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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In 2023, we expect to see this response exaggerated and heightened. In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022.

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Consumer Credit Update for 2Q 2023

South State Correspondent

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. Volume is not expected to pick up in the second half of 2023.

Trends 195
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The Top 20 Deposit-Rich Industries for 2023

South State Correspondent

Almost every trade association needs a checking and savings account, a money market account, debit/credit cards (and processing), remote deposit capture, RTP/ACH/wire services, bill pay, health savings, and 401k services. Banks can combine niche marketing with our three rules around getting your deposit promotions right HERE.

Industry 195
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Top 10 Crypto scams to look for in 2023

Abrigo

Crypto market a perfect environment for fraud. There are several reasons why cryptocurrency markets allow fraud to flourish: There is no bank or centralized authority to flag suspicious transactions and attempt to stop fraud before it happens, as there is with fiat currency. Crypto scams to watch for in 2023. Growing popularity.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year.

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CFPB issues request for information on consumer credit card market

CFPB Monitor

The CFPB has issued a new request for information (RFI) to inform its biennial review of the credit card market mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act). Comments on the RFI must be received by April 24, 2023.

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Turkey to be cashless by 2023

Chris Skinner

Nevertheless, from a financial markets point of view, it’s a fascinating place. Payments in Turkey, an ever-growing market… by Soner Canko, CEO of BKM Turkey, at the crossroads of Europe and Asia, has a banking sector that defies expectations. Fifteen years ago, only 9 per cent of total household consumption was through cards.

National 300