July 08, 2020
Alibaba’s Ant Group Plans Hong Kong IPO At $200B+
Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. If the IPO moves ahead,...
July 08, 2020
The Impact Of Payments Innovation On SMBs, App Users
Payment providers are offering alternatives to cumbersome and opaque correspondence banking protocols with cross-border payments. Small to medium-sized businesses (SMBs) are some of the main beneficiaries of these innovations, as they...
July 08, 2020
Sowing The Seeds Of Agriculture Banking Modernization
The farming and agriculture industry remains a pillar of society, and some of the world’s largest banks — like France’s Credit Agricole — first began as institutions to finance small...
July 08, 2020
How APIs And Improved Onboarding Can Accelerate Cross-Border SMB Payments
Lockdown measures across the globe have small- to medium-sized businesses (SMBs) looking to generate revenue overseas. But transacting with other merchants abroad is a process fraught with inefficiencies, ranging from...
July 08, 2020
Will The Pandemic Spell The Real Death Of Cash?
Depending on where you look, cash may still be king. It’s no secret that the pandemic has been forcing consumers to embrace all things digital. That includes paying for everything from...
July 07, 2020
AeroPay Introduces Digital Payment Solutions For Cannabis Businesses
FinTech AeroPay has launched a new suite of digital payment solutions intended for cannabis businesses, according to a press release. The tech will allow both B2B and B2C transactions and...
July 07, 2020
Digital Innovation Is Fueling The Reemergence Of Business
“The digital economy is here, and those payment providers that are global, digital and fully resilient will lead the reemergence.” “Robust operational resilience is now a non-negotiable component of any...
July 07, 2020
Today In Payments: Atlanta Fed Warns Outbreaks Could Stall Recovery;...
In today’s top news, a Federal Reserve official warns the surge in coronavirus cases could dampen economic recovery, and the CEOs of the four biggest tech companies will testify before...
July 07, 2020
‘Down’ Rounds And Investor Caution — Blip Or Trend?
The stock market swings can be confusing. Public (retail) investors have been, generally speaking, bidding up shares, seemingly shrugging off the lingering impacts of economic headwinds and the pandemic. A...
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.