BankUnderground

FEBRUARY 28, 2024

The idea that anything bought with cash is free because the money is spent when you make the withdrawal, not when you make the purchase, is one example of the TikTok phenomenon #girlmath. We find that, rather than turning to cash, contactless is king when it comes to budgeting. But which of these is more on the money?

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Survey Groups Online Payments 57

PYMNTS

NOVEMBER 18, 2020

consumers’ cash use has declined over the last several years in terms of its share of the overall payments pie, but as consumers spend more, the pie gets bigger, and as people continue to use cash, cash usage continues to grow. Cleaning Up Dirty Money. Cash may not be king in the U.S. And mostly for low dollar purchases.

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Study New York City ATM Maine 304

ATM Marketplace

NOVEMBER 2, 2021

As mobile and contactless payments expand, consumers expect safe and convenient ways to send and receive money in all types of environments. Payment technology providers aren't missing a beat in addressing this need.

Meeting 104

Meeting Payments Mobile Technology 104

PYMNTS

MAY 22, 2019

We are talking about consumer acceptance of contactless payments in the U.S. specifically, the use of such payments for mass transit in New York City. transit agency to implement contactless payments using Visa’s global transit framework. The MTA, according to Visa, becomes the first U.S. forward, so to speak.

New York City 171

New York City New York Payments Training 171

PYMNTS

SEPTEMBER 17, 2020

The CX must also be speedy and seamless, and for the merchants themselves, digital in a way that helps them make their own “money management” efforts more efficient as they digitize their own banking and accounting activities. The trend, after all, is toward contactless transactions. “It Looking Ahead.

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Independent Banker

APRIL 30, 2022

From contactless payments to the digitization of business-to-business (B2B) payments, trends in business payments are shifting to meet customer preferences, making this space one to watch for community banks. What developments will affect business payments in the short to medium term? are now contactless.

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Trends Payments Community Bank Community 144

PYMNTS

NOVEMBER 19, 2020

Google’s Caesar Sengupta , general manager of payments, and Josh Woodward , director of product management, said the revamp aids visibility, streamlines transactions and lets users track a trail of payments. No surprise: The trend has been toward contactless. Safety First . That’s up from 4.9 percent of U.S.

Google 254

Google Mobile Apple Survey 254

PYMNTS

NOVEMBER 4, 2020

Plus, Visa is collaborating with UAE-based NOW Money to bring digital banking services to low-income customers. . Schwartz will be taking over for Phillip Lindow per a memo from Takis Georgakopoulos, the head of wholesale payments at the company. Visa, UAE’s NOW Money to Bring Digital Banking to Low-Income Gulf Customers.

Alabama 162

Alabama United States Florida Digital Banking 162

PYMNTS

JUNE 30, 2020

Careem , the Dubai-based ride hailing company, has entered into a partnership with Visa to expand digital payments. The agreement is expected to accelerate cashless payments and digital banking across the Middle East and North Africa, the companies announced.

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Payments Security Regional Digital Banking 207

PYMNTS

FEBRUARY 1, 2021

To get a sense of the present state — and future — of instant payments, look to Italy. It has pulled ahead of its EU neighbors in developing real-time payments technology and in recruiting banks to adopt it. These days that “stable and efficient growth” has a lot to do with real-time payments.

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Payments Cards Taxes System 250

PYMNTS

NOVEMBER 2, 2020

Digital payments network Zelle surpassed the one-billion transaction mark over the past year, with the coronavirus crisis leading to a boost in demand, according to a press release. Zelle also saw a big jump in payments sent over its network by small businesses, which surged 30 percent over the second quarter to $4.5

Payments 209

Payments Survey Course Fraud 209

PYMNTS

AUGUST 30, 2020

By enabling real-time connections, the press release says payments can go through quickly and credit unions can avoid applying unnecessary late fees upon members’ shoulders. CheckAlt Chief Product and Innovation Officer Bobby Rahmanian said the new partnership involved a streamlining of the entire payment process. “By

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Payments Trends Tools Digital Banking 273

PYMNTS

DECEMBER 24, 2020

It was a year in which consumers learned about new payment options and adopted them at a dramatic rate. As the year closes, PYMNTS calls out six payment methods that gained traction and attention, including a take from key executives in each category. Contactless. From contactless to touchless. Buy Now, Pay Later.

