Happy July 5 to our US readers and welcome to this week’s global payments news roundup. We start with a look at the growing Chinese traveler payments market and CITCON’s EU expansion. Most consumers pick online payments security over convenience, but to the Brits, it’s ...
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Payments Trends
Payments Trends
Chinese travelers are currently the largest spenders and the fastest-growing traveler segment in Europe. This presents EU businesses with an opportunity for growth by serving this new consumer market if they can figure out how to handle payments seamlessly. To help EU merchants meet this ...
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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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Facebook unveiled its plan for a new global digital currency called Libra and a financial system to change how money moves globally. It has the potential to transform how money is used around the world, how payments are made and could provide access to more ...
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No fake tariff deals or fake news here, just the best global payments news from this week for your information. Visa B2B Connect launched a faster cross-border payments network for financial institutions. Amazon Credit Builder reaches out to credit-challenged consumers. A new Ceridian report looks ...
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Bond Capital founder, VC investor, and technology analyst Mary Meeker is well-regarded for her annual internet trends reports. We’ll ignore whether a 333-slide presentation is good communications or smart presentation strategy, but there is something for everyone in her analyses and we’ve got a quick ...
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Here at Payments NEXT, we’re usually focused on how consumers and employees spend their money. For a change of pace, we’re going to focus on payroll and employee perceptions. For most employers, payroll is overhead and a cost to be managed. Rarely do employers think ...
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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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We’ve got a great roundup of stories this week on payments, fintech, retail, and e-commerce. POS consumer loans are growing fast and estimated at $6 trillion annually. A new report from GoCardless shows how payment preferences influence sales. Cornerstone Advisors surveys banking executives to find ...
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The checkout line is getting crowded with point-of-sale (POS) finance competitors each looking for a slice of the consumer lending market with the help of innovative technology and platforms. Filene Research Institute estimates the annual size of the POS finance market in the US at $391 billion ...
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