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Does Amazon mPOS death signal wider payment industry woes?

Banking 2020

Gil Luria, managing director covering financial technology stocks at Wedbush Securities, told Cardnotpresent.com: “They are very used to taking the long view and accepting losses for up to seven years in a new business they enter.”. Omnichannel trouble.

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Banks: sink or swim with FinTech players

Banking 2020

Banking institutions must engage with emerging financial technology (FinTech) companies or risk being left behind by an industry that is currently undergoing one of the largest transformations ever seen.

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?? Generations X and Y’s “Culture of Convenience” driving financial institutions toward “mobile-first” omnichannel structures

Banking 2020

Companies have taken note of this trend; Apple Pay’s mobile wallet solution requires fingerprint authentication to pay within apps and Samsung is looking at implementing biometrics on their devices in an effort to “promote the payment platform without worrying about scaling security concerns”. Bringing it all together.

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