PYMNTS

DECEMBER 31, 2020

This study showed that the home had become the consumer’s commerce command center as they changed their daily routines to do more of their work and more of their once-physical errands from home. This study showed that consumers display significant interest in real-time payments once they fully understand them. 31 percent bank via app.

Data 277

Data Innovation Payments Millennials 277

Bank Innovation

APRIL 7, 2016

Online retailers prize a smooth checkout and one-click checkouts, but it turns out customers care more about security than convenience when shopping online.

Online 150

Online Security Study Retail 150

PYMNTS

MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Security 192

Security System Fraud Tools 192

PYMNTS

SEPTEMBER 3, 2019

Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Sometimes those innovations disrupted old models and players; other times they made them better and more efficient. The Invisible Innovators .

Innovation 223

Innovation Payments Branding Cards 223

Bank Innovation

JUNE 16, 2017

Checks, cash, and cards are on their way out, right? consumers (56%) feel that mobile payments increase the chance of fraud and theft, according to a study by YouGov released today. As a result, those customers prefer to use debit or credit cards (49%) or even cash and checks […]. Not exactly. A majority of U.S.

Mobile 220

Mobile Security Payments Study 220

PYMNTS

JUNE 12, 2019

The myth of the lone (and possibly mad) scientist died out a long time ago, as the industrial age led to teams of researchers working together (or at healthy cross purposes) to enable innovation. LISNR Case Study. The basic idea behind LISNR is to send data securely via audio. Science and invention are collective pursuits.

Innovation 192

Innovation Retail Metro Case Study 192

PYMNTS

MARCH 30, 2020

Starting earlier in March, the biggest reason for withdrawals was to stock up on supplies because of COVID-19, according to DailyPay Chief Innovation officer Jeanniey Mullen. ADP, Fiserv, Green Dot and others are rolling out pay cards and virtual bank accounts.

Cards 132

Cards New Jersey Case Study New York 132

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

JANUARY 7, 2020

Innovation is no longer optional – it’s table stakes to stay in the game. The good news: There is no shortage of innovative ideas and options for today’s FIs to offer to their customers: digital wallets, P2P payments, card controls, fraud and security protection, and loyalty and rewards perks among them.

Innovation 139

Innovation Technology Marketing System 139

Bank Innovation

OCTOBER 19, 2018

outpaced growth in noncash payments overall between 2012 and 2015, according to a Federal Reserve Payments Study released this week. The study’s survey of depository institutions found noncash payments fraud increased 37%, from $6.1 Noncash payments fraud in the U.S. billion in 2012 to $8.3 billion, in 2015.

Study 150

Study Fraud Payments Survey 150

Bank Innovation

SEPTEMBER 6, 2017

Mobile wallet usage is increasing across the globe, but for countries with more fleshed-out credit card networks, that growth is still slow. This is according to the second part of the Global Consumer Survey: Consumer Trust and Security Perceptions report conducted by ACI Worldwide and the Aite Group.

Mobile 339

Mobile Study Survey Cards 339

PYMNTS

NOVEMBER 20, 2019

Payments credit union PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus credit unions.

Cards 117

Cards Risk Management Study Payments 117

PYMNTS

JUNE 8, 2017

The more connected devices consumers have, the more concerned they are about the security of their financial information. Today’s shoppers want the transparency of being able to verify that they’ve been charged the correct amount, and many aren’t willing to trade this security for the convenience of auto-payments.

Security 151

Security social media Study Google 151

PYMNTS

JANUARY 19, 2021

Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. Another study found that 55 percent of U.S. Another study found that 55 percent of U.S. The report noted that U.S.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

DECEMBER 29, 2020

Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A recent study even estimates that shoppers could ultimately shift $100 billion worth of annual spending from credit cards to debit cards.

Fraud 303

Fraud Cards Analysis Tools 303

PYMNTS

MARCH 2, 2020

This month’s Deep Dive digs into the data that guides staffing agencies’ payroll disbursement decisions, including payroll cards ’ pros and cons. Employees’ Payroll Card Opinions. Checks have been common in temporary staffing, but disbursements to reloadable debit cards are drawing new interest. rose from 3.1 million by 2022.

Cards 130

Cards ATM United States Payments 130

PYMNTS

JANUARY 15, 2018

“As new payment experiences proliferate, we are helping our partners assure their customers that their transaction has been quickly and securely completed, no matter how they prefer to pay.”. Separately, Visa announced that it has launched pilots with Mountain America Credit Union and Bank of Cyprus of a new EMV dual-interface payment card.

Cards 138

Cards Branding America Study 138

PYMNTS

NOVEMBER 8, 2019

Thanks to smartphones equipped with facial and fingerprint recognition for security, many consumers now have up close and personal experience with newer forms of digital ID. Innovations — some more fantastical than others — keep emerging, though. Biometrics isn’t as sci-fi as it once was. Vein recognition? Voice patterns?

