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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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

If You Use Venmo the Good Way, Your Life Will Improve

“So the next time one of your friends is feeling sad—this should only take 30 minutes or so—try sending them a little treat in the form of a small-sum Venmo. They’ll feel good. You’ll feel good. And when we’re all feeling good, that’s when we rally together, high off selflessness or selfishness or some blend […]
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Opinion

Innovate & Differentiate for True Financial Inclusion: Sachin Bansal

“2020 once seemed futuristic enough to envision transformation at scale, yet close enough to set as a target and hit goals. As 2019 draws to a close, Mint invites corporate leaders to share their vision for the next decade. Sachin Bansal, co-founder and CEO, Navi Technologies, co-founder of Flipkart and technology entrepreneur, shares five ideas […]
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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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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

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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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

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

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), […]