PYMNTS

JULY 17, 2020

He said that while small banks, credit unions (CUs) and regional players deeply fear being swept aside by the great digitalization wave that the pandemic has set off, their concerns aren’t actually unique to the financial industry’s smaller end. Instead, FIs must go digital in the ways consumers are seeking.

Regional 198

Regional Cards National Trends 198

PYMNTS

NOVEMBER 14, 2016

Some national and regional markets are more willing to accept AR than others. Those numbers look pretty different by region. Businesses worldwide cited insufficient ROI, security concerns, lack of budget and lack of knowledge as the top barriers to adopting AR. The global security concern figure is 87 percent.

Security 100

Security Regional Data Examples 100

PYMNTS

JULY 16, 2019

Banks and credit unions looking for safer and more efficient digital and mobile services for debit and credit cards can now turn to the cloud. One of the challenges regional and community banks and credit unions face is the complexity of physical data integration in their data centers,” said Prasanna Narayan, head of product at Ondot.

Innovation 128

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PYMNTS

OCTOBER 4, 2019

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. Government-issued digital identities are not just the realm of sovereign nations.

Online 144

Online Ohio Knowledge Base Regional 144

NCR

AUGUST 29, 2016

The number of EMV payment cards in global circulation had rocketed more than 40 per cent year on year by the end of 2015, new statistics from EMVCo have revealed. billion ‘chip-and-pin’ cards when the data was collected, and 35.8 The region’s chip card adoption rate jumped to 52.3 There were 4.8

Cards 75

Cards Regional National America 75

PYMNTS

MARCH 26, 2020

As Davis noted, larger banks, including regional players, tend to have their own technology platforms — and direct integrations into their own networks — to enable mobile and contactless payments. They are not always fast followers of newly introduced products and services from their larger banking brethren who operate on a national scale.

Community 247

Community Community Bank Mobile Cards 247

PYMNTS

JULY 24, 2020

These marketplaces need to have strong security approaches in place, however, to ensure they do not accidentally onboard any fraudulent sellers or let other scams be perpetrated across their platforms. The collaboration is expected to give Visa’s global merchant and card network access to M-Pesa’s financial services network.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

MAY 19, 2017

Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. With China and India driving economic growth, countries in the Asia-Pacific region are estimated to spend some $8.1 trillion in cash payments in 2015.

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PYMNTS

OCTOBER 14, 2020

Using digital push payments can also help add security to B2B transactions, thanks to the cybersecurity measures that can be grafted into these processes. percent of payors surveyed are offering paper checks, direct deposit and credit cards as options for disbursements.

Payments 257

Payments Trends Study Tennessee 257

PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. Regional banking force KeyCorp disclosed a massive fraud that could potentially cost as much as $90 million – according to reporting out of CNBC last week. Starting with.

Data 100

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NCR

MAY 14, 2018

But the number one option remains online card payments, and new research has highlighted several reasons why this is the case. One of the key drivers for online card payments at the moment is the growing proliferation of mobile devices. Where card payments still lag behind. Mobile usage boosts growth. Barriers to be overcome?

Online 61

Online Cards Payments Study 61

PYMNTS

JUNE 8, 2017

In Japan, might security companies — you know, the kind in armored trucks that lug money around — get a boost from society’s yen for yen? The place to place might expand a bit — as in regionally, as in moving into the countryside. United Nations data via the Office on Drugs and Crime show that robberies in the U.S.

Regional 100

Regional Policies Security National 100

PYMNTS

JUNE 20, 2019

Prior to her time at First Data, Ford served as a regional director for U.S. Senator Bill Nelson (D-Fl.) She holds a B.S. in Journalism-Public Relations from the University of Florida in Gainesville, Fl.”.

Industry 150

Industry Florida Leadership Data 150

PYMNTS

JULY 17, 2019

Beyond the technological advances, of course, China’s push toward a digital economy comes as the government has also digitalized the national ID card, which must be wielded by every citizen over the age of 16. Those cards are used for everything from transactions to getting tickets on mass transit.

Course 185

Course Regional Policies Data 185

PYMNTS

JUNE 27, 2019

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . The fee is cheaper than that of many current card processors, and the app doesn’t require a merchant to buy a card reader.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. The potential impact of the crisis on open banking’s future in the region is a different story, however.

America 165

America Regulation Regional Tools 165

PYMNTS

MARCH 14, 2018

Banks across the Association of Southeast Asian Nations (ASEAN) region expect real-time payments to come with some major benefits to their businesses, according to new analysis from ACI Worldwide and Ovum. More than three-quarters expect real-time payments to eventually replace the use of payment cards.

Payments 110

Payments Regional Survey Innovation 110

PYMNTS

AUGUST 29, 2019

Digital fraud is particularly threatening in Southeast Asia, despite the fact that the Association of Southeast Asian Nations’ (ASEAN) eCommerce market is projected to exceed $200 billion in value by 2025. Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region.

Fraud 158

Fraud blockchain System Cards 158

PYMNTS

MAY 3, 2019

By some recent accounts , more than 100 million migrants are participating in the nation’s workforce — one-fifth of the nation’s workforce. Many of these workers travel from rural, low-income regions, hoping that work opportunities in urban areas will enable them to support their families. India’s Digital Finance Roadmap .

