Finance 2023-03-20T17:52:32Z
Silicon Valley Bank logo with rain

Paytechs emerged mostly unscathed from the SVB fallout

Visa, Mastercard, and several paytechs said their businesses were mostly uninterrupted despite ties with the now-collapsed bank.
Finance 2023-03-20T18:21:54Z
Treasury Secretary Janet Yellen

Yellen and the Fed check in after the banking sector's rough week

Secretary Yellen emphasized its stability and endorsed the rescue efforts. The Fed gave a picture of emergency lending.
Insider Intelligence 2023-03-16T19:00:00Z

The Evolving Payments Purchasing Chain: How Digitization and Economic Pressures Are Changing the Ecosystem

Amid economic uncertainty, payments providers are making meaningful shifts to digitize and innovate.
Insider Intelligence 2023-03-16T18:00:00Z

Powering the Point-of-Sale: How Providers Are Building Cost-Effective Omnichannel Solutions

We forecast that the US point-of-sale (POS) terminal installed base will grow from 17.3 million this year to 20.2 million in 2026.
Insider Intelligence 2023-03-16T17:16:12Z

Payment Channels and Types of Transactions: Digitization, Integration, and the Economy

Ongoing ecommerce growth is pushing payment providers to make efficient and inexpensive digital payment solutions their top priority.
Finance 2023-03-16T16:18:14Z
Credit Suisse

Credit Suisse faces crisis of confidence as banking tumult spreads to Europe

Fears of a global banking crisis aren't going away as Credit Suisse shares nosedived amid investors' shaky confidence in its financial position.
Finance 2023-03-16T15:33:59Z
A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017.   REUTERS/Thomas White/Illustration

Mastercard helps facilitate faster payments in Asia-Pacific

It will use Mastercard Send so customers in Australia and Hong Kong can send payments to more than 1.5 billion Mastercard cards.
Insider Intelligence 2023-03-16T13:03:31Z

The State of Payment Methods: More Choice and Economic Changes Are Affecting How Consumers Spend

Although debit still reigns supreme, with consumer preferences moving toward digital, cash and checks will continue to be displaced in the US.
Finance 2023-03-13T16:35:58Z

Silicon Valley Bank collapse puts lenders on edge and startups at risk

The tech sector that propelled Silicon Valley Bank's growth suddenly lost confidence in its viability. Are other tech-focused banks also in danger?
Finance 2023-03-13T16:31:30Z
FILE PHOTO -  A Moneygram logo is seen outside a bank in Vienna, Austria, June 28, 2016. REUTERS/Heinz-Peter Bader/File Photo

MoneyGram taps budding fintech to grow its presence in Jamaica

MoneyGram is working with homegrown wallet Lynk so customers can receive remittances, which will aid its digital push.
Finance 2023-03-10T18:33:18Z

Investment banking profit squeeze forces Citi to think beyond job cuts

Banks are under pressure to slash costs amid weak dealmaking. Citi is cutting jobs but also spending big in a strategy shift.
Finance 2023-03-10T18:26:10Z

BMO and Bill team up to streamline AR/AP for SMB

BMO and Bill launch BMO Bill Connect, which helps SMBs automate bill pay, digitize invoicing, and monitor cash flow.
Finance 2023-03-08T15:44:33Z
using chatgpt

AI-powered tools can reshape banking but lenders need to be aware of the risks

Banks recognize the benefits and risks of AI. Planning for regulation, investing now, and educating staff are all key to embracing the tech.
Finance 2023-03-08T15:33:33Z
A pile of bitcoin cryptocurrencies is seen.

