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The Latest Data Says Americans Aren’t Coming Back to the Bank. What Does That Mean for Digital Banking?

Before the pandemic, the banking industry had largely embraced digital offerings. Many American consumers have become accustomed to quickly depositing a check by simply taking a picture or transferring funds with the click of a button.

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US Politicians Weigh Response to OCC Payments Charters

With financial technology firms growing fast and big tech outfits increasingly moving into the FS sector, a senior US politician has warned about the risks of “too-big-to-fail” fintechs.

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Facebook Launches Accounts Center to Better Connect Its Cross-Data and Payment Systems

As it looks to make a bigger shift into eCommerce, Facebook is also working to streamline its payments processes, in order to make it as easy as possible for users on both Facebook and Instagram to quickly make purchases based on posts and ads in each app.

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Airwallex Launches Card Payment Acceptance in the UK and Europe

Airwallex Launches Card Payment Acceptance in the UK and Europe

Global fintech leader Airwallex has launched its card payment acceptance solution in the United Kingdom and Europe allowing merchants to accept card payments around the world seamlessly and securely. The solution will initially support Visa and Mastercard card payments, with more payment methods planned.

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Fearing Chinese Advantage, Japan Lurches Towards Digital Currency and Electronic Payments

Fearing Chinese Advantage, Japan Lurches Towards Digital Currency and Electronic Payments

By Luke Mahoney, grape Japan As we’ve discussed before, Japan is largely a cash based society. Despite, at times, a healthy interest in digital cryptocurrencies like bitcoin, consumers rely heavily on physical currency while eschewing electronic payment methods.

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U.S. Spending Jumped 7% at Visa in August

U.S. Spending Jumped 7% at Visa in August

U.S. payments volume at Visa (NYSE: V) jumped 7% year over year in August, according to a regulatory filing, as the company continues to see domestic spending rebound since the coronavirus pandemic struck in March. The trend continues positive momentum for the company, which saw U.S. payments volume jump 8% in July year over year.

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JPMorgan Chase Reportedly Eyes 2021 Launch for UK Digital Bank

JPMorgan Chase Reportedly Eyes 2021 Launch for UK Digital Bank

Dive Brief: JPMorgan Chase plans to launch a digital bank in the U.K. in the first quarter 2021, Sky News reported Friday. The British news channel said the launch would put the largest U.S. bank in a position to capitalize on the growth of digital services amid the coronavirus pandemic.

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The Evolution of Payments Following a Global Pandemic

The Evolution of Payments Following a Global Pandemic

It’s 2022 and people around the world are finding a ‘new normal’, with employees commuting to work and roads and public transport are busy once again. Consumers are spending more confidently with retailers once again. After a continued global effort to flatten the curve and months of social distancing, life is slowly returning to normality.

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Big U.S. Banks Predict More Economic Pain From Coronavirus

Big U.S. Banks Predict More Economic Pain From Coronavirus

NEW YORK (Reuters) – Three of the largest U.S. banks said on Tuesday they had set aside a whopping $28 billion for loan losses, in a stark reminder that much of the economic pain from the coronavirus pandemic is still to come.

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Cutting Corners in China: Credit Cards Circumvent Cash Advance Controls and Limits

Cutting Corners in China: Credit Cards Circumvent Cash Advance Controls and Limits

An interesting story in Caixin Global, a news source covering the Chinese market, talks about a trend where card processors, particularly Alipay and WeChat Pay, circumvent payment card industry standards on credit card cash advances.

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Financial Inclusion: Mexico Is Missing a Move to Digital Banking

Financial Inclusion: Mexico Is Missing a Move to Digital Banking

When the history of the coronavirus’s impact on Latin America is written, it will highlight the acceleration that the virus had on the shift to digital banking and the subsequent economic impact of this.

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Fintechs (Not Banks) Could Reap Windfall From $800 Billion Opportunity in US Equity Market

Fintechs (Not Banks) Could Reap Windfall From $800 Billion Opportunity in US Equity Market

ADVERTISEMENT As the global pandemic alters life as we know it, accelerating the work-from-home culture, shifting priorities and creating soaring demand for Zoom conferencing, fintech solutions are quickly encroaching on banks — the Blockbuster Video to their Netflix.

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