Innovation 120

Innovation Fraud Security Data 120

PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. The Security Threats Facing ITMs And How FIs Can Protect Them. billion by 2024.

Analytics 266

Analytics Fraud ATM Report 266

South State Correspondent

MAY 13, 2024

More states require greater disclosure and control over what banks and card processors can charge. Non-sufficient funds (NSF) fees and credit card late fees are also under pressure and are expected to be curtailed. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

Conference 195

Conference Payments Fraud Data 195

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

NOVEMBER 2, 2020

In years to come, it’ll be hard to find anything as studied and surveyed as COVID-19’s effects on commerce. Payments Innovation Leads the Way . Payments and banking products were pushed to the head of the digital-first line thanks to the pandemic, leading to the acceleration of contactless and card-not-present commerce.

Study 205

Study Cards Payments Innovation 205

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

Cards 165

Cards Security cryptocurrency Payments 165

PYMNTS

MARCH 1, 2019

When credit cards first debuted in 1920s America,they brought with them myriad benefits. While the benefits were great, the innovation came with its share of risks, too. For instance, prior to a law passed by Congress in the mid-1970s, companies could mail consumers activated credit cards without their consent.

Security 134

Security Payments Fraud Cards 134

PYMNTS

JANUARY 17, 2020

Preventing fraud with seamless and secure onboarding solutions is key. The Deep Dive also highlights innovative fraud detection technologies that FinTechs and other businesses are employing — such as artificial intelligence (AI), machine learning (ML) and dynamic biometrics — to thwart criminals. trillion a year. Data-Rich Defenses.

Security 130

Security Fraud blockchain Cards 130

Gonzobanker

OCTOBER 27, 2022

It’s time for innovative banks and credit unions to redesign checking — fast. In early October, the Federal Reserve finalized a rule, known as Regulation II (Debit Card Interchange Fees and Routing), that requires every debit card transaction to have access to two unaffiliated payment card networks.

Cards 78

Cards Fraud Regulation Trends 78

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity. Invention can become necessity.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

AUGUST 7, 2020

Legacy payment options like paper are getting nudged out by faster better methods like credit cards, which are more cost-effective for buyers’ accounts payable (AP) teams to send and quicker for suppliers’ accounts receivable (AR) professionals to receive. Configurable And Secure For Remote Treasury. A Case Study In Digital Journeys.

Case Study 182

Case Study Study Survey Cards 182

Perficient

SEPTEMBER 15, 2020

Savvy healthcare innovators leverage the power of consumerization by first observing what works in domains outside of their own, and then adapting those successes to address their own challenges. What might you learn from studying emerging innovations used by virtual personal trainers, e-learning platforms, or even credit card companies?

User Experience 427

User Experience Innovation Branding Customer Experience 427

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov. consumers — 47.2

Apple 227

Apple Study Innovation Survey 227

PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. In that instance, merchants have to contend with cart abandonment.

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

DECEMBER 4, 2020

There is also a concern that payment app innovation could be stifled. Through enforcement actions, market studies and education, ACM aims to keep the benefits of innovation in the digital economy, and to ensure that markets work well for people and businesses, now and in the future,” the ACM said.

Apple 159

Apple Payments Software Regulation 159

PYMNTS

APRIL 4, 2019

According to a recent study by Citibank , 31 percent of consumers use their mobile banking app more than any other — placing mobile banking behind only social media and weather for most frequented mobile destinations. Banks need to expose more of their security aspects to consumers so they can seem them in action.

Mobile 169

Mobile Study Security social media 169

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. Their study concluded that routines are shaped by how the brain’s neurons process information about the cost and benefit of switching things up – or not, and sticking with the status quo.

Innovation 109

Innovation Payments Google Training 109

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” The vast majority of the nearly 370 billion payment card transactions made globally each year are scanned by sophisticated software designed to detect fraud, in less time than a blink of the eye.

Fraud 98

Fraud Cards Analytics Mobile 98

PYMNTS

SEPTEMBER 27, 2020

With the more flexible nature of a BNPL payment, users might feel more secure in spending their money, even if they are being cautious due to the volatile economy. customers in a recent study saying they’d used BNPL to buy things, and 56 percent chose such plans to defer costs without gaining interest if they were using a credit card.

Leadership 302

Leadership Millennials Retail Study 302

PYMNTS

DECEMBER 20, 2016

As documented in the December edition of the Unattended Retail Tracker™ , the results of a six-month long study conducted by USA Technologies show that just informing customers that a merchant or vendor accepts Apple Pay and other mobile wallets can boost overall sales by more than 36 percent.

Report 100

Report Innovation Payments Apple 100