October 23, 2020
This Week In Payments: Tracking The Contactless Shift, Going Global...
The momentum spurred by the pandemic has accelerated the connected economy. Volante CEO and Founder Vijay Oddiraju told Karen Webster during the latest This Week In Payments conversation that while...
October 23, 2020
Today In Digital-First Banking: Freelancing Banking App Lili Lands $15M;...
In today’s top news in digital-first banking, freelancer banking app Lili has notched $15 million in a funding round, while New Jersey-based FinTech Alacriti is rolling out a new offering...
October 23, 2020
Activist Investor Starboard Mulls ACI As Potential M&A Prey
Activist investor Starboard Value already has 10.5 million shares — a 9 percent stake — in payments giant ACI Worldwide but is now eyeing the company for a potential takeover,...
October 23, 2020
FISPAN: ERP Banking Becomes Mission-Critical
“The pandemic has pushed banks to recast their innovation goals to the present day, meaning they have to start asking ‘what tangible efforts will have a big impact on my...
October 23, 2020
Deep Dive: How Merchants’ Payments Approaches Must Change To Meet...
Most retailers survive by staying in tune with customers’ preferences and providing the features and payment methods they crave. Consumers’ rapidly shifting behaviors during the ongoing COVID-19 pandemic have made...
October 23, 2020
Supply Chains Will Shift, Digital Dollars Will Emerge Post-COVID
Post-pandemic, digital dollars will make their way across supply chains drastically reconfigured, and China will be out of the picture as the dominant U.S. trading partner. Maybe only a little...
October 23, 2020
REPORT: Credit Unions Go the (Social) Distance With Mobile Banking...
The pandemic continues to affect almost all aspects of consumers’ lives, and their banking interactions are no exception. Consumers are increasingly seeking contactless ways to interact with their financial institutions...
October 23, 2020
Capital One Reports Drop In Domestic Card Average Loans Amid...
Capital One reported on Thursday (Oct. 22) that domestic card average loans fell in Q3, as consumers spent less and saved more amid the pandemic. “In the current environment, consumers...
October 22, 2020
PayPal Eyes Buying Crypto Firm BitGo, Others
PayPal is looking at acquisition possibilities for cryptocurrency companies, including bitcoin custodian BitGo, a report from Bloomberg says. The move would help PayPal boost its embrace of digital coins. The...
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.