Millennials aren’t yet sold on mobile payments, but banks can start singing their tune with loyalty perks and speedier transactions.
Although interest in digital payments increases rapidly, the use of old-fashioned cash is likely to persist for a good while longer.
If rising interest rates do indeed become the ‘new normal,’ community banks should consider reviewing their strategies for loan/deposit re-pricing, bond/wholesale funding and the use of interest rate derivatives.
Direct Insite won the Payments Innovation Track award at BAI Payments Connect 2015 for developing a product that helps banks trim their accounts receivable costs.
Real-time payments are feasible in the U.S. based on lessons learned in the U.K., according to BAI Payments Connect 2015 speaker Ann Caple.
Lessons learned while introducing remote deposit capture (RDC) services can help bankers handle the auditing requirements for mobile RDC.
Bankers may dismiss digital currencies like Bitcoin as a serious challenge, but what if this is the disruptive threat that goes mainstream?
In today’s inverted world of bank accounts, consumers can earn higher yields on online checking accounts than on savings or business accounts.