Payments 195

Payments System Security ATM 195

PYMNTS

OCTOBER 5, 2016

And while some have speculated that modern payment methods, such as credit and debit cards and mobile wallets, will spell the end of days for cash, it continues to thrive. They are used to spending cash — they’re familiar with it and view it as a currency that is free of charge to use, as opposed to payment cards and other payment services.”.

ATM 178

ATM Cards Mobile Regional 178

PYMNTS

FEBRUARY 4, 2019

Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight. The United Nations Office on Drugs and Crime (UNODC) estimates the market for global money laundering is worth approximately $2 trillion per year.

How To 161

How To Regulation Compliance Meeting 161

Abrigo

AUGUST 31, 2023

From a security standpoint, forcing customers into Western nomenclature can lead to missed OFAC specially designated nationals (SDN) list matches, and open-source information searches could be lost or overlooked. When customers have no legally issued ID, alternative know-your-customer policies are indispensable.

Compliance 195

Compliance Community Training System 195

PYMNTS

MARCH 29, 2016

Apple Pay’s competition in China just got a bit steeper, as Samsung has officially rolled out Samsung Pay in the region. Samsung Pay will enable any China UnionPay cards to be uploaded and managed on the app. “China UnionPay attaches great importance to the security and innovation of payment. .

Samsung 100

Samsung Apple Mobile Cards 100

PYMNTS

JANUARY 7, 2019

WhatsApp Pay began testing its service in that country earlier this year with reports of roughly one million users, processing roughly one million transactions per month, according to people close to the National Payments Corporation of India (NPCI). Warby Parker contacted law enforcement when it found out about the breach.

Data 139

Data Wyoming Idaho Mobile 139

American Banker

JUNE 3, 2016

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

National 28

National Cards Cyber Security System 28

American Banker

JUNE 3, 2016

Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.

National 28

National Cards Cyber Security System 28

PYMNTS

JUNE 14, 2018

According to the United Nations Educational, Scientific and Cultural Organization (UNESCO), over 800,000 Chinese students pursued education abroad in 2016 – and that number is forecasted to rise. Chinese nationals took an estimated 500,000 outbound medical trips in 2016, a fivefold increase from the previous year.

Payments 108

Payments Cards National Marketing 108

PYMNTS

APRIL 7, 2017

Visa/Paypal International Focus : The Visa/Paypal relationship is now expanding to the Asia-Pacific region, where a variety of in-store payment methods will be explored, and forthcoming, working with and possibly even helping expand mobile wallet adoption. Hacking, Hacking Everywhere : The venerable Samsung brand may be under attack.

Samsung 100

Samsung San Francisco Alaska Mobile 100

CFPB Monitor

MARCH 12, 2019

The report summarizes consumer complaints stored in the Consumer Sentinel Network, a secure online database. Nearly half of these reported scams involved government imposters that falsely claimed to be from the IRS, Social Security Administration, other government agency to get victims to turn over money and/or personal information.

Nevada 74

Nevada Georgia Florida Delaware 74

PYMNTS

APRIL 20, 2016

As of Monday (April 18), Singapore is the latest country to enter the international Apple Pay family, and the move marks the second East Asian nation to bring the payments platform within its borders. “So customers can now pay in an easy, secure and more private way. .

Apple 100

Apple Samsung Mobile Cards 100

PYMNTS

FEBRUARY 10, 2017

B2B payments, alternative SME finance, enterprise cybersecurity, data management and logistics all secured a financial boost — find out which startup scored the most in our breakdown below. Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said. Securing more than $2.5

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Fintech Capital Lending Data 100

PYMNTS

APRIL 15, 2019

To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email. The machine also has a 21-inch screen that allows consumers to interact.

San Francisco 130

San Francisco Retail System New Jersey 130

PYMNTS

JULY 19, 2019

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. The country’s digital economy push comes as the government has also digitalized the national ID card, which every citizen who is older than 16 must wield. and closed at $204.87.

Cleveland 128

Cleveland social media Fraud Google 128

NCR

OCTOBER 6, 2016

As technology such as contactless cards grow, the prediction is that people may find it more convenient to turn to a card for transactions that they would previously have relied on cash for. Interestingly, there remains a significant amount of variation across the region when it comes to attitudes to cash. trillion by 2020.

ATM 103

ATM Cards National Payments 103

PYMNTS

MARCH 10, 2017

Bitcoin had spent the past week climbing toward new record highs on optimism that the Securities and Exchange Commission (SEC) could soon approve a bitcoin-based exchange-traded fund. Together we can push bitcoin adoption in the Asia-Pacific region to the next level.”. million ( $3 million ) in a Series A venture funding round.

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Bitcoin Regional blockchain Regulation 116

PYMNTS

APRIL 30, 2018

similar regulations are already being put to the test in other regions around the world. Each EU member nation has a DPA in place to both monitor compliance and respond to potential violation complaints. During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 Assessing Risk for SMBs.

Data 119

Data Compliance social media Regulation 119

PYMNTS

APRIL 18, 2016

The companies said in a joint statement Sunday, April 17, that they are launching a new international remittance receiving service in the nation. BRAC Bank, in turn, has been billed as one of the fastest growing banks in Bangladesh, with 175 branches and 450 ATMs across that nation, serving more than 1.7 million customers.

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National Mobile United States Maine 100