Carrier Logistics Launch Is a Case Study for Next-Gen B2B Payments
Although consumer payments have become increasingly digitized, many business-to-business transactions still rely on manual processes that add unnecessary friction. This dynamic is beginning to shift. Freight management software firm Carrier Logistics has introduced FACTSPay, an online payment tool designed to streamline invoice settlement for shippers. Currently, paying freight invoices—whether by credit card or ACH—often requires […]
The Young and the Restless: Marketing Credit Cards to 20-Somethings
The much-discussed uncertainty around student loans is having a spillover effect on other debts, such as auto loans. But the most vulnerable area is going to be credit cards, where delinquencies for 20-somethings have been on the rise. And this scenario is likely going to get worse before it gets better. As risky as younger […]
How Banking Alerts Can Reach Customers Who Are Bombarded with Notifications
As digital banking has evolved, financial institutions have acquired new ways to reach their customers. However, these communications are often less than meaningful. For example, a bank may send an email to notify a customer that they have a low account balance when many customers are already painfully aware of this fact. In the case […]
EU Plans to Link Its Real-Time Payments System with UPI
After highlighting the ongoing challenges in cross-border payments, the European Central Bank (ECB) is taking steps to link its instant payments system with India’s Unified Payments Interface (UPI). This integration was first proposed months ago, and after positive results from an exploratory study last month, the ECB is now moving forward with the realization phase […]
Holiday Season Brings Added Pressure for the Lowest-Income Borrowers
One concerning trend heading into the holiday shopping season is the rise in credit card delinquencies among the lowest-income households, even as consumers anticipate putting more spending on their cards. Since July, 60-day delinquency rates have climbed 11% year-over-year for lower-income households, according to data from VantageScore. Middle-income groups have seen a smaller increase of […]
The Rise of Smarter Cybercriminals Demands Stronger Fraud Defenses
Creating a synthetic identity used to be the realm of seasoned hackers, but now it can be done with a few simple prompts. Just as artificial intelligence has fueled countless business innovations, it has also been a boon for bad actors—allowing cybercriminals to commit fraud at a fraction of the cost and with greater sophistication. […]
Peru’s Instant Payment System Will Rely on India’s UPI
Peru plans to implement a real-time digital payments system based on India’s UPI sometime next year. Notably, Peru chose not to model its system after Pix, the highly successful payment platform adopted by neighboring Brazil. That choice may have less to do with South American politics or financial strategy and more to do with India’s […]
Mastercard Expands Agentic Commerce Efforts to UAE
The launch of agentic commerce platforms like Mastercard’s Agent Pay represents a new phase in how artificial intelligence is integrated into the shopping experience. Still, agentic commerce is far from ubiquitous, and Mastercard is now moving forward with plans to pilot Agent Pay in the UAE. These platforms aim to give users an AI agent […]
Why Student Loans Should Be a Touchpoint for Financial Institutions
As fintechs and digital-first banks have entered the industry, many financial institutions have searched for ways to reach new customers and build stronger relationships. Although many consumers have student loans and are concerned about their ability to repay, banks often neglect to address this critical aspect of their customers’ financial lives. In Student-Loan Debt and […]
Brazil Considers Taxing Crypto Cross-Border Payments
Much has been made of the potential efficiencies that stablecoins and other cryptocurrencies could bring to cross-border payments, but Brazil’s government also believes their use creates a tax loophole. According to Reuters, Brazil’s Finance Ministry is considering expanding the scope of its financial transaction tax to include certain cross-border payments made with digital assets. Under […]