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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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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.”. They’ll embrace it,” the company’s security expert Ajay Bhalla told CNN. More secure? Step-change?

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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 big new feature in 2014 was Apple Pay, which had many banks scrambling to get onboard after the November launch. The sheer amount of advertising around security features will begin to drive consumers away from plastic and toward mobile-only payments. Omni Channel banking. Payment disruption and innovation.

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