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Payment Rail Innovators Focus On Cards, Contactless Payments

PYMNTS

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. Nacha Adopts Eight ACH Payment Updates.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

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CPI Card Group Launches Second Wave Cards For New Markets

PYMNTS

CPI Card Group announced that it has launched Second Wave cards for markets including transit, hospitality, entertainment and more. First launched in September, Second Wave payment cards feature a core made with recovered ocean-bound plastic to reduce first-use plastic while diverting plastic waste from entering the ocean.

Cards 101
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Use This Framework for Better Bank Innovation

South State Correspondent

Every bank wants to be “innovative,” but the truth is innovation is difficult. Add to that a bank’s resource constraints, compliance demands, budget goals, legacy IT infrastructure and talent gaps, and innovation for a bank is extremely difficult. The Problem of Bank Innovation. Framing Innovation.

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Lloyds Banking Group Joins BofA, Chase, and Citi in Banning Bitcoin Purchases on Cards

Bank Innovation

Today Lloyds Banking Group confirmed it has banned customers from buying bitcoin with their credit cards. For Lloyds, that ban includes card credits for all the banks […]. EXCLUSIVE – Add one more to the mix. The move comes only days after U.S.

Bitcoin 220
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Wells Fargo Has No Plans to Ban Cryptocurrency Purchases on Its Cards

Bank Innovation

EXCLUSIVE – Wells Fargo will not be joining some of the other big banks in banning its customers from purchasing cryptocurrency with their credit/debit cards, Bank Innovation has learned.

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Two more groups submit Singapore digital banking license bids

Bank Innovation

Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd. and stored-value card company […].