pymnts

Deep Dive: Making Smarter Payments Safer

Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. They must deliver services that customers and clients demand while securing their personal data. Data is crucial and – fortunately, for banks and businesses in the smarter payments space – plentiful.

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Cross-Border Payments and Bank-FinTech Collab

When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration, particularly between banks and FinTech firms.

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India ATM Closures Boost Demonetization Efforts

In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid. The move came as a surprise, and left no small amount of chaos – with bank runs and big losses for merchants – in its wake.

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How AML Regulations Turn Credit Unions Into Law Enforcement

Communication and engagement with members is an essential part of any credit unions’ (CUs’) retention strategy. Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. However, their members are not the only ones with whom credit unions must regularly work.

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Where B2B Payments, Banking and Lending Connect

B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). With checks still so heavily in play, small businesses must not only wait to receive a check, but banks often enact a holding period that forces a company to wait even longer to […]

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How Will 5G Shake Up Banking and FinTech?

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to work more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts.

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The Rise of Fraud 3.0, and Businesses’ Response

Computing power is dirt cheap, thanks to cloud infrastructure.

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Veem Brings Platform to Canada

Welcome to The Axis, your late look at payments news from around the world. Coverage includes global payment firm Veem introducing its payments platform to Canada.

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Consumer Credit Orgs to See More Growth in 2019 | PYMNTS.com

Thanks to low unemployment, growth in GDP and real disposable income, TransUnion forecasted that consumer credit originations and consumer balances will increase in 2019 for the lion’s share of credit products. At the same time, TransUnion said delinquency rates will likely decrease or remain flat, excluding credit cards and mortgages.

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How Digital Will Change Brick-and-Mortar in 2019

Give a deep and welcoming hello to the newest form of window shopping – a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate.

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Governments Support Blockchain Initiatives 

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. In this week’s Blockchain Tracker, PYMNTS runs through some of the latest moves from policymakers and the public sector as they explore blockchain’s potential.

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Wyre Acquires Hedgy

Crypto payments startup Wyre has acquired Hedgy, a venture-backed bitcoin smart contract development firm. While Wyre already provides cross-border payments using bitcoin, Ethereum, Litecoin and other cryptocurrencies, the deal enables it to expand its services to crypto startups, the company’s co-founder and COO Ioannis Giannaros told CoinDesk.

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