Bank Innovation

MARCH 12, 2020

mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc. Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc.,

Digital Banking 359

Digital Banking Payments Fintech Mobile 359

PYMNTS

SEPTEMBER 17, 2019

Opaque payments moving sluggishly across borders and between banks. There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. Payment Rails Converging. Spreadsheets.

Innovation 132

Innovation Payments Cards Industry 132

Bank Innovation

MARCH 4, 2020

Embedded finance, or the concept of payments and banking being appended to other consumer use cases, is quickly evolving beyond retail and e-commerce, industry executives said at the Bank Innovation Ignite forum in Seattle this week.

Seattle 273

Seattle Innovation Examples Retail 273

PYMNTS

JANUARY 14, 2021

Payments credit union service organization (CUSO) PSCU reported 11.4 More consumers shopped earlier and from home, further accelerating the adoption of contactless and digital payment methods.”. 27 in the retail goods space among the organization’s owner credit unions were up 26.2 Purchases between Nov. percent for debit and 18.1

Innovation Strategies 155

Innovation Strategies Cards Analytics Survey 155

Bank Innovation

MARCH 4, 2020

SEATTLE — Embedded finance, or the concept of payments and banking being appended to other consumer use cases, is quickly evolving beyond retail and e-commerce, industry executives said at the Bank Innovation Ignite forum in Seattle this week.

Seattle 195

Seattle Innovation Examples Retail 195

Bank Innovation

NOVEMBER 14, 2019

The report, titled 5 Big Bets in Retail Payments in North America, examined how banks risk losing payments revenue to technology startups and other non-bank competitors. According to Kevin Grieve, North American lead for Accenture Payments, banks should […].

America 199

America Retail Payments Report 199

Bank Innovation

JULY 25, 2019

Card issuing and processing startup Marqeta may not have picked the sexiest part of the payments ecosystem to disrupt, but it’s looking to catch the same wave as challenger banks and fintech lenders that are raking in funds by the hundreds of millions as they expand into new geographies. Marqeta uses open APIs to allow […].

Payments 186

Payments Cards Fintech Innovation Strategies 186

Bank Innovation

OCTOBER 10, 2019

The German financial services provider is advancing these plans through new product offerings, including cashierless checkout technology for retailers, a payments app for U.S. brands and retailers, and efforts to support China UnionPay‘s expansion to new markets. Wirecard is taking aim at Asia and the Americas.

America 150

America Retail Branding Groups 150

Bank Innovation

JULY 26, 2019

In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, discusses the following news developments: How Presidential candidate Elizabeth Warren and other lawmakers are advocating for the U.S. government to play a bigger role in payments, particularly […].

Industry 170

Industry Video Payments Innovation 170

Bank Innovation

FEBRUARY 28, 2020

1 in consumer adoption, engagement and satisfaction among top retail banks in Canada. The bank said it’s investing heavily in digital channels, making it the largest digital bank in Canada. TD noted that, according to App Annie data, the bank is ranked No. The bank saw a net […].

Digital Strategies 293

Digital Strategies Strategy Digital Banking Retail 293

Bank Innovation

JULY 8, 2019

Japanese mobile payments app Kyash is making a play for consumer wallets with a Venmo-style digital and physical debit card that handles merchant paym.

Mobile 150

Mobile Payments Cards Customer Experience 150

Bank Innovation

NOVEMBER 25, 2019

Roady, who has been on MoneyLion’s board of directors since 2016, was previously a founding partner at GAIN Capital and president of its global retail brokerage business. She told Bank Innovation that her […].

Innovation 293

Innovation Capital Retail Operations 293

Bank Innovation

FEBRUARY 27, 2020

retail ecosystem are showing results. Afterpay’s efforts to embed itself in the U.S. The point-of-sale lender announced this week it has more U.S. customers than customers in New Zealand and in Australia, where it is headquartered. This is the first time since the company’s 2014 launch that its U.S.

Marketing 293

Marketing US Retail Customer Experience 293

PYMNTS

AUGUST 29, 2017

The company plans to debut in-store maps leading consumers to where Cartwheel deals are, and will eventually also bring a mobile payment option to the app by early 2018, according to TechCrunch. The move is the latest in Target’s quest to boost its innovation strategy.

Maine 100

Maine Innovation Strategies Strategy Digital Strategies 100

Bank Innovation

NOVEMBER 22, 2019

In this episode, Suman Bhattacharyya, deputy editor, and Angely Mercado, associate editor, discuss the following news developments: The expansion of The Clearing House’s RTP Network; How Facebook Pay can advance its e-commerce strategy; and How Green […].

Video 243

Video Strategy Payments Innovation Strategies 243

PYMNTS

APRIL 6, 2017

Unfortunately, there’s no magical crystal ball that can provide a glimpse into the future of retail. Considering all of the new technologies, changing consumer behaviors and innovation taking place across the retail sector, we have no way of knowing exactly what’s coming next. Seeing Retail Differently.

Retail 104

Retail Innovation Mobile Technology 104

Bank Innovation

FEBRUARY 28, 2020

1 in consumer adoption, engagement and satisfaction among top retail banks in Canada. The bank said it’s investing heavily in digital channels, making it the largest digital bank in Canada. TD noted that, according to App Annie data, the bank is ranked No. The bank saw a net […].

Digital Strategies 195

Digital Strategies Strategy Digital Banking Retail 195

Bank Innovation

JANUARY 15, 2020

card companies just moved a step closer to gaining access to China’s $27 trillion payments market. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co., The biggest U.S.

