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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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This Week’s Reads: Mobile channels, iPhone 6s and Data

Banking 2020

: Mobile banking usage is continuing to increase in popularity and it’s important that financial institutions keep mobile channels as up to date as online channels. Financial institutions should aim to educate consumers on security in order to avoid attacks. What have you been reading?

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Facial recognition technology at tipping point in payments

Banking 2020

They’ll embrace it,” the company’s security expert Ajay Bhalla told CNN. More secure? Selfie Pay is not only an alternative to a PIN-based physical transaction in store or at an ATM, but also for online payments. “Online payments are always a big headache. Step-change?

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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.”. Clearly cutting across the physical and online retail sectors is not as easy as it looks.

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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. It will be interesting to see a year from now what consumers are searching for online.

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5 Big Ways Mobile Banking has Changed the Industry

Banking 2020

In Crittercism’s 2015 Banking Survey , more than half of the 235 individuals surveyed reported banking online, while more than one third use mobile apps for their banking. This shift has caused another phenomenon: Banking with a brand-name institution is now less important to consumers. percent use a physical bank.

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The 5 Most Dangerous Mobile Banking Habits

Banking 2020

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.

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