March 09, 2015
Digital Banking’s 70 Percent Edge
Bankers might soon have to take the final leap into digital banking, with over 70 percent of banking customers reporting a preference to an online application for opening checking accounts. Many...
March 06, 2015
Why Apple’s Fraud Problem Is Bigger Than Apple
There’s an old saying, taken from a story in the Old Testament, that goes something like this – “Be ever cautious, every rich man’s house has a servant’s entrance.” The...
March 06, 2015
Mobile Turning BBVA’s Future Into Software Company
The future of BBVA won’t just be more technology in banking. “BBVA will be a software company in the future,” the Spanish bank’s chairman, Francisco Gonzalez, told an audience on...
March 05, 2015
Tungsten Reveals Clearance to Operate Across EU
With new approval from federal authorities, alternative financer Tungsten Bank is now cleared to facilitate e-invoicing measures across Europe. According to a company announcement made Wednesday (March 4), Tungsten Bank...
March 05, 2015
The Global State Of Financial Inclusion
“If we were building a financial system from scratch today, we’d do it on a digital platform,” Bill Gates once said in an address on behalf of the Alliance for Financial...
March 04, 2015
MasterCard Delivers Mobile Banking Innovation To Africa
What’s the fastest growing mobile money market in the world? Africa. So much so that smartphone penetration across the continent is expected double in just four years - increasing from...
March 04, 2015
How To “Compete To Win” At Cross-Border Commerce
Any merchant has the ability to compete when it comes to selling cross-border. But competing to win, says Rick Barbari, Group VP at Digital River, is a whole different ball...
March 03, 2015
Visa, Airtel Extend Mobile Payments To Africa
Visa is extending its presence into the African mobile money market through a new partnership with Bharti Airtel to bring mobile payments services to seven additional countries. The partnership will allow...
March 03, 2015
Grow Financial Credit Union Integrates Apple Pay
Is Apple Pay really the way to pull younger customers into traditional banks and credit unions? That might seem to be a no-brainer. Millennials — born between 1980 and 2000 — are...
With nearly half of CU executives saying a lack of resources prevent them from bringing innovations to market, CUs are stuck piloting the digital innovations their members crave — and are willing to switch FIs for. The rise of strategic mergers is a way that some CUs are exploring to pool resources, innovate and drive scale. Read more in the “Credit Union Tracker®,” a collaboration with PSCU.
To drive growth and reduce churn, credit unions should invest in digital solutions that improve user experience, offer robust security features, and provide convenient self-service options tailored to the preferences of Gen Z and millennial consumers. PYMNTS Intelligence’s latest 40-page report,“How CUs Can Drive Engagement with Self-Service Banking Innovation,” a collaboration with Velera (formerly PSCU/Co-op Solutions), examines why CUs need to up their self-service banking innovation.