PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . But they all tend to have three things in common.

Innovation 222

Innovation Data System Mobile 222

PYMNTS

MARCH 10, 2020

In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. Payments Stocks Plummet While Retail Remains A Bright Spot. and EU.

Strategy 197

Strategy Retail Marketing Payments 197

Bank Innovation

NOVEMBER 11, 2019

A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s s credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card’s algorithms when determining credit limits.

Apple 186

Apple Cards Regulation Groups 186

PYMNTS

DECEMBER 9, 2019

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Apple Updates Wallet App to Reflect iPhone Financing for Apple Card Users.

Regulation 131

Regulation Data Apple Payments 131

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag. Fun, Cool And Otherwise Interesting.

Cards 151

Cards Data Mobile Survey 151

Payments Source

JULY 13, 2018

Attempts to legislate or regulate innovative payments treat consumers, who have affirmatively selected to use prepaid accounts or some other emerging access device to access their money, much differently than consumers who have decided to open a traditional bank account with an associated debit card, writes Brian Tate, president and CEO of the NBPCA. (..)

Regulation 65

Regulation Cards Innovation Payments 65

PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. But in the alcohol beverage arena, unique regulations — many of which date back to the era of prohibition — have added an extra layer of complexity to the supply chain.

Industry 219

Industry Payments Retail Regulation 219

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

OCTOBER 21, 2019

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be. The network would run on a card issued by Barclays U.S.,

Innovation 131

Innovation Payments Apple Mobile 131

PYMNTS

JUNE 8, 2020

Retailers have had to swiftly adapt to markets where online transactions have ballooned exponentially. Even customers still shopping in stores are desiring digital payment methods such as contactless cards that allow them to pay without using cash or checks that may carry traces of the virus. Regulators Jump to Tailor SCA for COVID-19.

Payments 150

Payments Regulation Retail Online 150

PYMNTS

JULY 30, 2018

This is designed to promote competition and innovation by supporting new entrants into the marketplace,” Nanopay CEO Laurence Cooke told PYMNTS.com in an interview. While Canada has a high penetration of contactless card usage, for example, it’s a bit behind in some areas, such as real-time payments.

Innovation 103

Innovation Payments New York California 103

PYMNTS

FEBRUARY 15, 2019

The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards. The change will go into effect in early April, according to reports from The Wall Street Journal.

Cards 224

Cards Course Security Fraud 224

PYMNTS

SEPTEMBER 20, 2016

19) the availability of a fully electronic PIN code distribution for its cards. debit cards from Hello Bank!, According to the release, the customer gets the PIN for the card in the restricted area of the Hello Bank! BNL, BNP Paribas Group announced on Monday (Sept. BNL said it adopted the new service on Hello Mat!

Cards 100

Cards Groups Security Innovation 100

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. FICO’s Take on Debit Security.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

NOVEMBER 10, 2020

New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats. Each $1 of fraud costs retailers $3.13. . Getting the European Union on the path to 3D Secure 2.0 also known as 3DS 2.0

Security 233

Security New York Atlanta Fraud 233

PYMNTS

OCTOBER 2, 2019

In digital fraud news, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe as fraudsters become more aggressive. And in retail, pizza’s popularity constitutes a driving force for ongoing innovation in the sector, while EMV’s delay has been the convenience store’s gain. .

Mobile 108

Mobile Millennials Fraud Data 108

PYMNTS

JANUARY 28, 2019

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 specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

JULY 11, 2017

The basis of innovation is not the desire to create something new or even the inspiration to do so. Innovation occurs where there is a problem and a person with the tools to solve it. Anyone can have a good idea,” Lowthers said; innovation is about what you do with it. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 101

Innovation social media Security Leadership 101

PYMNTS

OCTOBER 20, 2016

This strategy looks at authentication in all channels on any device and at any time for all cards within Mastercard’s brand portfolio. During his time with HSBC he delivered a global Internet Payment Gateway solution for HSBC and was instrumental in developing their products and services surrounding Card ePayments and Security.

Security 100

Security CA Cards Strategy 100

PYMNTS

JANUARY 25, 2018

The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. By 2020, analysts forecast that $116 billion per year will be loaded onto prepaid cards.

Cards 130

Cards Leadership Industry Innovation 130

Bank Innovation

MARCH 10, 2016

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla., says there is.

Regulation 150

Regulation Fintech Community Strategy 150

CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. It also limited the restrictions that issuers and payment card networks can place on the processing of an electronic debit card transaction. . Proposed Amendment to Regulation II. New Lawsuit.

