PYMNTS

DECEMBER 3, 2020

As for the tantalizing topic of payment types, Black Friday 2020 was decidedly debit. Per the Black Friday 2020 Report , “debit cards surpassed credit cards as the most common method in-store shoppers used to pay for their Black Friday purchases … with 48.6 percent who paid using credit cards this year.”.

Retail 149

Retail Data Online Cards 149

Abrigo

JANUARY 31, 2023

Regulatory movement expected in the AML/CFT industry Financial institutions should keep an eye on these AML/CFT hot topics while awaiting regulatory guidance. From the Anti-money Laundering Act of 2020 (AMLA) to the SAFE Banking Act, here is a high-level look at what updates did occur and what hot topics banks will still be watching in 2023.

Fraud 195

Fraud Training Regulation Trends 195

PYMNTS

OCTOBER 10, 2019

Real-time payments are currently among the hottest trends and topics in the payments industry — a source of significant investment and regulatory attention, as financial institutions and other players strive to meet consumer demand for faster money movement. Common forms of pull payments, meanwhile, include debit cards and paper checks.

Payments 202

Payments Cards Trends Security 202

PYMNTS

SEPTEMBER 18, 2017

According to a recent survey by Transaction Network Services (TNS), 85 percent of adults in the United States, United Kingdom and Australia believe fraud attempts on debit and credit cards are on the upswing.

Survey 117

Survey Security Data United States 117

Abrigo

JUNE 13, 2022

However, The Senior Safe Act of 2018 was signed into law in May 2018 (section 303 of the Economic Growth, Regulatory Relief, and Consumer Protection Act) and provides immunity for covered institutions, including banks and credit unions, from lawsuits or prosecution for reporting elder abuse. BSA Rules and Regulation. Cannabis Banking.

Fraud 195

Fraud Training United States Survey 195

BankBazaar

JUNE 14, 2023

Be it Credit Cards or coffee, too much of anything is bad! If you’re addicted to applying for Credit Cards, then this article might just be the antidote that you’re looking for. Swiping a Credit Card is as cool as sporting the best shades or shoes in the market (at least for me). A new Credit Card increases your credit limit.

Cards 78

Cards System US Management 78

CFPB Monitor

DECEMBER 20, 2021

The Bureau is concerned that some BNPL providers may be structuring their products in such a way that they may not be subject to certain consumer protections, such as dispute resolution procedures that apply to credit cards. Ballard Spahr held a webinar in August 2021, “ Buy-Now-Pay-Later Credit: What You Need to Know.”. .

Kansas City 78

Kansas City Kansas Data Cards 78

PYMNTS

MAY 1, 2020

Banks are reserving tens of billions of dollars against potential credit card and loan defaults. Amid job losses and reduced wages, they’re pulling back on credit card spending and embracing debit transactions. Mastercard , for example, said in its latest earnings call that debit/prepaid transactions were up 9.5

Course 153

Course Cards US Technology 153

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. And all this, by the way, while keeping credit, efficiency and earnings solid. For decades many thought it would never happen but now America’s Credit Unions is becoming a reality. We are in awe.

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Fintech Community Regional Technology 195

Independent Banker

DECEMBER 31, 2022

The traditional banker might say, ‘OK, let’s close your checking account down, let’s suspend your debit and credit cards.’ You still need the ability to crunch numbers, you still need to have your basic credits and debits, or your accounting basics, but that can be taught,” she says. How can we further support the family?’

Training 98

Training Community Bank Community Knowledge Base 98

Abrigo

MAY 20, 2022

Takeaway 2 The survey topics included fraud prevention tools, frustrations with tools, and what enhancements users would like to see. The survey topics included fraud prevention tools, pain points and frustrations, and what enhancements users would like to see integrated within their current fraud solutions. Fraud Wishlist. Learn More.

Trends 195

Trends Fraud Training Survey 195

PYMNTS

OCTOBER 1, 2020

consumers and 500 microbusinesses that receive disbursements, as well as 600 companies of all sizes that make disbursements on payout options, instant payment adoption and fees for these services, among other topics. Many payees want to use voice to direct disbursements to preferred bank accounts, credit cards, debit cards or digital wallets.

