October 28, 2020
Today In Digital-First Banking: Oracle Rolls Out Cybersecurity Apps For...
In today’s top news in digital-first banking, Oracle is introducing new cloud offerings to provide smaller banks with the tools to combat large-scale money laundering schemes, while the Automated Clearing...
October 28, 2020
Digital First Banking
October 28, 2020
Deep Dive: Meeting Credit Union Members’ Mobile Banking Needs
Consumers’ banking preferences have undergone a sea change over the last few years, and a growing share of Americans prefer to bank digitally rather than visit a branch. The quality...
October 28, 2020
Pandemic’s Pressure Points Highlight B2B Payments Vertical Needs
B2B’s pain points when it comes to payments are well known — where paper checks dominate, where even the fax machine makes an appearance. But in a panel discussion with...
October 28, 2020
Western Union Heads To The Cloud To Make B2B Payments...
Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in 2020....
October 28, 2020
Digital Transformation Accelerates Emerging Payment Platforms
It would be difficult to pick a single reason why payments modernization is currently accelerating. But Domenico Scaffidi, head of market infrastructures for FinTech software maker Volante Technologies, told PYMNTS...
October 28, 2020
Credit Unions Use Payments to Build Primary Financial Relationships
There are two ways to consider consumers’ spending lives, according to Bruce Dragt, chief product officer at CO-OP Financial Services. As he told PYMNTS, the first way is to think...
October 27, 2020
OpenPayd Debuts Access To Quick Foreign Exchange Payments
OpenPayd, an application programming interface (API)-led Banking-as-a-Service (BaaS) provider, launched InstantFX on Tuesday (Oct. 27), which will help clients access easy foreign exchange payments, according to a press release. This...
October 27, 2020
FTC fit to its purpose: responding to Kovacic’s market investigation...
The U.S. antitrust agencies function as law enforcers and competition advocates. Giving the Federal Trade Commission market investigation and remedy powers like those of the UK’s Competition and Markets Authority...
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.