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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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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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The Push For Cybersecurity Technology At Credit Unions

PYMNTS

Credit union (CU) associations and service providers are pushing for the adoption of technology to help with security and compliance. In retail, Western Union has teamed up with Dollar General to let customers initiate money transfers digitally and pay in person at the merchant’s stores. as of December 2018.

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Acima Credit Review: Lease-to-Purchase Retail Financing

MyBankTracker

Acima is a financing solution if you’re looking to buy appliances, mattresses, car tires, and other retail purchases. Once you find what you’re looking for, Acima will purchase the merchandise from the retailer and then rent it to you. ” You can apply online or in-person at the retailer’s store.

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32 Corporate Innovation Labs In Retail

CB Insights

The impending “death of retail” has been projected for decades. But, in an increasingly digital world, brick-and-mortar retail shops are embracing new ways to disrupt the system and get an edge on customer attention. One popular choice: retail innovation labs. Get the 54-page retail report. Founded: 2012.

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Amazon, Travelers Team To Sell Smart Home Kits

PYMNTS

The smart home kits include security cameras, water sensors, motion detectors with multi-sensor capabilities, a smart hub that wirelessly connects a wide range of smart devices and an Amazon Echo Dot. customers in Colorado, Missouri and Wisconsin. Travelers said it expects to add more states later this year.

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Picking Up The Bill On Consumer Trust, Post-Data Breaches

PYMNTS

The public may learn of data breaches much more promptly if three senators get their way on a proposed Senate bill, the Data Security and Breach Notification Act, which was introduced on Thursday, Nov.

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