Trends 306

Trends Study Taxes Payments 306

PYMNTS

MAY 9, 2019

Not to get too off-topic here, but the restroom attendant used to feature in a fair number of movies, sometimes fulfilling a role of someone akin to a bartender, dispensing timely advice to a main character or simply fulfilling another plot function.

New York 161

New York Cards Payments Maine 161

PYMNTS

MAY 29, 2020

And speaking of games that are about to change, Webster and McCarthy turned to the last hot topic of the week: banking and the role that digital challengers will play in the future landscape. But, said McCarthy, the right bank has to show up with more than a debit card or a slick digital interface. “I The Opportunity for Digital Banks.

Payments 145

Payments Google Cards Training 145

South State Correspondent

MAY 18, 2022

Consider a Gallup poll on customer satisfaction around problem resolution at banks and credit unions. At 19%, community banks ranked only above credit unions in delivering customers that were “extremely satisfied with the outcome of their problems and a whopping 35% that were “not satisfied.”. report on this topic can be found HERE.

social media 195

social media Training Customer Experience Community Bank 195

Lars Markull

JUNE 30, 2022

Every Friday for the coming weeks, I will post about a particular EF topic. For example, there are different companies in Germany (including Amazon) that are offering a Credit Card via a partnerbank. This was way too long and that’s why I have worked in the past days not just on this blog post but on a series of blog posts.

Examples 69

Examples Cards Fintech Tools 69

PYMNTS

JUNE 26, 2020

The government has since turned to prepaid debit cards to reach some of the millions of citizens who fell through the cracks in the early phase of the program. Some are embracing self-service online tools such as websites that allow employees to access information about their pay, vacation time, benefits and other topics.

Tools 130

Tools Cards United States Innovation 130

PYMNTS

NOVEMBER 21, 2016

At present, the ACH same-day conduit exists across credit, but the roadmap less than a year out mandates same-day debit transactions. And so, right now, the credit side of the equation is covered. But the one that we are more concerned with, and will be happy about, is the debit side. That bodes well for Sezzle.

Payments 100

Payments Cards Millennials Operations 100

PYMNTS

JUNE 18, 2018

In the age of devices, rewards, apps, eWallets, cards virtual and plastic – spanning debit, credit and virtual options – how do consumers manage their financial lives? A big topic to tackle, to be sure. I don’t think they think so much about debit or credit.”.

Payments 115

Payments social media Cards Course 115

PYMNTS

OCTOBER 5, 2019

Customers who didn’t cough up the money owed could actually see their credit score take a hit, and find themselves locked out of things like car loans or even mortgages, simply because an overdue book situation got way out of hand. The topic has come up so frequently that we decided to include it among our credit myths,” said Nancy E.

Minnesota 188

Minnesota Oakland Indiana Customer Experience 188

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Acronym of the Year – CCCA (Credit Card Competition Act). Merger (MOE) of the Year: Credit Union. ” GonzoBanker of the Year: Credit Union.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

MAY 14, 2019

Banks have contingency plans for extreme occurrences like interest rate shock, credit turn-downs and all sorts of natural disasters. And if they did, would banks and credit unions be ready to change their branch networks? Get a debit card? We think this is a very important topic that needs more management focus.

Customer Experience 153

Customer Experience Digital Banking System Strategy 153

Gonzobanker

JANUARY 4, 2022

In June 2021, following Ally Bank’s announcement that that it would no longer charge its customers an overdraft fee, I published an article titled, “ It’s Time To End Overdraft Fees (And Chase Bank Is Just The Bank To Do It) ,” in which I speculated: “Banks and credit unions will wait and see who else eliminates overdraft fees.

Trends 190

Trends Fintech social media Strategy 190

FICO

JUNE 7, 2022

FICO® Advisors regularly monitor in-depth data reported by Canada’s leading credit card issuers. These credit card performance figures represent a national sample of approximately 38 million consumer accounts from FICO client reports generated by the FICO® TRIAD® Customer Manager and Adaptive Control System solutions. See all Posts.

Trends 52

Trends Industry Cards Analytics 52

PYMNTS

OCTOBER 6, 2017

The data shows that cash still runs a good, solid second place among preferred payment methodologies – cited by 27 percent of respondents as their top choice, behind debit cards at 33 percent. The electricity may still be out and the ATMs and debit cards still inaccessible, but the windows, roofs and doors need patching.