Payments 260

Payments Millennials Survey Trends 260

PYMNTS

DECEMBER 15, 2020

While credit union members might be less inclined to go to a branch to deposit a check or move money between accounts, they’ll still go to branches to take advantage of investment opportunities and/or more personalized offerings, he said. How COVID-19 Is Promoting Contactless And Mobile . Beware Of Fraud .

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Course Cards Fraud Mobile 186

PYMNTS

DECEMBER 31, 2020

PIN-based debit transactions are some of the most secure, but this payment method is being used less and less, with consumers instead turning to eCommerce and in-person contactless payments during the pandemic. FIs’ card-issuing trends also underscore the growing popularity of touchless purchasing approaches.

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Fraud Strategy Security Cards 273

PYMNTS

NOVEMBER 19, 2020

18) that today’s consumers seek money management that is like their own lives — a fast-moving “integrated experience.”. Upon request, people can opt for a contactless-enabled, physical debit Mastercard with access to 60,000-plus fee-free ATMs. . It helps you save money and gives you insights into your spending,” Sengupta said.

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Google ATM America Digital Banking 284

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. Many of those are payment apps used by consumers online, but not in brick-and-mortar stores without access to Apple’s NFC chip.

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Apple Study Innovation Survey 227

PYMNTS

SEPTEMBER 23, 2020

And FIs want to help consumers spend money in the places where they want to spend money — which, in the wake of COVID-19 — is largely online. Moreover, Piatt said getting a slot in a consumer’s digital wallet is critical in today’s era of changing payment preferences.

Cards 283

Cards Meeting Mobile Digital Strategies 283

PYMNTS

MAY 12, 2020

Pivoting Toward Contactless. Most immediate is the need to embrace and offer contactless cards (tap to pay). Members want new payment methods and want to limit human interaction. There’s also room for growth in mobile payments, and contactless card adoption will likely encourage more frequent use of mobile wallets.

Innovation 160

Innovation Cards Mobile Fintech 160

PYMNTS

AUGUST 7, 2020

Cash was long king in Nigeria despite more than a decade of efforts to bring cashless options to consumers, Jay Alabraba , co-founder of Nigerian payments platform Paga , told Karen Webster. We also saw a significant growth on the merchant side when it came to taking noncash payments as well. Handling Payments Is Only The Beginning.

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PYMNTS

NOVEMBER 10, 2020

Global payments startup SumUp announced it has been granted a new electronic money (eMoney) license from the Central Bank of Ireland. SumUp has been active in Ireland since 2012 and has introduced electronic payments to thousands of businesses. The FinTech also has eCurrency licenses in Lithuania and the U.K.

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Fintech Regulation Cards Google 245

PYMNTS

OCTOBER 1, 2019

From barter, to cash, to eCommerce, and now, to contactless payments – even those enabled by voice command. The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. percent; the 42.2

Millennials 140

Millennials Payments Study Groups 140

PYMNTS

DECEMBER 10, 2020

Bank is trying to adapt to the pandemic holidays with new eCards meant to spread cheer through contactless cash gifting, according to a press release. The eCards can be sent alongside payments made as gifts via Zelle in the bank's mobile app. Bank customers, according to the release, and will be easy to include with payments.

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US Cards Customer Experience Trends 161

PYMNTS

SEPTEMBER 14, 2020

PYMNTS latest Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company, notes, “Many shoppers are turning to options like contactless debit cards that can be waved over POS terminals, or they may be steering clear of brick-and-mortar locations altogether by simply buying their items online or via apps.”.

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Cards Retail Examples Payments 144

PYMNTS

FEBRUARY 1, 2021

The global payments ecosystem is still in flux after a year of rapid changes caused by the pandemic, and instant payments are becoming more intriguing to consumers around the globe. One PYMNTS study found that 59 percent of United States consumers would use instant payments because of their convenience, for example.

