payments

Small banks deemed ill-prepared for coming payments revolution

06/30/17

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey.

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What the Amazon-Whole Foods deal means for banking

06/16/17

The $13.7 billion acquisition could have significant implications for swipe-fee revenue and other grocers' in-store branches. It also raises the question of whether the Seattle e-commerce Goliath will soon set its sights on the financial services industry.

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Financial firms should fear, but also admire, Amazon’s rewards program

06/15/17

Amazon’s new Prime rewards program is the latest way the tech titan is cultivating a loyal use base. To retain and engage customers, banks should follow Amazon’s lead and layer in more value-added services.

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Better isn’t good enough in improving global payments system

06/13/17

Payments professionals have done too little to leverage transformational changes in technology to improve the overall client experience.

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Chase outage knocks out payments service for customers nationwide

05/11/17

The glitch primarily affects payment services, including bill pay and QuickPay, the company’s peer-to-peer service.

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Ripple vs. Swift rivalry heats up; banking may be ultimate winner

04/26/17

The global messaging network Swift and its fintech challenger, Ripple, have been vying for bankers’ hearts and minds for more than a year. Whoever prevails, their latest moves could bring needed change to how international banking is done.

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First Data joins SVB's fintech accelerator

04/10/17

First Data is teaming up with the bank to deepen the pool of knowledge and connections from which startups in the program can benefit.

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The anti-Venmo? Banks' p-to-p payment product eschews social ‘sharing’

02/21/17

When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.

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Bancorp, continuing cost cuts, to sell European payments line

02/10/17

The Delaware company is also close to completing a compliance program to address anti-money-laundering and Bank Secrecy Act issues.

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Have the big banks finally cracked the code on P-to-P payments?

01/27/17

The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.

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