A CBDC Could Be the Foundation of India’s Future Economy
India has been at the forefront of adopting emerging payments, and recent comments from a central bank official suggest that a central bank digital currency (CBDC) could play a vital role in the country’s future economy. The remarks were made during a farewell speech by Shaktikanta Das, the governor of the Reserve Bank of India. […]
Nacha’s Smarter Faster Payments Conference Is an Industry Who’s Who
The payments industry has seen such rapid growth and dramatic technological advancements in recent years that conferences have become a crucial way to stay connected to the pulse of the space. There are few bigger industry events than Nacha’s Smarter Faster Payments 2025, which will kick off in New Orleans next spring. In a recent […]
CFPB Aims to Reduce the Financial Impacts of Domestic Violence
The Consumer Financial Protection Bureau has proposed rules designed to reduce the impact of coerced debt on victims of domestic violence and elder abuse. In many cases, abusers manipulate or intimidate their spouse or family member into applying for credit cards or loans. Abusers may open accounts in the victim’s names without their knowledge, coerce […]
Small Banks Still Struggling with Credit Card Delinquencies
Despite an improving economy, credit card delinquency rates have remained persistently high over the past couple of years. Following the pandemic, delinquency rates initially dropped as the economy recovered, reaching a low of around 1.5% in 2021. However, this figure has since climbed to 3.2%—the highest level since 2012. Even more worrisome is the disparity […]
Payments Modernization Can’t Be Delayed Anymore
Money 20/20, one of the largest financial conferences in the world, has become a must-attend for payments, fintech, and banking professionals. This year, hot topics included instant payments, cross-border payments, and the integration of AI into fintech. However, the acceleration of payments innovations has also caused a decided shift in the show’s tone. In a […]
What Attracts Co-Branded Credit Card Applicants?
Co-branded credit cards have become a powerful tool in the financial and retail industries, offering a blend of targeted rewards, brand loyalty incentives, and exclusive perks that appeal to a broad range of consumers. These cards, created through partnerships between financial institutions and retail, travel, or lifestyle brands, attract applicants by aligning their benefits with […]
Alternative Payment Methods, Including BNPL, Fuel Holiday Sales Growth
Early insights into holiday shopping trends show a growing movement toward emerging and alternative payment methods. As consumer spending data for Black Friday and Cyber Monday trickle in, buy now, pay later (BNPL) plans, in particular, continue to ascend in popularity. According to Adobe Research, BNPL companies have processed over $9 billion in purchases since […]
Rules Designed to Mitigate Fraud Could Impact Small Business Owners
New U.S. Treasury Department regulations set to take effect next year aim to keep criminals from using businesses as fronts for fraud or money-laundering. The rules represent the realization of the Corporate Transparency Act, which was passed several years ago, which requires over 30 million U.S. small businesses and corporations to submit a Beneficial Ownership […]
How Financial Institutions Can Change the Paradigm for Cross-Border Payments
The correspondent banking system that has been the framework for cross-border payments for decades has become inadequate to meet the demand for global remittances. However, with so many technology solutions available, many financial institutions might be unsure how they can participate in the growing cross-border payments segment. In a recent PaymentsJournal webinar, Gary Palmer, CEO […]
On Me Secures Mastercard Partnership for Tailored Digital Gift Card Platform
On Me has signed a five-year deal with Mastercard and secured $1.7 million in venture capital to build out its personalized digital gift card platform. Unlike the traditional single-store gift card model, On Me’s platform centers each gift card around a particular interest or hobby. For example, a recipient could use a “Running, On Me” […]