Debit Cards Dethrone Credit Cards (And Why That’s Likely to Stick)
Total debit card spending passed that of credit cards for the first time in 2020. The pandemic was a big reason, but not the only one.
The latest news about payments and digital payments trends, including mobile payments, contactless payments, real-time payments, and mobile wallets like Venmo and Zelle.
Settlement of a lawsuit that began in 2005 will shift the balance of power in how consumers pay merchants.
Total debit card spending passed that of credit cards for the first time in 2020. The pandemic was a big reason, but not the only one.
Fintechs and neobanks are adding competition with fresh ideas as major players prepare to spend for share.
Anemic lending and vaccination questions aren't the only things nagging banking leaders. A 'pandemic' of fraud must also be dealt with.
A growing roster of challengers are all the rage now, but as incumbents roll out their own digital options they could regain the momentum.
New data and shifting consumer payments preferences highlight key vulnerabilities that could make the product obsolete 'within a generation.'
The pace of digital transformation will rocket as vastly increased network speed and connectivity empowers both banks and their competitors.
The pandemic's powerful impact on spending habits will have long-lasting effects on digital payment channels, loyalty and credit quality.
Zelle's dollar volume is higher, but Venmo's P2P app is growing. Banks must understand how it poses a significant risk to traditional models.
Instant issuance of new or replacement cards is now expected by consumers. It also creates three benefits for financial institutions.
Key elements in a digital-first journey range from quick issuance to simple controls. Attract cardholders with card modernization.
A battle of titans is building between Apple and Google over the future of banking. At stake are data and checking account revenue.
Fintechs came up with the popular 'early access to pay' feature. Now 'on-demand' pay kicks it up another notch, and banks are joining in.
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The short answer: They want it all. But while change continues rapidly in the key payments arena, even their traditional methods hang on.
Anticipation about the mega-retailer's banking ambitions stokes fears, but the evolving role of hybrid fintech/neobank Green Dot is key.
Banking is nearly halfway through what has been a most unpredictable and disruptive year in consumer payments trends.
As a new normal begins both must take a fresh look at what they are doing with mobile apps and beyond or get beaten by large national banks.
Paying landlords checks is a thing of the past. Consumers will soon be paying for their apartments with a credit card — and getting rewarded.
Marketing can't be a daily core dump of features, but the frequency of promotional messages consumers will accept is higher than you'd think.
Fast-growing payments app remains an option for banks and credit unions only. Players using banking-as-a-service programs aren't eligible.
Regionals' attitudes on overdraft are changing, though megabanks don't appear to be there yet. Digital technology is providing new options.
Don't toss out your currency-counting machines yet. Use of cash, that decidedly old-school form of payment, is seeing new signs of life.
New cashback rewards card for mass affluent is spearhead for a rejuvenated card program rolling out first phases over 2021-2022.
Connect with your customers and provide lightning-fast support as effortlessly as texting friends. Two-way SMS text messaging is no longer optional.
Vericast’s 2024 Financial TrendWatch explores seven of today’s most critical financial services trends to provide a complete view of the current loyalty landscape.
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