Federally insured credit unions can team up with third-party digital asset providers and keep members who want to explore this asset class within their ecosystem.
Digital currencies are coming soon to a country near you: Mexico introducing a plan to launch a Central Bank Digital Currency is only the latest development in the fast-developing market for digital currencies.
A Bankrate survey found it’s the main reason why US consumers don’t switch their accounts to another bank. Regulatory action could help, but marketing and product differentiation remain critical.
Cryptocurrency needs to fix its public relations problem: Visa’s study of the five types of crypto-aware consumers suggests negative impressions of cryptocurrency could be the default before they become more informed.
Southeast Asian neobank could gain traction with SMBs: Singapore-based YouTrip is expanding to businesses, with a corporate card as its inaugural product, and is well-positioned to benefit from the region’s abundance of smaller businesses.
The etailer may be trying to negotiate a better deal on the billions of dollars’ worth of card fees it pays each year.
The etailer is taking a more aggressive approach after imposing surcharges in Australia and Singapore.
Digitization is disrupting the B2B payments space, the largest addressable payments market. As the industry evolves, there will be a substantial opportunity for payment providers to meet changing preferences and capture market share.
Canadian mobile penetration and bank access have created a high-potential environment for both proximity and peer-to-peer mobile payments. But entrenched payment habits and monopolization have created a slow growth environment that will force providers to adapt.
Both card networks reported quarterly gains and could see an even bigger bump in Q4 thanks to upcoming holiday shopping and new products.
As technology continues to accelerate and transform the financial sector, Visa saw an opportunity to reintroduce itself to the world with a campaign highlighting its role in facilitating global commerce. Watch Industry Voices: Spotlight on Financial Services with Visa executive Frederique Covington Corbett, PhD, to hear her thoughts on cryptocurrencies, "buy now, pay later," economic inclusion, and more.
Cash-back credit cards could make themselves more appealing to prospective customers with a few key features.
The card network introduced rewards from popular brands like Shipt, Skillshare, and Sofar Sounds across all its cards, including its ultra-premium Visa Elite cards.
Although BNPL is flourishing, intensifying competition might push providers into new global markets and sectors outside of traditional retail to sustain their growth.
Visa reported a 34% YoY rise in payments volume in its fiscal Q3—and its recent moves in the BNPL, cryptocurrency, and cross-border payments spaces can help it maintain its trajectory and build market share.
Currencycloud provides API-based foreign exchange banking and payments services and can help Visa strengthen its position in the cross-border payments market.
The network’s $1 billion crypto-related spend total in H1 2021 points to an effective growth strategy—and serves as a harbinger of what’s to come.
Mastercard will bring FinGo’s vein-scanning payments solution to more markets, and Visa is working on a biometric authentication solution for online transactions with the UAE’s Abu Dhabi Islamic Bank.
Visa invested an undisclosed amount into biometric authentication startup LoginID and Amex linked its fraud detection system with platforms from Accertify, Microsoft, and Riskified.
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