U.S. Bank said it will launch in the first quarter a real-time payments component to its bill service. It will use the Request for Payment tool that is part of The Clearing House Payments Co. LLC’s Real Time Payments service. The same service launched for U.S. Bank business customers in November.Cloud-software …
Read More »Search Results for: consumers
Consumers Stick With Banks for Years, While Some Bear Hefty Account Fees, Bankrate Says
The basis of digital payments is typically an account at a financial institution, which can hand these institutions quite a bit of influence over payment activity. It turns out, though, that consumers like to stick with their bank once they’ve opened an account. Even among persons aged 18 to 34, …
Read More »Eye on Prepaid: Consumers Lean to Gift Cards to Avoid Delays; EML Launches a Virtual Gift Card
Despite consumers’ intentions to spend more on gifts this holiday season than in 2020, concerns about ongoing shipping delays and low product inventories are making gift cards a more attractive gift option. Indeed, 33% of consumers say they would purchase a gift card if they were unable to get a …
Read More »An Acquisition Boosts Fortis’s ISV Hook; Convenience is Supreme for Consumers; BP Testing Self-Checkout Tech
When It Comes to Payments, Consumers Stress Convenience And Multiple Options, Square Says
As merchants continue to evolve their business model during the Covid-19 pandemic, they are discovering that consumers want convenience and multiple options when it comes to paying for purchases. While credit cards remain consumers’ preferred method of payment, contactless options are a close second, according to Square Inc.’s second annual “The …
Read More »Afterpay Marks Rakuten Tie up; Consumers Eye Marketplaces for Online Fraud; Black Friday Traffic up 40%
Consumers Expect More E-Commerce Fraud During the Holidays, And They Blame Marketplaces
The risk of being defrauded by online sellers is a major concern for consumers this holiday-shopping season, according to a survey by Socure Inc., a provider of identity-verification and fraud-detection technology. And consumers are poised to blame not just the fraudulent sellers, but the marketplaces that host them, the survey …
Read More »Stax Acquires CardX in Surcharging Boost; Consumers ‘in the Dark’; Afterpay’s BNPL Spending up 230%
Consumers Are Largely ‘in the Dark’ About How Much Fintech Apps Access Their Data
Consumers have relied more heavily on payments apps and other fintech technologies since the onset of the pandemic, but few are aware of how much control these apps have over consumer data, according to a survey released Wednesday by The Clearing House Payments Co. LLC. In fact, consumer confidence in …
Read More »74% of Consumers Intend to Keep Using Contactless Cards and other Digital Transactions News briefs from 11/24/21
Some 74% of consumers who tried using contactless cards this year plan to keep using them, up from 61% who said the same thing last year, according to a report from the Electronic Transactions Association and The Strawhecker Group.Humbl Inc. released a new version of its Humbl Pay mobile wallet, including upgrades …
Read More »