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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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Legal Pot Starts Pulling Its Retail Weight

PYMNTS

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Other figures also point to how much consumers are spending on legal retail pot. Legal retail cannabis may be spreading throughout the U.S., Companies also have made more than $6.5

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Amazon To Shut Down Free Sample Program

PYMNTS

Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos. They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security.

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Amazon Discontinues Free Sample Program

PYMNTS

Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos. They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security.

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Why State And Local Governments Struggle To Shred The Paper Check

PYMNTS

Digital disbursement innovation is picking up speed in certain states, luckily, as digital payment technology becomes more readily available and less costly. The department requires parents to input their Social Security numbers and other identifiers to ensure payments are heading to the right people. government departments.

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Online Grocery Ordering Coming To SNAP Recipients

PYMNTS

Reports indicate other retailers will join the program next month. The pilot itself will also extend beyond New York’s borders: Alabama, Iowa, Maryland, Nebraska, New Jersey, Oregon and Washington are all slated for tests. “As technology advances, it is important for SNAP to advance, too.”

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Mastercard Q2 Earnings Preview: Increased Spending, Digital Payments Expected

PYMNTS

Mastercard is expected to report strong revenue growth in its second-quarter earnings, thanks to a continued increase in retail spending and digital transactions, according to analysts. The company introduced a new open banking platform in June that supports connectivity, security and compliance, dispute resolution and consulting services.

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