July 18, 2024
White House Ramps Up Small Business Working Capital Offerings
When it comes to the business landscape, more money commonly equals, or creates, more opportunities. And with the news that the Small Business Administration (SBA) has started soliciting insights on a new pilot...
July 18, 2024
Brightfin Debuts Gen Z-Focused Financial Wellness App
Brightfin has debuted its financial wellness app, aimed at helping younger consumers. “Younger generations think about money differently. Gen Z and Millennials don’t necessarily have the same life goals as their...
July 18, 2024
Cash App Exiting UK to Increase Focus on US
Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it was shutting down Cash App...
July 18, 2024
This Week in B2B: Embedded Payments, Digital Tooling, Small-Business Success
Innovation and competition are constantly reshaping the B2B landscape. The pace of transformation has financial institutions (FIs) and corporations increasingly seeking ways to bring their B2B payments processes up to...
July 18, 2024
Ripple CEO: US Crypto Rules Lag Amid ‘Interminable’ Lawsuits
Ripple’s CEO says the cryptocurrency industry is still seeking regulatory clarity from the U.S. Speaking with Bloomberg News Wednesday (July 17), Brad Garlinghouse said America lags behind other countries that have already adopted crypto regulations....
July 18, 2024
Physical Cards: The Unexpected Frontier in Digital Security
Dr. Adam Lowe, chief product and innovation officer at CompoSecure, hears it all the time from banking executives when the topic is securing payments: “We cannot introduce friction.” But the...
July 18, 2024
How the World Does Digital: Germany Lags in Digital Engagement
As the largest economy in the European Union, Germany surprisingly ranks near the bottom in digital engagement among the 11 countries studied in PYMNTS Intelligence’s “How the World Does Digital”...
July 17, 2024
Report: State Street Considering Several Blockchain-Based Projects
State Street is reportedly looking at a number of options for settling payments on blockchain. The financial services and banking firm is considering creating its own stablecoin, creating its own...
July 17, 2024
Barclays US Consumer Bank Launches Savings Product With Tiered Rates
Barclays US Consumer Bank has launched a savings product that provides higher rates on higher balances. The new Barclays Tiered Savings product aims to offer customers additional value and bolster...
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.