Payments News

On The Web

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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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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

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 […]
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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

Are Americans Embracing Mobile Payments?

“Previous research by The Pew Charitable Trusts found that age is the best predictor of mobile payment use, with younger Americans driving the growth of these transactions, motivated in part by rewards or loyalty programs offered by mobile app providers. However, Pew’s study also found that across generations, consumers remain skeptical of this financial technology, […]
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Reports

New Survey Shows Banks Are Fumbling GenZ Relationships

“This data reveals that this entrenched industry isn’t making their desired impact on Generation Z. That’s despite banking’s attempts to become more innovative to appeal to these digital natives. That may seem like a disconnect, since digital transformation has been a goal of banks for many decades. But these initiatives just aren’t yet enough for […]

On The Wires

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Reports

The Subscription Economy Grows More Than 350% Over 7.5 Years

“Zuora, Inc. , (NYSE:ZUO) the leading cloud-based subscription management platform provider, today released the latest edition of its biannual Subscription Economy Index™ (SEI) designed to measure the collective health and growth of subscription businesses. For the first time since its inception in January 2012, the SEI analyzed the impact of subscription businesses by sector, comparing […]
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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 […]