Plaid to Expand Data Coverage to Small Business Banking
As lenders increasingly turn their attention to the small and medium-sized business segment, Plaid is launching a solution designed to provide better access to data. The company’s Transactions for Business platform builds on Plaid’s existing infrastructure, originally developed to parse consumer transaction data. By shifting this model for small business clients, the platform will allow […]
As Germany’s Cashierless Stores Boom, Could They Thrive in the U.S.?
Since the opening of Germany’s first modern cashierless store in July 2019, unmanned smart stores have rapidly expanded, with around 600 locations now operating across the country. In just six years, retailers have introduced several different autonomous formats, with the largest share—around 270 stores—found in rural areas, according to a study from Stephan Rüschen, a […]
Fear and Friction in Cross-Border Payments: The Alternative to Correspondent Banking
As digital connections have fostered a global community, the demand for cross-border payments has surged. And yet, the cross-border payments paradigm—where correspondent and intermediary banks work with originating banks to process payments—has remained largely unchanged for the past 50 years. In a recent PaymentsJournal podcast, Gary Palmer, President and CEO of Payall Payment Systems, and […]