PYMNTS

DECEMBER 11, 2020

Insofar as consumers are still shopping in stores, the latest study demonstrated increased levels of interest in using touchless payment options at brick-and-mortar shops. That includes things like contactless credit and debit cards, digital wallets, cards on file or other digital methods. According to the study, 35.3

Study 240

Study Online Cards National 240

PYMNTS

APRIL 30, 2020

As nations put limitations into place to support social distancing in February and March, Mastercard reported that a significant share of consumers tapped into contactless payments for purchases. Contactless offers consumers a safer, cleaner way to pay, speed at checkout, and more control over physical proximity at this critical time.”.

Payments 276

Payments Cards Study National 276

PYMNTS

NOVEMBER 13, 2020

A study in the United Kingdom found that SIM swap fraud alone, which involves fraudsters stealing victims’ phone numbers to request access to their linked accounts, has totaled 10 million pounds ($12.9 million) since 2015, with 483 incidents being reported in June alone. More than 6.2

Fraud 242

Fraud US Mobile Study 242

PYMNTS

NOVEMBER 14, 2016

We’re talking here about making the minimum payments on credit cards. As the New York Times reported this past weekend, even though consumers can actually afford to pay more than the minimum payment on their credit cards, they simply don’t and choose instead to pay the lowest amount allowed. The reason?

Cards 100

Cards Pennsylvania New York National 100

PYMNTS

JUNE 29, 2020

Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement. In April, a joint study by the U.S. and the United Kingdom.

Nevada 201

Nevada Cyber Security Study Security 201

PYMNTS

JANUARY 8, 2020

Credit card payments are increasingly enabled via EMV chips rather than magnetic stripes, but these methods frequently suffer from a lack of diligent digital identity verification. Nations around the world are continuing to implement digital ID systems. EMV Cards Face Crucial Verification Security Gaps.

Fraud 169

Fraud Cards Security National 169

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 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

MAY 20, 2020

While Peter Luger is cash-only in its dining rooms, the restaurant must take credit cards to make delivery and pickup services available. Until now, the accepted forms of payment apart from cash had been the Peter Luger card and gift certificates as well as checks and debit cards, CNBC reported. “As

Cards 145

Cards Study Survey US 145

PYMNTS

MARCH 19, 2020

Phone scammers claiming to be from the Centers for Disease Control and Prevention (CDC) are saying they have a vaccine to cure the coronavirus (COVID-19), and are asking for credit card and Social Security numbers from unsuspecting victims to reserve it, according to a report by The Verge. Fauci, M.D.

Ohio 187

Ohio Seattle Payments California 187

PYMNTS

DECEMBER 14, 2018

Separately, in India, the Economic Times reports that India’s national public procurement portal is working with OEMs (short for original equipment manufacturers) that focus on information technology hardware and software, auto components and furniture to certify sellers and cut down on instances of counterfeits.

Report 115

Report Study Fraud Industry 115

Chris Skinner

JULY 5, 2017

If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. Fifteen years ago, only 9 per cent of total household consumption was through cards. million POS machines in the market.

National 300

National Cards Innovation Payments 300

PYMNTS

SEPTEMBER 6, 2019

Australia, Malaysia, Thailand and the United Kingdom are just a handful of nations that are exploring the benefits, ranging from opt-in programs designed to help citizens access financial and governmental services to compulsory ID solutions meant to serve as virtual ID cards. Private entities are getting in on digital ID as well.

National 179

National Study Digital Banking Trends 179

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.

Online 61

Online Cards Payments Study 61

PYMNTS

NOVEMBER 30, 2020

Here are some the latest developments: Study: New COVID Restrictions Could Permanently Close A Third Of US Restaurants. The National Restaurant Association called October’s sales decline a “troubling sign for the industry.” Outback Steakhouse Debuts Curbside Gift Card Concierge. According to U.S.

Innovation 150

Innovation United States Cards Study 150

PYMNTS

APRIL 9, 2020

By that time the nation had accepted the COVID-19 pandemic’s inevitability, triggering a wave of stock-up buying of household supplies as face masks were suddenly everywhere, and major coronavirus-induced lockdowns commenced. Between March 10 and March 18 PYMNTS surveyed 5,557 U.S. Walmart Pay works on both Apple iOS and Android, and “… 81.2

Mobile 140

Mobile Apple Cards Millennials 140

Bank Innovation

SEPTEMBER 28, 2018

Power's annual National Banking Satisfaction Study, beating last year's winner PNC Bank by a few points, but the rest of the contenders stayed in the same place as last year. JPMorgan Chase took the number one spot in customer service in J.D.

UX 150

UX Report Study National 150

PYMNTS

OCTOBER 6, 2020

For example, Chime CEO Chris Britt recently said that unlike traditional banks that earn money off of fees and interest from loans, his company’s profits come mostly from card usage. Of course, the pandemic has forced banks – like all businesses – to rethink their priorities and make adjustments to how they interface with customers.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

PYMNTS

OCTOBER 9, 2017

While American consumers have yet to embrace mobile wallets, studies reveal that the demand for them and other forms of mobile payment is greater outside U.S. For the latest notable news and trends from around the mPOS space — including both national and international developments — check out the latest Tracker. .

Mobile 100

Mobile Cards Report Samsung 100

CFPB Monitor

SEPTEMBER 9, 2015

The CFPB has published a notice indicating that it is seeking approval from the Office of Management and Budget to conduct “a national web survey of 8,000 individuals as part of its study of ATM/debit card overdraft disclosure forms.” Comments are due by November 3, 2015.

