Scaling the debit card is one of Affirm’s main goals as it tries to drive in-store growth and snag interchange revenues
Showing card account info takes away an important touchpoint for banks and puts Apple at the center of the relationship
It can use the tie-up to tap $65 billion in annual payments volume—and use open banking to transform the sector
Financial institutions will need to jump through some hoops to attract these young adults and build long-term relationships with them.
The P2P platform faced scrutiny from lawmakers and the media about fraud, which has been a major pain point for adoption
More card programs are innovating with a subscription model to bolster revenues without raising interest rates or late fees
It makes splitting group payments more convenient and can help invigorate digital wallet activity
On today’s podcast episode, we discuss the future of the bank branch. • In our “Headlines” segment, we chat about why banks are closing so many branches and how consumers want more digital experiences. • In “Story by Numbers,” we explain what Curinos defines as branch share and why it used to account for more primary new accounts than it does today. We also discuss the value of closing a branch in order to save operating expenses in a low-rate versus high-rate environment. • In “Pretend CEO,” we look at regional banks and their deposit portfolios in a high-rate environment. Listen to the discussion with host Rob Rubin and Curinos director Andrew Hovet.
Its growth and cost-cutting measures brought the BNPL fintech its second straight profitable quarter. And it’s projecting full-year profitability for FY 2024
The bank is moving away from the consumer market where the GM program is its last big partnership
Following TrueLayer’s partnership with Stripe, the two tie-ups will propel the company’s growth
The FTX founder will face the consequences of his illegal crypto dealings—but how does publicity around the trial affect the financial services industry?
Banks that abruptly close customer accounts without clear explanations lose business and trust in their brands.
The partnership can help PayPal grow its processing volume as it leans on the platform for growth