5 ways payments technology is evolving to meet today's challenges … – American Banker

Financial institutions continue to seek out the latest innovations in payments technology in response to customer demand and the shifting economic environment.
From biometric payments cards and contactless smart-rings to a new virtual marketplace and a payment-focused accelerator for overcoming payment processing challenges, here are five ways payments tech is having an impact in the banking world.
As one U.S. CBDC project comes to a close, it’s increasingly clear that government-backed currencies can’t succeed unless they are interoperable on a global scale.
Significantly fewer households expected to be in worse shape in the coming year than was the case last summer, according to a December survey. The results are a positive sign for banks at the start of earnings season.
The bank hired an executive from The Bancorp to manage its risk operations after the incumbent, Jeff Curry, announced his retirement.
The deal would create a $3.2 billion-asset bank with branches in four states, including an expanded presence in Texas.
The New York City firm will wrap up its relationships with four institutional crypto-asset clients this year.
Christopher Oddleifson plans to step down from the Massachusetts bank in February. The company named Jeffrey Tengel, most recently an executive at M&T Bank, as successor.
Brown has helped the online bank weather the pandemic. His next challenge: a looming economic downturn


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