Millennials bank and communicate differently than previous generations, preferring mobile banking, alternative payments and digital channels.
Traditional payment instruments are declining as emerging technologies and currencies are more widely used, especially among Millennials.
As concerns about payment card security increase, the factors that go into selecting a preferred method of payment are also changing.
Will the growth of PayPal's Venmo encourage other banks and credit unions to use social engagement in digital peer-to-peer payments?
Banks and credit unions should be more worried about the loss of payments insight than whether tech giants become banks.
LoopPay Mobile Wallet and the request funds feature of Square Cash deserves attention in a highly competitive payments marketplace.
Apple can quickly become a major payments player with the iTunes system, 500,000 credit cards on file and new merchant technology.
The banking industry is on the cusp of a revolutionary new payments system that is fully digital and built on a smartphone backbone.