PYMNTS

NOVEMBER 9, 2018

The ascent of eCommerce and the digital tools that support it have made it easier — in both theory and practice — for retailers to not only see how consumers browse and what they buy (to analyze the entire path to purchase), but to get to know them in the same ways as those old-time general store operators who served small towns.

Innovation 174

Innovation Retail Maine Security 174

PYMNTS

JUNE 8, 2020

The pandemic has thrown daily operations for merchants in the EU and the U.K. Retailers have had to swiftly adapt to markets where online transactions have ballooned exponentially. Regulators Jump to Tailor SCA for COVID-19. financial and payment services UK Finance. financial and payment services UK Finance. 14, 2019, deadline.

Payments 150

Payments Regulation Retail Online 150

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

MARCH 15, 2019

Connected commerce is among the hottest trends in retail, and not just for streaming or ridesharing or online gaming services, but for subscription purchases, too. For those online transactions that rely on cards on file to complete recurring payments, however, that figure tends to drop to the 60 percent range on average, he said.

Retail 146

Retail Payments Cards United States 146

PYMNTS

JANUARY 28, 2019

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

Cards 125

Cards New York Oklahoma Connecticut 125

PYMNTS

MARCH 4, 2019

Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. 1281), seeking to combat a trend — namely that more businesses are embracing card-only payment methods spanning debit and credit — the ban would also result in fines of hundreds of dollars per violation.

Retail 129

Retail New York City New York New Jersey 129

PYMNTS

AUGUST 23, 2019

Belgian and German data protection regulators were notified by Mastercard of a possible data breach, Bloomberg reported on Friday (Aug. The leak involved 90,000 customers’ names, addresses and credit card numbers. A survey by EHI Retail Institute showed that last year, card payments made up 48.6

Data 154

Data Cards Maine Survey 154

PYMNTS

DECEMBER 10, 2018

In the press release announcing the new feature, Walmart noted that customers can pay via cash, check, credit card or Walmart Pay. The retailer said at the time that “associates will help customers pay and go by simply swiping their credit card and providing them with a paper or electronic receipt for their purchase.”

Cards 134

Cards Data Seattle San Francisco 134

Chris Skinner

MARCH 23, 2017

I’ve been working closely with BKM, the Turkish retail payments clearing company, for a few years now. We may describe Turkish banking sector as strong, innovative, modern and well-regulated. million credit cards, 118.3 debit cards and 1.7 There are 52 banking institutions which operate in Turkey.

Innovation 196

Innovation Cards Trends System 196

Chris Skinner

MARCH 15, 2017

Building on my challenger bank discussions, there’s some interesting points coming out of a new report by Price Waterhouse Coopers (or Playing the Wrong Cards as they’re now called, after the Oscars) on challenger banking. It’s well worth a read, especially as they found that having branches is more important than mobile apps.

Regulation 291

Regulation Retail Survey Mobile 291

PYMNTS

JANUARY 28, 2019

Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. The ability for merchants to surcharge in the U.S. is nothing new.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

MAY 11, 2020

Business owners in these industries are learning how to survive financially as consumers abide by stay-at-home orders, all while preparing to restore their operations and afford payroll, utilities and other needs once doors reopen. Other entertainment operations are also experimenting to stay in the game.

Payments 189

Payments Cards Software Online 189

PYMNTS

DECEMBER 16, 2020

Southeast Asian super-app operator Gojek is launching its new GoBiz Plus point-of-sale (POS) technology for all-in-one-purposes for micro in addition to small to medium-sized businesses (SMBs) in Indonesia. The technology, which is a collaboration with PT Bank Central Asia, functions as a supplement to the GoBiz retailer super app.

Technology 240

Technology System social media Payments 240

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). Credit cards typically contain a chip or require a PIN. banking and financial services sector.

Groups 131

Groups Regulation Fraud Security 131

Bank Innovation

MARCH 10, 2016

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla., says there is.

Regulation 150

Regulation Fintech Community Strategy 150

PYMNTS

MARCH 8, 2019

Consumers in the European Union (EU) are adjusting to Payments Service Directive 2 (PSD2) and General Data Protection Regulation (GDPR), even though these regulations focus on bringing greater trust through transparency. 579 million: The number of biometric cards that will be in use by 2023. All this, Today in Data.

ATM 189

ATM Regulation Fraud Data 189

PYMNTS

NOVEMBER 8, 2019

Goldman Extends $10B In Apple Card Credit In First Month. According to regulatory filings made public this week, Apple Card? customers had $736 million in loan balances at the end of September, though it’s not clear how that compares with other credit cards, as Bloomberg said banks do not break out performance by individual cards.

Apple 100

Apple Cards Fraud User Experience 100

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . The only real deterioration we're starting to see is in subprime auto and credit card portfolios.” Regulators foster prudent loan modifications. CRE loan accommodations.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

AUGUST 14, 2019

Grovara, a technology company that operates a B2B platform to streamline global trade for U.S. ” Grovara’s B2B platform provides automated solutions for cross-border exporters, connecting businesses with overseas retail buyers and data technologies to streamline operations. In a press release on Tuesday (Aug.

