Another new digital bank launched in the US and it’s aiming to provide innovative features for what it says is the underserved middle-class in America. Former Capital One senior vice president Brian Hamilton and former PayPal and Intuit CEO Bill Harris founded the new banking ...
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Banking
Banking
With non-US-born residents making up nearly 15% of the US population, establishing credit is often a big challenge for these new immigrants, many of whom have excellent credit records in their home countries. It’s also a challenge for lenders who are keen to offer services ...
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When it comes to instant payments, the international banking network SWIFT has been anything but fast in recent years. That’s about to change with the organization’s announcement of a two-year strategy to implement faster payments. “SWIFT Operations Forum Americas Conference at the Convene Center in ...
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Here are 10 important insights you need to know about payments and the US economy during the pandemic. The data comes from recent Bankrate research and the August 2020 Liberty Street Economics report from the Federal Reserve Bank of New York. 35% have less savings ...
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There’s one ballooning payments problem that simply isn’t going away soon. It’s the $1.6 trillion debt carried by an estimated 44.7 million American students. For years, policymakers and economists alike have recognized that growing student debt places a huge drag on the economy both for ...
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There’s no question e-commerce is booming for many reasons during the global pandemic. There’s one other huge growth industry during this same timeframe. It’s something I call a “scamdemic” – a pandemic of payments and financial fraud that’s costing consumers and businesses billions of dollars. ...
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The impact of COVID-19 has accelerated disruption in the B2B payments marketplace and according to a new study from Juniper Research, it will be two years before business recovers its losses. The research shows how deep the disruption to business has been around the world ...
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By Brady Harris, CEO of Dwolla Organizations across all industries are operating under completely different circumstances and many leaders are in uncharted territory as they maneuver through the coronavirus. If COVID-19 has taught us anything it’s that we must interact with our customers digitally in ...
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US B2B payments automation was gaining wider adoption last year and early into the new year. The obvious appeal to business owners and CFOs was cost savings, faster payments by clients and for suppliers, potential faster-pay discounts, quicker automated reconciliation, and a greatly reduced burden ...
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How much money did you save when you were young? Would your savings have helped you make it through the pandemic? Did you even know what a 401(k) was when you were younger? According to a Travis Credit Union survey of 1,859 US Millennials and ...
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