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

SEPTEMBER 23, 2019

What these studies didn’t reveal is that construction management software and tools like virtual cards can also speed payments and free up cash flow. How Virtual and Purchasing Cards Can Help. Virtual cards are a form of ePayables that act like a traditional credit card. Only 6 percent wanted mobile access.

Industry 169

Industry Cards Software Phoenix 169

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

Regional 241

Regional National Cards Mobile 241

PYMNTS

NOVEMBER 26, 2018

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. These are optimistic observations for an industry where commercial cards have struggled to get off the ground.

Trends 171

Trends Cards Payments Tools 171

CFPB Monitor

JANUARY 12, 2017

Early this morning, the CFPB released the findings of its national debt collection consumer survey. The press release announcing the survey also includes links to “ consumer debt collection stories ” and a new white paper on online debt sales. Credit card debt remaining a potential regulatory focus is no surprise.

Survey 60

Survey National Leadership Compliance 60

PYMNTS

DECEMBER 11, 2017

It appears the ever-inventive thieves of the world have found a new way to make gift card fraud work for them this holiday season, according to the Better Business Bureau (BBB). This year the scam relies on thieves grabbing cards off the rack, scratching the film that covers the card PIN underneath and copying the relevant numbers.

Cards 129

Cards Fraud Retail National 129

PYMNTS

AUGUST 7, 2020

India has seen a steady stream of digital payments since it locked down to prevent the spread of COVID-19 , but the nation of 1.3 To remedy the problem, the Reserve Bank of India supports an option for offline payments through cards, wallets and mobile devices. In July, the National Payments Corp.

Payments 267

Payments Guidelines National System 267

PYMNTS

FEBRUARY 23, 2017

In years past, this money was typically spent on things like paying off credit cards, buying new clothes or taking a trip somewhere exotic. That day is when the IRS hands out tax refund checks from the previous year’s tax filing. Not this year.

Taxes 100

Taxes Survey Analytics National 100

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

Fraud 78

Fraud National Security social media 78

PYMNTS

DECEMBER 8, 2017

They say gift cards are the gift that always fits. Thieves simply walk into Walmart, Target, Home Depot, Lowe’s or another big-name retailer, steal an item, return it at a different store without a receipt and receive a gift card in return, which they can then turn around and sell to a pawn shop or secondary store for a lower price.

Fraud 105

Fraud Cards Tennessee Retail 105

PYMNTS

OCTOBER 15, 2020

“This operation has shown that through this cooperation we can collectively tackle the global nature of cybercrime,” said Carlos Cabreiro, director of Portugal’s National Unit for Fighting Cybercrime, according to the AP. This is the only way forward.”.

Georgia 192

Georgia National Survey Report 192

PYMNTS

DECEMBER 21, 2020

One recent report that surveyed consumers from the U.K., 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.

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

DECEMBER 16, 2019

A recent National Restaurant Association (NRA) survey found that 43 percent of consumers want to order via app, but only 18 percent of NRA members have it on the menu. Credit/debit card pilferage is their core trade, so naturally, they’ve latched onto gift cards in a big way. Would You Like Hacking with That?

Mobile 134

Mobile Fraud Cards Survey 134

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

JANUARY 9, 2019

are less optimistic about the national economy, with economic outlook dropping for the fourth month in a row, according to analysis from the National Federation of Independent Business (NFIB). Reports in the Wall Street Journal on Tuesday (Jan. 8) said entrepreneurs in the U.S. The NFIB’s optimism index dropped to 104.4

Michigan 168

Michigan National Survey New York 168

PYMNTS

FEBRUARY 20, 2020

Yet, what if these companies extended their presence into banking by offering accounts that improved the way consumers use and manage their credit cards and debit accounts? For the Building A Better App: Banks And The Innovation Imperative Report , a collaboration with Ondot , PYMNTS surveyed more than 3,000 U.S. In fact, 24.3

Cards 146

Cards Data Management Mobile 146

PYMNTS

JANUARY 14, 2021

percent market rate that the National Retail Federation (NRF) had predicted, according to the release. In addition, PSCU found that increased adoption of contactless “tap and go” transactions through dual interface cards continued to occur during last year’s holiday season. percent of card present activity on contactless credit cards.

