PYMNTS

JUNE 24, 2020

They are also exhibiting increasingly robust cross-border payments capabilities, with a focus on simplicity and ease of operations internationally. You want to successfully transact with global customers, but each region has differences that can dramatically affect the ability to accept payments,” Wideman told PYMNTS.

Payments 130

Payments Regional Analysis Compliance 130

PYMNTS

DECEMBER 2, 2019

China has implemented a new policy requiring citizens who want new phone service to scan their faces to verify identities instead of simply presenting ID cards, according to a report in The Wall Street Journal. 1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards.

Policies 130

Policies Mobile Maine Fraud 130

PYMNTS

AUGUST 28, 2019

UnionPay is a global card company, and it has issued in the neighborhood of seven billion cards. The company’s network reaches 174 countries and regions. Members can now pay directly with their UnionPay cards, and Travelzoo perks, like Local Deals and Getaway Offers, will be accessible to UnionPay users in China.

Payments 108

Payments Cards Regional Management 108

PYMNTS

JUNE 17, 2020

Different MIFs apply to different transaction types, which can span contactless or card not present payments. MIFs can also vary according to whether acquirers and issuers are based in different regions or states.

Cards 150

Cards Retail Regional Marketing 150

PYMNTS

NOVEMBER 11, 2020

And for players in eCommerce — especially larger ones in markets that are booming — the Amazon threat is real and ever present. The company will have more autonomy in the direct creation and operation of financial services in Brazil, including financing. In addition, the company also has gotten a 400 million reais ($74.2

America 178

America Operations Regional Survey 178

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

Fraud 131

Fraud Cards Retail Security 131

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

JULY 8, 2020

That includes paying for everything from clothes to restaurant deliveries through online and card-not-present transactions. But drill down a bit, and cash usage has varied from country to country and region to region, depending on what phase of the pandemic (and lockdown) these countries are in. “On

ATM 214

ATM Regional Mobile Payments 214

PYMNTS

APRIL 18, 2019

SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. Larger merchants appear to be better prepared than the roughly 800,000 smaller ones operating across the continent. A September to Remember. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

JULY 21, 2017

Fraud varies country to country, region to region. Just as payment methods are varied, so too are the ways that people pay, and whether, given a certain locale, they prefer paper (cash) over plastic (via mag stripe or chip card), or mobile over interactions with the cashier — these differences color fraud as well.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

OCTOBER 11, 2019

In a PYMNTS interview with Karen Webster, Ryan Frere, vice president of global payments at Flywire , said the partnership “opens up 13 currencies across the network we can allow payers to choose when they use JCB cards to pay tuition.”. And, as he told Webster, the JCB partnership helps establish a beachhead into other verticals.

Cards 134

Cards Payments Regional Operations 134

PYMNTS

SEPTEMBER 18, 2019

As Ufford told Webster, past may be prologue, and the future journey toward proving identities may take a hint from the card networks. “ The card networks have essentially given us the roadmap on how to solve identity when they solved card payments.”. The writing’s on the wall from the payments space,” he told Webster.

How To 158

How To Regional Data Cards 158

PYMNTS

JANUARY 23, 2020

This week, global luxury brands have seen their stock prices take a sharp hit as reports emerge that a coronavirus with origins in China’s Wuhan region is spreading rapidly and has made its first appearance on U.S. That acquisition made PayPal the first foreign online-only payments processor to operate in China.

Cards 130

Cards Payments Branding ATM 130

PYMNTS

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. Those operations manage and own 50 percent of [U.S. Deposit Trends.

Community Bank 116

Community Bank Community Operations Leadership 116

PYMNTS

FEBRUARY 14, 2018

Beyond the stereotype of the piña colada on the beach and tropical climates, the Caribbean beckons as a hot spot for B2B payments through virtual commercial cards. This is just more of that, in a different region, with a great partner in Mastercard.”. The STP model is particularly suited for the Caribbean, said Leavitt.

Marketing 100

Marketing Cards Regional Payments 100

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Most Latin American card networks rely on chip and PIN fraud detection technology.

Fraud 52

Fraud Cards Analytics System 52

PYMNTS

MARCH 11, 2016

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Operating locally can give a payments service provider a distinct advantage. WHY GOING LOCAL MAKES A DIFFERENCE.

America 100

America Payments Fraud Case Study 100

PYMNTS

MAY 21, 2020

When you get into payment methods,” said Benson, “everyone thinks about credit cards plus Apple Pay and Google Pay” – but merchants can also benefit from an awareness of what “evergreen” payment methods consumers want to have kept on file. For those firms whose customer bases stretch beyond U.S. said Benson. So that whole flow has changed.”.

Payments 256

Payments Cards Online Apple 256

South State Correspondent

JANUARY 4, 2023

For any banker looking for clarity, we present five New Year’s resolutions, no matter your size, that provide a roadmap to accomplish both the short and long-term objectives of a top-performing bank. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Why “Growth” is Not on The List.

Community Bank 195

Community Bank Capital Lending Training 195

Gonzobanker

FEBRUARY 8, 2022

Maybe that’s why the special FinXTech presentations running alongside more traditional financial, legal, and risk sessions were jam packed with executives furiously scribbling notes. The grassroots of community and regional banking will no longer be vanilla operations geographically focused. price/book multiple.

Fintech 165

Fintech Customer Experience Conference Technology 165

PYMNTS

MARCH 26, 2019

The high usage of voice – which is one of the fastest-growing adopted consumer technologies – “presented a tremendous opportunity” for ordering at restaurants due to “the speed and convenience voice allows to the consumer,” Sandler told PYMNTS in an interview.

