Forbes

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Visa, Mastercard and PayPal Are Changing Their Tune on Bitcoin and Crypto

Payments giants Visa, Mastercard and PayPal have had a rocky relationship with bitcoin and cryptocurrencies in recent years (though have been softening their stances for some time).

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The Timing of Apple’s QR Code Payments in IOS 14 Isn’t Accidental

The Timing of Apple’s QR Code Payments in IOS 14 Isn’t Accidental

Last week it was revealed that Apple -0.5%AAPL looks likely to launch QR code payment functionality within iOS 14. This means that people can use their iPhone cameras to scan a QR code to make a payment. The NFC (near field communication) functionality Apple Pay is currently based upon isn’t innovative.

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What’s in Which Wallet?

What’s in Which Wallet?

It’s no longer just a question of what’s in your wallet – it’s now a question of which wallet consumers are pulling out to make a purchase. As mobile wallets have increased in popularity, with an 8% uptick in consumer interest since last year, we see a dynamic developing that could change the way banks […]

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Banks’ Days May Be Numbered Thanks to Digital Wallets

Banks’ Days May Be Numbered Thanks to Digital Wallets

By 2024 there may be more than 220 million digital wallets, representing an $800 billion opportunity. But it won’t be the traditional banks that benefit from this red-hot growth, it’s the fintechs that are poised to win.

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Banks Must Act Fast to Ride the Contactless Payment Tailwinds Created by COVID-19

Banks Must Act Fast to Ride the Contactless Payment Tailwinds Created by COVID-19

The COVID-19 outbreak has quickly catapulted contactless payments into the mainstream consciousness thanks to their hygienic benefits.

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Facebook Strikes $5.7 Billion Deal With India’s Richest Man

Facebook Strikes $5.7 Billion Deal With India’s Richest Man

TOPLINE Facebook has become the largest minority shareholder in Indian oil and telecom tycoon Mukesh Ambani’s cut-price Jio mobile internet network with a 5.7 billion deal. India’s richest man, Mukesh Ambani, struck a bumper deal to sell a stake his Jio mobile network to …

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The State of Digital Payments Acceptance in US Online Retail

The State of Digital Payments Acceptance in US Online Retail

Amazon Pay, Apple Pay, Google Pay; alternative payments are a hot topic. And they are key to seamless checkout experiences, especially while consumers shop on their smartphones.

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Fintechs Urge Congress to Designate Them as Small Business Lenders as Part of the Coronavirus Stimulus Package

Fintechs Urge Congress to Designate Them as Small Business Lenders as Part of the Coronavirus Stimulus Package

Fintechs want to play a part in helping SMBs as part of the stimulus package. Getty As U.S. Congress works to inject what is expected to be more than 1 trillion into the U.S. economy, the nation’s online lenders and fintechs want to ensure they are part of the solution.

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Who’s Better: Digital Banks or Traditional Banks?

Who’s Better: Digital Banks or Traditional Banks?

A TV commercial from challenger bank Chime features a woman who says she switched banks because her old bank didn’t help her manage her financial life. Is that how most consumers feel? And are the challenger (i.e.

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Who Needs Cryptocurrency FedCoin When We Already Have a National Digital Currency?

UKRAINE – 2020/02/27: In this photo illustration one hundred US dollar banknotes are seen displayed. … [+] SOPA Images/LightRocket via Getty Images The cryptocurrency enthusiasts are at it again, with a new name and even more ambitious goals than before: now they want a national digital currency.

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Fueled by Increased Consumer Comfort, Mobile Payments in the U.S. Will Exceed $130 Billion in 2020

Fueled by Increased Consumer Comfort, Mobile Payments in the U.S. Will Exceed $130 Billion in 2020

The U.S. mobile payment market increased 41 from 69.8 billion in 2018 to 98.8 billion in 2019 according to eMarketer. The growth is significant since a mere 12.8 billion was spent in 2012. Mobile payments are increasingly being used by U.S. shoppers as customers become more comfortable with the technology.

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13 Changes Coming to the Banking Industry

13 Changes Coming to the Banking Industry

Very few industries have the long history and stability the banking industry has enjoyed. Banks depend on the firm trust of their customers, and as a result, change usually takes a long time. However, in recent years, members of the banking sector have realized that evolution is necessary if they are to remain relevant in […]

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