By Beth Robertson, Managing Director of Keynova Group The question of what consumers want from credit card issuers gnaws at card executives, eager to capitalize on the growing use of credit products in an inflationary environment, fending off challenges from non-traditional sources of consumer credit ...
Read more
Banking
Banking
by Nick Botha, Global Payments Sales Manager, AutoRek The end of 2022 saw the start of the mandatory migration to ISO 20022 – the open global standard for the exchange of payments messages. From now on, organizations within the SWIFT community must comply with new ...
Read more
2023 will not be business as usual Doug Hall While 2023 shapes up as a challenging year for business, it will definitely not be business as usual. Our payment industry leaders see fraud challenges ahead, a focus on innovative fintech solutions, and big leaps in ...
Read more
By Michael Diamond, Senior Vice President, GM Digital Banking, Mitek In our post-pandemic world, most people now interact with their banks online and aren’t interested in returning to their old in-person, branch-based banking habits. This was one of the key findings from a recent report ...
Read more
By Einat Steklov, CEO, Co-Founder of Kashable Almost one-quarter of American adults are underbanked. Finding themselves underserved by traditional banks and loan companies, they depend on alternative financial systems such as money orders and check-cashing services, which levy higher fees. For the people affected, securing ...
Read more
By Srinivasan Seshadri, Global Head of Financial Services, HCLTech In 2021, internet users spent an average of 1 hour and 15 minutes daily on social media. Four years from now, 1 in 4 active internet users may spend at least 1 hour a day in ...
Read more
New research from open banking platform Tink shows young UK bank customers expect their financial service providers to demonstrate stronger environmental credentials. And many are willing to switch banks for greener options. The Feb 2022 survey of 2,000 UK customers showed that younger consumers are ...
Read more
Payment industry leaders are gearing up for a year of continued growth, a competitive and challenging business environment, and a few unknowns in the year ahead. Here’s what we’re paying attention to in payments industry news around the world. PayPal faces lawsuit for freezing customer ...
Read more
By Marc McCarthy, SVP Sales & Reconciliations SME, AutoRek US payments technology lags behind other regions with lengthy settlement delays, limited mobile money penetration and outdated data management processes. Despite widespread smartphone ownership, just 10% of US consumers use mobile payments. Paper checks are still ...
Read more
By Jeff Domansky As cross-border business grows, alternate payment methods (APMs) are gaining popularity for their direct impact on the bottom line. New markets generate new revenue but also create new challenges, including offering local or regional consumers their choice of payment preferences. A report ...
Read more