August 27, 2020
Truist Bank On The Benefits Of Cloud Payments Amid COVID-19
The COVID-19 pandemic has accelerated the need for financial institutions (FIs) to quickly scale and roll out faster payment experiences, whether that means offering businesses instant access to loans or...
August 27, 2020
Payment Rails Old And New Move To Digitize B2B Transactions
The global pandemic is accelerating digitization, and it’s not a trend lost on the B2B payments landscape. Indeed, organizations large and small are increasing their use of electronic payment rails...
August 27, 2020
Why Virtual Cards Are The Future Of Controlling And Securing...
Virtual cards have long been associated with corporate travel and expense (T&E), because their advantages fit nearly hand-in-glove with the significant pain points that firms’ travel managers face around security,...
August 27, 2020
Report: Helping Retailers Solve The Payments Piece Of The eCommerce...
What consumers want from their payments experiences can change depending on where they are shopping, what they are buying and whether their purchases are based on needs or whims. Merchants...
August 26, 2020
Contis, Currencycloud Partner On Cross-Border B2B Payments
Contis, a payments solutions platform, announced a partnership with Currencycloud in a bid to offer international payments for 1 million accounts, according to a press release. The collaboration of the...
August 26, 2020
Ripple Faces Lawsuit From Australia Company Over Trademark Dispute
Ripple Labs is facing a suit from a large financial services company in Australia regarding a trademark dispute, CoinDesk reported. New Payments Platform Australia (NPPA) said in a court filing...
August 26, 2020
Today In Payments: Citigroup’s $900M Error Caused By Software Update;...
In today’s top news, Citigroup’s $900 million “clerical error” occurred during a software update, and Facebook introduced a new marketplace in its Facebook shop app. Plus, lenders ask homeowners to...
August 26, 2020
World Economic Forum Pushes Davos Summit To Next Summer
The COVID-19 crisis has derailed plans to hold the World Economic Forum’s Davos event in January 2021. The organization announced on Wednesday (Aug. 26) that the invitation-only Annual Meeting 2021 is...
August 26, 2020
For China, Digital Yuan Sprinting Toward Olympics?
Let the digital currency games begin. When it comes to central bank digital currencies (CBDCs), there is a wide gulf between concept and reality, between design and deployment. In further...
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.