Latest Mobile Pay Stats Aren’t Pretty | Overdraft Fees Hit $15B In 2016 | Blue Apron Slashes Workforce

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#KillTheCheck Podcast Series

A Brave New World Of (Push) Insurance Payments

Insurance companies serve as critical safety nets for people and businesses, but most are still playing catch-up when it comes to the speed and experience of paying claims. What will it take to get the behemoths to kill the check and get with the digital program? Ingo Money CEO Drew Edwards tells Karen Webster how they can shorten the claims payout process — for real — in the latest installment of our “Kill the Check” series.

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PYMNTS Topic TBD

Western Union’s P2P Partnership Push

How does a 166-year-old company compete with the new FinTech startups? By partnering with the “Tech” guys who want to put the “Fin” in their offering, Western Union’s Chief Technology Officer David Thompson says.
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PYMNTS Data Dive

Prosper Falls, Uber Gets Credit And Charge-Offs Keep On Climbing

Summer is winding down, yet somehow payments and commerce always manage to keep things hot. Last week we learned that the less than prosperous Prosper Marketplace is likely to take a big valuation haircut, and Uber and Lyft want their own credit cards — just in time for credit card defaults to reach four-year highs.

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What Walmart Pay Knows That Apple Pay Doesn’t

The latest PYMNTS/InfoScout mobile payments adoption stats are in — and it’s now pretty clear, Karen Webster says. After nine quarters of asking thousands of consumers why (or why they didn’t) choose Apple, Android, Samsung or Walmart Pay to check out in a physical store, consumers don’t seem that interested in a new way to pay at an old checkout experience in a store. That spells trouble if you’re Apple Pay — here in the U.S. Webster says, and probably in China and India too. But maybe not if you’re Walmart Pay, where usage has, in just one year, comethisclose to levels that it’s taken Apple Pay three years to achieve — but not consistently maintain. We have all of the details (and lots of charts, too).

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