| Card issuers cut credit lines, Starbucks trials Chinaâs digital yuan, Stripeâs John Collision on the art of authorization | | | Credit Union Innovation Playbook⢠|
| NEW DATA: How COVID-19 Is Driving CUs' Digital Leap As the COVID-19 pandemic impacts banking operations across the U.S., credit unions (CUs) are innovating to digitize their products and services. Two-thirds of CUs are prioritizing voice assistant innovations, and half want to develop new peer-to-peer (P2P) offerings. But which innovations will their members actually use? PYMNTSâ Credit Union Innovation Playbook: New Payment Flows edition surveys 4,000 consumers, CU leaders and FinTech executives to learn which four products CUs must prioritize as they make the digital leap. |
| Why AIâs Early Adopters Are Laser-Focused On Credit Risk And Payments The share of banks that use artificial intelligence to improve credit underwriting has nearly tripled in the past two years, yet the vast majority of financial institutions still rely on legacy systems for underwriting and other vital operations. In the Unlocking AI Playbook: Credit Risk And Payments Edition, PYMNTS taps the insights of 150 bank executives to reveal how AIâs early adopters are learning to put the technology to work â and what they think is holding other banks back. |
| Whatâs Next For PPP: A Banker, An SMB And A FinTech CEO Weigh In The Paycheck Protection Program has been a lifeline for SMBs despite its many problems, according to our expert panel of community banker and CEO of Planters First Bancorp Dan Speight, Ingo Money CEO Drew Edwards and Walker Insurance Agency CEO Larry Walker III (whoâs also a Georgia state senator). But what was On The Agenda in this weekâs live roundtable with Karen Webster was that the PPP funds are just a starting place. Hereâs why |
| How Today’s COVID-19 Pivots Are Paving The Way For Tomorrow’s Innovations Covid-19 has rained pain down on the U.S. economy, but Sean Healey, Wirecard’s head of issuing products in North America, tells PYMNTS that the crisis is alsocreating opportunities to abandon anachronistic technologies. He says this is the perfect moment for companies to embrace the faster, smarter, more-digital product set of the future. |
| Covid, Coca-Cola And Changing Consumption Habits It’s little surprise that COVID-19’s social-distancing rules are slamming industries like tourism and sit-down restaurants, but there are less-expected casualties as well, like Coca-Cola. Coke reported this week that its April sales are down 25 percent because it turns out that much of its consumption occurs at bars, restaurants, sports events and the like. It's not the only one to fall victim to the less visible, but no less real, COVID-19 ripple effect. |
| | Payment Platforms | | Stripeâs John Collison On Improving âThe Art Of Authorization' Amid A Digital Payments Boom The global pandemic has been the catalyst for a massive shift toward digital everything, particularly commerce. But for many firms, their existing payment infrastructure cannot handle the shift. John Collison, co-founder and president of Stripe, sits down (virtually, of course) with Karen Webster to explain three new updates to its core payments platforms that improve the 'art' of authorization for merchants for whom the digital game instantly got raised. |
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