
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.
The latest news about payments and digital payments trends, including mobile payments, contactless payments, real-time payments, and mobile wallets like Venmo and Zelle.
Covid has not only been a great accelerator of digital payments, but also fraud. Financial institutions must balance risk with CX.
BNPL use is surging, but card issuers can win by delivering digital journeys that engage and delight cardholders.
Customers increasingly seek a frictionless experience. This growing demand has sparked the launch of one-stop financial ‘super apps’.
Facing intense competitive pressure, more and more financial institutions are jumping onto the BNPL bandwagon before it's too late.
Mastercard's entry into the BNPL fray, following Square, Goldman and others, could alter the dynamics of what has been a fintech playground.
No retail banking player can ignore BNPL. But five realities – impacting both consumers and institutions – could determine your involvement.
Banks must balance pressure to grow consumer credit with the need to monitor payment performance as buy now, pay later trend boosts debt.
Faster payments effort, accelerated to 2023, will upend the economics and competitive balance of an essential part of the banking business.
Buy now, pay later isn't merely a Covid-related trend. Consumers who adopted it during the pandemic say they are likely to continue using it.
An inside look at what makes 'buy now, pay later' so hot, from revenue streams to funding – from the perspective of market leader Sezzle.
Banks and credit unions must 'lean into' technology to a much greater degree if they hope to prevent consumers from straying to fintechs.
Nearly all issuers saw declines for the first time in years. The pandemic revealed several weak spots relating to service, terms and rewards.
Time to feast.
A more dynamic era driven by customer preferences and technology is bringing the card business up to speed.
Giving consumers more control is seen as a big plus, but pressure from neobanks, Ally and Walmart could make PNC vulnerable on pricing.
After making some key adjustments, the tech giant is ready to launch its blockchain-based Novi wallet, targeting the underbanked market.
The fast-growing BNPL market, popular with Millennials and dominated by fintechs, is already siphoning billions in revenue from banks.
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.
Explore consumer spending trends from the first quarter of 2023, including a Deep Dive into Digital Payments.
Read More about Primax Payments Pulse: Spring 2023 Spending Report