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Read MoreThe World Payments Report 2018 from Capgemini and BNP Paribas explores how emerging technologies can help banks become anchors of a new payments ecosystem and offer new value-added services to customers, including corporate treasurers.
Read MoreBarclays is ready to offer U.S. consumers a low-cost, digital-only bank that will directly compete with Goldman Sachs’s Marcus brand. Barry Rodrigues, CEO of cards and payments at Barclaycard International, told Financial Times that the new offering would leverage Barclays’ U.K. knowledge and expertise to create a checking account for its U.S.
Read MoreAmerican Express is introducing a new solution to accelerate B2B payments to suppliers. In an announcement Thursday (Oct. 11), American Express said it is launching Early Pay, a combination of supply chain finance and early payment discount capabilities. Designed for large U.S. companies procuring from U.S.
Read MoreThe world can be a scary place these days, especially for banks. According to recently released reports, fraudsters are continuously targeting big U.S. banks, and these attacks are increasing in both frequency and sophistication.
Read MoreThe global march toward faster payments is already well under way. Today, 25 countries have faster payments systems in production and an additional 19 are progressing quickly toward them. When the Federal Reserve’s Faster Payments Task Force issued its recommendations in 2017, it outlined a vision for a U.S.
Read MoreFor many people all over the world, paper cash and metal coins are already items of memory. Mobile payment providers,like Apply Pay and Samsung Pay, are being used at cash registers in countries like the United Kingdom and Japan, and people have responded well to the ease of this system and some of the benefits […]
Read More– 58% of consumers won’t hold a general purpose reloadable card 5 months– 35% claim to have kept a card 6 months or longer– Per usual, lowest-income earners (24%) are most likely to hold for over a year“Its data relatively consistent with prior year’s levels – and points out that penetration of the core users […]
Read MorePayPal Holdings Inc. increased a Venmo fee as part of a broader push to make money from the fast-growing mobile payment service, prompting backlash from users on social media.PayPal said it will charge 1 percent when Venmo account holders transfer money quickly to their bank accounts, starting Nov. 6.
Read MoreBain is once again raising the spectre of the big banking bogeyman that is Amazon, pointing to research which suggests that 65% of Prime subscribers would be prepared to open a bank account with the e-commerce giant.
Read MoreJPMorgan posted results on Friday (Oct. 12) that beat the Street on headline numbers – top and bottom – based on traction in consumer spending, and also showed growth in its mobile and digital initiatives. The bank is among a trio, including Citigroup and Wells Fargo, that typically kick off earnings season.
Read MoreNon-cash payments are recording a rapid growth, owing largely to developing markets. However, innovation if challenged by regulatory and technical complexities, according to a the World Payments Report 2018 by Capgemini and BNP Paribas. Non-cash payments reported a compound annual growth rate (CAGR) of 10.1 in 2015-16.
Read MoreContactless payments have become the most popular form of card transaction in the UK for the first time, new figures have revealed. The latest figures say that contactless has now overtaken Chip & Pin payments, having already toppled cash transactions earlier this year. The company estimates that 38.
Read MoreAustralia Post chief executive Christine Holgate has heaped pressure on ANZ to join its other big four competitors and support personal banking services at Australia Post offices.
Read MoreVisa, Mastercard and American Express will be violating a new Indian law that is going into effect on Monday night every time an Indian swipes a credit or debit card.
Read MoreThe US Senate e-Banking Committee’s hearing for Exploring the Cryptocurrency and Blockchain Ecosystem entered into a fantastic debate as witnesses Dr. Nouriel Roubini and Peter Van Valkenburgh argued the opinion for and against cryptocurrencies and blockchain.
Read MoreConsumer rights groups in the US have slammed a proposal by the Consumer Financial Protection Bureau to create a regulatory sandbox that would enable fintech firms to bypass red tape.
Read MoreThe Confederation of British Industry is calling for a tax and regulation revamp to help financial services firms deal with the challenges and opportunities presented by a rapidly changing technological landscape. With over 1.
Read MoreA coalition of 50 public interest groups today sharply criticized the Consumer Financial Protection Bureau’s proposal to gut important consumer-protection rules, especially for fintech providers, arguing the agency does not have the authority to create potentially unlimited exemptions from the very regulations that the CFPB is obligated to enforce.
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