The Bottom Line

Get to the bottom of all things banking with weekly expert musings from SRM. The Bottom Line takes what we hear from financial institutions, fintechs, and industry influencers - separating the news from the noise. We offer unfiltered observations and thoughtful forecasts responding to industry developments and trends as they happen, with emphasis on how financial institutions can better serve their stakeholders.

Larry Pruss

Recent Posts

Cash: Alive and Kicking

Posted by Larry Pruss on Oct 6, 2019 9:00:00 AM

Cash Alive and Kicking

My SRM colleagues in Europe (see parts 1, 2 and 3) and Atlanta have already written about what it would be like to live in a cashless world, but recently, some municipalities in the United States have bucked the conventional wisdom by pushing back against the notion of cashless stores in the name of financial inclusion. A rash of new research also indicates that the long touted “death of cash” is not the imminent event often implied by industry pundits and reporters.

Here’s a quick overview of recent data and developments.

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Topics: Cashless, Cash, Financial Inclusion

Contactless Cards: Is the Train Leaving the Station?

Posted by Larry Pruss on Sep 8, 2019 9:00:00 AM

Contactless Cards Is the Train Leaving the Station

Despite all the forecasts concerning a downdraft in the economic climate, the payments pie continues to grow. With GDP on the rise both in the United States and globally, the overall value of retail purchases is also trending upward. However, research from the Federal Reserve reveals a less obvious pattern: growing even faster than average ticket price is the sheer number of payment transactions.

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Topics: Contactless Cards, NFC, Open Loop

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