Sat.May 25, 2019 - Fri.May 31, 2019

Customers don’t want digital banking

Chris Skinner

So my snarky little friend Ron Shevlin wrote a piece on Forbes claiming that Americans don’t want a digital bank. As the guy who wrote the book Digital Bank you might think I would take offence to such a statement, but no.

Global Payments to acquire TSYS in $21.5B merger

Mobile Payments Today

Global Payments is buying TSYS in a merger valued at $21.5 billion, marking the latest in a series of international mergers and acquisitions of payments and POS technology companies

Japanese payment app PayPay targets rural areas where cash is king

Bank Innovation

Japanese mobile payment app PayPay is embedding itself in rural areas to gain market share in a country where cash is still dominant. Indeed, cashless payments reportedly account for just 20% of transactions, compared to 50% in the U.S.

Mobile 207

Internet Of Things, A Thing Gone Global


Digital assistants. Smart fridges and thermostats. Security devices, too. The Internet of Things (IoT) has gone global, an ever-expanding ecosystem that touches consumers in every facet of their daily lives.

FinTech’s biggest new market is small business financing … but is it worth it?

Chris Skinner

I write a lot about FinTech payments, lending, roboadvice and such like. But there’s been a strong bubbling trend underneath all this that has not gone unnoticed. I’ve just not blogged about it enough.

NYC public transit pilot puts contacless payment adoption on notice

Mobile Payments Today

The long-awaited pilot program to test tap-and-go payments in public transit in New York City is being closely watched to see if U.S. consumers will finally embrace mobile wallet and contactless card use

How SAFE Credit Union is using location-based alerts to engage customers

Bank Innovation

SAFE Credit Union, through a partnership with NCR Digital Banking, is using geofencing technology as a trigger for push alerts to its customers.

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More Trending

The world’s most destructive bank?

Chris Skinner

I feel sorry for Deutsche Bank. I’ve worked with the bank and they have some great people. It used to be that their investment banking services were one of the best in Europe, alongside UBS and Barclays Bank. That was before September 2008.


NYC public transit pilot puts contactless payment adoption on notice

Mobile Payments Today

The long-awaited pilot program to test tap-and-go payments in public transit in New York City is being closely watched to see if U.S. consumers will finally embrace mobile wallet and contactless card use

Goldman is quickly expanding its digital retail bank Marcus

Bank Innovation

Marcus by Goldman Sachs, Goldman's digital-only retail bank, is quickly becoming a full-service financial platform -- a threat to both challenger banks and traditional incumbent players.

Retail 179

Visa: EMV Rollout Continues; Counterfeit Fraud Down 76 Pct.


Visa said this week that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously.

Fraud 264

Earth’s future is all down to the banks

Chris Skinner

I’ve been struggling for a while now. My struggle is that I love flying around the world, seeing new places, meeting new people, finding new things … but I hate polluting the planet.

Overpayments: A costly SPM mistake

Insights on Business

People make mistakes in all aspects of life; it’s not exactly headline news when it happens.

BofA’s AI-powered assistant crosses 7 million users

Bank Innovation

One year after the launch of Bank of America's AI-powered digital assistant Erica, customers are starting to get comfortable turning to it for reports on their spending activity and for day-to-day tasks like paying bills and peer-to-peer payments.

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Is Sweden Proof There Is Such A Thing As Too Much Digital Payment Success?


Usually when we’re telling a story at PYMNTS about expectations for a product being radically divergent from its actual performance, it is a story about underperformance. Something comes in on a cloud of extravagant hype only to end up with merely so-so reaction from the intended audience.

Things worth reading: 31st May 2019

Chris Skinner

Things we’re reading today include … Monzo apologises for bank transfer problems HSBC Plans Hundreds of Investment Bank Job Cuts Revolut is the most complained-about small online bank Metro Bank shares slide as fraud investigations launched Raphaels Bank fined £1.9m

Metro 274

RiverPay enables Alipay at retailer Holland & Barrett amid surge in Chinese travel

Mobile Payments Today

RiverPay is working with wellness retailer Holland & Barrett to expand the acceptance of Chinese mobile wallets, demonstrating the growing power of Chinese tourists in driving retail acceptance of mobile payments

Retail 159

Silicon Valley’s Plaid Heads to the U.K., Undeterred by Brexit

Bank Innovation

Fintech startup Plaid Inc. is expanding its footprint into the U.K., a region it believes could eventually match the U.S. in terms of revenue, despite political uncertainty. Founded in 2012, San Francisco-based Plaid helps customers and banks transmit data back and forth.

