Banking

Banking

small business credit card swipe fees settled
Banking E-commerce Retail

Visa, Mastercard settle long-running antitrust lawsuit over US merchant swipe fees

By Jeff Domansky, Managing Editor Visa and Mastercard reached a landmark antitrust settlement with US merchants, ending a protracted legal battle. The agreement aims to cap credit card fees for five years for retailers, potentially saving American merchants tens of billions of dollars. Various merchant ...
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rules-based payment processing
Banking Payments Technology

How to maximize agility and automation with rules-based payment processing

By Michael Meeks, CTO of BHMIThe payments industry is changing so rapidly that many payment processing companies are struggling to keep pace. It seems every time a company adapts to a new payment method, begins supporting the most current regulations, or updates its process workflows, ...
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AI impact on payments
Banking Payments Technology

Four ways AI is transforming payments

By Michael Seaman, Co-founder & CEO of Swipesum In a world rapidly embracing digital technology, efficient, reliable, and secure payments are more crucial than ever. With the introduction of artificial intelligence into the payments space, both large companies and emerging startups alike are now grappling ...
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bank account verification risk
Banking Cybersecurity

Business payment fraud demands new approaches to account validation

By Shai Gabay, Co-Founder & CEO, Trustmi When I speak with businesses about B2B payment fraud, most people I talk with are confident their organization is safe. A large part of their confidence stems from the strong bank account validation processes these companies have in ...
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credit union profitability drops
Banking Credit Card & Online Fraud Cybersecurity

Facing Challenges: Credit Unions Struggle with Earnings

By Douglas Hall, Founder & CEO, EQUE 2023 proved challenging for US credit unions. As the economic landscape shifted, these financial institutions faced unprecedented obstacles, resulting in record-low earnings, growing fraud challenges and heightened concerns. There is one often-overlooked way to enhance profitability while vastly ...
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future of digital bank apps
Banking Mobile Payments Payments Technology

How digital bank apps enhance customer experience

By Gaurav Mittal, Executive Vice President, Ethoca In the 15 or so years since the introduction of smartphones, most people can’t imagine life without them. Consumers have embraced the purchasing power provided through their advanced technology. One-third of consumers use digital banking channels daily, and ...
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path to embedded finance
Banking Disruptive Technologies Fintech

Navigating the embedded finance revolution: Strategies for simplifying legacy bank technology

By Michael Engel, Managing Director & VP Software | Banking, Diebold Nixdorf The race to seamlessly integrate financial services into everyday consumer experiences is heating up in the banking and payments industry. From loyalty apps to digital wallets, banks, fintechs and even major social media ...
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metaverse assets
Banking Bitcoin & Blockchain Disruptive Technologies Payments Trends

New metaverse assets create new opportunities for FIs

By Patrick Bucquet, VP Capgemini Invent In the new metaversal economy, blockchain enables many kinds of transactions with a single source of truth. At the same time, the digital nature of the metaverse means it can create and contain many more assets than the physical ...
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digital payment transformation
Banking Payments Technology Payments Trends

Why prioritizing faster payments is crucial for your digital transformation checklist

By Dave Glaser, CEO, Dwolla By now, when business leaders hear about digital transformation, they should think, “Been there, done that.” However, some major corporations are still lagging behind the technological curve and missing opportunities to gain a competitive advantage. Previously, digital transformation decisions often ...
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B2B payment rails risk
Banking Payments Research Payments Trends

5 reasons secure business payments must be a priority

By Shai Gabay, Co-founder & CEO, Trustmi Fraud and human errors affecting business payments have threatened companies worldwide over the last decade.  However, we’ve seen this trend accelerate over the past four years, with many reports showing that it’s only getting worse. Various activities enable ...
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