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Green Dot Sharpens Focus on Banking; As Covid Fades, Digital Bill Payment Remains Popular; Plus Weekly Recap
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BofA’s Speedy Payouts Play; Ranking Bank Apps; Plus Weekly Recap
BofA’s Pay to Card Brings the Bank Into the Fast-Developing Market for Speedy Payouts
Bank of America Corp.’s decision to introduce fast payouts to consumer accounts globally brings a major financial institution into a market that is attracting increasing interest from an array of payments providers. Pressure for such services has grown more intense with the growth of the gig economy and recent needs …
Read More »COMMENTARY: From the Unbanked to the Digerati, Banks Must Decode the New Payments Landscape
Amid one of the greatest crises in a century, the way we execute commerce and pay for goods and services has seen an acceleration that will be with us long after we return to some semblance of normalcy. The Covid-19 pandemic has accelerated by five years or more the adoption …
Read More »Fiserv To Enable PayPal QR Codes; GoCardless Launches Instant Bank Pay; Mazooma Adds Real-Time Payouts
Payments 3.0: What Happened to the Underbanked?
About 24 million American households have dropped out of the payments scene since 2017. The group once known as “underbanked” Americans has disappeared. To understand where they went, a bit of history is in order. In 2009, the Federal Deposit Insurance Corp. began doing surveys of American households every two …
Read More »Visa’s Move ‘Beyond the Card’; PayPal Adds Crypto Acceptance; Walgreens Banks on InComm
Intuit Sues Mastercard, Visa Over Interchange; Green Dot’s Bank Soars; NMI Acquires USAePay
Eye on P2P Payments: MoneyGram’s Digital Business Grows 79% And Zelle Finds Another Bank Home
MoneyGram International Inc. reported its digital business generated $57.4 million in the fourth quarter, up 79% year-over-year. Real-time transfers via Visa Direct transactions grew 650%. Meanwhile, Rising Bank, a division of Midwest BankCentre, has added Zelle, a person-to-person payments service, to its product roster. Dallas-based MoneyGram said MoneyGram Online, its …
Read More »Juniper’s FedNow Rationale; Digital Payments a Banking Priority; AmEx Wants To Boost Takeout Orders
