August 06, 2020
Deutsche Bank: Regulation Complicates B2B Payments’ Digital Transformation
Payments are an omnipresent part of life for corporates and consumers alike, with the United States seeing 174.2 billion noncash payments totaling $97.04 trillion in 2018. Businesses’ and individuals’ transaction...
August 06, 2020
This Week In Payments: Vulcan Capital’s Rick Roberts Talks Overcoming...
It’s been another busy week in the world of payments and commerce as the U.S. recovery shifts into rockier territory amid an uptick in infections that has some regions shifting...
August 06, 2020
Contis Applies For RBS Bailout Fund, Looking To Develop SMBs
Payments provider Contis has applied for the Royal Bank of Scotland (RBS) and Banking Competition Remedies (BCR) Alternative Remedies Package, two grants totaling £35 million ($46 million), which it intends...
August 05, 2020
PayPal Boosts Venture Team With Wells Fargo Exec
Peggy Mangot, who once led the development of the Wells Fargo mobile banking app Greenhouse, has been hired by online payments giant PayPal as part of the company’s internal ventures...
August 05, 2020
Landlord Services Firm Zibo Nets $10.5M, Launches Banking And Payments...
Zibo, which works to provide streamlined and accessible financial services for landlords, has raised $10.5 million in a seed round led by Canaan Partners, according to a press release. QED...
August 05, 2020
WhatsApp Awaits OK From India’s RBI To Launch Payments Feature
WhatsApp, the Facebook-owned messenger program, is expected to enter India’s payments market after becoming compliant with the country’s data-localization standards, according to a report from YourStory.com. WhatsApp Pay made its...
August 05, 2020
The 5 Things That Will Help Main Street SMBs Get...
Since all hell broke loose in March, PYMNTS tracking of COVID-19’s impact on small and medium-sized businesses (SMBs) — and consumer spending that favored them over category killers like Amazon and Walmart...
August 05, 2020
Enforcing Competition Law and Consumer Protection During the COVID-19 Pandemic...
By Vellah Kedogo Kigwiru (Hochschule Für Politik)* I. Introduction This article discusses the measures and the actions that the Competition Authority of Kenya (“CAK”) has undertaken since COVID-19 was declared...
August 05, 2020
Mastercard Targets European Banks With New Research Platform
Mastercard is rolling out a new “business intelligence” platform that will provide research and analysis on the payments sector in Europe. Mastercard on Wednesday (Aug. 5) announced it is launching...
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.