Revolut CEO exits, Venmo’s new boos on next chapter, Boomers' and seniors' big shift to digital

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July 28, 2020

Next-Gen Debit Tracker™

Using Debit Cards To Bridge The Stimulus Accessibility Gap

The Senate is preparing a new stimulus deal, but the money won’t ease Americans’ financial woes if the most vulnerable can’t easily access aid. In this month’s Next-Gen Debit Tracker, Rose Jones, director of Rhode Island’s Office of Healthy Aging, and Kathleen Cloutier, executive director of the nonprofit Dorcas International, discuss how disbursing stimulus via debit cards can provide swift, secure access to even unbanked individuals.

 

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PODCAST: Direct To Consumer

How Brands Can Avoid Direct-To-Consumer Pitfalls

It seems in the post-pandemic world that almost every brand is trying to find the best way to cut out the middleman and go direct-to-consumer. But sticky:io’s Ro Bhatia says there’s a right way to do it and a wrong way. Here’s how to avoid the pitfalls.

 

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Credit Unions

What Happens When Credit Unions Let Members Drive Rewards

With some banks cutting back on rewards and loyalty programs to save money, credit unions have a rare opportunity to double down. But Denise Stevens, PSCU's senior vice president and chief product officer, and Annie Cox, vice president of loyalty solutions, say CUs must use their data to really shape those winning programs.

 

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PODCAST: B2B Payments

Helping CFOs Monetize The B2B Payments Digital Transformation

Moving teams away from paper checks is a step on the path to B2B payments digitization, but it is only a first step, says Meitra Aycock, Comdata’s senior vice president of operations. She tells PYMNTS that chief financial officers must also consider the role that transaction data plays in supporting efficiency both within accounts payable and suppliers’ accounts receivable departments. And how virtual cards can help them monetize that digital journey.

 

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Digital Shift

Boomers And Seniors Are Shifting To Digital Shopping, Too

It's not just millennials and Generation Z consumers who are shifting to online shopping. Our latest consumer survey finds that more baby boomers and seniors than Generation X-ers or bridge millennials see choosing merchants based on digital capabilities as a way to stay safe. And many older shoppers say they're not going back to brick-and-mortar even after the pandemic end. Here's why.

 

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P2P Payments

Venmo’s New Boss On Its Next Chapter

New Venmo General Manager Darrell Esch is a classic illustration of the old saying ‘be careful what you wish for, as you just might get it.’ A longtime executive at Venmo parent PayPal, Esch told Karen Webster that he often said that the only job he wanted other than his old one as head of credit products was to run Venmo. He got his wish – and has big plans for next iteration of the Venmo community. Here’s a sneak peek.

 

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Best Of Yesterday 


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