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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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Legal Pot Starts Pulling Its Retail Weight

PYMNTS

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Other figures also point to how much consumers are spending on legal retail pot. Legal retail cannabis may be spreading throughout the U.S., Companies also have made more than $6.5

Retail 154
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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. Nikki Smith, a baker and caterer in Oregon, collected $96. bank profits are expected to sink. About 300 SMBs Received Less Than $99 In PPP. 11) announcement.

Arkansas 152
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Mastercard Q2 Earnings Preview: Increased Spending, Digital Payments Expected

PYMNTS

Mastercard is expected to report strong revenue growth in its second-quarter earnings, thanks to a continued increase in retail spending and digital transactions, according to analysts. Many of the company’s SMB projects are overseas.

Payments 117
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TRENDING: Buskers Add mPOS To Their Act

PYMNTS

With more consumers turning to mobile and card-based payments, few carry cash that can be spared for tips. Under the latest rollout, Android users in Portland, Oregon and Kiev, Ukraine can use the company’s payment app to access local transit systems. The problem?

Trends 115
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Late Payments Sound Sour Notes in US

PYMNTS

In Oregon, and as reported by The Statesman Journal , the Willamette Country Music Festival may be cancelled in future years amid widespread late payments to that festival’s vendors. But they also had to use systems owned by WCMC to record credit card and bracelet sales, and were supposedly to receive their payments after the festival.

US 124
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MyPeople On Gigging With Marketplace Points

PYMNTS

A gig worker on the MyPeople platform might help find a consumer find affordable housing in Portland, Oregon, for example. At the time of booking, he or she pays in advance by credit card; Strawn’s platform then holds the funds until the service is completed. “That’s a unique skill that someone has in their pocket,” Strawn said.

Portland 153