Payments News

On The Web

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Reports

World Payments Report 2019

“Global non-cash transaction grew at 12% to reach 539 billion during 2016-17. In WPR 2019, we estimate that global non-cash transaction volumes will record a CAGR of 14% during 2017-2022F. Developing markets are expected to boost the global growth rate of non-cash transaction volumes with a sustained CAGR of 23.5% during this period, while mature […]
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Regulation

Barclaycard Finds That SCA Has Had No Initial Impact on Transactions

“Analysis from Barclaycard of transaction data from 14 and 15 September, the first two days following the EU deadline, shows that the SCA rollout has had no initial impact on sales.Paul Adams, director of acquiring at Barclaycard Payment Solutions, says: “Our data offers encouraging news for merchants, whose transaction volumes have been, so far, unaffected […]
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Reports

FIS’s Annual Global Faster Payments Report

“In 2019, the number of real-time payments systems jumped to 54, bolstered by new services in Asia and Europe’s SCT Inst Scheme, currently offered in 20 eurozone countries. Now that the payment rails are in place, the focus is shifting to the development of new innovative propositions through open API-enabled services and a further acceleration coming from enhanced data and ISO 20022.”

On The Wires

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Reports

Banks and Fintechs Are Global Leaders in Payments Innovation, Study by ACI Worldwide and Ovum Reveals

“The research, based on a global survey of almost 1,200 enterprises, reveals that retail banking and fintechs are the leading sectors when it comes to payments innovation, with regulation playing a key part in forcing industry change. The merchants and corporates that are their customers are less successful in balancing cultural, organizational and technology drivers to […]
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Reports

Digital Goods and Services Dominate Online Purchases Worldwide

“On-demand services, including ridesharing, restaurant delivery, business services and home-sharing, are the fastest growing purchase category among all age groups. The average consumer made 31 on-demand services purchases in the last 12 months, and 71% of consumers who made on-demand service purchases this year spent the same or more on on-demand services compared to the […]
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Reports

The State of Retail: Trends in Consumer, Retail and Payment Preferences

“Amid the rapid pace of transformation across the retail industry, new research1 from Blackhawk Network reveals how people want to shop, pay and engage with retailers today. Although digital growth in retail continues, traditional modes of shopping and payments such as in-store purchasing and cash maintain a strong foothold in US retail consumer behavior. These are […]
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Reports

U.S. Adults Hold An Average Of $29,800 In Personal Debt Exclusive Of Mortgages

“U.S. adults aged 18+ report having an average of $29,800 in personal debt, exclusive of mortgages, according to the latest findings from Northwestern Mutual’s 2019 Planning & Progress Study. The research also revealed that 15% of Americans believe they’ll be in debt for the rest of their lives. While those numbers are staggering, they represent an improvement […]
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