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Payments Regional Study Examples 246

TheGuardian

APRIL 12, 2023

World’s largest commercial printer of money issues profit warning after downturn causes ‘significant degree of uncertainty’ Demand for paper money has fallen to its lowest level in more than 20 years as consumers switch to card and contactless payments, the world’s largest commercial printer of banknotes has said.

Cards 75

Cards Payments 75

PYMNTS

MARCH 5, 2020

We know that money changes hands frequently and can pick up all sorts of bacteria and viruses,” a WHO spokesman said. “We When possible, it would also be advisable to use contactless payments to reduce the risk of transmission.”. We would advise people to wash their hands after handling banknotes, and avoid touching their face.

Payments 344

Payments Report Security 344

PYMNTS

JANUARY 25, 2021

Chief among them: the rise of online and contactless spending, all in an inexorable move away from cash. For Mastercard , contactless penetration reached 41 percent of in-person transactions globally compared to 37 percent in the second quarter — and 13 percent a year ago. Some Overall Trends .

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United States Payments Cards Trends 230

PYMNTS

APRIL 28, 2020

Financial institutions (FIs) are now working to extend services into customers’ homes, for example, and consumers are making fewer credit card payments amid uncertainty over what their employment statuses and budgets might be when the bills come due. FIs need to adjust their offerings accordingly to suit consumers’ new needs.

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Digital Banking Los Angeles Cards California 238

Chris Skinner

JULY 5, 2017

One of the first to be contactless and, more recently, one of the first to offer social retail banking. 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.

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National Cards Innovation Payments 300

PYMNTS

DECEMBER 31, 2019

The PYMNTS 2019 end-of-year survey of 30 executives asked for payment-related predictions that could (theoretically) be placed in a time capsule to be unearthed 12 months hence. Making Contact With Contactless. shoppers “finally [beginning] to embrace mobile payments and contactless cards to pay in-store.”.

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eBook Millennials Cards Survey 170

Chris Skinner

AUGUST 23, 2016

Contactless customers urged to ‘check’ before they tap Contactless cards grow in popularity as payments reach £9bn City firm axes big-money bonuses to stop ‘wrong … The post Things worth reading: 23rd August 2016 appeared first on Chris Skinner's blog.

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System Cards Payments 150

PYMNTS

JULY 17, 2020

“As consumer and business digital adoption has catapulted over the last 12 weeks, when it comes to payments, there are certain status quos we will no longer accept.”. Modernizing payments is work that never ends, but the end game is a world of connected commerce and consumer preference. Remember the old adage “cash is king?”

Innovation 241

Innovation Payments Customer Experience Study 241

PYMNTS

NOVEMBER 20, 2020

In today’s top news, Citi partners with Mastercard to power its Google Pay Plex accounts, and PayPal upgraded Xoom’s money transfer services. Citi Plex account holders will receive a digital debit Mastercard, and, upon request, can opt for a contactless-enabled, physical debit Mastercard with access to 60,000-plus fee-free ATMs.

Google 141

Google Payments United States Digital Strategies 141

PYMNTS

DECEMBER 3, 2020

Might mobile payments help revolutionize corporate cards? It’s been well documented how reliant on paper checks B2B payments have been right up to and even into the pandemic — with a significant percentage of payments being done through those antiquated means. It was a quick solution, but not the perfect solution,” Wood said.

Cards 213

Cards Mobile Payments Course 213

PYMNTS

SEPTEMBER 3, 2020

Contactless and remote payments are now essential for any business; iZettle Food & Drink provides us with an easy and reliable solution along with the business insights needed to navigate our new normal,” said Shaun McCarron , co-owner of The Little Chartroom restaurant in Edinburgh, in a statement.

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social media Taxes Payments Online 298

PYMNTS

NOVEMBER 24, 2020

However, the firm has since partly recovered as restaurants of all sizes and descriptions embrace such pivots as takeout, digitization and contactless payments, apparently creating a spike in demand for Toast’s services. The order is sent straight to the kitchen, we take payment on the spot, and it’s all completely contactless.”.

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Industry Kansas City Kansas Tools 201