Temu has taught Amazon.com Inc. an important lesson: US shoppers can be patient if it saves them money. Source Bloomberg News broke last week that Amazon is planning a low-priced store for apparel and home goods shipped directly to US shoppers from China, signaling that the ecommerce giant is taking seriously the threat posed by discounters like Temu and Shein. Amazon helped change the way people shop by building a vast network of warehouses designed to stockpile products and quickly send them to customers. That model requires products manufactured in China to be shipped by sea in bulk to the US and … Continue reading Patience pays

Source: Panagiotis KriarisPanagiotis Leadership | FinTech | Payments | Banking | Innovation |Leadership | FinTech | Payments | Banking | Innovation | It’s an oxymoron, but in the era of AI moving funds from one account to another has been signaled as one of the major payments’ trends. Where’s the catch? Let’s take a look. Link Transferring funds between accounts is not a novelty, but rather one of the oldest and more basic payments’ use cases. And yet if you look at today’s increasingly complicated payments landscape, there is an entire debate going on, hooked on the principle that Account-to-Account … Continue reading A to A payments growth

Bloomberg 2023-03-26 What to Watch Valley National and First Citizens are both vying for the failed Silicon Valley Bank, people familiar said. The regional banks submitted separate bids for SVB to the FDIC before a Friday night deadline. Elsewhere, the US is mulling offering expanding an emergency lending facility for banks in ways that would give First Republic more time to shore up its balance sheet. Bond investors are piling into wagers that a US recession is around the corner amid a growing dissonance between how markets and the Fed see the economic outlook. The gap is particularly evident in … Continue reading Banks will still dominate news this week

The full agenda will be available at kansascityfed.org at 7 p.m. CT on Thursday, Aug. 25. On Friday, Aug. 26 at 9 a.m. CT, Federal Reserve Chairman Jerome Powell’s remarks will be streamed on the Kansas City Fed’s YouTube channel, External Linkyoutube.com/kansascityfed. KANSAS CITY, MISSOURI – The Federal Reserve Bank of Kansas City will convene its annual Economic Policy Symposium, Aug. 25-27 in Jackson Hole, Wyoming. The 2022 event, which marks the symposium’s 45th year, will focus on the theme “Reassessing Constraints on the Economy and Policy.” This year’s theme will explore the emergence of economic constraints during the pandemic … Continue reading Jackson Hole Economic Symposium Aug 25th

Jim at Netbanker paints a great picture here about the potential for Doxo as a widepsread method of electronic bill presentment and payment (EBPP).  Having watched the evolution of EBPP both across North America and specifically in Canada with BMO and ePost since the ‘90’s the base business case has always been biller cost reduction.  There still remains the key question of what it will take to get to scale that allows the billers to actually reduce costs. While billers see cost reduction from paper and postage, they must still maintain some infrastructure for managing the monthly statements.  It seems … Continue reading Electronic bill presentment and payment needs an open solution | netbanker proposes one solution