News Topic: Digital payments

We know banks don’t like failure. But what is lesser known is how their reluctance is all to do with banking's compliance culture. ... Read full article

While banks know they must develop and launch new tools that are useful, convenient and intuitive, figuring out which tools meet that objective and employing them often seems out of reach. ... Read full article

Banks are being pushed into the background of popular digital experiences. But they can reappear on interfaces that customers use daily by doubling down on financial wellness efforts. ... Read full article

New entrants don’t pose a disruptive threat to the incumbent cohort of issuers, credit card networks and acquirers primarily because the incumbents — Visa, Mastercard and First Data — are prepared to compete in all segments of the market. ... Read full article

Readers react to the CFPB’s final arbitration rule, a new potential hurdle for initial coin offerings, a housing finance reform proposal and more. ... Read full article

A big part of the reason banks find it tricky to attract millennials is that not all millennials are attracted to the same thing. ... Read full article

Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future. The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online ... Read full article

Announcing that a formerly free product or service will now cost money exposes banks to reputational risk. But the process doesn’t have to end in customers getting angry. ... Read full article

Before banks replace their core systems — which are largely homogeneous in the U.S. — they should work on ways to deliver convenient and engaging digital services for each of their channels. ... Read full article

Agency rule would make it easier to sue banks, but Congressional Republicans likely to fight it; Trump nominates Randal Quarles as Fed’s vice chair for supervision. ... Read full article

In order for Apple to achieve significant success with its upcoming P-to-P service, the tech titan needs to expand the amount of people who can use the payments feature. ... Read full article

The Consumer Financial Protection Bureau proposed further changes Thursday to its final rule on prepaid cards and is seeking public comment on whether to delay implementing it a second time. ... Read full article

While banks are in various stages of development when it comes to distributed ledger technology, the industry is farther along than many would assume, big-bank technology executives say. ... Read full article

The username and password are dying. Only biometrics can unify the age-old opposing forces of user experience and digital security in replacing an antiquated method. ... Read full article

Physical cash is likely to have utility for years to come. If it passes away, better the death blow comes from superior commercial payment systems than government edict. ... Read full article

The Treasury secretary says the Trump administration doesn't support separating commercial from investment banking; wealthy neighborhoods are designated as low-income, benefitting banks with branches there. ... Read full article

Once millennials and tech-oriented consumers become the majority of banks’ customer base, disruption will cease to be just a threat. It will be a fact. ... Read full article

Using a program built by Ripple, BBVA has transferred about 50 euro-denominated payments to Mexico from Spain in seconds. Such transactions normally take up to four days to clear, the bank said. ... Read full article