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CIT Bank 2020 Review

MyBankTracker

They may be missing out given that CIT Bank is quietly offering some very attractive products that have competitive deposit rates and very low fees. Here’s an overview of CIT Bank’s most notable offerings and how it may be a better bank for your money. The post CIT Bank 2020 Review first appeared on MyBankTracker.

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This Week’s Reads: Cardless ATMs, Smartwatches, EMV

Banking 2020

Articles via MainStreet, The Financial Brand, Banking Exchange, PaymentWeek. Cardless ATMs spit out cash at the command of your smartphone –no plastic required: If you think cardless ATMs are far off in the future, you should think again. Spotlight Apple ATM banking EMV financial institutions payments smartwatch technology'

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This Week’s Reads: Multi-Channel, Apple Pay, Self-Service Branch

Banking 2020

Why Banks Are Buying In to Apple Pay – American Banker. 10 Keys to Apple Pay: The Quick and Dirty Analysis – Javelin Strategy & Research. For the self-service branch, the future is now – ATM Marketplace. Spotlight Apple Pay bank branch banking Google Glass multi-channel self-service wearables'

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Can Smartphones Solve ATM Skimming

Banking 2020

ATM skimming remains a big business for organized crime rings. One new approach that banks are exploring to mitigate this particular vector of fraud is the notion of using smartphones as a second factor of authentication since most people always have their phone with them. But that is just one issue with QR codes.

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Facial recognition technology at tipping point in payments

Banking 2020

Cameras mounted onto the front of an ATM or POS could even recognise consumers as they approached, producing what the developers claimed was the “world’s fastest payment system.”. Selfie Pay is not only an alternative to a PIN-based physical transaction in store or at an ATM, but also for online payments. More secure?

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Searching for the Future

Banking 2020

True to form, mobile banking solutions continue to spike in popularity—the billions devoted to development and distribution, not to mention security, seem to be paying off. Oddly, searches for bank branches and ATMs haven’t receded. On the flip side, consumers don’t seem nearly as interested in mobile payments.

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How 2015 is Different for Retail Banks

Banking 2020

The 2014 Federal Reserve report identified that, for the first time, more than 50% of smartphone owners are using mobile banking. Banks continued to invest heavily in this channel to differentiate last year. The big new feature in 2014 was Apple Pay, which had many banks scrambling to get onboard after the November launch.

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