Traditional Banks must win the battle of the "mobile wallet" to keep interchange revenue, which is a quarter of some institutions' non-interest income. However, On the other hand, they must also cater to consumers' growing interest in P2P payments, which…
Neobanks are no-frills financial institutions that give consumers a low-cost alternative to traditional banks. They are targeted at consumers who want what brick and mortar bank services and are comfortable with fewer options such as only having a savings and…
So now that we are in a new reality, COVID19 certainly has changed the retail landscape.. the following is what sales have actually benefited from the new normal… By Dan Berthiaume – 03/31/2020 Reprinted from Chain Store Age Consumer demand…
Reprinted from Harvard Business Review written by Shelle Santana Is the U.S. becoming a cashless society? As digital payments spread from coastal coffee shops to rural restaurants, business owners, lawmakers, and consumers across America are asking themselves this question. And…
The answer is No. Payday loans are not legal in Maryland. Maryland Law § 12-101 et seq. prohibits payday lending in all forms, including online loans. The maximum interest a small loan provider can charge is 2.75% per month or…
A couple of months ago, Business Insider published an amazing article by Alex Morrell on check cashing that is well worth your time to read: An Ivy League professor who spent four months working in a South Bronx check-cashing store says…