The current, most-asked question is, “When will we get back to the way things were?” But that may be the wrong question to ask. After times of significant turmoil, habits never fully revert to previous norms. Instead, we respond to those events and permanently change the way we live. For example, the labor shortages of…
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This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $3.9 trillion in bills last year. Business Insider Intelligence That market is growing slowly, but…
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Turnerlittle.com explains what our banks are doing to restore customer faith and assesses which technologies companies will pursue to make positive changes. In Starling Bank’s report Revolution or Evolution, it was found consumers are frustrated with the current banking system. Some of the top concerns include: ‘unclear and complicated language and charges’, ‘complicated products that…
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WASHINGTON — The Federal Reserve Board on Thursday said it has commissioned a third-party study into the costs and causes of payments fraud, following a recommendation of its own years-long examination of how to modernize the U.S. payments system. The Fed said it has commissioned the Boston Consulting Group to “measure fraud and associated costs…
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BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. Click here to learn more. A revolution in payments and banking is beginning as virtual assistants like Siri and Alexa gain the abilities of cashiers, personal shoppers, and bank tellers. Already, Siri can help users make peer-to-peer…
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BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Digital disruption is rocking the payments industry. But merchants, consumers, and the companies that help move money between them are all feeling its effects differently. For banks, card networks, and processors, the digital…
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Richard Cordray is not going out meekly. A week before he is due to resign, the director of the Consumer Financial Protection Bureau sent a letter to 29 chief executives at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.…
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