Rent-A-Bank lending practices under scrutiny, Startups put IPOs on ice, COVID-19 spawns innovative green shoots in China

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March 12, 2020

Credit Union Innovation Index™

NEW DATA: The Innovations Credit Union Members Need To Stick, Not Switch

One in five CU members would switch financial institutions if their credit unions (CUs) were not planning to prioritize investment in new products and services. In the latest Credit Union Innovation Index, PYMNTS surveys 3,908 U.S. consumers to learn how competition to meet members' needs is fueling CUs’ drive to develop new payment options, from peer-to-peer (P2P) apps to point-of-sale (POS) credit tools and beyond.

 

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Disbursements Tracker™

Why Millennial SMB Owners Need Faster Tax Disbursements

Slow tax disbursements via paper checks can put a financial strain on U.S. consumers, but are especially damaging to millennial small-business owners, who view paper checks as antique payment relic. In the latest Disbursements Tracker, PYMNTS spoke with Waseem Daher, founder and CEO of corporate tax and bookkeeping firm Pilot, on how faster tax disbursements can ease tax frustrations.

 

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Connected Retail

How Will Retailers Deal With The Internet of Things’ Trillions of Data Points?

Some 1 trillion connected devices will be in consumers hands within the next decade and a half. That’s a lot of sensors and a lot of data … but turning it all into actionable insight will challenge retailers. David Weidner, senior director of Pelion Market Development at IoT technology firm Arm, tells Karen Webster how platforms and machine learning can ‘unify’ these data points to bring commerce to its full omnichannel potential.

 

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Payroll Cards

PULSE:  Why Debit And Payroll Cards Are An Employer’s Strategic Advantage

The gig economy is giving rise to a workforce that values flexible – and speedy – payments. Jennifer Schroeder, executive vice president of product management at PULSE, tells PYMNTS that prepaid and payroll cards are proving increasingly popular among forward-thinking employers -- and can help cement worker loyalty.

 

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Innovation

The Innovative ‘Green Shoots’ Growing
Out Of COVID-19’s Scorched Earth

The coronavirus scare threatens to throw the world into a global recession as workers and consumers stay home. But smart businesses that use online technology can not only survive, but thrive, Ning Wang, co-founder and chief business officer of Chinese payments processor PingPong tells Karen Webster. In fact, he says the pandemic could speed up the adoption of digital platforms, virtual reality and more. Here’s the view from China.

 

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