Resources: Insights

We’re growing as fast as the industry we have pioneered.
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Ben Flexner’s Insights on: Instant, Invisible And Free: 3 Words That Could Spell Problems For Many Banks

Ben Flexner – Senior Solutions Engineer
Posted September 18, 2018 by

While the reach of mobile based payments continues to expand and the hallmark convenience and incentives for users of these paymentmethods evolve in new ways, it can be hard for banks to adapt. However, this also creates new opportunities for banks to take advantage of the strategies and provide supplemental or competing services. By directly partnering with fintech providers to provideco-branded solutions which still allow the bank to partake and benefit from the payment strategy, or by providing their own versions of these same solutions, banks can be the up-front service provider of choice for consumers who bank within walls. At the endof the day, there are likely to be some growing pains and banks may have to get creative to shift some of their existing business models to accommodate this relatively fast change in adoption of new payment methods and strategies, but the opportunity existsfor those willing to stand up and take it.

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JOIN OUR NEWSLETTER
FreedomPay will use your details to send you information on our products/services and events via email. By confirming, you are agreeing to our privacy policy. You can unsubscribe at any time.
Stay in the know with FreedomPay and subscribe to our new monthly newsletter: The FreedomPay Forum! Here, you will find the latest and greatest at FreedomPay, newsworthy announcements and the top trending topics in the payments industry today.
To unsubscribe or submit a data request per the General Data Protection Regulation (GDPR), please visit: https://corporate.freedompay.com/gdpr/.

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