PYMNTS

MARCH 18, 2020

The pressure is certainly there, Vaduvur Bharghavan (VB), president and CEO of Ondot Systems told Karen Webster — particularly for smaller and local banks, where roughly a third of consumers said they were ready to jump ship to Big Tech. Cards — debit or credit — they say, are not really their core business.

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Cards Tools Mobile Google 217

PYMNTS

JULY 3, 2019

” Users will have access to both digital and physical prepaid cards for online and offline purchases. They will not need a formal credit history or a traditional bank account to use the services, and the Airfox Mastercard will make it even easier to get cash from most ATMs in Brazil. ”

Digital Banking 100

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PYMNTS

JANUARY 29, 2020

Amid the targets for return on equity in the investment banking business, Goldman ’s first Investor Day in the wake of a revamped operating structure placed special emphasis on the digital realm. Specifically, digital banking services, delivered to a broader consumer base through mobile means.

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Digital Banking Strategy Management Apple 136

PYMNTS

FEBRUARY 14, 2020

China’s central bank gave Mastercard the green light on Feb. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation.

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Retail Cards Millennials Fraud 141

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Credit card sales and merchant volumes were up 13 percent.

Cards 109

Cards Mobile Community Bank Conference 109

Chris Skinner

JULY 20, 2017

One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at DenizBank, Turkey. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint. First, there is the fastPay Wallet.

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social media ATM Innovation Digital Banking 292

PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. We’ll see more and more [of this] action as digital [banking] progresses.”. Fraud Threats To Digital Banking.

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Video Fraud Digital Banking System 205

South State Correspondent

OCTOBER 26, 2023

The catalyst was likely a panel led by the CEO of Taktile (AI Underwriting), a Partner from Bain Capital, a partner for Andreessen Horowitz, the chief data scientist from Branch International (digital banking fintech for India and Africa), and a tech correspondent for CNBC.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

APRIL 28, 2020

He cited contactless cards and wearable devices as ways and means for consumers to continue to shift away from cash. Digital banking will also become more widespread. “As

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Digital Banking Online Fraud Customer Experience 248

PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Drilling down into the numbers, consolidated and presented in the filing, Goldman reported that within Consumer and Wealth Management, total wealth management revenues stood at $1.1

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PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. Drilling down into the numbers, consolidated and presented in the filing, Goldman reported that within Consumer and Wealth Management, total wealth management revenues stood at $1.1

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Apple Lending Cards Report 132

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. Digital banking fraud affected 14 percent of consumers in 2016, up from 12 percent in 2015.

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Fraud Digital Banking Survey Security 74

PYMNTS

NOVEMBER 23, 2020

Most of those solutions still rely heavily on checks and business credit cards — which are resource-consuming processes with higher risk[s] of misuse, fraud and theft,” Gitesh Athavale , head of product (cards) at Nium, told PYMNTS. Businesses interested in [digital] payment tools want fast, easy ways to adopt them.

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System Management Tools Cards 165

Abrigo

JUNE 4, 2024

However, some cracks are being seen now, particularly in areas like credit card debt, which may not have been main business lines but still impact us. Younger generations often prefer digital interactions, and banks need to offer seamless online and mobile banking experiences. It's hard work but necessary," he said.

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PYMNTS

NOVEMBER 9, 2020

Virtual Cards And Mobile Technology. That can be attributed, in part, to the company's virtual card investments, according to Rettig, with the company's ability to support supplier virtual card acceptance "starting to pay off earlier than expected in the quarter.”. While losses climbed from $5.7

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PYMNTS

OCTOBER 1, 2020

The emergence, and embrace, of platforms, he said, can help bridge the great divide between the in-store, hardware laden (via terminals and NFC readers) and online payment processes, which revolve around tokenization, card not present transactions and other digital hallmarks. Looking Toward Underserved Markets .

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Payments Colorado Marketing Cards 271

PYMNTS

NOVEMBER 2, 2020

Agashe said the 50,000 very small community banks and credit unions (CUs) spread throughout India’s rural regions don’t count as “banks” in the official tally. But it’s those limited-service banks that first caught Agashe’s attention more than a decade ago, when he was a young software engineer returning to rural India to visit family.

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Fintech ATM Community Bank Cards 210

PYMNTS

MAY 27, 2020

Bad actors may dial into call centers and pretend to be legitimate customers to trick staff into revealing details about the individuals, which could then be used to figure out the victims’ digital banking logins. Deep Dive: Why Banks Must Examine Customer Behaviors Across Channels. Read the full story in the Playbook.

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Fraud How To Strategy Analysis 245

PYMNTS

MARCH 14, 2019

Paytm, the India-based eCommerce and digital wallet company, has announced a new mobile banking app called Payments Bank, according to reports. The app, available for download in the Google Play store and coming soon to iOS, will allow customers to check balances, request debit cards, pay with their phones and more.

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Mobile Cards Google Marketing 188

PYMNTS

FEBRUARY 3, 2020

And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking. ATMs have come full circle — starting life as the best tech innovation the public had ever seen (from banks), then becoming utterly routine, and to the present day — when ATMs are suddenly sexy again.

