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

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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

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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

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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

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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.

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.,

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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

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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

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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

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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

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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.

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

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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

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U.S. Bancorp bets on corporate payments rebound

Payments Source

Bank Faster payments Earnings U.S. Bancorp

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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 116

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.

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

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.

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

Payments Source

Bank Digital currencies

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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.

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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.

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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.

Revolut, Cross River link up to offer US consumer loans

Payments Dive

Customers who use the personal loan offering, which will be available in the coming months, won't be subject to late fees, origination fees or prepayment penalties, neobank Revolut said

US 212

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.

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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.

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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.,

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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.

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Mastercard sees contactless acceptance triple in U.S., Brazil

Payments Source

Contactless payments U.S. Brazil Mastercard

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US Treasury Tells Banks To Treat Hemp Businesses Like Any Other

PYMNTS

In updated rules from the Financial Crimes Enforcement Network ( FinCEN ), the U.S. Retail AML Banks financial regulation FinCEN hemp know your customers Marijuana News Regulator US Treasury What's Hot

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How open banking can transform the U.S. payments market

Payments Source

Fintech Compliance U.S. banks and payment companies are looking to Europe's example to see how open banking can push the market beyond its reliance on credit and debit cards. European Union Fintech regulations

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Q4 2021 US credit card issuer snapshot

Accenture

The post Q4 2021 US credit card issuer snapshot appeared first on Accenture Banking Blog. Key themes Receivables growth has started to gain momentum, though payment rates remain elevated, with most issuers reporting high single-digit/low double-digit QoQ and YoY growth.?

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U.S. Bank aims to beat fintechs by digitizing supplier payments

Payments Source

Fintech U.S. Bank B-to-B payments U.S. As the pandemic transforms the way corporations pay suppliers, many banks are watching nimble fintechs rush in with streamlined solutions customized for remote workforces. Bank didn’t want to risk getting cut out of that equation.

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U.S. Bank Debuts AP Optimizer In Bottomline Collab

PYMNTS

AP Optimizer is a big win for our customers and is part of our strategy to provide an integrated offering to manage accounts payables,” said Jeff Jones , head of Corporate Payment and Treasury Solutions for U.S. With AP Optimizer, the release stated, U.S.

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No Candy: Godiva To Close US Stores

PYMNTS

Godiva, the maker of high-end chocolates that significantly expanded its U.S. retail presence in recent decades, is reversing course and closing all its North American brick-and-mortar locations, according to numerous online news sources citing a company statement.

US Business Activity Expands In January

PYMNTS

Operators of U.S. Among what IHS Markit called in the release its “flash” findings for January 2021 are: the Flash U.S. in December; the Flash U.S. in December; the Flash U.S. in December; and the Flash U.S. One reason inflation is important is that the U.S.

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Fed's Powell lists 4 qualifications for a US CBDC

Payments Dive

A digital dollar must ensure user privacy, be "identity verifiable," be "intermediated" and be widely accepted as a means of payment, the central bank chief said Wednesday during a panel discussion hosted by the Bank for International Settlements

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