How Banks Should Respond to the New Players in Payments

New challengers are proving that banks don’t have all the answers to solving problems in payments, so what should (or can) banks do about them?

New entrants can’t kick banks out of the payments system, but they could create a disconnect between banks and their customers if banks don’t catch on to the wave of digital disruption transforming payments, Reekita Grewal, Silicon Valley Bank’s head of payments strategy solutions, said at a session on new payments entrants at BAI Payments Connect 2014 today.

Read more at Bank Systems & Technology

How Banks Should Respond to the New Players in Payments

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