Trends in Payments for 2022 and Beyond
Date: Wednesday, June 8, 2022
Time: 1:00 PM CT
Duration: 60 minutes
$250B in payments dollar volume has been siphoned away from credit unions and other financial institutions.¹ Square provides payment processing for more merchant outlets than five of the biggest U.S. banks combined.² Real-time payment connections are expected to triple through end-of-year 2022. And, growing use of cryptocurrency and Buy Now, Pay Later (BNPL) are cannibalizing traditional payments and credit, respectively. Join Lee Wetherington for a strategic look at the future of payments and what credit unions can do to protect and extend their payments franchises.
² Nilson Report March 2020 as cited in Autobook’s webinar entitled “Let’s Look at the Data: What is bank data telling us about SMB”, October 2021.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates.