Ä¢¹½AV

This could not only impact its market share in the debit card industry and cut into its margins—it may also hurt Visa’s brand in the court of public opinion

P&C insurers haven’t seen a market as hard as this one for a generation. Those willing to rework their business model from a reactive to a more proactive approach stand a better chance of returning to profitability.

The actor’s appeal across generations can help attract users for the company’s debit card and in-store offerings

But few do because they’re concerned about implementation costs and customer uptake

And we even saw that with mobile payments, right? Mobile payments in a big way really hit the seed in the US in 2014. That's when Apple Pay launched. But customers didn't really start to warm up to them until 2019 and it was only in 2020 and 2021 that we saw adoption get closer to a critical mass. This is going to be similar and could maybe even be a bit slower. Sky Canaves:.

And emerging methods hold significant opportunity: Consumers increasingly want to use proximity mobile payments and buy now, pay later, while account-to-account payments can reduce SMB costs relative to card payments. Mobile point-of-sale (mPOS) and software POS (softPOS) technology could attract a wider ambit of SMBs and tighten integrations.

Expanding into healthcare payments can help invigorate growth for BNPL players as user growth slows

Users can now add their US passports and more transit cards to their wallets, and Google is getting more companies to accept these passes

Other behaviors US adults avoid include opening emails (47%), using mobile payment apps (42%), and shopping online (26%). Use this chart:. Assess the cybersecurity threats facing North American consumers. Understand consumer hesitation to clicking on ads or sharing personal information. More like this:. Will there be a federal privacy law?

Apple’s credit card, BNPL product, and savings account put it in direct competition with financial services incumbents. With 130.1 million US iOS users loyal to its unsurpassed UX and dominant digital platform, the threat will only grow.

The contrasting global smartphone market: North America is caught in the thrall of the Apple and Google smartphone duopoly that is focused on handsets but extends across ecosystems including wearables, fitness, entertainment, and mobile payments.

Block has been working to grow Cash App Pay, but the buy button still trails competitors

The final version of the Consumer Financial Protection Bureau’s Section 1033 rule clarifies how financial institutions and apps must protect and share customer data.

This year will be a litmus test for trying new things. Payments incumbents that embrace change on their own terms will emerge stronger than before.

Buy now, pay later (BNPL) payment value will rise 14.8% annually from 2023 through 2027, as BNPL fintech leaders adapt to a maturing market by diversifying product offerings and harnessing demographic trends.

Its full rollout has been a long time coming. Now, it needs to expand its merchant network before it can really take off

To overcome account opening headwinds, credit card marketers can explore credit card subscriptions, net worth data collection, and wallet-first cardholder experiences.

The digitization of the store—retail’s next megatrend—will transform the shopper’s path to purchase and industry economics for retailers and brands.

It could eventually force Apple to open up its NFC capabilities to other mobile wallets, disrupting industry dynamics

Small and medium-sized businesses will account for almost half of the $35 trillion B2B payments market this year. They have been slow to digitize, handing B2B payment providers a unique set of needs to address.

Dramatic shifts are in the works for 2024, as BaaS, social media players, genAI, and new digital wallets reshape the banking landscape. Our top trends explore what’s in store.

Showing card account info takes away an important touchpoint for banks and puts Apple at the center of the relationship