Are Flying Cars The Future Of Ridesharing?


When most people talk about the high-tech future of ridesharing, they are generally talking about self-driving vehicles as the next logical great leap forward. Most people, but not quite everyone. For Munich-based firm Lilium , thinking about autonomous vehicles is thinking too small.

Dallas 253

Things worth reading: 30th May 2019

Chris Skinner

Things we’re reading today include … Scam victims to be refunded by banks NatWest most complained about bank for fraud claims Emirates NBD builds AI-enabled bank with AWS The digital banking revolution is here. So why are so few people putting their salaries into app-only bank accounts?

Fraud 271

Rebeca Romero Rainey: Create opportunities for new leaders

Independent Banker

“Leadership lies not in the position you hold but in what you do with it.”. After college, I moved back to my hometown of Taos, N.M. I was driven by the goal of doing whatever I could do to make a difference in my community.

Idaho 156

Experian CIO Libenson: API business a major driver for growth

Bank Innovation

In Barry Libenson’s four years as Global Chief Information Officer at Experian, the credit bureau has undertaken a modernization effort with a price tag in the hundreds of millions of dollars. And, according to Libenson, that investment is paying off.

Citigroup Opted Not To Partner With Apple On Its Credit Card


Citigroup was reportedly in advanced talks with Apple to partner on its new credit card but decided not to move forward, according to CNBC.

Apple 255

The Finanser’s Week: 20th May – 26th May 2019

Chris Skinner

The main blog headlines are … When will the FinTech bubble burst? Reading about FinTech unicorns and pizzas worth $80 million, you would think that the world was bubbling over with wealth.

Your Members Want Simple

Credit Union Geek

I love choices. I’m the kind of person who rotates between five brands of orange juice (I live in Florida and this is a perfectly normal thing here). As a tech geek, I also dive into Settings menus on all products to see what I can personalize, edit, or tweak. But even for me, a […].

Global Payments acquires TSYS for $21.5b

Bank Innovation

The consolidation wave among payments companies got a major boost today with Global Payments’ acquisition of Total Payments Systems (TSYS) for $21.5 billion in stock.

Metro Bank Hit By More Fraud Probes


Two U.S. law firms have launched investigations into the U.K.’s ’s Metro Bank on behalf of investors concerned that the institution committed securities fraud.

Metro 247

Things worth reading: 29th May 2019

Chris Skinner

Things we’re reading today include … The Race for 650 Million Virtual Bank Accounts Does Greed Drive Deutsche Bank And Other Banks Not To File Suspicious Activity Reports?

Q1 2019: US credit card issuer snapshot


Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks.

Cards 215

Backed by $131m, Grasshopper Bank to roll out broadly next month

Bank Innovation

New York-based Grasshopper Bancorp, which opened for business to a select group of entrepreneurs and investors earlier this month, this week raised $116 million from investors, including T. Rowe Price Group, Patriot Financial Partners and Endeavour Capital Advisors.

Stepping Into 21st Century Hospitality With Apartments And Technology


Some entrepreneurs are inspired to start companies because they spot unmet needs in the market: Frontdesk Co-Founder and Chief Growth Officer Jesse DePinto, for instance, saw the amateur nature of home shares but the opportunity for something better than a hotel.

Things worth reading: 28th May 2019

Chris Skinner

Metro 237

Why You Are Watching The Wrong Lending Competitors

Banker to Banker

CREDIT MANAGEMENT No doubt, you hear all about how your competitors are winning deals because they are more aggressive when it comes to underwriting.

Arkansas credit union taps mobile video banking to reach more customers

Bank Innovation

River Valley Community Federal Credit Union serves 7,200 members out of just two branches in southern Arkansas.

Helping Merchants Play To Win In The $500B Subscription Space


More than half of all Americans now subscribe to digital news or entertainment streaming services, and such offerings are already beginning to crop up in new industries, like cars and financial services.

Apple 244

The seven deadly sins of sales performance management

Insights on Business

Companies, like people, face pitfalls in corporate progress whose recurrence in one business case after another hints at root causes common to many organizations.

Why Non-PBEs Shouldn’t Bank on a CECL Delay


Last week, Sen. Thom Tillis (R-NC) introduced a bill, S. 1564 , calling for a delay in the implementation of the Financial Accounting Standards Board’s current expected credit loss (CECL) standard.

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