July 01, 2020
Deep Dive: How SMBs Can Brace For Changing Digital Payment...
Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of...
July 01, 2020
Credit Unions, ATMs And The Great Digital Banking Shift
COVID-19 showed up unbidden, unwanted and unexpected, frustrating the best-laid plans of companies, financial institutions (FIs) and more with little warning. But for credit-union service organization CO-OP Financial Services, an 18-month...
July 01, 2020
U.S. Bank: How Legacy Systems Impede Open Banking Adoption
B2B payments account for $25 trillion in the United States each year, but these transactions are often fraught with frustrations and challenges. Studies have found that B2B invoices take an...
July 01, 2020
Brazil Regulator Lifts Suspension Of WhatsApp’s Pair-Up With Cielo
Cade, the Brazilian antitrust watchdog, announced it would be reversing its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo, Reuters reported. According to...
July 01, 2020
BIS To Open Four New Innovation Hubs Over Next Two...
The Bank for International Settlements (BIS) Innovation Hub is planning on adding four new locations in Europe and North America, according to a press release. The hub, which looks to...
July 01, 2020
PSCU Finalizes Purchase Of Card Issuer Primax
Payments credit union service organization (CUSO) PSCU has acquired payment solution firm Primax, according to a press release. PSCU president and CEO Chuck Fagan said PSCU and Primax shared many...
June 30, 2020
Visa, Careem Team To Support Digital Payments Growth In Middle...
Careem, the Dubai-based ride hailing company, has entered into a partnership with Visa to expand digital payments. The agreement is expected to accelerate cashless payments and digital banking across the...
June 30, 2020
Allica Bank Launches With Profile Software Infrastructure For SMBs
U.K. challenger bank Allica Bank has launched using Profile Software‘s banking programs in order to ensure small- to medium-sized business (SMB) customers a way to manage their banking and risk operations,...
June 30, 2020
US Senate Committee Weighs Pros And Cons Of Digital Dollar
Digital dollar advocates told a U.S. Senate committee on Tuesday (June 30) that electronic currencies could help consumers. However, committee Chairman Mike Crapo (R-Idaho) said the sector needs “rules of...
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.