Innovation Strategies 155

Innovation Strategies Cards Analytics Survey 155

PYMNTS

APRIL 9, 2020

Between March 10 and March 18 PYMNTS surveyed 5,557 U.S. 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. percent to 80.2

Mobile 140

Mobile Apple Cards Millennials 140

PYMNTS

JULY 20, 2020

The National Retailer Federation (NRF) recently put out an even rosier forecast for the K-12 market, suggesting that back-to-school sales are likely to reach $789 per student this year, up from $697 last year. Deloitte predicted roughly flat year-over-year U.S. back-to-school spending of $28.1

Retail 130

Retail United States Survey Analytics 130

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

FEBRUARY 8, 2019

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. billion on gift cards and $933 million on greeting cards. The survey asked 7,384 adults aged 18 or older the questions between Jan. billion, followed by a date night at $3.5 billion, clothing at $2.1 billion, $1.9

Retail 150

Retail Survey Analytics Cards 150

PYMNTS

DECEMBER 3, 2020

Judging by Ondot ’s data from a recently conducted consumer survey, that means holiday shopping is going to be online and on mobile to a degree never before seen. COVID-19 has driven people to be a bit more cautious with their spend, and we saw that credit card spend was way down pretty much for most of the year,” he said. “I

Cards 210

Cards Online Trends Survey 210

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. 11 percent of businesses surveyed in Microsoft’s 2019 Global Cyber Risk Perception Survey said they are confident about their cyber resilience. Stronger passwords.

Data 202

Data Los Angeles Survey Cyber Security 202

PYMNTS

MAY 11, 2018

LendingTree , the nation’s leading online loan marketplace, released its first Consumer Debt Outlook for May 2018 — it found that collectively, Americans owe more than 26 percent of their income on consumer debt, up from 22 percent in 2010. Revolving credit, primarily credit card spending, also fell by $8.1 billion to $976.6

Cards 116

Cards Survey National Data 116

Tomorrow's Transactions

OCTOBER 2, 2020

A recent survey funded by the National Retail Foundation, found that no-touch payments have increased for 69 percent of US retailers surveyed, since January 2020. In May, Mastercard reported that 78%… Continue reading Payment Card issuance errors; leaving the door wide open for fraudsters.

Cards 39

Cards Payments Survey National 39

PYMNTS

DECEMBER 11, 2020

According to the survey data, 79.6 That includes things like contactless credit and debit cards, digital wallets, cards on file or other digital methods. percent reported interest in card on file and 17.9 percent fewer consumers use contactless credit cards than would like to, while 15.1 percent of all U.S.

Study 240

Study Online Cards National 240

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 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Capital One Halts BNPL Transactions On Its Credit Cards.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

SEPTEMBER 13, 2016

Along with that growth in card numbers, said the firm, purchase transactions and volumes are also on the upswing. In a press release detailing the survey results, Entrust Datacard noted that instant issuance technologies were first adopted by smaller banks and credit unions almost a decade-and-a-half ago. in the past year.

Case Study 100

Case Study United States Analysis National 100

PYMNTS

NOVEMBER 20, 2018

In an organized retail crime (ORC) survey, the National Retail Federation found that 92 percent of respondents were victims of the practice in the past year. According to retailers, the shift could come through a variety of factors such as gift card fraud and the online sale of stolen items as well as a shortage of staff in stores.

Retail 110

Retail National Survey Fraud 110

PYMNTS

MAY 8, 2020

We’re most encouraged to see such widespread bipartisan support for the Payne bill,” said Bruce Renard, Executive Director of coalition member The National ATM Council, Inc. This law will establish sound and consistent guidelines to help preserve a nationwide option for consumers to pay with cash.”.

Groups 182

Groups San Francisco NJ New Jersey 182

CFPB Monitor

JULY 6, 2015

In its new report containing its findings from a survey of prepaid card users, The Pew Charitable Trusts urges the CFPB’s “speedy adoption” of its proposed prepaid card rule. Most prepaid card users do not want the option to overdraw their accounts.

Cards 60

Cards FDIC Survey National 60

PYMNTS

NOVEMBER 18, 2018

Customers are able to select and add their chosen offers through the app — and then use them with eligible Chase credit and debit cards. As for the merchants who participate in Chase Offers, they are able to directly reach millions of Chase consumer debit and credit card customers with deals designed to boost business.

Mobile 167

Mobile Retail Cards Survey 167

PYMNTS

NOVEMBER 13, 2020

A survey found that less than 50 percent of banks in North America leverage digital ID verification for bank account onboarding, with most requiring customers to verify themselves in person with physical ID documents at branch locations. Developments From Around The World Of Digital ID. More than 6.2

Fraud 242

Fraud US Mobile Study 242

PYMNTS

JUNE 19, 2018

Fifty-five percent of surveyed consumers in Q4 of 2017 said the most important reason they prefer their merchant was a third-party aggregator app. Twenty-six percent of surveyed consumers in Q4 of 2017 said the most important reason they prefer their merchant was delivery. Debit Cards. Gift Cards. Eleven percent of U.S.

Survey 115

Survey Cards Study Innovation 115

Abrigo

JUNE 13, 2022

According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment. Of banks surveyed, 86% provide training to customer service representatives on how to detect and report elder financial exploitation. Banks are assertive in protecting older customers. Red Flags.

Fraud 195

Fraud Training United States Survey 195

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. A quick look at PYMNTS’ consumer survey data indicates that even early in the pandemic, the majority of consumers were living highly financially tenuous lives.

Study 238

Study Survey Data Examples 238