Consumers have noticed this uptick after identity fraud losses topped £15.3M last holiday season. Many are on board with using biometric data to speed up the process.
It partnered with merchants and mobile wallets to offer customers coupons and discounts across select markets in Asia-Pacific and Europe.
On today’s episode, we discuss the use cases for real-time payments and where the service is headed. In our “Headlines” segment, we dive into embedded finance developments. In “Story by Numbers,” we break down numbers that highlight the use cases for real-time payments for enterprises and consumers. Our final segment explores the Federal Reserve’s pending launch of FedNow and how it will coexist with The Clearing House's real-time payment network. Listen in as host Rob Rubin welcomes Ulrike Guigui, executive vice president, head of enterprise payment strategy at Wells Fargo, and Sandra Nudelman, head of consumer data and engagement platforms at Wells Fargo, to the conversation.
New rules for FDIC insurance representation on digital channels include specifying that crypto assets are not deposits.
The interest-bearing accounts can help Wise compete with money transfer rivals, but it might struggle to get mainstream adoption.
The large sums that flowed out of Binance this week caused some in the community to question whether its collapse would end crypto altogether.
Central bank Gov. Philip Lowe outlined four goals and initiatives to help improve Australia’s payments system.
Bank of America is giving consumers the capability to seamlessly switch between its AI-powered chatbot and a human agent.
Cost challenges associated with a new reimbursement policy have spooked community banks—but customers’ love for the service could make it hard to shed.
The government hopes sweeping changes for Britain's banks will give the sector a lift. But it could expose lenders to more risk.
Visa has recorded double-digit increases in global friendly fraud incidents so far in 2022—a concerning trend for merchants and issuers.
We delve into six trends to watch as banks fight for top-notch employees from an ever-shrinking talent pool.
The retailer’s reported plans to launch its own BNPL product through its fintech, ONE, could help boost customer spending.
They’re saving in accounts at bigger banks and avoiding other high-yield options. It’s not clear if that’s brand loyalty or inertia.
The expanded partnership with Mastercard can help Paysend serve more customers and compete more aggressively.
In a first, 62.1% of adults in the US will use mobile banking, surpassing the 61.5% who will use in-branch banking, per our forecast. This is a marked shift from 10 years ago, when 78.8% of adults used bank branches and 18.6% used mobile.
Major bank executives are now more united in predicting a recession next year, but the degree is uncertain.
It will use Mastercard’s Track Instant Pay solution, which automates B2B payments, to attract new business.
They aren’t too far off, but they’ll need to overcome a few challenges and implement new ways of banking.
A growing number of migrants in the US and a lack of formal remittance channels are creating an opening for US-based remittance firms in the country.