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How Apple Card Brings ‘Existential Crisis’ To Smaller FIs

PYMNTS

With the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. In fact, their slogan for the card is “Created by Apple, Not a Bank?.” And the card is no longer just a payment instrument; it’s more than the card itself.”.

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Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?

PYMNTS

But as a recent Google announcement demonstrated, FIs are engaging with technology players in new ways as together, they seek to create ecosystems that offer new value to consumers. They are described by Google as “smart,” since they will provide account holders with money management tips to optimize and manage the funds in those accounts.

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BBVA To Close Simple, Move Customers Over To BBVA USA

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After Simple Bank launched as an online bank specializing in high-interest savings accounts, the current economic climate ended up making it unfeasible. Being FDIC insured won't have any impact on deposits and Simple's app, cards and website will continue to work, the Talk Android report says. So BBVA pulled the plug.

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How Online Universities Take Fraudsters To School

PYMNTS

Phone numbers, email addresses, usernames and other online signifiers have become vital to digital identity verification, as the world becomes increasingly connected. Mobile wallets have become popular vehicles for storing and accessing credit card information, plane tickets and other documents.

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Mastercard Digital Commerce Suite To Make Every Card ‘Token Ready’

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17) that it will enable tokenization services on all cards by 2020, as part of its Digital Commerce Solutions, a suite of offerings geared toward making online transactions speedier and more secure. The company is also working with issuers, including Citi and Fifth Third Bank, to convert cards on file into tokens.

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Big Tech’s Big Shadow Over FIs

PYMNTS

These investments have to shift toward making more channels easily available … whether it’s app or online or voice or chat-based instruction. If issuers and banks don’t do that, he said, Apple, Google, Samsung and a whole host of Big Tech players are ready to step in and do so — taking away FI customers in the process.

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The Pandemic’s Push For The FI/FinTech ‘Win-Win’

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Necessity being the mother of invention, consumers rapidly reset their lives around digital across the board — from working to shopping to learning to managing their financial lives online. Getting Ready To Fight Off Apple And Google. Is a given FinTech looking ahead to technology shifts to things like real-time transaction cards?

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