North Dakota 78

North Dakota Cards Regulation Fraud 78

PYMNTS

NOVEMBER 18, 2018

Visa , American Express and Mastercard are among the payment companies that are the subject of an inquiry by Brazilian regulators. Bloomberg reported that Visa said it was cooperating with the Brazilian regulators that launched the inquiry in October.

Regulation 173

Regulation Payments Meeting Strategy 173

PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. .

Taxes 122

Taxes California Regulation Innovation 122

PYMNTS

OCTOBER 2, 2019

Payments Innovation. And you can bet (sorry) that this fall, more of that money is going through not only mobile channels, but via more prepaid cards and other innovative methods. in the coming years will almost certainly be the prepaid card aspect. in the coming years will almost certainly be the prepaid card aspect.

Online 134

Online Houston New Jersey Innovation 134

PYMNTS

JANUARY 17, 2018

The traditional strategy of handing an employee a corporate card, hoping they make responsible purchases and depending on accurate expense reports has evolved into a market that embraces automation, artificial intelligence, mobility and an array of card products, from P-cards to virtual numbers. APIs Add Fuel.

Fintech 187

Fintech Data Cards Innovation 187

PYMNTS

OCTOBER 16, 2020

Afterpay went in-store with major retailers in the U.S., Risk decisions to be made in milliseconds, he said, and they can perform better than many underwriting models in traditional credit card companies. “I Digital Banking Innovation . With the latest innovations in digital banking, that, of course, could change.

Report 176

Report San Francisco Payments Digital Banking 176

PYMNTS

NOVEMBER 16, 2020

The new combined bank will be the fifth-largest retail bank in the country. Karen Webster says it’s time for policymakers and payments innovators to get creative — and educate and incent consumers — if we really want to put the coronavirus in our rearview. FTC, Lawmakers Turn Sour On M&A; Could Innovation Suffer?

US 143

US Payments New York Innovation 143

PYMNTS

SEPTEMBER 16, 2019

Possession can refer to the chip inside of a physical debit card, for example, while inherence refers to things that are even more personal — such as fingerprints. Biometrics is emerging as one of the innovative solutions to this problem in a variety of industries, including retail, travel and hospitality.

Technology 116

Technology Customer Experience Cards Regulation 116

PYMNTS

MARCH 7, 2019

The new law will take effect in July and would require most retail outlets to accept physical currency. The move could affect innovation for companies like Amazon and its cashless “Go” stores, which link to an Amazon account through a mobile device and automatically charges for purchases.

Philadelphia 213

Philadelphia New York City New Jersey Atlanta 213

PYMNTS

DECEMBER 17, 2020

Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. 16) alleging that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations. Small Business Solutions and Karen Webster how payments innovation will play a critical role in their digital-first 2021.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? Consumers love the delayed payment options and so do retailers, but the BNPL players themselves are loving their business model, too. Many are leaving credit behind, with approximately 40 percent of millennials fearing credit card debt,” the report states.

Case Study 135

Case Study Retail Millennials Branding 135

Bank Innovation

DECEMBER 6, 2016

Regulation — yes, regulation — appears to pushing European banks to innovation, but perhaps not in ways anticipated by regulators. Lloyds Banking Group is considering an account aggregation service that would allow its consumers to pull in data from other financial institutions.

Regulation 150

Regulation Groups Innovation Data 150

PYMNTS

NOVEMBER 15, 2019

Goldman Denies Discriminatory Apple Card Practices, Says It Will Reassess Limits. Goldman Sachs has promised to reevaluate how credit limits are determined for Apple Card users after being accused of gender discrimination. Amazon To Build $40M Robotics Innovation Hub Near Boston. Google Dives Into DDAs. Deutsche Bank told U.K.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

JUNE 6, 2019

New technology — and partnerships based on that technology and data — will spark innovation in financial and payment services. Banks forgot the agenda of going global, and are now having to rethink that agenda because they can create” innovative, consistent products and services across markets via APIs. Ahead Of The Curve.

Innovation 204

Innovation Data Technology Regulation 204

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. With interest rates low and new regulations following the financial crisis, banks are running incredibly thin margins, and traditional revenue sources are no longer viable. There were a couple of overarching themes throughout the event.

Conference 100

Conference Retail Community Community Bank 100

PYMNTS

NOVEMBER 7, 2019

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive ( PSD2 ) regulations. One-third (32 percent) have not taken action compared to 82 percent of retailers in France, Spain and the U.K.

Regulation 123

Regulation Survey California Retail 123