The latest news about payments and digital payments trends, including mobile payments, contactless payments, real-time payments, and mobile wallets like Venmo and Zelle.
As banking becomes embedded in digital ecosystems, financial institutions must evolve from monetary exchange to enabling value transfer models.
TD Bank Payment Data: Mobile Wallet Use Down, Contactless Cards Up
Mobile wallets may have cachet, but they can be clunky to use compared to tapping a contactless card, making payment habits slow to change.
30+ Buy Now, Pay Later Trends & Statistics for Banks in 2022
BNPL is expected to hit $680 billion in e-commerce transactions by 2025. 30 more stats cover consumer attitudes, demographic use and more.
How Banks Can Use Prepaid Technology to Innovate Like Fintechs
Banks often regard prepaid cards as high risk/low reward. In fact, prepaid technology is now being used to create digital products quickly.
How Klarna’s U.S. Payments Innovations Are Going Beyond BNPL
Klarna's 'Pay Now' service, piggybacking on bank debit and credit, and its coming Klarna Card, greatly expand its reach.
P2P Payment Scams Posing New Brand & Reputational Risks for Banks
Growing fraud in P2P payments is creating reputational risk for banks that fail to address it. Washington and the media have taken notice.
3 Keys to Building the Right Credit Card Product Strategy
A successful credit card strategy must be based on three essentials: tailored products, mobile technology and financial education tools.
Innovation and Inflation: Two Trends Changing Credit Card Marketing
Rising rates have refocused credit card 'revolvers' on the cost of interest, and climbing prices prompt innovative features from issuers.
Banks Must Prep for the Disruption (and Promise) of Real-Time Payments
Wider adoption of 'request for payment' messaging capability will hasten use of real-time payments, bypassing traditional payment rails.
How Banks Can Build BNPL Programs that Millennials and Gen Z Love
Bank buy now, pay later efforts must go beyond splitting up credit card payments. Competing head on with BNPL debit cards is one tactic.
Should Bankers Fear Apple’s Future Growth Strategy?
Apple is on its way to becoming the one-size-fits-all banking provider, as it expands past just payments products, says global fintech advisor Efi Pylarinou.
Wearables: The Future of Watches, Rings & Bracelets in Payments
Tiny Quontic Bank spearheads a focus on wearable payments via its Pay Ring. It's up against smartwatches that sync with digital wallets.
Over 50 Credit Card Trends & Statistics for Banks in 2022
'The average American owns three credit cards.' 50 more credit card stats like that cover balances, payments, rewards, Gen Z use and more.
Is PayPal Now a Bigger Threat to Banks than BofA or Chase?
PayPal is expanding aggressively into nearly every corner of consumer payments — including BNPL and crypto — as they tread deeper into banking's turf.
Leveraging QR Codes for Mobile Marketing & Payments in Banking
Use of QR codes in banking is surging, offering new ways to reach banking customers and facilitate payments.
CFPB’s Coming Fintech Rules Could Help Banks’ BNPL Programs
Buy now, pay later programs from banks have an advantage over those by fintechs. Banks understand compliance far better than newcomers.
Apple’s Growth Strategy Emphasizes Payments + BNPL
Apple Pay expands with a BNPL option, so people can make installment purchases at retail stores using its proprietary mobile wallet.
Banks Getting Into BNPL Should Study CFPB Complaints First
Banks building their own Buy Now, Pay Later programs can avoid regulatory headaches by looking at the mistakes fintechs have made.
Can Traditional Banks Keep Up With Payments Transformation?
The payments landscape is changing, driven primarily by changing consumer expectations and the rise of new technologies, says Fiserv's president of digital payments and data aggregation Matthew Wilcox.
Taking Digital Wallets Beyond Payments by Turning Them Into ‘Super Wallets’
Digital wallets, with growing usage, are evolving into 'super wallets,' threatening banking's strategic role versus big techs and fintechs.
Solutions for Banks Confronting the Loss of Overdraft Fees
Big changes to NSF and overdraft fees put community and regional banks in a tough spot, impacting both revenue and technology budgets.
How Banks Can Transform Online Bill Pay Into a Personal Finance Tool
Newer tech simplifies money movement and management, helping to put banks and credit unions back into the center of peoples’ financial lives.
Lender Alert: Struggling Consumers Using BNPL Almost 4x More Than Others
Consumers report strong credit performance but higher usage by financially vulnerable must be monitored closely as inflation and rates rise.
