| Chase exec on Fedâs Faster Payments mandate (or not), Citi Pay launches in the US, Getting open banking off the ground. | | | Vantiv: Electronic Payments Are SMBsâ Natural Evolution
Though the obvious shift of retail and commerce over the last decade has been overwhelmingly toward digital channels, itâs been in large part by larger businesses. Proof point: more than 40 percent of SMBs donât even have a website. But, says Vantiv's SMB product leader Dusty Gomez, nowâs the time to make the digital leap â or else, risk obscurity. Read More... |
| Can APIs Save Traditional Banks?
If banks donât offer the services customers want and someone else does, their customers are becoming increasingly comfortable with getting those services elsewhere â thatâs just business. David Koch, CCO at FI.SPAN, told Karen Webster that banks are going to have to get with the âopen banking" program to stay relevant. That means unbundling their services and those of other providers and building a customized, customer-centric service structure out of third-party APIs.
Read More... |
| | Faster Payments Tracker™ | | NEW REPORT: To Mandate Or Not To Mandate? Thatâs The US Faster Payments Question
Get ready. When the Fedâs Faster Payments Task Force issues its mammoth recommendation for making the U.S. payment system faster this month, itâs unlikely a federal mandate will make the cut. Thatâs Roy DeCiccoâs take, at least. For Julyâs Faster Payments Trackerâ¢, DeCicco, whoâs managing director at JPMorgan Chase and sits on the task force board, tells PYMNTS what makes the U.S. market uniquely ill-suited for a mandate. Plus, the latest news on Same Day ACH, Zelle, Venmo and more. Read More... |
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