United States 119

United States Study Cards FDIC 119

PYMNTS

NOVEMBER 29, 2019

The credit card is still the reigning champion of capturing Black Friday through Cyber Monday spend. The PYMNTS annual survey on the topic from last year confirmed that, as it did the prior year and the year before that. And the change in who is shopping is changing how the shopping is being done.

Payments 136

Payments Millennials social media Cards 136

CFPB Monitor

FEBRUARY 17, 2015

Several CFPB representatives will make presentations on the following topics: Regulatory developments (Diane C. The Institute will feature a panel titled “The CFPB Speaks: Recent Initiatives and Upcoming Activities.”. Thompson, Managing Counsel, Office of Regulations).

NJ 60

NJ New York City Cleveland Philadelphia 60

PYMNTS

JULY 26, 2018

A consumer can own multiple credit cards and live in a highly technological society and still want to pay via a method that can come pretty close to resembling cash. That is among the emerging lessons offered by Paidy , which in late 2014 launched Japan’s first instant post-pay credit service for eCommerce consumers. The Appeal.

Mobile 100

Mobile Payments Cards Capital 100

Abrigo

AUGUST 18, 2020

Look at the customer due diligence ( CDD ) information or run a credit check to look for loan stacking , and make sure the number of employees makes sense for their payroll. There is a greater emphasis on person-to-person payments over debit card use and online account opening instead of visiting a branch. Lending & Credit Risk.

Fraud 195

Fraud Lending Trends Compliance 195

Insights on Business

AUGUST 28, 2019

Once you get a clustering, push the number of clusters higher than you would for something like a marketing or credit-segmentation model in order to get some pretty small and tight clusters. Say you build a model on well-featured credit card data, then show it a transaction for $10 million. You’ll usually be able to spot the synths.

Fraud 93

Fraud Training Cards Data 93

PYMNTS

FEBRUARY 13, 2017

In the latest Topic TBD, USA Technologies Director Amelia Powell told PYMNTS’ Karen Webster about the sea changes afoot in the way students get what they need, when they need it, aided by technology. Everyone knows about the freshman 15. Everyone knows about the lack of healthy choices on campus.

Payments 109

Payments Retail Technology Cards 109

FICO

AUGUST 29, 2017

“Whenever I bring up the topic of alternative data, the first question our board asks is, ‘Are we using Facebook data?’ “. When it comes to evaluating credit risk, everyone wants to know if, when and how lenders will start probing their Facebook account. This is typically data on how customers use their credit or debit cards.

Data 67

Data Analytics social media United States 67

Tomorrow's Transactions

DECEMBER 19, 2014

Well, as expected, the EU’s “20/30” caps on debit and credit card interchange fees is going to go ahead. Fees to process debit and credit card transactions are to be capped under an EU law that attempts to wrap-up a protracted battle with payment groups such as Visa Europe and MasterCard.

Cards 51

Cards Regulation Retail Payments 51

PYMNTS

SEPTEMBER 26, 2016

But as Karen Webster noted in the latest installment of Topic TBD, even as faster payments takes a step closer to reality in the U.S., And there is no longer second-guessing as to whether a person has adequate funds before or after a debit. that adoption begs a much broader set of questions.

Payments 100

Payments United States Security Cards 100

PYMNTS

NOVEMBER 1, 2017

with a new image-based clearing system for the check and credit clearing company, which basically helps to speed up the traditional approach by digitizing that process,” Banga noted. He noted that Mastercard’s push payment’s solution, Mastercard Send , is now capable of reaching “pretty much all debit cards in the U.S.”

Cards 122

Cards Security Branding Florida 122

PYMNTS

JULY 23, 2018

Beyond the hits to businesses’ bottom lines lies the long-standing harm to consumers, who may see their credit reports decimated, with debt collectors dunning them for things they never bought and all sorts of desperate battles waged to clear their good names. As Barnhardt stated, credit profiles take shape over a period of years.

Fraud 102

Fraud Data Security social media 102

PYMNTS

DECEMBER 19, 2016

This is not a new topic of conversation. I’ll leave the debates over policy and politics on this topic to someone(s) else. Besides that, they’re the ideal credit risk and perfect target to stake the future of FinTech, payments and retail. Thin credit files, while typically fingered as the scapegoat, are not entirely to blame.

Millennials 100

Millennials Fintech Cards Groups 100