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PayPal Leads in Global Wallet Wars

January 30 – Global spend via mobile wallets is expected to rise by nearly 32 percent this year to $1.35 trillion, a new study from Juniper Research has found.

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Top Priorities for 2017: Accelerating Merchant Chip Enablement and Securing Card-Not-Present Channel

January 30 – The U.S. Payments Forum has released its winter 2017 market snapshot, providing updates on the status of the U.S. EMV chip migration, 2017 priorities for accelerating merchant chip enablement and securing the card-not-present channel, and recently-released resources for the payments industry. The U.S. Payments Forum, a cross-industry body focused on deployment of new and emerging payments technologies in the U.S., has been the source for EMV implementation guidance since the start of the migration in 2012, and recently expanded its scope to support the introduction and implementation of additional new and emerging payment technologies.

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TD Nearly Doubles ATMs in Florida with Expansion to Select Walgreens Locations

January 27 – TD Bank, America’s Most Convenient Bank, in partnership with Cardtronics, recently branded 189 ATMs in Walgreens locations across Florida, specifically the Miami and TampaSt. Petersburg metro areas, increasing its ATM population in the state by 96 percent. This provides TD Bank customers with added convenience and fee-free access to their cash in more places.

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Concerns Voiced Over OCC’s Proposed Fintech Charter

January 25 – The Office of the Comptroller of the Currency’s proposed fintech charter has drawn expressions of concern from a state regulator as well as two key banking industry trade associations. (more…)

Regional Payments Associations Launch Joint Effort

January 16 – In a joint initiative to demonstrate their dedication to the payments industry, the 11 Regional Payments Associations (RPAs) launched a joint logo and website at www.regionalpaymentsassociations.org.

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Fifth Third Bank Offers Five Mobile Wallet Options

January 12 – Fifth Third offers customers the option to make credit and debit card payments via Apple Pay, Samsung Pay, MasterPass and the recently added Android Pay and Microsoft Wallet.

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Smart Card Alliance Educates Merchants and Issuers on Contactless Payments

January 10 –  Contactless payments have become one of the most popular ways to pay globally with usage in countries such as the U.K., Canada and Australia growing every day. As U.S. merchants and issuers look to move towards faster, more convenient payments, the Smart Card Alliance is providing new resources, including two infographics and a Q&A to outline benefits and security considerations for contactless payments in the U.S.

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The Three FinTech Trends Paying off in 2017

The payments industry is on the frontline of technological innovation. Start-ups can heavily disrupt larger financial players, and capitalizing on emerging payment methods can give those in accounts receivables a competitive edge to grow their bottom line.

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Fed: Noncash Payments Continue to Grow; Checks on Decline

December 30 – Credit and debit card payments continued to gain ground in the payments landscape from 2012 to 2015, accounting for more than two-thirds of all core noncash payments in the United States, according to a Federal Reserve study of U.S. non-cash payments. Automated clearinghouse payments grew modestly over the same period, and check payments declined at a slower rate than in the past. (more…)

Top 2017 Banking Trend Will Be Digital Momentum

December 21 – The major online and mobile banking replacement cycle that began in 2016 will gain significant momentum in 2017 as more financial institutions seek to stabilize and grow customer bases through an advanced, comprehensive digital banking strategy. This is the prediction of  D3 Banking, the leading innovator in data driven digital banking. (more…)

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