Payments News
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Opinion

Visa, Plaid, Networks, and Jobs

“It’s easy to forget just how many things a business that takes credit cards does not need to do: it does not need to extend credit, it does not need to collect payment, it does not need to handle excess amounts of cash. It does not, as Nocera noted, need to have much back office […]

On The Web

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Opinion

Every Company Will Be a Fintech Company

“In the not-too-distant future, I believe nearly every company will derive a significant portion of its revenue from financial services. In this post, I’ll delve into the infrastructure that’s enabling this transformation and, more importantly, how that’s going to fundamentally change banking as we know it. Every company, even those that have nothing to do […]
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Opinion

Deutsche Bank Research: “The Plastic Card Could Be on Its Way Out Over the Next Decade While People Will Still Be Paying With Humble Notes and Coins”

“Many ‘decade ahead’ predictions prove unreliable. And Deutsche Bank admits this special edition of Konzept cannot be a perfect crystal ball. Regardless, the bank presents 24 contrarian ideas for how the 2020s may evolve because they believe it is best to be prepared for the unexpected themes that may arise over the coming decade. „After […]
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Global

Opinion: Canada’s Sub-standard Payments System Is Only Supporting the Incumbent Banks, Not Canadians

“As a course correction, Finance Canada must seek legislative amendments to the Canadian Payments Act authorizing paytech companies as eligible members of Payments Canada and enshrining competition as a stated public policy objective for the payments system. Furthermore, the Minister of Finance should issue a directive to Payments Canada requiring the completion of the proposed […]
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Opinion

Banning Cashless Stores in New York Won’t Fix the City’s Deeper Problem

“New York’s ban has at least highlighted a critical issue: A surprisingly large number of Americans still don’t have a bank account. Around 11% of New Yorkers are bankless , and some 22% use alternatives like check cashing stores, according to the Department of Consumer Affairs. In the US overall, about 6.5% of households (pdf) […]
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Opinion

Most Consumers Don’t Trust Mobile Payments. There’s a Way to Fix That.

“Only about half of millennials believe their bank’s mobile app is secure. While less than half of baby boomers have faith in mobile banking security, the majority are still “app-rehensive’” to begin using mobile banking, payment and financial services platforms. By taking steps to improve the security of their apps, and informing consumers about how […]
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Opinion

Stimulus Funds Should Be Delivered Via Mobile Payments

“Now is the time for governments to be promoting and employing mobile-based tools to assist families and businesses harmed by the pandemic. From mobile passports to re-admittance into normal life to mobile payment methods, mobile technology could be our best weapon in the fight against coronavirus. Delivering stimulus funds via mobile payments will help more […]
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Opinion

Corona Virus and the Money Transfer, Remittances and Cross-Border Payments Industry

“I guess everyone in the industry is asking themselves the same questions: How is the industry going to be impacted by the Coronavirus? Even if the industry was very resilient through the 2007-2008 financial crisis and the effects on the volume of operations were not as acute compared to other industries (and other financial sectors), […]
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Opinion

Who Needs Cryptocurrency FedCoin When We Already Have A National Digital Currency?

“The cryptocurrency enthusiasts are at it again, with a new name and even more ambitious goals than before: now they want a “national digital currency.” Hurry! The Chinese will beat us to it, and we’ll be left behind! Somehow, no one in the debate acknowledges the obvious fact that we already HAVE a national digital currency. It’s […]
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Glenbrook

Where Necessity Meets Innovation – Government Disbursement in the Time of COVID-19

“Given the coronavirus pandemic and its pressure on governments and individuals alike, Glenbrook’s Global Practice has been looking into how emergency social disbursements can be made quickly to the most vulnerable populations. In our examination, we found some exciting and hopeful examples of how governments and fintech players have mobilized to meet this need in both […]