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When it comes to the speed of payments, consumers used to be satisfied with just real-time confirmation of a person-to-person (P2P) transaction and the promise that funds were on their way. This isnt necessarily the case anymore, and the social implications associated with payments are driving the shift in demand.
June 1
Early Warning -
Coin-counting machines came into vogue in the 1990s when Commerce Bank started installing "Penny Arcades" in its branches throughout New Jersey. They were a huge hit for a while, but banks have soured on the machines in recent years as usage declined and maintenance costs increased.
May 27
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Well before the mobile payments explosion, incumbents were already focused on how to respond to nonbanks "piggybacking" on banks' payments infrastructure. As the consultant behind a 1994 banking industry report on the threat put it, "there is no time for delay."
May 27
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Credit union strategists and economists share perspectives on where the economy is heading and, more importantly, what credit unions should be doing right now to be ready for almost anything.
May 26 -
ALEXANDRIA, Va. -- Low-income credit unions seeking Community Development Revolving Loan Fund assistance should give themselves sufficient time to file their applications, the National Credit Union Association said Thursday.
May 26 -
Financial services technology provider FIS is providing UnionPay prepaid cards for U.S. consumers traveling to Asia.
May 26 -
Keystone Federal Credit Unions members overwhelmingly approved a proposed merger with TruMark Financial Credit Union on Wednesday.
May 26 -
In the ongoing melee between the two major players, strong authentication has been put on the backburner in favor of the respective economies of implementing chip card technology.
May 26
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New research findings challenge common assumptions about borrower behavior, illustrating how trended data something mortgage lenders will soon be required to collect could be a game-changer.
May 26
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As more mobile apps and businesses push plastic payments to the background, they also give prepaid card accounts a chance to reclaim the spotlight.
May 25
