U.S. adults using mostly cash drops sharply

Payments Dive

Affluence and age significantly affect whether people choose to use cash for purchases, according to the latest Gallup poll on cash use in the U.S.

US 329

3 Payments Trends to Watch in 2021

Payments Dive

As 2021 rapidly approaches, many of us are hoping for better days after the whirlwind year of 2020. While COVID-19 has certainly had an impact on every industry, certain trends that began in 2019 continued to develop in 2020, and some of them may even blossom fully in 2021

Trends 381
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Three US cash trends persist, Fed report says

Payments Dive

The COVID-19 pandemic led U.S. consumers to change up their payment habits, but three long-term cash trends have mainly persisted, according to a Federal Reserve Bank report issued this month

Trends 355

US Dollar Hits New Record High

South State Correspondent

US Dollar Climbs to New Record High. The post US Dollar Hits New Record High appeared first on SouthState Correspondent Division

US 195

Level Setting and Peering Around the Corner— Tips for Success in Your Organization

Speaker: Steve Andrews, President & CEO of the Western Bankers Association 

This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.

US payments firms notch venture round record

Payments Dive

First-quarter data from research firm CB Insights showed U.S. payments startups saw a 61% spike in funding rounds from the previous quarter, but a 23% drop in total funding

US 247

Basic income pilots gain momentum across US cities

Payments Dive

At least a dozen U.S. cities have implemented unconditional direct cash payment programs over the past year, as advocates seek to build evidence and experts debate the most effective structures

US 195

US Bank eyes growth with multilingual AI offerings

BankInovation

NEW YORK CITY — U.S. Something we’re just getting into is multilingual,” Sierra Fontana, user experience designer of the Smart Assistant at U.S. Payments Premium US Bank

Auto dealers tap US Bank for real-time payments

Payments Dive

Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding

US 212

US Bank eyes ‘autonomous banking’ future

Bank Innovation

Carousel Corporate Banking Innovation Strategy Open Banking Premium Product Design Retail Banking agile api data strategy innovation straegy open banking US Bank

US 238

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

US Treasury, banks drill down on AML

BankInovation

Banks are leveraging automation in transactions to weed out suspicious activity from fraudsters, and the U.S. The U.S. Center of Excellence Premium regulators risk US Treasury

US 83

BNPL player Zilch expands to US

Payments Dive

Instead of collecting fees from retailers to move merchandise from their shelves, Zilch is linking with brands like Sephora and Nike to lure consumers looking to finance their purchases through installment payments

US 227

Russian Hack Used Servers Inside US, Cybersecurity Company Says

PYMNTS

Sources told the Times the matter may have been exacerbated by the focus U.S. The Times quoted Democratic U.S. Security & Fraud Hackers News Russia Security us What's Hot

US 256

NovoPayment lands $19M, spearheads US growth

Payments Dive

Miami-based NovoPayment, the banking-as-a-service provider of digital payments and other services, is collecting capital for an expansion move in the U.S.,

Miami 195

100 Pipeline Plays: The Modern Sales Playbook

For the first time, we’re sharing the winning plays that took us from scrappy startup to a publicly traded company. Use our proven data-driven plays to grow your pipeline and crush your revenue targets.

Consumer group US PIRG seeks BNPL crackdown

Payments Dive

A report this month from the organization outlines a litany of complaints about buy now-pay later, such as hidden fees, and suggests the industry is trying to evade consumer protection laws

Groups 227

Wagestream jumps into US on-demand pay fray

Payments Dive

With $175 million in recently raised capital, the British new entrant in the U.S. earned wage access arena is setting lofty goals for expansion

US 195

US plays catch-up on real-time payments

Payments Dive

Other countries, including China and India, are reaping much bigger rewards than the U.S. from their business and consumer adoption of real-time payment systems, according to a new study

US 227

Russian Mir payments may benefit from US exit

Payments Dive

While overall Russian card payments volume is expected to decline as U.S. card companies exit the country, Russia's Mir payments system and related cards may benefit, according to new research. payments companies are expected to forgo about $2.4 billion in annual revenue

US 227

The Role of Artificial Intelligence in Pandemic Response: Lessons Learned From COVID-19

In March 2020, the world was hit with an unprecedented crisis when the COVID-19 pandemic struck. This whitepaper reviews lessons learned from applying AI to the pandemic’s response efforts, and insights to mitigating the next pandemic.

