August 10, 2020
Google Pay, PhonePe To Offer Auto Debit In India
Google Pay and PhonePe, digital payment providers, are collaborating with the National Payments Corporation of India (NPCI) to offer recurring payments, Moneycontrol.com reported, citing banking sources. The deal will enable...
August 10, 2020
The Ubiquitously Digitizing Retail Environment
The question is no longer about when the world will go digital – nowadays we’re asking whether the digital-first world will outlast the COVID-19 pandemic that created it. Consumers shop online, bank online, entertain themselves online...
August 10, 2020
Consumers Demand Payments Modernization
Enough with all the “digital transformation” talk, right? Wrong. Modernizing payments capabilities is one of the clearest paths out of the trackless post-pandemic forest, and businesses of any size that...
August 10, 2020
Deep Dive: The Pressures Pushing Banks To Modernize Their Payments...
A multitude of payments flow between businesses, government agencies, individuals and others in the U.S. The Federal Reserve recently estimated that there were 174.2 billion non-cash payments with a total...
August 10, 2020
Messaging Standards Bring Clarity To A Fragmented Payments Ecosystem
Payments messaging standards are a critical component of interoperability between the increasing number of payment networks around the world. As a method of “speaking the same language,” between various networks...
August 10, 2020
Agora Services Debuts New Tools For SMB Banking
Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB, which will help them compete with bigger banks, a press...
August 09, 2020
Bitcoin Daily: S. Korea To Use Blockchain To Collect Highway...
South Korean highways could see blockchain-based toll booths before the end of the year, according to a report from Crypto News. KEB Hana Bank, one of the largest banks in...
August 07, 2020
Digital Banking Apps Cashing In
Whatever nomenclature you prefer — neobank, challenger bank, digital bank — the common denominator is app-based convenience and the power of algorithms to help manage and save that has people...
August 07, 2020
Deutsche Bank On Accelerating Payments In The Digital Age
Immediacy has become the name of the game for vendors and suppliers facing crumbling revenue streams. But banks can find themselves struggling to facilitate faster B2B payments. In this month’s...
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.