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CIT Bank 2020 Review

MyBankTracker

Sponsored Content Disclosure: This content was commissioned and paid for by the bank advertiser. CIT Bank is among the largest 50 U.S. banks and it also happens to be one of the biggest online banks (based on domestic deposits). Yet, many consumers have never heard of the bank. CIT Bank Savings Builder.

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Facial recognition technology at tipping point in payments

Banking 2020

Now it seems we’ve reached a key tipping point for facial recognition, as global card giant MasterCard throws its resources behind its own version that it’s calling ‘Selfie Pay’. The first pilot sees 750 ABN Amro credit card users do away with their passwords, PINs and confirmation codes.

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Samsung TV payments highlights Internet of Things possibilities

Banking 2020

Take the latest service from Samsung, the Korean electronics giant, that is unleashing its rival to Apple Pay for its smartphone handsets. The user needs to associate a debit or credit card with their account and it’s up and running, or they can even use an existing PayPal account. Samsung Pay for TV works in much the same way.

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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.

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Does Amazon mPOS death signal wider payment industry woes?

Banking 2020

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.

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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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