Banking 2020

AUGUST 27, 2015

According to a recent article in ATMMarketplace.com, card skimming accounted for more than $2 billion in losses. 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.

ATM 40

ATM User Experience Fraud UX 40

Banking 2020

OCTOBER 15, 2015

The minute the device is placed next to the credit card terminal, it signs on. It even offers prompts to use available loyalty or gift cards. By using the debit and credit cards in the transaction, Google Wallet and Samsung Pay could be processed just about anywhere. Just tap, pay and benefit.

Mobile 40

Mobile Payments Samsung Google 40

Banking 2020

JANUARY 15, 2015

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.

Retail 40

Retail Trends Millennials Mobile 40

Banking 2020

NOVEMBER 9, 2015

Mobile technology is rapidly becoming an integral part of the way that many people manage their finances and make everyday payments, with the popularity of mobile banking apps and dedicated mobile payment tools such as Apple Pay growing all the time.

Mobile 40

Mobile Payments Regional National 40

Banking 2020

SEPTEMBER 14, 2015

Yes, entering your username and password every time you log in to a mobile banking app (or any app that involves payments) can be a hassle, however, if anyone gets their hands on your phone, they have total access. . The smarter option for managing multiple cards and logins is to use a mobile wallet like Apple Pay or Android Pay.

Mobile 40

Mobile Cards Apple Online 40

Banking 2020

JANUARY 25, 2016

Apple Pay, enabled through the TouchID fingerprint scanner, is one of the most widely used versions. Facial recognition technology is taking off, while card-less payments using palm vein authentication technology are now possible.

Security 40

Security System Technology New York 40

Banking 2020

FEBRUARY 26, 2015

With this reality in mind, a growing number of issuers and retailers have started acting on updating credit cards to EMV chip-enabled cards and upgrading their systems. To start with, we learned that the payment solutions system in the U.S.

Payments 40

Payments Bitcoin Mobile System 40

Banking 2020

FEBRUARY 9, 2016

This shift has caused another phenomenon: Banking with a brand-name institution is now less important to consumers. There’s been a move to “white-label” banking , where banks provide the financial capabilities for payment wallets like Google Wallet and Apple Pay. Millennials have emerged as mobile trailblazers.

Mobile 40

Mobile Industry Millennials Survey 40

Banking 2020

JANUARY 28, 2016

The internet retail giant is scrapping Local Register, the $10 app and dongle service that enables small businesses to accept card payments through a smartphone. It’s interesting to compare with Apple, which has a similar dominant presence and has used this to its advantage by answering specific consumer pain points with its services.

Industry 40

Industry Payments System Online 40

Banking 2020

NOVEMBER 12, 2015

In tokenization, the card’s primary account number (PAN) is replaced with an alternate card number called a token. Merchants can be left with two tokens for one card or, worse, no way to get back to the original card number for things like chargeback or disputes. What is tokenization?

Samsung 40

Samsung Google Cards Security 40

Banking 2020

JANUARY 20, 2016

Cash and checks have taken a backseat to faster, more efficient payment methods like credit and debit cards. Consumers have grown accustomed to a faster, more secure world and expect payment solutions to follow suit. Over 2 billion consumers are expected to own smartphones by next year.

Mobile 40

Mobile Millennials Bitcoin Security 40