US consumers are paying with debit more often, and in more ways, including online shopping, online bill payments, and person-to-person (P2P) payments and momentum is building according to the Discover Financial Services’ PULSE® debit network’s 2019 Debit Issuer Study, carried out in May 2019. E-commerce ...
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Banking
Banking
TSB is the latest bank to enable bank account openings with a selfie, hoping to gain new bank customers, especially from the ranks of Generation Z, as well as Gen X, Millennials, “Cuspers”, and even a few smartphone-using Boomers. The bank partnered with Palo Alto, ...
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Put aside any preconceived ideas or misconceptions about e-commerce in Latin America. E-commerce in the region is growing at 25% to 30% and past barriers to doing business and handling payments are fast disappearing with the growth of e-commerce, mobile adoption, new payments options, and ...
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According to Credit Suisse analysts, India’s payments market could grow from $200 billion today to reach $1 trillion by 2023. Walmart is smiling because it’s $16 billion purchase of more than 80% of e-commerce giant Flipkart included small payments subsidiary PhonePe. With Indian mobile usage ...
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Could you double your financial services company revenue by offering loans for as little as $30 and insurance policies at 30-cents per month? After 10 years in operation, Indian digital payments company MobIKwik believes that’s its path to profitability this year and double its revenue ...
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This week’s global payments news roundup starts with Amazon’s launch of a new delivery option called Counter and partnering initially with 100 Rite Aid locations. Kount AI is a new fraud detection program built on artificial intelligence that simulates a skilled fraud analyst. Coresight Research ...
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Welcome to this week’s global payments news roundup which leads off with an interview with Bank of America CEO Brian Moynihan who talks about moving towards a cashless society. Next, we look at Facebook’s Libra cryptocurrency announcement and what’s ahead for the proposed new cryptocurrency ...
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At Fortune’s Brainstorm Finance conference in Montauk, NY yesterday, Bank of America (BoA) CEO Brian Moynihan said his bank is ready for a cashless society. Moynihan highlighted how his financial institution has embraced fintech and “probably spent $30 billion on code” in the past eight years ...
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Let’s face it. Cross-border B2B payments are still at the teething stage. Trillions of dollars move through large decentralized financial networks daily, but the process is slow, complicated, and expensive for banks and their business customers. Visa B2B Connect aims to ease the pain of cross-border ...
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According to FICO, over 25% of US consumers have a “poor” credit rating thanks to overspending, over lending, and inadequate regulation. That’s more than 43 million Americans with credit scores less than 629 and 14% of the population has no credit rating at all. Another ...
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