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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. CIT Bank Savings Builder. CIT Bank Money Market Account.

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Going Head First with Apple Pay: Q&A with AFCU

Banking 2020

Even though the shine may have worn off, Apple Pay buzz still has a little “zz” left in it. While bankers are a little less mystified by the service, brave FIs are adopting and moving forward to become one of the first to market. W hat’s the question your members continue to ask you about Apple Pay?

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Wal-Mart: Checking Accounts in Aisle 3

Banking 2020

There’s no question that the very idea of retail banking has been in turmoil ever since this thing called the Internet came along. Over time it’s only gotten worse, what with attacks from a range of mobile banking applications and contactless payments, most recently the potential phenomenon named Apple Pay.

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Asia Pacific set to drive mobile payments growth

Banking 2020

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. Key trends driving the increase.

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Next in Mobile Payments: The Android Alternative

Banking 2020

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.

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Can Smartphones Solve ATM Skimming

Banking 2020

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.

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What Does 2015 Bring for EMV and Payments?

Banking 2020

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. The non-compliant ones will face the risk of losing their market share. To start with, we learned that the payment solutions system in the U.S.