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Analyst: Square Cash App Downloads Top Venmo’s

PYMNTS

A new report shows that Square’s Cash App downloads increased by 2.2 While year-over-year growth for Venmo still beats the Cash App at 35 percent versus 19 percent, the growth in new mobile payments app downloads of Venmo has slowed down, compared to increases of 54 percent in April, 47 percent in March and 44 percent in February.

Mobile 130
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Commander In Chief: Mitek Systems’ CEO Innovation Download

PYMNTS

He also offers advice for how to innovate in the field. Here is an excerpt of the conversation: PYMNTS: How would you define your company’s approach to innovation? PYMNTS: Where do you look for innovative ideas, and why? PYMNTS: What is the most innovative thing you’ve ever done? JB: Innovation often means taking a risk.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

For more on these and other CU news items, download this month’s Tracker. Credit unions, like any FI, are sitting on a trove of valuable personal information, such as credit card data and Social Security numbers, that hackers would do anything to get their hands on. Inside One Nevada Credit Union’s Self-Service Transformation.

Nevada 192
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Innovating The ATM Beyond Cash

PYMNTS

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. For more on these and other CU news items, download this month’s Tracker. Developments From Around The CU Ecosystem. How Balancing Members’ Needs Improves End-To-End ATM Experiences.

ATM 243
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The eCase For Liberating $190B In Rental Security Deposits

PYMNTS

In the latest Disbursements Tracker , PYMNTS explores how banks and card providers are approaching payment innovations to keep pace with consumer demand, and to better protect against fraudsters. Social media platform Facebook is set on further innovating WhatsApp features with a new U.K.-based Around the Disbursements World.

Security 162
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FICO’s Take On Debit Security

PYMNTS

Financial institutions (FIs) cannot simply expect the popularity of debit to persist unaided, however, and must continue to innovate to keep fraud rates at a minimum. Debit network PULSE recently sought to boost its security by adopting a FICO fraud detection platform that can help it quickly detect and respond to suspicious activities.

Security 182
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How Top-Performing CUs Innovate With Data Analytics

PYMNTS

In fact, credit unions that focus on data analytics are more likely to pursue a wider range of innovations than those that do not. Instead, most are focusing on improving their anti-money laundering (AML), data security, mobile and digital payments, and anti-fraud operations. For example, 91.7 Other notable findings include: 79.4

Analytics 150