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February 11, 2021

Instant Payments

No Layovers: Instant Payments Take Direct Path To Primary Account Access

When it comes to instant payments, consumers want a direct flight to their primary account destination. As Ingo Money CEO Drew Edwards told PYMNTS Karen Webster, making a stop along the way at a closed-loop prepaid card or proprietary mobile wallet is an unnecessary piece of friction for the consumer to overcome.

 

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Car Subscriptions

Car Subscriptions Misfire, But Stay On Track For Future

BMW and Audi recently stalled their subscription offerings, but brands like Volvo drive on. sticky.io CEO Brian Bogosian told PYMNTS that automotive subscriptions can have a bright future – if they have a compelling offering.

 

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Location Fraud

Hide And Seek: Geolocation Helps Uncover Fraudsters’ Identities

Malicious VPNs, anonymizing devices and other methods of hiding fraudster locations present enormous risks to the financial sector, banks and the wider payments ecosystem. Elizabeth Cronan, VP of government relations at GeoGuard, told PYMNTS that if banks and other companies can get in front of location fraud, they can eliminate an important weapon in a fraudster’s arsenal.

 

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Credit Unions

Credit Unions Embrace ‘Curbside Delivery’ Mindset For Digital Financial Services

For credit unions, service means better access and self-service delivery. Dr. Kathy Snider, senior vice president/group leader, engage products for the CO-OP Financial Services, told PYMNTS that credit unions can serve consumers in digital-first ways by leveraging assets they already have in their toolkit.

 

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IBANs

Virtual IBANS Speed ‘Consumerization’ Of B2B Payments

Going global isn’t as easy as setting up an eCommerce site and waiting for the orders to come in. It requires compliant and complex banking relationships. As Monneo Managing Director Lilia Metodieva told PYMNTS, virtual IBANs can facilitate the secure global movement of money.

 

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Digital Consumer Onboarding Tracker

Digital Onboarding Solves Insurance Providers Duplicate Data Problem

The P&C Insurance business is highly competitive, and retaining customers often comes down to their very first digital encounter and the information they’re asked to share, James McKeown, vice president of customer experience and mobility at Selective Insurance Group told PYMNTS. In the Digital Consumer Onboarding Tracker, McKeown explains the link between efficient digital data onboarding tools and efficient customer invoicing.

 

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