Payments News

On The Web

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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

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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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.”
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Reports

Global Payments 2019 | Tapping Into Pockets of Growth

“Lifted by the global shift away from cash, buoyed by the uptake of electronic transactions, and amplified by big tech and fintech innovations, payments revenue worldwide is on track to grow by 5.9% annually through 2028—extending an unbroken streak that began in the aftermath of the 2008 recession. However, achieving growth above GDP levels will […]
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Reports

Take the Faster Payments Council Survey!

Have an opinion on faster payments in the U.S.? Now’s the time to make your voice heard. Take the U.S. Faster Payments Barometer survey —  it will take just 5 minutes. Your response will help shape industry dialogue and advancement of faster payments in the U.S.  More info is here. Each year, for the next three […]

On The Wires

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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

Retail Fraud Attempts Double Year-Over-Year and Triple Since 2017, According to LexisNexis Risk Solutions True Cost of Fraud Report

“The number of businesses allowing mobile commerce has expanded beyond traditional mid-to-large in-store retailers to include small retailers selling digital goods (such as electronic gift cards, software and mobile apps) and mid-to-large retailers and e-commerce merchants selling physical goods. This, combined with increased international transactions and more automated botnet activity, serves to create a climate […]
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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 […]