses (SMBs) going out of business within a few years. The company said its goal is to “increase productivity and improve small businesses’ chance of success.”.

Payments 183

Payments Compliance Lending Software 183

PYMNTS

JANUARY 22, 2021

PYMNTS January 2021 Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company, notes, “Banks, government agencies and retailers have scrambled to adjust to consumers’ digital spending and payment shifts during the pandemic, but doing so swiftly has presented security challenges. Sensible Debit Needs To Be More Secure .

Fraud 130

Fraud Study Cards Security 130

PYMNTS

APRIL 21, 2020

For many AP teams, the paper check has presented immediate challenges with staff no longer able to step into the office to print and send checks (and no one on the accounts receivable end to accept them). This may be a watershed moment, where business will look at their operations through a completely different lens.”.

Payments 207

Payments Cards Fintech Marketing 207

Abrigo

SEPTEMBER 7, 2023

Under appeal Credit union held liable for ACH fraud losses Those in the business of fighting financial crime might want to take notice of a recent U.S. The plaintiff is a construction company that fell victim to ACH fraud initiated by business email compromise. District Court case in Virginia. ACH warnings/exceptions matter.

Fraud 221

Fraud Training System Trends 221

PYMNTS

SEPTEMBER 19, 2019

based company providing businesses with recurring payment acceptance solutions, is launching in the U.S. 18) said GoCardless is launching a debit payment solution in the U.S. 18) said GoCardless is launching a debit payment solution in the U.S. ACH debit is becoming an increasingly popular choice for B2B payments in the U.S.

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San Francisco Payments US Cards 128