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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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Rideshare Rental Startup Expands In New York And Wisconsin

PYMNTS

With Uber, for example, cars must have four doors and be newer than 15 years old to operate on their platform. Lyft has similar requirements, too, although cars must be no older than 12 years on its platform, unless a driver operates in certain coverage areas. Many, but not all, cars meet Uber and Lyft’s standards.

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Fiserv Adds Buy Now, Pay Later Option

PYMNTS

the Wisconsin-based FinTech, has joined the trend to offer a buy now, pay later ( BNPL ) option for purchases with interest-free installment payments. More than one-quarter of retailers already offer installment payments, according to a survey by Forrester Research. the Australian FinTech operating in the U.S. Fiserv Inc. ,

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

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Walmart Expands Next-Day Delivery

PYMNTS

The retailer is adding more than a dozen new states that will receive the service, including in parts of Florida, Georgia, Illinois and Wisconsin. The retailer also hopes that next-day delivery will boost its eCommerce sales. Walmart has predicted online sales in the U.S. Walmart has predicted online sales in the U.S.

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Grocery Round-Up: Digital-First Delivers For Kroger, Another Instacart Pair-Up And Hoarding Round 2

PYMNTS

Online sales were up 108 percent during the quarter. In late October , Cincinnati-based Kroger announced its “Restock Kroger” program — which aims to improve shipping, distribution and the links between its online and offline businesses — would be a major boost for shareholders. He pointed to total company sales, which hit $29.7

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Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

Second-quarter net income was impacted by a $481 million one-time expense resulting from a key Supreme Court decision related to online sales, South Dakota v. The San Francisco-based bank had a total of 5,751 retail branches by the end of the second quarter, citing 114 branch consolidations during the first half. Revenue fell to $21.6