The latest news about payments and digital payments trends, including mobile payments, contactless payments, real-time payments, and mobile wallets like Venmo and Zelle.
Experts forecast what it could mean to banks when the nation's largest retailer offers instant payment options to customers via pay by bank.
How American Express Digital Labs Creates Payments Innovations
Lesson One: Don't be an ivory tower of digital banking tech. Lesson Two: Don't be afraid to partner with a leader instead of butting heads.
Can Banks Snatch Up BNPL Companies in an Overcrowded Marketplace?
Square's pickup of Afterpay may accelerate consolidation in the BNPL market, providing a great opportunity for traditional institutions.
Payments Innovation Drives Growth at American Express
The payments market was disrupted by the Covid pandemic in some major ways from AI to blockchain to fintech partnerships to digital currencies. Here's how American Express navigated it from its AmEx Digital Labs executive vice president Luke Gebb.
What’s the Future for Checking Accounts?
Despite the obsolete name, this is a core product that remains essential for consumers — but the reasons why are changing.
Why People Don’t Want Banks to Pull the Plug on Overdraft Services
Many consumers actually feel they need this politically incorrect option to manage their finances — or adjust for their lack of discipline.
7 Major Payment Trends that Will Shake Up Banking
From BNPL to super apps to real-time trends, payments will send bankers to their pain relievers of choice. But there's also opportunity.
BofA Wades Into High Net Worth Battle with New Rewards and Card Offers
The megabank rolled out a key enhancement to its loyalty program and launched a slick new card — both aimed at high net worth consumers.
Is ‘Buy Now, Pay Later’ the Future of Consumer Lending?
Some view soaring BNPL as an existential threat to credit cards and traditional bank loans. Others argue there are strong opportunities.
The X1 Credit Card: A Unique Option for Younger Banking Consumers
What credit card out there works for underserved Gen Z'ers? Not many traditional providers have one. Luckily, there's the X1 Card, says its co-founder Siddharth Batra.
How Dwolla Is Reinventing Payments as Real-Time Erodes Traditional Channels
Faster and cheaper payments designed for ecommerce depend on open banking partnerships between fintechs and financial institutions.
Traditional Bank Borrows from Amazon to Build an App Rivaling Neobanks
A bank that's 100+ years old doesn't have to be 'out of date.' As part of a sweeping tech upgrade, FNB brings retail savvy to banking.
How Klarna’s Attack on the Payments System Could Impact Banking
The BNPL giant rolled out a "pay now" option and a charge card, raising big questions about what the future holds for traditional payments.
Amazon Shocks Credit Card Industry With Rejection of Visa Payments
Big enough to completely disrupt the payments space, Amazon is flexing its muscles by shunning one of the world's two credit card giants.
Square: An Increasingly Strong Player in Financial Services
If there is a single small business challenger bank for traditional banks and credit unions to keep an eye on, it's Square. Here, we hear from CEO Lewis Goodwin on his plans and the challenges facing North American fintechs.
18 of the Best Debit Card & Credit Card Designs in Banking
Even as people use digital payment apps more often, they still love a slick-looking card that gets noticed when they pull it out.
Banks Risk Losing Critical Revenue Stream If Payment Trends Continue
The mobile wallet war is one challenge. The shift to P2P and rapid growth of buy now, pay later are two more that directly impact revenue.
Mobile Ordering Fad Poses Payments Fraud Threat
When quick-service restaurants build their own mobile apps to avoid food delivery apps' fees, errors enable fraud or trigger false declines.
Plaid’s Payment Invasion Could Radically Alter Card-Based Transactions
The data aggregator launched an accounts-based payments ecosystem with the potential to sharply impact both bank revenues and card networks.
Evaluating Credit Card Profitability: Fee vs. Interest Income
A complex mix of revenues and expenses is not always understood by financial institutions, which can turn card programs into profit drains.
Banks Duke it Out to Give Consumers a Cash-Back Christmas
Financial marketers ramp up campaigns to capture holiday spend in a season that is all about cash rewards. But BNPL looms large.
The Real Risks and Hidden Costs in the Buy Now Pay Later Game
As financial institutions pile on the BNPL bandwagon, Fitch Ratings issues warnings about the potential consequences of this trendy product.
How Financial Institutions Should Combat Fraud in a Post-Pandemic World
Covid has not only been a great accelerator of digital payments, but also fraud. Financial institutions must balance risk with CX.
