Mobile’s rise to the top banking channel is a given. Even so, banks can expand app menus and give customers more financial control.
New data visualization technology is enabling banks to capitalize on payments data that has historically been hidden away in databases and spreadsheets.
Moving to same-day ACH in the U.S. will cost banks on the front end but will lead to margin improvement over the long term.
Integrating new credit card systems into a payments hub provides a more agile and holistic payments processing capability.
The ACH network is poised to make major contributions to cross-border money transfers if formats can be standardized and fraud concerns ameliorated.
The implementation of the Durbin Amendment should spur greater urgency for upgrading the routing process for debit card transactions.