Square doubles down on Bitcoin, Affirm moves into vacation rentals, 2020 bank profits drop 36 percent

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February 24, 2021

US Economic Growth

NY Fed Economists: ‘This Time is Different’ Compared To Great Recession

An alien from another planet looking at GDP data for the last several decades would be hard-pressed to identify the current pandemic-fueled recession, senior New York Fed economists Andrew F. Haughwout and Donghoon Lee, told Karen Webster. That’s because this time is different, they say. Here’s why.

 

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B2B Marketplaces

B2B Companies Navigate Tricky Cross-Border Marketplaces And Payments

The success of B2C marketplaces has not gone unnoticed by the B2B side of the payments ledger. As Christophe Bourbier, CEO and co-founder of eCommerce payment aggregator Limonetik, told Karen Webster in a recent conversation, B2B marketplaces see a clear path to global growth by bringing payments and other services inside of their platforms.

 

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Digital Security

Using Security To Create A More Inclusive Payments Ecosystem

Internet technology is more geared to an MIT grad than an old-school flip phone user, NuData DevOps Director Justin Fox told PYMNTS. Smart design and more intuitive security technology, he said, can help the old school user as well as the high-tech adopter.

 

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InsurTech

Data Analytics And Insurance Now Drive Consumer Financial Wellness Conversations

Financial wellness means different things to different people. Liz Sheehan, group vice president of carrier and product management at digital insurance agency Franklin Madison, told PYMNTS that advanced technologies can help financial institutions (FIs) guide their customers to the right insurance solutions at the right time, and gain some financial education in the process.

 

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Health Saving Accounts

Alegeus Pushes The Amazon Model For Healthcare

The trouble with healthcare spending is that it doesn’t look like other parts of consumers' lives. That’s why Alegeus SVP Brian Colburn told PYMNTS, that as healthcare plans become more complex, consumers crave simplicity.

 

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Digital-First Banking Tracker

Santander Bank: Cloud ATMs Improve Access, Manage Costs

Consumers' shifting cash use has banks second-guessing the effectiveness of the strategies they use to support their ATM networks. In this month’s Digital-First Banking Tracker, PYMNTS spoke with Santander Bank's Tamara Zaichkowsky about how turning to a cloud-based ATM-as-a-Service model is helping the bank tap efficient ATM management capabilities without sacrificing its customer satisfaction standards.

 

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What's Hot


Advance America Teams With Western Union For Money Transfer Tools


Square Doubles Down On Bitcoin; Generates $1.7 Billion In Crypto Revenue


Affirm Teams With Vacasa For Vacation Rental Payments


FDIC: 2020 Bank Profits Dropped 36.5 Pct


Klarna Seeks Additional $1 Billion In Funding At $31B Valuation


State Bank Of India Joins Liink, J.P. Morgan’s Blockchain Network


New Data: Consumers Show Pent-Up Post-Pandemic Dining Demand


Central Banks Of China, UAE Join CBDC Cross-Border Initiative


Smart Home Platform Plume Raises $270 Million


Bitcoin Daily: Cannabis eCommerce Platform American Green To Accept Bitcoin Payments; Crypto Custody Platform Koine Enters Insolvency


Best Of Yesterday 


Walmart’s Bid To Go From Supercenter To Super App


Eight Takeaways From The Digital First Holiday Shopping Season


The Two Layers Of B2B Collaborative Commerce


 

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