pymnts

FinTech on France’s Commercial Card Adoption

Commercial cards remain merely a small fraction of the massive B2B transaction pool in the U.S., yet adoption is steadily climbing at an estimated compound annual growth rate ( CAGR) of 10 percent through 2022.

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Visa, Mastercard Still Locked Out of China | PYMNTS.com

Both Visa and Mastercard posted solid fourth quarter earnings and outperformed analyst estimates, yet the companies are still waiting for approval to do business in China.

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Venmo and Zelle’s P2P Battle Royale | PYMNTS.com

The fourth quarter of 2018 was kind to Venmo and Zelle, the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy – a fight that pits PayPal, the owner of Venmo, against the banks that operate Zelle. The numbers tell a story of ongoing growth and more consumer acceptance.

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HSBC Uses AI, Humans to Boost Its Immune System

Banks must have constant insight into potentially suspicious activities to stay ahead of fraudsters. Many financial institutions are achieving this state of vigilance by investing in artificial intelligence (AI) and machine learning (ML) solutions as part of their anti-fraud efforts.

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Fighting Fraud in a Faster Payments Landscape 

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

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ACH Payments Top 5.9B in Q4, Up 8.7 Pct

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. Upwards of 5.9 billion ACH payments happened in Q4 last year, including 3.5 billion debits and about […]

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Japan, Australia Back X-Border Data Regulation

More than 70 nations are planning to restart World Trade Organization talks in an effort to create a standard set of rules to govern the sharing of eCommerce and cross-border data.

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Merchants Gone Wild: The Surcharge Edition

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter.

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CEO Calls for Facial Recognition Regulation

With concerns mounting over the use of facial recognition technology to monitor people and intrude on privacy, Microsoft Chief Executive Satya Nadella said he supports regulation of the technology.

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Why Gig Payments Need to Be Just Like Cash

When looking at the latest edition of the PYMNTS and Hyperwallet Gig Economy Index, there are some familiar trends. According to the data, 35.9 percent of workers participate in the gig economy, and about two-thirds source their gigs via digital marketplaces.

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When Fraud Risk Is Credit Risk in Disguise

Here’s a test: What’s fraud? Also, what’s a simple and legitimate matter of credit risk? Those aren’t trick questions, but rather a reflection of the realities when it comes to digital criminals and their global networks. (Hint: The criminals know the difference.

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API Exchange Debuts in Hong Kong

Hong Kong has announced its first API exchange, which features more than 200 APIs on offer from 13 banks, geared toward cross-border payments. As noted on sites such as Entrepreneur, Joint Electronic Teller Services said on Wednesday that the JETCO APIX Exchange had launched.

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