What to read today: Blockchain in Payments: Blockchain is attracting enormous interest on the back of surging cryptocurrency valuations and increasingly high-profile payment integrations. But as a real payment currency, blockchain-based cryptocurrency still must overcome many hurdles before it can truly disrupt the space. The report ranks the three main use cases according to specific benchmarking criteria and examines the benefits and obstacles each faces in achieving wide-scale disruption..
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 | January 22, 2022 | |  | | Visa's new cloud-based payment solution opens up a slew of acceptance opportunities | Visa is piloting a platform called the Visa Acceptance Cloud (VAC), which lets payment service providers embed transaction software into digital devices beyond standard payment terminals, per a press release.
VAC can help Visa tap into unique purchasing opportunities to drive volume.
While in-person payments may have previously only occurred at a checkout counter, VAC lets fintechs enable purchasing in ways that may not have been possible before—like through digital advertising displays or unattended kiosks.
AC is another example of how the POS is transforming as tech providers and payment players innovate and bring new transaction experiences to market. Other examples include autonomous checkout and hand-scan payments (biometrics), both of which may threaten traditional POS devices.
Insider Intelligence's Adriana Nunez has the full story. | | |  | BRIEFING HIGHLIGHTS | | | | | | | | | | | | | | | | | | | | | |  | RESEARCH IN FOCUS | |  | | Blockchain in Payments | | Blockchain is attracting enormous interest on the back of surging cryptocurrency valuations and increasingly high-profile payment integrations. But as a real payment currency, blockchain-based cryptocurrency still must overcome many hurdles before it can truly disrupt the space. The report ranks the three main use cases according to specific benchmarking criteria and examines the benefits and obstacles each faces in achieving wide-scale disruption. | | Get the full report → | | |  | | US Banking Channel Forecast | | Digital banking channels are enjoying supercharged momentum as a result of the coronavirus pandemic. US consumers' banking behavior will continue to evolve through 2024, spurring banks to satisfy customer demands in both legacy and digital channels. Insider Intelligence forecasts the development of five key banking channels in the US between 2020 and 2024: branches, digital platforms, smartphones, call centers, and ATMs. The report identifies the drivers behind the trajectory of each channel's penetration, including changes in consumer behavior or advancements in technology. | | Get the full report → | | |  | | Scotiabank Mobile App Spotlight 2021 | | In Canada, the ranks of new smartphone banking users are set to nose-dive in 2021 to a third of the year prior, which will lead competition among financial institutions (FIs) to escalate. In the intense battle for new users, the features of FIs' mobile apps will be crucial. This report features findings from the inaugural Insider Intelligence Canada Mobile Banking Emerging Features Benchmark Study, which analyzes the mobile apps of the seven largest FIs according to the availability of 42 mobile features. Here, we focus on Scotiabank's mobile offering through the lens of customer demand data. | | Get the full report → | | |  | BECOME A SUBSCRIBER | | | Our subscriptions deliver analysis on the biggest trends and decisions shaping the future of your industry. Stay on top and subscribe today to receive:
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