Cards 128

Cards Operations Payments Technology 128

PYMNTS

JULY 24, 2020

Creating secure, convenient experiences for sellers and buyers alike is critical to eCommerce marketplaces looking to serve the retail sectors’ new needs and to help platforms appeal to more users. 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

AUGUST 9, 2019

Merchants must not only work with their financial institutions (FIs) to enable two-factor authentication (2FA), but also ensure that their relationships with customers remain unscathed, according to Peter Robinson, payments advisor for European retail association EuroCommerce. Retailers were excluded from PSD2 completely,” Robinson said.

Compliance 152

Compliance Regulation User Experience Retail 152

Cisco

JUNE 7, 2019

Retail banks, tasked with guarding customer data and dollars, must respond with modern defensive strategies and prepare for both today’s challenges and tomorrow’s threats. . After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. Damage control is all that remains.

Fraud 63

Fraud Retail San Diego Cyber Security 63

PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Gift Cards’ New Unfavorable Fans. As of September 2018, losses from gift-card fraud have hit $53 million.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

MAY 2, 2019

According to a report in The Financial Times , the new business — dubbed NatWest Tyl — is a merchant acquiring service for small and medium-sized businesses, enabling retailers to accept payments via cards in physical stores and online. RBS had to sell Worldpay as part of a bailout during the financial crisis of about a decade ago.

Payments 173

Payments Regulation Analytics National 173

PYMNTS

MARCH 1, 2019

According to RT.com , the Association of Internet Trade Companies, the Retail Companies Association (ACORT) and the Association of Trading Companies and Manufacturers of Electrical Household and Computer Equipment filed a request to the country’s antitrust authority to take action against both credit card giants. In the U.S.

Marketing 128

Marketing Cards Retail California 128

PYMNTS

DECEMBER 19, 2018

San Francisco-based FinTech company Square, known for its white card readers, has once again decided to become a banking establishment, according to a report in The Wall Street Journal. The company had previously asked to start a bank in September of 2017, but eventually withdrew from the process over procedural issues.

San Francisco 165

San Francisco Utah Capital Regulation 165

PYMNTS

DECEMBER 17, 2020

Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. 16) alleging that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations. Massachusetts Suing Robinhood, Alleging Failure To Protect Investors.

Massachusetts 147

Massachusetts Bitcoin Payments System 147

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. It is estimated over £200 billion of UK household debt is in unsecured retail credit.

Retail 63

Retail Management Analytics Compliance 63

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. One of the biggest challenges these companies face is that many operate without a bank charter or license. why profitability won’t come easy.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

JANUARY 17, 2019

is to pay federal and state regulators penalties of $11 million for allegedly opening fake store card accounts. Sterling Jewelers, a subsidiary that operates over 1,500 locations across the country with different brands, signed the settlement, The Wall Street Journal reported. “We

Regulation 116

Regulation Policies Cards Meeting 116

PYMNTS

JANUARY 30, 2020

This week’s roundup of the latest open banking initiatives finds new use-cases in business payments, procurement, corporate cards and more. Mastercard Taps FinTech for Biz Card Boost. Mastercard wants to expand Europe’s commercial card adoption, and is turning to a FinTech partner to help. Bankin’ Steps Into Payments APIs.

Data 161

Data Fintech Cards Software 161

PYMNTS

APRIL 8, 2019

The use of contactless payments is heating up worldwide, and retailers are looking to their mobile point-of-sale (mPOS) providers to help them prepare. It recently invested in SMB-focused Retail Capital , which offers merchants short-term funding options through its mPOS devices. Around the mPOS World.

Atlanta 128

Atlanta Cards Mobile Meeting 128

Cisco

JUNE 7, 2019

Retail banks, tasked with guarding customer data and dollars, must respond with modern defensive strategies and prepare for both today’s challenges and tomorrow’s threats. . After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. Damage control is all that remains.

Fraud 48

Fraud Retail San Diego Cyber Security 48

PYMNTS

JANUARY 28, 2019

It is also, according to reports, a favored new method by thieves, who will access someone else’s credit card information, use it to create a Fortnite account and then buy V-bucks, the game’s currency. Capital One ’s further reprots domestic card loans increased 8 percent or $5.8 Credit card loans increased 5 percent to $116.4

Video 128

Video Data Google Cards 128

PYMNTS

SEPTEMBER 11, 2019

Treezor is an electronic money issuer and is tied to a regulatory landscape that spans the French regulators and the European Union’s General Data Protection Regulation. Separately, B2B payments and international money transfer firm B2B Pay said this past week that it plans to become a regulated financial institution.

Digital Banking 177

Digital Banking Regulation Payments cryptocurrency 177

PYMNTS

NOVEMBER 30, 2020

Daniel Gouldman , CEO of crypto-banking platform operator Ternio , told Karen Webster that PayPal’s endorsement is a major step in crypto’s quest to go mainstream. or European central bankers and regulators. “I PayPal has basically just said, ‘Hey, we're going to open this up to everybody,’” Gouldman said in a recent interview.

Bitcoin 292

Bitcoin cryptocurrency Washington Security 292

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. This steady march toward online banking tools has played a key role in how Brazil’s regulators are structuring its open banking rules.

America 165

America Regulation Regional Tools 165