Brazil wants to build on digital payment success with CBDC pilot

Brazil's central bank launched a pilot of the digital real, with hopes of giving the public access by the end of 2024.
Finance 2023-03-02T15:30:49Z
Goldman Sachs

Goldman Sachs weighs its options for lagging consumer-facing business

But it also isn't ready to give up on the main street consumer. Moving forward, the unit faces many hurdles to overcome its losses.
Finance 2023-03-02T15:13:55Z
Online Banking

Wise addresses cross-border payments friction with two new US offerings

The payments fintech introduced Wise Business cards, which let businesses make cross-border payments at the mid-market exchange rate.
Finance 2023-02-28T20:56:33Z
Man uses computer and phone to track expenses for online banking

The technology gap at Black financial institutions is an opportunity for empowering partnerships

Roughly 80% of non-Black credit unions in the US offer online banking services. That number falls to just about half among Black credit unions
Finance 2023-02-28T17:57:49Z
woman holds credit card

LendingTree addresses consumer debt concerns with Win credit card

The atypical credit card automatically applies rewards to customers' balances—a feature that can be appealing to money-conscious consumers.
Finance 2023-02-27T17:30:27Z
A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake

Wells Fargo adds financial planning with a personal touch to its mobile app

Life Sync lets customers adjust their financial goals on the mobile app to get more accurate advice quickly.
Finance 2023-02-27T16:57:57Z
cash app graphic

Block will curb spending in 2023 and focus on building out Cash App

Block wants to develop more adjacent services for the Cash App ecosystem, which could help it maintain its Q4 growth trajectory.
Finance 2023-02-24T16:53:28Z
CME Post 2 Pound_1600x900

UK banks show strong performance in Q4 but face unique challenges in 2023

UK banks faced unique challenges during Q4 2022. This year, the effects from persistent inflation and the failed mini-budget still lurk.
Finance 2023-02-24T16:46:20Z
Galaxy S10

Stripe feeds merchant demand for softPOS with Tap to Pay on Android

Stripe launches Tap to Pay on Android a year after it signed on to deploy Apple's Tap to Pay on iPhone.
Finance 2023-02-23T18:57:01Z
cyber security

Cyber insurance is a hot topic for banks—here's how to make sure it doesn't become a hot potato

The nuances within these cyber insurance policies are complex and expensive. We look at how to make sure they're a good fit before investing in them.
Finance 2023-02-23T18:52:58Z

Klarna highlights US achievements—but there's still room for growth

The US is now Klarna's largest revenue market thanks in part to its app solutions, the Klarna Card, and merchant-facing marketing tools.
Finance 2023-02-22T18:27:10Z
money stress

Younger US consumers struggle more with loan repayment than older cohorts

Young people are becoming delinquent on auto loans and credit card payments at a faster rate than older generations.
Finance 2023-02-22T17:59:06Z
Contactless payment

How UK contactless payments value grew 50% last year

The total value of contactless payments made with UK Barclays cards surged nearly 50% YoY thanks to regulatory changes and broader acceptance.
Finance 2023-02-21T18:59:24Z
woman holds credit card

Credit card debt climbs to nearly $1 trillion as consumers contend with economic headwinds

Issuers should keep an eye on rising delinquencies and charge-offs to understand how consumers are faring financially.
Finance 2023-02-17T17:39:00Z
Zelle app

Zelle courts community banks to maintain relationships amid strong growth

Highlighting benefits to regional and community banks can help shore up relationships as fraud concerns mount.
Finance 2023-02-16T16:52:16Z
A photo of a mother and daughter using a payment card for online shopping.

What financial institutions are doing to attract new young customers

An overview of the competitive landscape for financial institutions seeking to get these consumers while they're young.
Finance 2023-02-16T16:29:55Z
goldman sachs

Goldman Sachs gives up on beleaguered direct-to-consumer credit card

Goldman Sachs wanted to introduce credit cards for its retail customers but gave up on the idea after shifting its strategy.
Finance 2023-02-15T18:32:10Z
woman atm credit card

An Alpha Kappa Alpha sorority chapter created an affinity credit union designed to support Black women

Alpha Kappa Alpha founded For Members Only Federal Credit Union to empower Black women to build generational wealth.
Finance 2023-02-15T16:21:21Z
Pedestrians cross London Bridge, in front of the Shard, in London.

UK wants industry feedback on proposed BNPL regulation

The UK government released draft legislation to provide more safeguards for UK consumers, many of whom are under financial strain.
Finance 2023-02-13T19:11:15Z
Hand holding abstract bitcoin against purple background.

