By: Lou Grilli, Senior Innovation Strategist, PSCU Part I of my exploration of cryptocurrency’s potential impact on debit and other forms of payments ended with a discussion of stablecoins, a cryptocurrency tied to a stable asset. In part II, we’ll look at a special category of stablecoin, one that is issued and controlled by the
By: Lou Grilli, Senior Innovation Strategist, PSCU As financial institutions explore the future of payments and real-time accessibility for their customers, the question has arisen: should cryptocurrency be considered a serious part of the conversation? The industry recognizes cryptocurrency as a relatively new form of digital currency, where monetary value is represented by a token
By: Tom Pierce, Chief Marketing Officer, PSCU While the COVID-19 pandemic has propelled consumers of all ages to transact in new ways, there are still some notable differences in how different generations prefer to pay. Welcome to the fourth and final installment of our blog series on Eye on Payments 2020. PSCU’s third annual consumer payments
By: Tom Pierce, Chief Marketing Officer, PSCU Despite the uncertainty surrounding the COVID-19 pandemic, the main drivers behind a consumer’s choice in payment method – ease of use, convenience and speed – have remained consistent since 2019, which could likely indicate long-term shifts in consumer needs and behavior. Welcome to part three of our blog
By: Tom Pierce, Chief Marketing Officer, PSCU Amid the COVID-19 pandemic, consumers of all generations are looking for new ways to transact for everything from grocery shopping to retail purchases to dining out. In addition, with health and safety remaining top of mind, people are seeking forms of payment that limit physical contact. Contactless cards
By: David Ver Eecke, Sr. Fraud Product Manager, PSCU 2020 is the year of the unexpected — and this holiday shopping season will be no different. The pandemic has changed our world in so many ways, especially when it comes to how we shop and pay for goods and services. Consumer spending has shifted to
By: Tom Pierce, Chief Marketing Officer, PSCU Virtually no aspect of the economy has remained untouched by COVID-19 — and the impacts continue to evolve the payments landscape at a rapid speed. The pandemic has changed our world dramatically and has been a major driver for consumer payment choices and purchasing behavior in 2020. Welcome
By: Gene Fredriksen, Security Strategy Consultant In this real-life story, it is 2018 and Kwamaine Ford, an employee of a celebrity at the time, seemed to have the world by the tail. He traveled in famous circles and lived a glamorous lifestyle. However, Ford had a dirty secret – he was funding his lifestyle with
For the third year in a row, PSCU surveyed more than 1,500 financial institution customers from across the United States to explore payment preferences and trends.
By: Lou Grilli, Senior Innovation Strategist, PSCU Real-time payments (RTP), the first new payment format in 40 years, is gaining considerable industry traction, despite being in operation just a little over two years. While RTP technology is still relatively new and the volume of payments on the RTP network still pales in comparison to Automated