| Credit Unions Find Friendly Ground With FinTech Firms Consumersâ lives are becoming more digitally focused, which means credit unions (CUs) are feeling the pressure to raise their level of services across channels. With 79 percent of CU members willing to leave for access to faster, more convenient experiences, the pressure mounts. However, PSCUâs SVP of Product Denise Stevens tells PYMNTS that, for all the disruption FinTech firms have brought to financial services in general, they arenât an adversarial force for CUs, but potential partners. Hereâs why. |
| Can Legal Pot Thrive With Closed-Loop Payments? Legal marijuana sales are growing, but this new area of legitimate retail is still dominated by cash â presenting security and tax-avoidance issues. Now, Nevada hopes to find a fix for the problem â caused by contradicting federal and state laws â via a new closed-loop payments system. Can it work well enough to be imitated in other states, though, or will banks and card networks soon be able to join the game? |
| For FI Account Openings, Serving The âSegment Of Oneâ The relationship between FI and consumer can be over before it begins â if the onboarding process is onerous and friction-filled. Feedzai Chief Product Officer Saurabh Bajaj tells PYMNTS how continuous risk assessment smooths the process and allows firms to serve the âsegment of one.â |
| | Faster Payments Tracker™ | | Payment Apps For When The Marriage Is Over When divorced parents have to get together to exchange cash for kidsâ braces and summer camp, it can be a fraught experience. Yet, settling childcare expenses via a mobile app can expedite payments, without the drama, says Laura MacMahon, president of Family Plan, a divorced parent-focused payments app. In the new Faster Payments Tracker, she discusses how the app's reimbursement features can track and negotiate payments, without letting tensions flare. |
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