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Fed study highlights growth in card, ACH payments

Payments Dive

Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.

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Neobank Monzo to Close Prepaid Card Services in April 2018

Bank Innovation

British challenger bank Monzo will shut down its prepaid card program in April this year, the bank said on its blog yesterday. Monzo first announced its plans to shutter prepaid cards last year.

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Things worth reading: 15th October 2018

Chris Skinner

Things we’re reading today include … Terrifying moment giant PYTHON crashes through bank ceiling and scares staff Card clash: Mastercard is gaining market share in the UK payments market ECB should keep policy options open regardless of Fed Millennials and apps are shaking up asset management Barclays to challenge Goldman … The post (..)

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Things worth reading: 23rd November 2018

Chris Skinner

Things we’re reading today include … Monzo and Starling are making banks take mental health seriously Deutsche Bank shares hit record lows as German bank dragged into money laundering scandal Goldman Sachs offers London staff emergency nannies Exclusive: Visa, Mastercard offer tourist card fee cut in EU antitrust probe – … The (..)

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Samsung Pay Launches Debit Card, Money Management

PYMNTS

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Samsung Pay has increasingly grown in popularity, processing more than one billion transactions , almost double compared to 2018. But in some emerging economies, NFC is not supported, making MST important. .

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Things worth reading: 8th November 2018

Chris Skinner

TransferWise partners with Dutch challenger bank Bunq Hidden camera reveals how bank employees mislead and upsell on pricey credit card insurance Westpac bets … The post Things worth reading: 8th November 2018 appeared first on Chris Skinner's blog.

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Payday Loans, Pawnshops And Borrowed Credit Cards: How Many Americans Got By In 2018

PYMNTS

percent in Q2 2018 to as much as 41.2 percent in Q3 2018. In the Q3 2018 edition of the Financial Invisibles Report , PYMNTS surveyed more than 2,000 American consumers to get to the bottom of what was driving their financial confidence — even in the face of delinquency. The usage of credit cards to pay off debt shot up from 44.6

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