July 29, 2020
Shopify’s 2Q Earnings Illustrate Growing Digital Shift For Merchants, Shoppers
Shopify reported second-quarter earnings on Wednesday (July 29) that demonstrated the growing digital shift for consumers, with the company recording a dramatic increase in both the number of stores on...
July 29, 2020
Report: ByteDance Investors Might Take Over TikTok At A $50B...
A group of investors with a stake in TikTok’s parent company, ByteDance, are maneuvering to take over the controversial social-media app, valuing it at roughly $50 billion — much more...
July 29, 2020
Deep Dive: Embracing A Multicloud Strategy For Staying Atop Changing...
Financial institutions (FIs) are fast coming to realize the need and importance of using a cloud-based infrastructure, with spending on cloud system services set to grow to $63 billion by...
July 29, 2020
Industry Tie-Ups Brace For Corporate Card Adoption Wave
With more B2B financial service providers embracing commercial cards as a preferred payment tool for corporates making the shift to digital payments, industry players are embracing collaborating to drive adoption....
July 29, 2020
BECU on Why It Pays To Think Like a Challenger...
Consumers’ affinity for online banking solutions, especially mobile banking, is far from new. The COVID-19 pandemic is highlighting how necessary these solutions are for consumers’ banking needs, however, and how...
July 28, 2020
Airwallex Teams With Deutsche Bank For Foreign Exchange, Collections
Deutsche Bank will allow FinTech firm Airwallex to offer foreign exchange services powered by application programming interface (API) in Hong Kong and virtual account collections in Japan, according to a Monday (July...
July 28, 2020
Today In Payments: Amazon Expands Grocery Delivery In UK; Mastercard...
In today’s top news, Amazon will expand its Amazon Fresh delivery service in the U.K., and Mastercard and the Bank of Shanghai have expanded cross-border business payments in China. Plus,...
July 28, 2020
Revolut Launches In App Price Comparison Service In UK
FinTech Revolut is working with Decision Tech, a price-comparison technology company, to launch a new service to help users compare — and switch — providers of gas, electricity, broadband, mobile and...
July 28, 2020
Digital Commerce: You Can’t Touch This
“The opportunity to educate on digital banking and payments, and the opportunity to fully enable touchless commerce, is greater than it has ever been — and the technology is already...
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.