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3 business payments trends to watch

Independent Banker

As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. Let’s look at a few of these trends, how community banks can determine if they’re right for them and how to get on board. By Mary Yerkes. are now contactless.

Trends 144
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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

Petersburg, Florida-based CUSO said its Enhanced Fraud Services initiative has already helped 10 credit unions combat fraud, including chargebacks stemming from instances of members’ payment card details being stolen and sold on the dark web. Canada’s largest community credit union has announced that it is expanding its commercial network.

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Small Business Banking Targeted In Open Banking Initiatives

PYMNTS

In a press release , the company announced plans to offer community banks and credit unions (CUs) its banking technology, which can enable these FIs to more adequately compete against larger banks. Recent improvements in the customer experience have made open banking more attractive for Funding Circle, added Jacobs.

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Millennial Entrepreneurs’ Optimism Is Booming — Here’s Their Top Concern

PYMNTS

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. Outlooks on local state business climates were also generally positive, said First Citizens; North Carolina saw the greatest increase in state economy optimism this year compared to last. —34

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

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Retail Pulse: CVS, UPS Test Drone Potential; Birchbox Grows Walgreens Partnership

PYMNTS

Another delivery of a medical prescription arrived at a nearby retirement community for a second customer. We see big potential in drone delivery in rural communities where life-saving medications are needed and consumers at times cannot conveniently access one of our stores.”. UPS subsidiary UPS Flight Forward Inc.

Retail 101
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SNAP Users Shut Out Of The Digital Grocery Aisles

PYMNTS

The government first began investigating the prospect of allowing SNAP card recipients to pay for their groceries online four years ago, in 2016 , and had begun to design a pilot program with grocery players. Digital grocery benefits for SNAP recipients recently came to the forefront thanks to COVID-19, but the issue isn’t really new.