Consumers have been broadening their horizons during the pandemic — trying out new hobbies, retailers and even payment methods. Tools such as mobile wallets or contactless payment solutions have surged in popularity in the United States as customers look for ways to add speed to...
Rising unemployment rates and other economic factors driven by the ongoing pandemic have caused some consumers to tap into their long-term savings to stay afloat. This has had a ripple effect on the broader investment industry, as banks and other financial firms look to meet...
New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. In the U.S., The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development...
Virginia’s Chesapeake Bank has joined The Clearing House’s Real-Time Payments (RTP) network, showing that smaller community banks have joined the new trend of enabling instantaneous payments and receipts for customers, a press release said. The move will also allow the bank to access advanced messaging capabilities....
August 07, 2020
Rising unemployment rates and other economic factors driven by the ongoing pandemic have caused some consumers to tap into their long-term savings to stay afloat. This has had a ripple effect on the broader investment industry, as banks and other financial firms look to meet customers’ needs while mitigating the pandemic’s effects on their operations. […]