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ATM Digital Banking Innovation Video 165

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

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System Operations Fintech Taxes 258

Chris Skinner

JULY 23, 2017

The pedestrian replies: “oh, if you want to get there, I wouldn’t start from here”, and this is exactly how … DenizBank, Turkey … the visible bank One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at DenizBank, Turkey.

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Boston Bitcoin Innovation Conference 171

PYMNTS

SEPTEMBER 28, 2020

The companies said they have expanded an existing partnership that will see Commerce Bank integrate HighRadius's full suite of integrated receivables and treasury management tools, one year after another expansion in which the bank added HighRadius's Virtual Card Processing and Electronic Invoice Presentment and Payment technologies.

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Fintech Tools Groups Management 204

PYMNTS

JULY 1, 2020

consumers who have at least one credit or debit card and mobile device revealed that 24 percent would be “very” or “extremely” likely to switch to the new generation of banking. This “better app” would also offer transaction confirmations and alerts, card location controls and the ability to track and redeem rewards. .

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Survey Cards Millennials ATM 183

PYMNTS

MARCH 10, 2020

David Solomon, chief executive officer of Goldman Sachs, has goals of expanding Marcus , its digital bank for consumers, along with Goldman’s credit card division and cash management solution. . Scherr said the bank is not currently looking to do “larger material transactions … in the near term.”. “I

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New York Conference Google Survey 170

PYMNTS

SEPTEMBER 3, 2020

with cash — and consumers are even starting to ditch plastic cards. The rising tide of card-not-present transactions and digital commerce also brings security Issues to top of mind, noted Cole. Cash will always have a place among consumers — but its use is dwindling. Security Is Top Of Mind .

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Payments Security Millennials Retail 262

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. Marqeta Introduces Tokenization-as-a-Service For Card Issuers.

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Marketing New York Cards Conference 130

PYMNTS

SEPTEMBER 30, 2019

We imagine if presented with an iPhone, penicillin, an automobile or just a ballpoint pen, even the original scribe would have been forced to concede that exciting innovations might be coming up on humanity’s horizon in the intervening 30 centuries. 30), the card network announced just such a FinTech partnership. So today (Sept.

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Marketing Fintech Cards Branding 211

PYMNTS

NOVEMBER 19, 2020

Evidence suggests that one of the most effective ways they can continue to engage their member bases is to roll out personalized services, such as financial management and budgeting tools, card management options and targeted marketing initiatives. For more on these stories and other CU headlines, read the Tracker’s News and Trends.

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Alabama Meeting Fraud Trends 228

PYMNTS

AUGUST 28, 2020

Gourab Basu , vice president of global network processing at Visa, tells PYMNTS how deep learning keeps card (and card not present) transactions flowing. How One Cloud-Native Business Bank Overcame Its Cloud-Migration Roadblocks (Digital Banks And The Power of The Cloud Tracker).

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PYMNTS

JUNE 21, 2017

Yesterday, PayPal announced news that soon, Venmo and PayPal users will be able to send money transfers via its mobile app in a heartbeat to anyone they want — and have the receiver access and use those funds — in a heartbeat — anywhere that Visa and Mastercard debit cards are accepted. So, anywhere. The Power of Ubiquity.

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Mobile Cards Digital Banking User Experience 134

Chris Skinner

JULY 19, 2017

I just attended an EFMA conference where the opening presentation talked about the most innovative banks in the world. Penny, the New Mint Penny is an app that examines behaviour around your bank accounts and credit cards to alert you of any issues, such as data breaches.

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Innovation Capital Conference Customer Experience 298

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. mobile-first bank accounts.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

DECEMBER 28, 2018

Pierce said the consumer data shows that 13 percent of credit union members have been a victim of card fraud , and 4 percent have had their identities stolen in the last year alone. In many cases, these mobile payments are backed by the same cards they are using in stores,” Pierce said. “So, They are using cards.

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Fraud Mobile Security Cards 131

Gonzobanker

MARCH 26, 2020

Financial institutions that are not ready to fully serve customers digitally face an existential threat. By self-education, we’re not talking about an email reminding customers that the bank is accessible by phone or drive-thru and that digital banking is open. Who prints the card?

Mobile 153

Mobile Digital Banking Strategy Examples 153

PYMNTS

SEPTEMBER 21, 2018

The popularization and widespread adoption of digital and mobile banking tools have presented banks with plenty of new opportunities, but they’ve presented new risks as well. Cybercriminals are finding new fraud opportunities as consumers turn to connected channels to manage their bank accounts.

Fraud 100

Fraud Security Cards Mobile 100

PYMNTS

JUNE 26, 2020

The Bank of China is one of over 12 commercial banks that lent to the German payment through a facility, and the move could present a mortal danger to Wirecard. PYMNTS explores how N26 , however, is using cloud technology to bring about flexibility on its digital banking platform.

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Apple Payments Meeting Conference 231