According to a new survey by KPMG LLP, nearly a quarter of bankers believe that “underbanked” customers—those who use only basic checking services—represent the biggest growth opportunity for their firms. This result nearly doubles results from one year ago, when only 12 percent of bankers...
From a leading card network’s digital ambitions to greater clarity on a social network’s payment strategy, this year’s earnings season has produced lots of interesting insights for folks in the payments industry. To bring it all together, PYMNTS.com has summarized what we’ve learned so far...
How can banks remain relevant with SMBs? By enabling innovators that solve their biggest payments, billing and banking problems. This may sound like heresy to a traditional banker but that’s the strong medicine that the industry has to take in order to serve SMBs. It’s...
Competing with disruptors is out and embracing disruption is in, says Capital One’s Head of National Small Banking and Digital Platforms Brian Hamilton. He told MPD CEO Karen Webster that FIs are wrong to think any differently and innovators are wrong to think that FIs...
There are lots of options for SMBs to embrace new technologies to manage their accounts receivables, payments and invoicing. But as far as technology has come, most smaller businesses still use paper and manual processes to collect outstanding receivables. But why?
Now we know. Visa plans to be as dominant in the digital world as it is in the physical card world today. Charlie Scharf, Visa’s CEO, laid out Visa Digital Solutions, to the world during yesterday’s quarterly earnings call also acknowledging that Visa needs to...
Starbucks reported a strong Q2 performance, with revenue up 11 percent, a 23 percent increase in quarterly profit. Mobile payments were a particularly strong performer for the company, contributing 15 percent of total quarterly revenue. Get the Full Story Complete the form to unlock this...
ATM networks have joined together to create global defense solutions to fight potential breaches, according to ABA Banking Journal. Together, Diebold, Inc. and Wincor Nixdorf AG will start an industry association to improve ATM security. Get the Full Story Complete the form to unlock this...
As it turns out, even Amazon has to turn a strong profit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
