PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov. consumers — 47.2

Apple 227

Apple Study Innovation Survey 227

PYMNTS

NOVEMBER 9, 2016

The report addresses drivers for innovation, the need for omnichannel retailing, as well as payment security and consumer trust. According to the study, SMBs are losing all that money each year via cash payments. The stats we’ve seen come out of this study are part of a wider trend. We know that cash is in decline.”.

Report 176

Report Study Trends Innovation 176

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 Innovation Leads the Way . As Mastercard EVP of Products and Innovation Jess Turner recently told PYMNTS, “consumers want cards, they want them quickly, and they want those cards [delivered] in a digital way.”.

Study 205

Study Cards Payments Innovation 205

PYMNTS

NOVEMBER 29, 2018

What’s more, recently released studies have shown that employees are becoming less wary of their companies’ IoT plans, which could fuel growth, while service providers are also encouraging companies to engage in new IoT solutions. These concerns aren’t unfounded, either. government, meanwhile, is rallying to promote better cybersecurity.

Trends 173

Trends Security Study California 173

PYMNTS

SEPTEMBER 24, 2020

Social Security numbers. billion in losses in 2019, according to a recent study, although it has declined from $20 billion in 2013. A major factor in this decline has been the rise of improved authentication and security systems at banks like Axis. It’s like the Social Security number in the U.S.,” Shetty explained.

Video 205

Video Fraud Digital Banking System 205

PYMNTS

OCTOBER 16, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime. And yet, per that same study, 30 percent rate at least one of their AML components as being either “not at all” or only “somewhat” effective. Challenges and Solutions.

Compliance 123

Compliance Fraud Study Digital Banking 123

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

South State Correspondent

MAY 13, 2024

Its ability to detect and uncover money laundering and fraud at scale, including those perpetrated by organized crime, terror financing, and nation-state actors, is unparalleled. Banks with open banking ambitions should adopt this language standard to increase interoperability, efficiency, security, and customer experience.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

JANUARY 21, 2021

What’s more, businesses have also begun to experience whiplash for not prioritizing the security of their customers. For example, we sponsored a study, developed by Javelin Strategy & Research, that found that “over 60 percent of fraud is self-identified by consumers using various monitoring techniques.” Businesses across the U.S.

Fraud 180

Fraud social media Strategy Maine 180

PYMNTS

AUGUST 11, 2019

Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications. New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force.

blockchain 137

blockchain Bitcoin NJ New Jersey 137

PYMNTS

DECEMBER 9, 2019

Instant” is becoming the posted speed limit nationally and globally for transactions. But gig workers’ payment preferences are clearly on the side of instant , almost regardless of individual income security. It’s a disconnect that could not be more glaring. Paper checks are history, and that’s okay. Banking on Instant.

Millennials 130

Millennials New York City National New York 130

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

OCTOBER 19, 2020

Banks are typically required to establish direct links with financial institutions (FIs) in other nations to make or receive cross-border payments. A recent survey found that one-third of businesses were worried about cross-border payments fraud, while 26 percent expressed data security concerns.

Technology 193

Technology Payments Security Survey 193

PYMNTS

FEBRUARY 24, 2020

as they upgrade their online data and financial rules to support global digital banking innovations. Its policies mandate that corporations share private data with it, for example, meaning Chinese regulatory innovation requires serious consideration from any entities that wish to work there. Confronting the Chinese Privacy Myth .

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

SEPTEMBER 22, 2020

But the tech upgrades might soon be taking a radically different turn, according to “ How to Build a Better Robot for Quick-Service Restaurants ,” a new study published in the Journal of Hospitality & Tourism Research by Ball University Professor Dina Marie Zemke. Customers can only be won over once with novelty, the study found.

Study 219

Study Technology Training Report 219

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

DECEMBER 24, 2020

And that shift has persisted throughout a year where mobile and digital expansion and innovations have been a rare bit of bright spot in an otherwise incredibly challenging environment. Digital Innovations Will Outlast the Pandemic That Inspired Them. The Secret Sauce For Securing Foods Digital Future Is Forethought. “If

Study 206

Study Industry United States Innovation 206

PYMNTS

AUGUST 10, 2016

What we do know, however, is that efficiency-driving innovation will have its place, come whatever market environment,” Joshua Kempf, cofounder and CEO of online B2B industrial products distributor Gaveteiro.com.br , explained in his TechCrunch piece. Canada and Brazil. It looks like it’s no harm, no foul for Apple.

Innovation 100

Innovation Apple social media America 100

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

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. The group’s connected commerce behaviors are well-documented in the annual PYMNTS/Visa How We Will Pay 2019 study released just today. How We Will Pay 2019 is an annual national study of more than 5,000 U.S. Connected Devices: Why Less Is More.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

AUGUST 27, 2019

According to PYMNTS’ Credit Union Innovation Index , 65 percent of CU members said they chose a CU as their primary financial institution (FI) because they trusted it, as opposed to 45 percent of non-CU members who said the same. While the PYMNTS study found loyalty programs are members’ most popular desire at 49.1 percent in the U.K.