US regulators say crypto is risky but not banned—behind the scenes, though, it's a different story

US regulators are allegedly discouraging banks from working with crypto firms. That could leave them with no option but to fold.
Finance 2023-02-13T18:28:15Z

PayPal's Q4 earnings: Cost restructuring will fuel product innovation in 2023

PayPal's total payment volume grew 9% YoY. In 2023, it hopes to reinvigorate growth with cost restructuring and innovation efforts.
Finance 2023-02-09T17:59:34Z
Federal Reserve

The Fed's Barr outlines a plan to eliminate racial discrimination in banking to kick off Black History Month

The Federal Reserve and other US regulators promised to increase crackdowns on discriminatory behavior.
Finance 2023-02-09T16:38:10Z

Western Union's revenue struggles would have been worse without LATAM bright spot

Latin America's revenues and transaction volume increased 13% YoY and 8% YoY, respectively, despite the firm's total 6% YoY revenue decline.
Finance 2023-02-08T17:25:00Z
girl on phone

Banks can cash in on gamification for customers, if it's done carefully

Financial institutions are using gamification to attract new customers and teach financial literacy. But they need to know about its side effects.
Finance 2023-02-08T17:19:26Z
Zilch office

Zilch partners with debt charity to help customers get through cost-of-living crisis

Zilch partners with StepChange will help support struggling customers, but it raises questions around the harm BNPL can cause.
Finance 2023-02-07T20:39:56Z
apple pay

Apple Pay Later 'launching soon' to shakeup BNPL industry

Despite delays, Apple can benefit from its extensive user base and merchant acceptance to build BNPL success.
Finance 2023-02-06T18:50:49Z

Consumers want money management tools, but aren't using what their banks offer

A lack of actionable insights may be the problem. Banks should rethink how tools are developed and offered.
Finance 2023-02-06T18:42:48Z
Las Vegas Casino Gambling

Sightline Payments taps Visa to power prepaid casino cards

Sightline Payments will work with Visa to power its Play+ cards, which can help digitize the cash-heavy casino and gaming sector.
Finance 2023-02-03T17:07:46Z
virtual meeting

How banks can attract talent amid the booming tech layoff trend

Focusing on culture, values, and relationships will help bring in new employees. And tech investment won't just benefit customers.
Finance 2023-02-03T16:59:19Z
credit card checkout store

Ingenico and Splitit tackle checkout friction to get at in-store BNPL's untapped potential

Ingenico and Splitit are focused on cutting customer friction to grow their in-store BNPL presence.
Finance 2023-02-02T16:56:16Z
AI artificial intelligence illustration

UK-based fintech Evident creates the first AI Index to track banks' progress in implementation

Just as the tech blows up in banking, UK startup Evident has created a non-biased index that scores banks on AI development and implementation.
Finance 2023-02-02T16:35:29Z
credit card

CFPB could put issuer revenues at risk with credit card late fees proposal

The CFPB wants to lower the amount credit card issuers can charge in late fees—which would hurt a key source of issuers' revenues.
Finance 2023-02-01T17:46:42Z
Chart showing quarterly fintech funding

Why three fintechs attracted investment from shrinking UK funding pool

Embedded finance fintechs and those with disruptive potential are still attracting investment despite the funding decline.
Finance 2023-02-01T16:34:38Z
Twitter logo over computer

Twitter gets regulatory ducks in a row to move into payments

Twitter started applying for state licenses in the US so it can advance its payments ambitions, per the Financial Times.
Finance 2023-01-31T22:08:20Z
Consumer Finanial Protection Bureau

The CFPB's roadmap to open banking must navigate farther to reach its destination

The CFPB's period for public comment on its upcoming push to mandate open banking among banks and credit card companies ended on January 25.
Finance 2023-01-31T22:01:37Z
Discover credit card

American Express and Discover boast strong Q4 customer acquisition, but spending growth slows

Despite slower spending growth, both American Express and Discover managed to pull in more customers—positioning them well in the long term.
Finance 2023-01-30T20:38:23Z
Man uses computer and phone to track expenses for online banking

New banking customers seek quick onboarding and instant access—but they aren't getting it from banks

Consumers want a quick application process and immediate access to their new account. But an experiment found that banks can take up to two weeks.
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