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.
FedNow Will Propel Real-Time Payments Into the Banking Mainstream
Launching in 2023, FedNow real-time payments have grabbed the attention of smaller banks, credit unions, fintechs ... and The Clearing House.
How Banks Can Meet SMB Demands for Omnichannel Payments
A mix of payment types is now the norm. Community banks must be able to handle the latest digital options as well as offline payments.
The Potential Impact of Apple’s New ‘Embedded’ BNPL Product on Banks
The Apple Pay Later product slams other BNPL players, but its effect on banking could be bigger, especially as part of a payments platform.
Critics and Bad News Unable to Thwart Growth of BNPL
Bad headlines for Klarna and other BNPL providers have traditional competitors cheering, but writing off BNPL is a big mistake. Here's why.
How Banking Can Win Big in the Subscription Economy
Banks and credit unions can't rely on their old, legacy revenue models. They're dead. Instead, innovative financial institutions must rethink their business models and include subscriptions in their strategy, says Segmint's vice president of product Joan Clark.
Banks Can Look to Partnerships, Niche Markets to Succeed in BNPL
To avoid ceding the fast-growing buy now, pay later market to a few aggressive fintechs, banks should focus on partnering and niche markets.
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.
