January 05, 2010
PCIDSS and the Legal Framework for Security: An Update on...
I. Introduction Consumer risks associated with unauthorized payment card usage have largely been assumed by others within the payment card matrix, leaving consumers mostly immune from financial liability. But related...
December 28, 2009
The Decade’s 12 Greatest Developments in Payments: #5 Innovation Driven...
The use of prepaid cards has exploded during the first decade of this century and they have enabled many types of payment innovation from whipping through transit lines to helping...
December 18, 2009
Small Business Economic Outlook Remains Cautious
The economic confidence of American small business owners remains largely unchanged in October, rising less than 1 point from the previous month on the Discover® Small Business WatchSM index. The...
December 18, 2009
Small Business Owners Re-Think Technology Usage as They Navigate Tough...
Faced with an uncertain economy, some business owners are re-evaluating their use of technology. The latest Wells Fargo/Gallup Small Business Index, surveyed October 5-9, shows over half of respondents (58...
December 15, 2009
Prepaid & Healthcare: WiredBenefits’ Pre-Paid Employer Benefit Suite
WiredBenefits, a leading provider of prepaid healthcare solutions, has launched the Employer Benefit Suite, an innovative, turnkey platform that enables employers to offer low cost, secure, and convenient benefits to...
December 07, 2009
What You Should Know about the Debit Card in Your...
Bank debit cards may look like credit cards, but they certainly do not act like them when it comes to account overdrafts. This does not suggest that credit cards are...
December 03, 2009
How the Consumer Financial Protection Agency Act of 2009 Would...
As part of its overhaul of financial services regulation the Obama Administration has proposed stronger protection of consumers of financial products and services.[1] The Consumer Financial Protection Agency Act of...
November 18, 2009
Insights into Consumer Use of Financial Products: Payoffs from the...
I talked about behavioral economics in my last blog. Some of the top minds in that field are studying how consumers use financial products. They aren’t doing this to provide...
November 07, 2009
Three Problematic Truths About the Consumer Financial Protection Agency Act...
The creation of a new Consumer Financial Protection Agency (“CFPA”) is a very bad idea and should be rejected. The proposal is not salvageable and cannot be improved in substance...
Instant insurance payouts benefit both customers and carriers by enhancing both speed and efficiency, but barriers such as costs and complexity are blocking the way to their adoption — especially for smaller insurers. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explains how insurance companies are jumping these hurdles by collaborating with FinTechs to facilitate instant payments implementation.
Consumers increasingly want to receive insurance disbursements instantly, yet insurers are sending instant payments less. PYMNTS Intelligence’s latest 22-page report, “Generation Instant: Growing Use of Instant Pay for Insurance Disbursements,” a collaboration with Ingo Payments, contains five charts revealing how this mismatch in demand and supply presents a missed opportunity for insurers to improve customer satisfaction.