Marketing 347

Marketing Cards Payments Company 347

Bank Innovation

DECEMBER 24, 2019

If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking.

Banking 2020 341

Banking 2020 Cards Payments Company 341

Bank Innovation

FEBRUARY 27, 2020

retail ecosystem are showing results. Afterpay’s efforts to embed itself in the U.S. The point-of-sale lender announced this week it has more U.S. customers than customers in New Zealand and in Australia, where it is headquartered. This is the first time since the company’s 2014 launch that its U.S.

Marketing 195

Marketing US Retail Customer Experience 195

BankInovation

JULY 14, 2020

Afterpay is heading into brick-and-mortar stores in the United States. The Australian point-of-sale lending company, which launched online in the U.S. in 2018, announced the expansion into physical stores today.

United States 64

United States US Retail Apple 64

The Financial Brand

JANUARY 11, 2021

The post Is Challenger Bank Chime the Future of Retail Banking? The Chime juggernaut received a rocket boost from COVID's impact on consumers. What bankers must know about this tech-powered 'alt bank.'. appeared first on The Financial Brand.

Retail 34

Retail Branding Customer Experience Innovation Strategies 34

Bank Innovation

NOVEMBER 19, 2019

As large tech and retail brands like Uber, Stash and Walmart roll out banking products, Green Dot is the bank partner, quietly operating in the background.

Branding 170

Branding Retail Operations Innovation Strategies 170

Bank Innovation

APRIL 15, 2020

According to data released by the bank, supplementing its earnings call today, customers made more than 102 million transactions through Zelle, its peer-to-peer payments tool, during the first quarter of 2020. Bank of America customers are shifting toward digital tools.

America 293

America Tools Data Payments 293

Bank Innovation

OCTOBER 27, 2019

Amazon Pay is partnering with payment network Paymentus to allow U.S. The move stops short of enabling bill payments through Alexa, though Amazon said it would add this capability in the future. consumers to query Alexa devices about their bills, the companies announced Sunday at the Money2020 conference in Las Vegas.

Las Vegas 250

Las Vegas Conference Payments Company 250

Banking 2020

JANUARY 29, 2016

Frictionless payments? But while progress has been steady, so far there has not been a revolutionary shift that has led to seamless, ubiquitous payments. The latest development comes from BNP Paribas, which is trialling a new generation of advertising displays that incorporate contactless payment capabilities.

Payments 40

Payments social media Innovation Strategies ATM 40

Bank Innovation

FEBRUARY 17, 2020

based payments startup, wants to simplify the tipping process through a method that’s as simple as using Venmo to pay a friend. There may no longer be an excuse for stiffing hotel staff who ferry bags to guest rooms. TipYo, an Alexandria, Va.-based

Payments 243

Payments Customer Experience Innovation Strategies Strategy 243

The Financial Brand

JANUARY 6, 2019

The post Top 10 Retail Banking Trends and Predictions For 2019 appeared first on The Financial Brand. 2019 banking trends and outlooks from financial services leaders and influencers as well as financial institutions from around the world.

Banking Trends 33

Banking Trends Trends Retail Branding 33

Bank Innovation

NOVEMBER 25, 2019

India’s digital payments pioneer Paytm announced new funding from existing shareholders like SoftBank Group Corp.’s s Vision Fund and new investors, as competition in the country’s finance sector heats up.

Groups 221

Groups Payments Company Innovation Strategies 221

Bank Innovation

OCTOBER 2, 2019

This week, PayPal expanded the scope of its global ambitions through a 70% equity stake in Chinese payments company Guofubao Information Technology, which is known as GoPay. The digital payments giant intends to partner with China’s financial institutions and […].

Marketing 170

Marketing Operations Payments Technology 170

Bank Innovation

OCTOBER 25, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 25, 2019.

UX 170

UX Capital Fintech Video 170

Bank Innovation

OCTOBER 2, 2019

The advent of social payment platforms like Alipay and WeChat are causing ripple effects within China’s banking sector. In September, Bank of China launched an innovation lab through a contract with IBM to fend off competition from these platforms, which function as hubs for e-commerce, banking and social media.

social media 236

social media Innovation Management Payments 236

Bank Innovation

NOVEMBER 20, 2019

-based digital money transfer company WorldRemit opened its Canadian headquarters in Toronto this week, a move that puts it in the midst of a growing market for cross-border payments solutions among immigrant populations.

Operations 170

Operations Marketing Payments Company 170

Bank Innovation

NOVEMBER 15, 2019

While large consumer-facing fintech companies like Square, Klarna, Affirm and others tout speed and efficiency of their user experiences, card issuing and processing startup Marqeta‘s technology supports their payment capabilities, with its APIs allowing […].

Tools 170

Tools User Experience Cards Fintech 170

Bank Innovation

AUGUST 14, 2019

Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5 When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. billion valuation.

Fintech 170

Fintech Financial Technology Capital Online 170

BankInovation

JULY 10, 2020

Zelle is moving beyond peer-to-peer and pushing into business-to-consumer territory. Not only we, at Wells Fargo, but Early Warning and its network banks have seen a significant increase in businesses using disbursements with Zelle,” said Michelle Ziolkowski, head of global payables in treasury management at Wells Fargo.

Payments 92

Payments Management Customer Experience Innovation Strategies 92

PYMNTS

NOVEMBER 20, 2019

They must completely understand the problems they intend to solve before implementing AI and other automated tools, according to Rania Llewellyn, executive vice president of global business payments at Scotiabank. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I

Fraud 117

Fraud Data Management Analytics 117