Data 122

Data Report Los Angeles California 122

PYMNTS

JUNE 4, 2020

There was already disparity in how patients were receiving funds from providers and the methods they wanted to use, with one pre-outbreak Ingo Money study noting that less than 10 percent of U.S. Thirty-six percent recently reported concerns about affording COVID-19 testing, for example, and a separate study found that 26 million U.S.

Study 130

Study Payments Tools Online 130

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Airbnb on Payments, User Friction and Security Challenges in a Global Market. To read the Case Study, download the Playbook. About the Playbook.

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

JUNE 19, 2018

Granted, “wait and see” was probably not the most highly recommended strategies going into the GDPR world, given how the European Union (EU) regulation essentially applies to every company making money in digital, not just those firms based in the EU’s 28 member nations. We always wanted security to have a seat at the table.”.

Regulation 101

Regulation eBook social media Case Study 101

CFPB Monitor

FEBRUARY 6, 2020

3621, the Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020 (“Comprehensive CREDIT Act”). On January 29, 2020, the House passed H.R. Sponsored by Rep. Ayanna Pressley (D-MA), it passed by a mostly party-line vote of 221-189, with all but two Democrats supporting it.

Report 78

Report Study Lending Industry 78

Abrigo

NOVEMBER 2, 2021

On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). The AMLA is extensive, and there are many steps involved before FinCEN can implement the act, such as conducting studies, writing regulations, and publishing guidance. With the 2021 change in administration in Washington, D.C.,

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

SEPTEMBER 7, 2017

For the Fed, progress means improving the speed, security and efficiency of the payments system, and to focus on international payments capabilities and promote collaboration within the field. Since establishing the Secure Payments Task Force, the Fed said efforts on payments security have been closely aligned with those on payments speed.

Payments 124

Payments Kansas City Security Industry 124

Chris Skinner

MARCH 2, 2017

I was chairing a panel where Romana Kumar, Head of Global Transaction Banking for the National Bank of Abu Dhabi (NBAD), was discussing their trial of Ripple. There was quite an interesting discussion about how this worked, as Ripple has been added to existing infrastructure?

Payments 150

Payments System Financial Technology Innovation 150

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. There’s a canary in the faster payments coalmine. It flew in on Dec. Here’s where the canary flew in. Could it be better?

Payments 194

Payments System Innovation Cards 194

PYMNTS

JUNE 1, 2020

That’s likely why in PYMNTS’ national study of 14,000 consumers, more than half (58.6 PYMNTS just completed the 10 th in our series of studies of consumers and Main Street SMBs on the impact of the pandemic on consumer and business behavior. This latest study of a national sample of U.S. population. population.

Cards 147

Cards Study Maine Payments 147

PYMNTS

MARCH 2, 2020

The national unemployment rate fell to its lowest level since 1969 in April 2019 — 3.6 The Center for Financial Services Innovation (CFSI) found in 2018 that American adults who used payroll cards represented a range of income brackets: 16 percent made $100,000 annually, and 35 percent took in $30,000 to $59,000 annually.

Cards 130

Cards ATM United States Payments 130

NCR

JULY 31, 2017

The 2017 Identity Fraud Study from Javelin Strategy & Research revealed that the number of US consumers falling victim to identity fraud rose by 16 percent to 15.4 This additional layer of security makes it much more difficult for criminals to hack into accounts. million in 2016. ” Tracking non-financial data.

Fraud 74

Fraud Digital Banking social media Security 74

PYMNTS

FEBRUARY 15, 2018

Elsewhere, in India, that country’s Reserve Bank has floated a raft of proposals seeking to boost the FinTech space, with a focus on innovation labs and data protection, among other initiatives. One consideration, the group has said, includes regulatory sandbox/innovation hubs that provide industry support as innovation comes to market.

Washington 101

Washington Regulation Conference Fintech 101

PYMNTS

JULY 19, 2019

In a study, which queried 400 financial decision-makers in 12 industries, 35 percent of firms said they intend to reduce their paper check reliance through the next few years. 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.

Cleveland 128

Cleveland social media Fraud Google 128

CFPB Monitor

MARCH 2, 2020

Instead, in October 2017, the CFPB released a set of “ Consumer Protection Principles ” to guide participants “in the developing market for services based on the consumer-authorized use of financial data” that were designed to flexibly support innovation while providing consumers with sufficient data protection.

Data 78

Data Policies Groups Fintech 78

NCR

AUGUST 18, 2017

Blockchain, or distributed ledger technology as it is sometimes called, is a database that is distributed across a network and cryptographically secured, such that records become immutable. Adopting blockchain technology in this area could not only reduce costs, but enhance security and efficiency. Significant savings to be made.

blockchain 75

blockchain Technology cryptocurrency Study 75

Banking 2020

NOVEMBER 8, 2015

Announcing the API, Safaricom said it expects developers to create a range of innovative solutions for businesses and consumers using the mobile money service, one of the most successful in existence. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016.

Cyber Security 40

Cyber Security Payments Security Regulation 40