Survey 60

Survey National Study ATM 60

PYMNTS

NOVEMBER 27, 2020

Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards. Financial institutions (FIs) and other issuers need more assurance than they’ve been getting, however, as cyber scams founded on false identities and bogus accounts are through the roof.

Security 269

Security Study Mobile Data 269

PYMNTS

DECEMBER 21, 2020

Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov. This digital shift — doing less in the physical world and more in the digital world for the same activity — is based on 16 longitudinal studies that PYMNTS has conducted of a national sample of more than 40,000 U.S.

Apple 227

Apple Study Innovation Survey 227

Abrigo

DECEMBER 10, 2019

ABA study shows banks are reporting more cases of EFE. According to the National Council on Aging (NCOA) this heartless crime is most likely under-reported due to the victims’ fear, shame and embarrassment. What the ABA study determined is that financial institutions of all sizes continue to focus on elder fraud prevention.

Fraud 284

Fraud Study United States Training 284

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Technology 208

Technology Report Fraud Study 208

PYMNTS

AUGUST 12, 2020

As detailed by NPR, though at least some verticals, such as grocery stores, accept card transactions (and thus see at some volume of contactless payments), a significant number of smaller businesses rely on cash to keep revenues coming in. percent of total value came from card payments, slightly outpacing the 48.3

Course 221

Course Cards Fintech Payments 221

PYMNTS

DECEMBER 21, 2020

and five other nations identified 100 million potentially fraudulent transactions between March 11 and April 28, for example. One May report noted a 54 percent month-over-month increase in loyalty- and gift card-related promotion abuse, for example. One recent report that surveyed consumers from the U.K.,

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

NOVEMBER 20, 2019

Mobile order-ahead has had an outsized impact on the entire restaurant industry, with a recent study finding that only 15 percent of restaurant meals are eaten on-premises, down from 40 percent several years ago. The study also discovered that 37 percent of consumers would abandon a QSR entirely if they were defrauded.

Fraud 111

Fraud Mobile Study Cards 111

PYMNTS

OCTOBER 9, 2020

Attorney General William Barr said that while cryptocurrency could fundamentally transform how human beings interact and how we organize society, “ensuring that use of this technology is safe and does not imperil our public safety or our national security is vitally important to America and its allies.”. A Slew of Problems.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

PYMNTS

FEBRUARY 13, 2020

This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study. That upgrade is coming in the form of national digital ID initiatives now underway in a number of countries from Argentina to Ukraine.

social media 150

social media Louisiana Colorado Samsung 150

PYMNTS

OCTOBER 14, 2020

Regional banks are following suit: First Horizon National Corporation , a regional FI based in Tennessee, has announced its partnership with a third-party technology provider to grant its treasury clients access to instant disbursement solutions. Integrating digital or instant payments can do more than just speed up these transactions.

Payments 257

Payments Trends Study Tennessee 257

PYMNTS

SEPTEMBER 29, 2020

According to a new study from the National Bureau of Economic Research (NBER) stimulus dollars did a lot to blunt the pandemic’s incredible impact on consumers. Some experts forecast that consumers will open up their wallets – particularly younger ones – and will spend at elevated levels during the season, albeit mostly online.

Study 238

Study Survey Data Examples 238

PYMNTS

JANUARY 29, 2020

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. FIS merchants in the U.S.

Lending 131

Lending Florida Capital Fintech 131

PYMNTS

OCTOBER 7, 2019

Merchants and PSPs are far from the only ones with lingering questions on SCA’s application — regulators in EU countries are trying on to integrate the rule into their national payment processes. It is still a matter of debate on what exemptions, innovations and changes can be left up to national authorities — and what cannot.

Regulation 134

Regulation Trends Compliance National 134

PYMNTS

JUNE 6, 2017

Dads are getting some extra love this Father’s Day, according to a study by the National Retail Federation (NRF). billion last year and sets a new record since the study was first conducted 15 years ago. Total spending for the holiday is expected to hit $15.5 That’s up from $14.3 On average, shoppers will spend $134.75

Study 120

Study Survey National Retail 120

PYMNTS

JANUARY 29, 2019

The Union of Arab Banks (UAB) has said in a study that such a movement would change the way Arab banks provide financial services. . As pertains to Egypt banks, e-Cards (and, in tandem, electronic payments) have swelled to more than 30 million cards as of June 2018, as estimated by the country’s central bank.

Fintech 145

Fintech Cards System Groups 145

PYMNTS

OCTOBER 20, 2020

Apple had already more or less created the modern smartphone industry with the iPhone and remade the music industry with the iPod – so it didn’t seem too much of a stretch to believe that if Apple wanted to disrupt the plastic card, it could fall out of favor for in-store purchases. Study data indicate that 73.1 23 and Sept.

Apple 133

Apple Payments Study Mobile 133

PYMNTS

NOVEMBER 27, 2019

Consumers are most concerned with getting good deals around the holiday season, according to a recent study by Deloitte. The study also showed that free shipping is more important than the speed at which an order arrives, according to 85 percent of consumers.

Trends 130

Trends Millennials Retail Study 130

PYMNTS

SEPTEMBER 13, 2016

Along with that growth in card numbers, said the firm, purchase transactions and volumes are also on the upswing. million EMV-enabled payment cards issued across the platform in the U.S. million EMV-enabled payment cards issued across the platform in the U.S. in the past year. in the past year.

Case Study 100

Case Study United States Analysis National 100