Payments

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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Banks Mostly Fear Payments and Money Transfer Fintechs, Survey Finds

Banks Mostly Fear Payments and Money Transfer Fintechs, Survey Finds

New payments and money transfer platforms such as Venmo and Stripe are keeping banking executives up at night, a survey by Promontory Interfinancial Network found.

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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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Leaders in Payments Podcast With Amir Wain, CEO of I2c

Leaders in Payments Podcast With Amir Wain, CEO of I2c

Hi, I’m your host Greg Myers, and this is episode three of the Leaders in Payments Podcast featuring Amir Wain, the Founder & CEO of i2c Inc. Amir was born in Pakistan, came to the US and has started three successful companies.

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Banks Have Lost a Quarter of the Payments Franchise to New Players

Banks Have Lost a Quarter of the Payments Franchise to New Players

Non-banks now account for a quarter of the institutions offering payment services or payment instruments, up from 14% in only six years, according to a fresh batch of statistics from the bank for International Settlements. The data comes from the Basle-based BIS’s annual Red Book report on payments and financial infrastructures.

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Major Payments Networks Hit Back With One-Click Payments Platform

Major Payments Networks Hit Back With One-Click Payments Platform

The world’s biggest card networks — including Visa, Mastercard, American Express and Discover Financial Services — have joined forces to create a new one-click payments button making e-commerce transactions easier and reducing cart abandonment.

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Not Only in Beijing…the Chinese Way of Paying Is Rapidly Spreading Around the World

Not Only in Beijing…the Chinese Way of Paying Is Rapidly Spreading Around the World

“How would you like to pay for that, sir?” For most of my lifetime, there have been three possible answers to that question: cash, a check, or a plastic card. Go to Beijing, however, and you will see very few payments in those forms.

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The Fed Is Going to Revamp How Americans Pay for Things. Big Banks Aren’t Happy.

The Fed Is Going to Revamp How Americans Pay for Things. Big Banks Aren’t Happy.

America’s central bank plans to build its own real-time payment system, much to the chagrin of big commercial banks. The news: The Federal Reserve has announced that it will create “FedNow,” a system that will allow real-time bank-to-bank payments, all day every day.

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Big Banks Prepare to Battle the Fed on Faster Payments

Big Banks Prepare to Battle the Fed on Faster Payments

Big banks are preparing to go to war against the Federal Reserve, which is poised to announce that it will develop a new instant payments system to compete with the lenders own nascent version.

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Tinder Bypasses Google Play Store With New Payment Process

Tinder Bypasses Google Play Store With New Payment Process

Tinder is the latest app to join the growing revolt against the fees charged by app stores, with the launch of a new payment process that bypasses the Google Play Store.

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The Beat of Payments – 2019 Calls for Growth and Evolution

The Beat of Payments – 2019 Calls for Growth and Evolution

Payvision reveal their successful journey so far: the partnership with ING and their rebranding project that has redefined their position in the payments industry We’re halfway through the year and the last couple of months have been an exciting time for our payments team.

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