U.S. Bancorp bets on corporate payments rebound

Payments Source

Bank Faster payments Earnings U.S. Bancorp

US 89

Will ‘Zombie Companies’ Eat The US Economy?

PYMNTS

Will so-called “zombie companies” soon do the same to parts of the U.S. In an age where U.S. Non-financial corporate debt was already high even before COVID-19, equating to nearly half of U.S. You know the setup — the one that’s part of seemingly every horror movie ever made.

US Bank deploys smart assistant to boost digital banking

Payments Dive

US Bank is deploying natural language processing and AI-based technology to move more of its retail banking business onto the mobile banking app

Improving Your Bank's Digital Experience

ATM Marketplace

For the past 20 years he has worked as an executive with some of the largest banks in the U.S. Rick Jaros, a principal with Spinnaker Consulting Group, has experience in digital integration, business strategy and change management.

Groups 120

Report: US Median Income Up, Poverty Rate Down In 2019

PYMNTS

Prior to the COVID-19 pandemic that struck earlier this year, U.S. Median household income in the U.S. increased by nearly 7 percent last year to $68,700, up from $64,324 in 2018 while the number of people living in poverty fell, the U.S. percent, the U.S.

US 211

U.S. Bank to offer custody service for digital assets

Payments Source

Bank Digital currencies

US 123

U.S. Bank: How Legacy Systems Impede Open Banking Adoption

PYMNTS

Application programming interfaces (APIs) and open banking are being harnessed to face these obstacles in turn, but their implementation has been slow in much of the world, including the U.S. US Bank on the Challenges Impeding Open Banking Adoption for B2B Payments.

System 234

US Treasury Proposes Sweeping New Disclosure Rules On Bitcoin, Other Cryptos 

PYMNTS

The U.S. The rationale for the new regulations, as the government laid out in the Federal Register, is that "U.S. Cryptocurrency Bitcoin cryptocurrency News regulations U.S. Treasury Department proposed sweeping new rules late Friday (Dec.

U.S. Bank Announces Amazon Alexa Integration

Bank Innovation

EXCLUSIVE- U.S. The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […]. Exclusive Innovations Mobile Retail Security Social Media Alexa amazon chatbot US Bank voice bankingBank has become part of a select group – banks that allow customers to access their accounts via voive with Amazon Alexa.

US 241

Mexican Remittances Set Surprising US Record

PYMNTS

Mexicans and Mexican-Americans working in the U.S. sent a record sum of money to the southern country despite the staggering blows the U.S. In just one month — July 2020 — people in the U.S. One reason is that much of the work performed in the U.S.

US 251

US Bank On Improving B2B Payments Via Open Banking

PYMNTS

More than $25 trillion flows between U.S. The U.S. Countries around the world — including the U.S. Both of these challenges are going to be incumbent on banks to address, as the U.S.

US 226

XBRL News from China and the US, Workiva

Daily Fintech

The post XBRL News from China and the US, Workiva first appeared on Daily Fintech. Default/Ignore china sustainability US Workiva xbrlHere are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

U.S. Bank teams with Lithia on real-time payments tool

Payments Dive

Bank and Lithia Motors are teaming up to test a new real-time payments tool for customers selling their used cars to the auto dealer in their driveways. The pilot in Portland, Oregon, is expected to be rolled out nationwide this year

Tools 212

Manufacturing Boosts US Economy As Durable Goods Orders Rise Again 

PYMNTS

New orders for manufactured durable goods rose $3 billion last month, to a total of $248 billion, the U.S. It also continues a trend of increases over the past six months that have seen the once-beleaguered manufacturing sector help buoy the U.S. Economy economy News U.S.

US 191

BNPL Provider Openpay Launches In US

PYMNTS

Openpay , an Australian buy now, pay later (BNPL) provider, has officially launched in the U.S., Michael Eidel , CEO and managing director of Openpay, said in the release that the U.S. We are very excited to have commenced the launch of our consumer BNPL and B2B offerings into the U.S.,

US 246