Payment card use grows worldwide

The number of card payments worldwide increased 14 percent in 2016, to 310 billion, though card numbers grew at a significantly slower rate of 8 percent. This indicates that consumers worldwide are increasingly choosing cards to make purchases, according to...

Report: Credit card rewards, online transfers thrive in Canada

While social media payments have yet to hit the mainstream in Canada, a new trade association report believes the increased collaboration between new-entrant fintechs and Canadian financial institutions suggests a new level of convenience for banking and payments is on...

Submit your entry for the annual Mobile Retail App Comparison Guide

Mobile Payments Today is preparing its second annual Mobile Retail App Comparison Guide. This guide will be the definitive resource for retailers' mobile apps and their capabilities. The point of this report is similar to that of our annual Mobile...

Study: UK consumers wary of sharing data with banks as services increase

Despite the banking industry's efforts to embrace innovation, consumers in the U.K. remain wary about sharing their data, according to a recent survey by NCR Corp. The survey of more than 1,000 U.K.

Study: UK consumers keen on raising contactless payments limit

Nearly half (48 percent) of U.K. shoppers would like to customize their contactless card transaction limit, or would like to the ability to do so, according to research from Paymentsense. For those shoppers wanting a customizable limit, just over a...

Norwegian banks mark their territory with payments

Norwegian banks are banding together to fight off global competition in the payments space, according to a report from Reuters. DNB, Eika and Sparbank 1 Gruppen will lead a group of banks that will combine their payment units to better...

Study: Consumers not happy with chatbots

While a good number of consumers, 72 percent, say online chat interaction makes for a more loyal customer and nearly a third will use chatbots, the experience is not very fulfilling. Just 15 percent of consumers are happy with chatbot...

Fraudsters set for busy Black Friday

With online purchases poised to exceed those in physical stores this holiday season, Black Friday 2017 could be the busiest day ever for cyberattacks on retailers, according to digital ID provider ThreatMetrix. This week, the company released its Q3 2017...

PayPal launches domestic operations in India

PayPal has launched operations in India at a time when more Indian consumers are using mobile wallets as the government continues to push a cashless society. At launch, Indian consumers can use PayPal to shop online at some of India's...

ATMIA trumpets cash's importance during holiday season

Withdraw Cash Wednesday, an ATM Industry Association-backed campaign to promote consumers' use of cash during the holiday shopping season, is officially underway in the U.S., according to a report from ATM Marketplace, a Mobile Payments Today sister publication. According to...

Study: Real-time payment programs rise worldwide

Global adoption of real-time payment programs by financial institutions is picking up speed, according to new research from FIS. In its fourth annual Flavors of Fast report, FIS identified 25 active real-time payment programs around the world, up from 19...

Study: Online banking preferred channel in US, Canada

Online banking has become the preferred way for North American consumers to access their banking services, with two-thirds (65 percent) using online banking at least weekly, according to a new Accenture study. Based on a survey of 1,500 consumers in...

Remitly raises $115M in new funding round

Digital remittance company Remitly has agreed to raise up to $115 million in Series D funding, subject to applicable third party and regulatory approvals. The Series D financing will be led by Naspers' fintech investment division PayU, a global online...

Study: Invisible payments like Amazon Go can help retailers grow revenue

A new Juniper Research report reveals smart store technologies will spur over $78 billion in annual transaction revenue in the next five years. These technologies, such as Amazon Go and what the report describes as "invisible payment" tech, are ideal...

Contactless uptake in UK dooms charity cash donations

The switch to contactless cards in the U.K. comes at a cost to the beneficiaries of charity, a new study shows.

Alipay comes to Las Vegas, NYC taxis

Verifone and Alipay have announced the extension of their existing global partnership to Verifone Taxi Solutions, according to a press release. Through the agreement, Chinese consumers traveling in New York and Las Vegas will be able to pay for taxis...

Baby boomers edge millennials on cybersecurity awareness, but not by much

This may come as an awful shock, but a study by First Data has found that older adults pay more attention to cybersecurity than younger adults. But vastly more attention? No, according to a report from ATM Martketplace, a Mobile...

MasterCard works with India state to advance cashless society

MasterCard is working with the state government of Andhra Pradesh, India to make this particular region of the country a cashless society and a smart city, according to local reports. MasterCard and Andhra Pradesh signed a two-year memorandum of understanding...

BBVA touts 15M-plus mobile banking users

BBVA announced Monday it now has more than 15 million active mobile banking users. BBVA said the number of customers using mobile as their preferred way to access the bank's services has grown by more than 40 percent in the...

Study: Global digital payments volumes on the rise

Global digital payments volumes are predicted to increase by an average 10.9 percent through 2020, reaching nearly 726 billion transactions, according to Capgemini's World Payments Report 2017 (WPR 2017). The report estimates that volumes generated by emerging economies will grow...

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3 trends for 2018: Safer data, faster payments, better experiences