This Week’s Reads: B2B Payments, Mobile Banking and Acquisitions

Articles via PYMNTS.com, Banking Exchange, Business Insider, American Banker

  • MetaBank Bumps Up V-Card Strategy: MetaBank and StoneEagle struck a five-year extension of their partnership, which sees StoneEagle linking MetaBank’s Meta Payment Systems corporate clients into virtual B2B payment technologies.
  • Going for mobility: According to a report recently issued by five Federal Reserve district banks, mobile banking may be necessary to meet the needs of customers, but FIs are still trying to decide if it is sufficient.
  • Britain just got a new digital bank and it’s raising tens of millions of pounds: Globally, neobanks (online-only banks) are gaining popularity. These digital banks target younger audiences and financial institutions should be watching what they do, and how consumers react to them, in order to readjust priorities.
  • Q2 Acquires Digital Banking Services Provider Social Money: Q2 Holdings announced its acquisition of Social Money, a cloud-based banking technology. Of the acquisition, Q2’s Matt Fluke said, “The digital banking experience matters when it comes to reaching millennials and retaining existing account holders.”

What have you been reading lately? Let us know in the comments section below or Tweet @bankingdotcom.

Written by Banking.com Staff

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