In 2020, debit-card spending outpaced credit-card spending for the first time in 16 years. How can financial institutions keep that momentum going?
In this month’s Executive Report, BAI looks at the payments landscape and shares insights on emerging methods, technologies and competition.
Corporations are eager to further digitize their payment systems. But what can be done for processes that still rely on paper-based checks? Michael Reed from Deluxe answers BAI’s questions.
Focus your efforts where bank and credit union customers engage the most: mobile and digital channels.
The shift is fueled in large part by rising consumer expectations around faster transactions, driven by digitalization during the pandemic.
Keep employees and clients current on e-signatures, which have allowed banks and credit unions to continue their core services when in-person appointments are not an option.
The prospect of billions of dollars in new deposits is one reason. But what has really piqued banks' interest is a recognition that the future of payments is digital.
Banks and credit unions can capitalize on the explosion in global e-commerce with efficient and secure systems that help business customers make and receive international payments.
Discover why sending local currency at the beginning is a simple solution that helps meet changing customer expectations, boost your financial institution’s bottom line and strengthen retention rates. Learn More >
Join us for this discussion with Rossana Thomas, Vice President Product Management of Fiserv and Gareth Lodge, Senior Analyst from Celent as they share insights from their recent research report on payments modernization.
Taking a page from the fintech playbook can help acquire new customers, increase revenue and strengthen client balance sheets.
Why the convenience of instant replacement is an important trick to have up your sleeve as the in-branch experience evolves.
The move to digital has heightened demand for immediacy across the economy, and this includes moving money from Point A to Point B.
Payments are the lifeblood of any business. The ability to remit and receive monies impacts everything a business does from cash flow and hiring to credit, investment and expansion. And as businesses grow, many look to Read More
Payments modernization in 2021 needs to go beyond payments system consolidation to a single open platform that focuses on the unique transaction experience provided while achieving scalability through vendors and commoditized solutions. This approach to orchestrated Read More
The pandemic's impacts may lead to greater financial inclusion but will require new standards to stop fraud and safeguard consumers’ money.
A clear vision of your goals and getting the right stakeholders involved are critical to shaping your approach and realizing the expected returns.
The retail payments business is transforming. Financial institutions face diminishing profitability of their payments and businesses, and increasing competition from new companies. This makes it necessary to reevaluate current infrastructure and payments capabilities. Aite Group assessed Read More
Customers will take care of some of their holiday spending bills with bank bill pay. But has the service kept pace with other digital updates? BillGO's Dan Holt discusses the current state of bank bill pay and why it should get a makeover.