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Posts in category "Payments"

08/30/2018

How Check-Savvy Are You? Basics to Keep in Mind

“Dear Gen Z, the small, rectangular piece of paper your parents are writing on and putting in an envelope is called a check.” Tongue-in-cheek? Yes and no. Many in this new generation, and in some respects, millennials, too, have never written a check. With many retailers no longer accepting checks as payment, digital payments now…

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08/09/2018

Sure, Bank Branches Are Declining – But Let’s Keep Things in Perspective

Here we go again. We can probably count on a replay of these headlines with every quarterly bank earnings release cycle. Here’s a recent one, courtesy of CNN: “Why Bank of America Branches Are Disappearing.” The article begins with the concise statement, “The future of banking is here- and it’s mobile.” I agree wholeheartedly with this…

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07/23/2018

Dear Diary – The Secrets of US Consumer Payment Choice

The Federal Reserve remains the go-to source for authoritative data on the US payments system. In most cases – such as with the Payments Study the Fed issues every three years – the data is gathered from financial institutions. Add some behavioral data collected directly from consumers into the mix, though, and things get really…

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05/24/2018

7 Benefits of Online Check Shopping Implementation

Is your customer able to order checks online? Are your customers able to easily locate and place an order on your mobile site? If your answer to either of those questions is no, you might want to spend some time looking at this experience from your customers perspective. It might seem like a bit of…

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05/17/2018

The Battle for Retail Deposits

A coffer filled to the brim with low-cost deposits … ah, those were the days. As anyone in banking will tell you, the days of free-wheeling deposit growth for community banks are grinding to a halt. The reason? The Federal Reserve made good on its promise to raise rates, and more are coming down the…

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04/11/2018

Checks Haven’t Checked Out. They’ve Evolved

When debit cards hit the streets in the ’90s, the mighty check saw its role in financial transactions diminish. Fewer and fewer retail outlets take checks these days, but they haven’t completely checked out, not by a long shot. They’ve just evolved and the latest data from the Federal Reserve might have some surprising results…

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01/23/2018

Money 20/20’s Recurring Themes Mirror FinTech Hot Topics

Money 20/20 offers a great opportunity to assess the pulse of the payments marketplace. With more than 11,000 attendees, it’s the largest annual conference for bankers as well as service providers in the fintech space- with a healthy dose of venture capitalists and startups as well. Increasingly, major players have also used the Money 20/20…

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