Payments News

On The Web

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Domains

China’s Mobile Payments Grew More Than 70% in Q4

“Digital payments continued to grow in China in the last quarter of 2019, while mobile payments grew even faster. For the three months through December, the country’s banks processed 62.1 billion electronic payments, representing a total of 654.9 trillion yuan ($93.45 trillion), according to statistics released Tuesday by the People’s Bank of China (PBOC), the […]
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Domains

OEM Pay Transaction Volumes to Exceed $1tn a Year by 2024

“Consumers will use payments services provided by smartphone makers and other original equipment manufacturers (OEMs) to make transactions valued at more than US$1tn a year by 2024, up from US$333bn in 2020, according to Juniper Research. Apple Pay, China and the adoption of contactless payments for transit ticketing will be the key drivers of the […]
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Reports

LexisNexis Risk Solutions Report Highlights Size, Scale and Monetary Exposure of Global Cybercrime Networks| LexisNexis Risk Solutions

“This global, networked pattern of cybercrime is further reflected in mobile attack rate growth, which is heavily influenced by a global bot attack targeting mobile app registrations. Fraudsters are migrating attacks to exploit the mobile channel: Of the 19 billion transactions recorded by the LexisNexis® Digital Identity Network® in this six month period, for the […]
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Industry

COVID-19: IMPACT ON CPG AND RETAIL

“Report addresses consumer behavior changes based on COVID-19 intensity and geography and includes implications for CPG manufacturers and retailers.”
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Industry

Shift4 Data Quantifies a Heavy Coronavirus Impact on Restaurants And Hotels

“Restaurant volume fell from 42 million transactions to 11 million, a 74% decrease for the period from the week of February 2 to past seven days. The early week in February was selected as a baseline because it lacked abnormal trends, such as Valentine’s day, says D. Taylor Lauber, Shift4 chief strategy officer. The week […]
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Industry

CardFlight Small Business Impact Report #2: March 26, 2020

From the report: Retail sales down 11.9% from the baseline week, reversing the sales increase we shared in last week’s report Nearly 14% fewer merchants posted any transactions at all, compared to the baseline week Businesses are taking more payments through invoices — up 14.5% since March 2

On The Wires

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Reports

More Baby Boomers Prefer Digital Tax Refunds Compared to Millennials

“Although a majority of U.S. adults (74%) opt for direct deposit when receiving tax refunds, more Millennials (17%) and Gen Xers (17%) prefer to receive a check in the mail compared with Baby Boomers (14%), per new research from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions. When […]
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Reports

COVID-19 Crisis Highlights Need for Real-Time and New Digital Payments Services Around the World, New ACI Worldwide Research Reveals

“More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time , a new global report from ACI Worldwide (NASDAQ: ACIW) and Global Data . This industry-first research, which analyzes global real-time, account-to-account payment volumes and forecasts across 30 global markets, projects a Compound […]
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Reports

More Baby Boomers Prefer Digital Tax Refunds Compared to Millennials

“Although a majority of U.S. adults (74%) opt for direct deposit when receiving tax refunds, more Millennials (17%) and Gen Xers (17%) prefer to receive a check in the mail compared with Baby Boomers (14%), per new research from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions. When […]