Technology 121

Technology Maine Study Google 121

PYMNTS

MARCH 29, 2018

Parker said the startup is working to get the payments industry comfortable with the idea of operating in the cloud. While some countries are struggling more than others, Emailage found that every region is facing new challenges in the wake of EMV going online. Here’s what’s been going on in the world of startups in the month of March.

cryptocurrency 109

cryptocurrency Regional Bitcoin Cards 109

Tomorrow's Transactions

AUGUST 21, 2016

Operators are migrating from a world where customers have to exchange real money into transit money before they can ride on a bus or a subway, to a world where you simply tap your bank issued contactless credit or debit card on the transit reader. However, this ‘online-only’ option is not suitable for transit operators.

Operations 30

Operations Cards US Payments 30

PYMNTS

JANUARY 18, 2017

This can become increasingly difficult in emerging markets, where Kunal Patel, global head of product strategy and mobile payments at GoSwiff , explained that merchants are focused on operating in cash-driven economies. We’re seeing that in the regions that we play in.

Marketing 100

Marketing Regional Mobile Regulation 100

FICO

OCTOBER 30, 2017

Depending on factors including region, a bank’s risk appetite, product, channels, target market, maturity of fraud control measures, and portfolio size, first-party fraud comprises between 10-35% of bad debt. As a result, we are seeing fraud migrate from card fraud to paths of least resistance.

Fraud 72

Fraud Regional US Cards 72

PYMNTS

DECEMBER 23, 2020

One recent report found that 57 million freelancers are expected to operate in the U.S. The freelance market is also expanding in Europe, with one study indicating that gig economy workers conduct approximately 20 percent to 30 percent of all jobs in the region.

Payments 270

Payments Study Examples Report 270

PYMNTS

FEBRUARY 7, 2018

When a customer reaches the checkout counter, he or she presents their phone and the coupons are automatically added to the order. Supermarket operator Food Lion, for example, has a mobile app to make grocery shopping — and saving on grocery shopping through couponing and other perks — easier for customers across its 10-state footprint.

Texas 116

Texas San Antonio Oklahoma City Oklahoma 116

PYMNTS

JULY 27, 2020

Negotiations between Facebook and regulators seem to have stalled on the question of whether or not Facebook actually needs a license to operate in Brazil. The changes that are happening in Brazil and across the region, he noted, aren’t exactly new. Leveraging an Ecosystem to Ride Out Uncertainty. We’re still building that up.

Mobile 153

Mobile America Regulation Regional 153

PYMNTS

OCTOBER 21, 2019

Furthermore, according to the latest edition of PYMNTS’ PSD2 Tracker , only 40 percent of merchants operating in the European Union that are aware of SCA reported being ready by that date. The new SCA Impact Playbook explores how subscription-based merchants can prepare for SCA and manage conversion, churn and card-based risk.

Strategy 100

Strategy Compliance Fraud Payments 100

FICO

APRIL 16, 2019

Of specific concern are transactions completed when neither the card nor the cardholder is physically present (card-not-present or CNP fraud), as well as cards taken out by criminals under false identities (application fraud). Over 50 percent of global online retail sales in 2018 originated from the region.

Fraud 40

Fraud Survey Regional Cards 40

PYMNTS

DECEMBER 11, 2019

In Norway, banking group Eika Group announced an investment in and collaboration with EedenBull in an effort to help traditional financial institutions in the region strengthen financial services to business clients. The company emphasized the opportunity open banking presents to promote automation for the SMB community.

Fintech 132

Fintech Groups Data Strategy 132

PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. Awareness of those differences is key.

Payments 245

Payments System Innovation Management 245

FICO

JUNE 17, 2021

Let's take a look at the options I was presented with and what that really means to both the consumer and the fraudster. In years gone by, our option was simple – which card do we use? When presented with the above list, it is easy to be overwhelmed, as I was. Trusted cards. The Options. Global threats.

Fraud 52

Fraud Payments Retail Cards 52

PYMNTS

DECEMBER 3, 2018

Javier Santamaria, chair of the EPC , provided an update to PYMNTS on the challenges both faced and still present — and what lies ahead. He did note, however, that the goal of SEPA is not to replace existing card rails or ACH transactions.). 21 of 2017.

Payments 155

Payments National System Regional 155

PYMNTS

JULY 19, 2018

Various types of consumers desire different ways to pay — the differences stemming from technological realities and cultural habits — and that has resulted in some 300 “significant” forms of local payment options operating around the world. ” Payment Platforms. ” Payment Platforms.

Payments 103

Payments San Francisco Analysis Innovation 103

PYMNTS

MARCH 10, 2017

With eCommerce in full swing, many retailers are looking to restructure many facets of their operations. One of the many challenges that typically arises when it comes to cross-border eCommerce payments is potential card-not-present fraud occurrences. PYMNTS: What do you see impacting this space in 2017 and beyond?

blockchain 108

blockchain Payments Retail Technology 108

PYMNTS

APRIL 30, 2019

Writ large, said Eleveld, the payments industry will likely see card-not-present fraud shift from Europe to more distant shores, where less strict authentication processes are in order. Geographically speaking, in a post-PSD2/SCA world, eCommerce fraud may shift, he said, to places like Latin America and the Asia Pacific region.

Fraud 171

Fraud Online Cards Payments 171