PYMNTS-MonitorEdge-May-2024

payment apps

Zelle Reportedly Steering Users to Banking Apps
Zelle Reportedly Steering Users to Banking Apps
October 31, 2024  |  Mobile Applications

Zelle reportedly wants users to use its platform via banking apps instead of its own. An executive for the peer-to-peer payments provider told Reuters on...

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HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
HSBC’s Zing Leverages Visa Solutions for Cross-Border Payments
July 09, 2024  |  Cross-border Payments

Visa announced Tuesday (July 9) that it partnered with Zing, a FinTech that is part of the HSBC Group, to develop an international payments app that Zing...

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Manhattan DA: Payment Apps Need Greater Anti-Theft Protection
Manhattan DA: Payment Apps Need Greater Anti-Theft Protection
January 25, 2024  |  Security & Fraud

If someone stole your phone, how quickly would they be able to steal your money? It’s a scenario that Manhattan District Attorney Alvin Bragg says...

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Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
January 24, 2024  |  Security & Fraud

Payment fraud incidents have been on the rise, increasing 88% since December 2021, PYMNTS Intelligence research reveals. For instance, 11% of consumers who paid for groceries...

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HSBC Prepares to Debut Global Payments App Zing
HSBC Prepares to Debut Global Payments App Zing
January 02, 2024  |  Cross-border Payments

HSBC is reportedly readying a global payments app to take on companies like Wise and Revolut. Dubbed Zing, the app will first be offered in Great...

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CFPB Proposes Oversight for Big Tech and Digital Wallet Providers
CFPB Proposes Oversight for Big Tech and Digital Wallet Providers
November 07, 2023  |  Regulation

In a move to ensure consumer protection and regulatory oversight, the Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer...

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Visa Finds More Consumers Using Digital Apps for Remittances
Visa Finds More Consumers Using Digital Apps for Remittances
March 21, 2023  |  Cross-border Payments

Visa has found that more remittance senders and receivers are using digital apps. Fifty-three percent of these consumers use digital apps to send and receive...

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Incentives and Rewards Driving Consumer Interest in Money-Storing Apps
Incentives and Rewards Driving Consumer Interest in Money-Storing Apps
January 24, 2023  |  Consumer Finance

Nearly 60% of consumers now use money-storing apps, which they use for everything from peer-to-peer (P2P) transfers and retail purchases. Capitalizing on this growing user...

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Deep Dive: Securing P2P Apps Against Scams And ATOs
Deep Dive: Securing P2P Apps Against Scams And ATOs
July 21, 2020  |  AML

A need for faster and easier ways to pay during the pandemic has quickly made peer-to-peer (P2P) payment apps popular among U.S. consumers. Consumers of...

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