PaymentsJournal

Credit Card Lending: Fair Is Foul and Foul Is Fair

Credit Card Lending: Fair Is Foul and Foul Is Fair

Act 1, Scene 1 of Shakespeare’s Macbeth comes to mind when considering the challenge of credit card lenders today, as three witches chant about the unclarity of what is good and evil. An article in today’s WSJ talks about how lenders “pulled back sharply on lending” because they can’t tell who is creditworthy anymore.

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No Longer Sleepy Associations, Mastercard and Visa Are Fintechs

No Longer Sleepy Associations, Mastercard and Visa Are Fintechs

It used to be that credit and debit card companies connected the four-parties involved in branded network payments through non-profit associations. These non-profits facilitated interbank clearance so that a card payment drawn from bank “X” could clear against a merchant account serviced by bank “Y.

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How Financial Marketers Can Leverage Mobile During Times of Uncertainty

How Financial Marketers Can Leverage Mobile During Times of Uncertainty

How Financial Marketers Can Leverage Mobile During Times of Uncertainty With locations closed and limited human interactions, financial institutions need to adapt quickly to connect digitally with consumers who are leveraging mobile-first banking now more than ever.

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Top 3 Mobile App Development Technologies That Will Reshape Mobile Banking in the Covid-19 Crisis

Top 3 Mobile App Development Technologies That Will Reshape Mobile Banking in the Covid-19 Crisis

More than a third of the entire world’s population is under various forms of lockdown. For instance, South Africa went into lockdown for 21 days. New Zealand ordered 14-day quarantine for all individuals in this country. The UK went into full lockdown on 23rd March 2020.

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Intelligence in Digital Banking: 3 Things You Should Know

Intelligence in Digital Banking: 3 Things You Should Know

Digital banking is a complex industry with its own “rules and laws”. Like any other industry, digital banking is gradually developing, but if you want to get successful with it, you need to know some very important things about integrating intelligence and artificial intelligence into digital banking.

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The Coronavirus and the Payments Industry: Big Deal or Much Ado About Nothing?

The Coronavirus and the Payments Industry: Big Deal or Much Ado About Nothing?

We are living in anxious times. With COVID-19 still spreading, but no real data on how widely and how fast, alarmist speculation is the order of the day. While it is understandable that people want to know as soon as possible how bad the effects will be, and prepare for the worst, there is a […]

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Millennials: More Than Just Credit Cards to Worry About

Millennials: More Than Just Credit Cards to Worry About

Today’s NYT talks about how Millennials Could Make the Fed’s Job Harder. A young generation of aggressive savers could leave central bankers with less room to cut interest rates, which they have long done to boost growth in times of economic trouble. To leave the work force early, millennials would need to build up massive […]

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Payments Are Quickly Moving to the Cloud

Payments Are Quickly Moving to the Cloud

This article from TechRadar understates how rapidly payments are moving to the cloud and the role of data in driving that transition. It also incorrectly positions Google, Apple, Facebook and Amazon as key payment suppliers driving the transition.

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The Rise of Challenger Banks in the Payments Space: How Can Traditional Banks Keep Up in 2020?

The Rise of Challenger Banks in the Payments Space: How Can Traditional Banks Keep Up in 2020?

With the emergence of challenger banks and big tech companies, traditional financial institutions are facing a rising number of competitors in the increasingly crowded payments space. These competitors have begun to address some of the unmet needs of consumers, such as those of the largely underserved gig economy workers.

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Chase Outmaneuvers Square, Putting Fun Into Fintech

Chase Outmaneuvers Square, Putting Fun Into Fintech

Faster payments is a buzzword in retail banking which typically does not include credit card payments. The movement of money in retail banking usually involves transferring funds from Bank A to Bank B, in a transact…

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What Are the Most Important Mobile Wallet Trends?

What Are the Most Important Mobile Wallet Trends?

From being a niche service for tech-savvy consumers to a mainstream payment method, mobile payments have significantly grown in the last 5 years. According to a report, the mobile wallet transaction value reached $4,296 billion in 2018. And by 2022, this value is forecasted to reach a whopping $13,979 billion U.S.D.

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The Gig Economy Spawns Innovations in Fast & Real-Time Payments

The Gig Economy Spawns Innovations in Fast & Real-Time Payments

The gig economy is a busy economy, with ripple effects across the payments landscape. Workers are working around the clock. Small businesses are handling customers on the phone while paying suppliers online and dreaming up catchy social media posts. And corporations are trying to effectively manage-and pay-gig workers in order to keep them around.

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