Banking 2020

FEBRUARY 20, 2015

Millennials likely to embrace nontraditional services: According to a recent survey conducted for FICO, millennials (aged 18-34) are more likely to use nontraditional services like Apple Pay or Google Wallet, proving that banking alternatives have the potential to grow rapidly if properly designed and executed.

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Millennials Innovation Mobile Samsung 40

Banking 2020

OCTOBER 27, 2014

Can CU Wallet Survive Apple Pay? US Bank ships mobile app for corporate payments – Finextra. Bank of America Customers Using Apple Pay See Double Charges - Go Banking Rates. Mobile Banking Divergence: Where True Adoption Begins – Bank Systems & Technology. – U.S.

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Data Apple Payments Mobile 40

Banking 2020

OCTOBER 27, 2015

Ok, so the Apple TV is finally here. If you do a web search for “Apple TV – financial services,” there’s almost nothing that relates directly to the subject. Hype aside, each new Apple release has played a critical role in changing human behavior (in fairness, the jury’s still out on the Apple Watch.). So what’s new?

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Banking 2020

SEPTEMBER 24, 2014

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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Apple Retail FDIC Course 71

Banking 2020

DECEMBER 1, 2014

About 60% of the consumers logging in did it via an Apple device. To be sure, in this environment of constant transformation, even the most comprehensive survey can offer little more than a snapshot in time; today’s killer app is tomorrow’s legacy technology. Among business users, the number jumped to 81%.

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Mobile Resources Apple Data 61

Banking 2020

DECEMBER 1, 2014

About 60% of the consumers logging in did it via an Apple device. To be sure, in this environment of constant transformation, even the most comprehensive survey can offer little more than a snapshot in time; today’s killer app is tomorrow’s legacy technology. Among business users, the number jumped to 81%.

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Mobile Resources Apple Data 58

Banking 2020

NOVEMBER 26, 2015

Take the latest service from Samsung, the Korean electronics giant, that is unleashing its rival to Apple Pay for its smartphone handsets. The doubts about any new technology like this rest on whether consumers would be on board. If people don’t go for it, it doesn’t matter how clever the technology is.

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Samsung Payments Apple Cards 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.

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Mobile Payments Regional National 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.

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Retail Trends Millennials Mobile 40

Banking 2020

AUGUST 27, 2015

As such, banks who are keen on implementing a card-less ATM solution will need to strengthen or review their enrollment process as attackers can register to mobile banking as a different user, providing them with the ability to steal cash (see a good example of how Apple Pay is exploited for fraud here ).

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Banking 2020

NOVEMBER 30, 2015

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. Key reasons for this include innovations in the technology industry that offer significant opportunities to financial firms.

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Banking 2020

NOVEMBER 20, 2015

These are just some of the questions around NFC – the technology that enables the bulk of today’s contactless payments – addressed in a new whitepaper that seeks to address the key issues around payment security. Key risks are around the data stored on the handset, such as card details, and access to mobile banking logins.

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Banking 2020

FEBRUARY 26, 2015

2015 will be the year for EMV technology to become an industry standard in the U.S: Since the liability shift deadline is right around the corner, the issuer banks, third party processors, acquirer banks, as well as the retailers will need to start and/or complete the Chip Issuance and Acceptance in 2015.

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Payments Bitcoin Mobile System 40

Banking 2020

JANUARY 25, 2016

Biometric technology is the new frontier for payment authentication; enabling providers to put an end to passwords and PINs. Apple Pay, enabled through the TouchID fingerprint scanner, is one of the most widely used versions. Brain versus brawn.

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Security System Technology New York 40

Banking 2020

NOVEMBER 8, 2015

It’s made possible by services like Apple Pay, which means the user can be authenticated using a fingerprint or a PIN. The card giant says shoppers will be able to use their contactless device for high value payments at all contactless terminals across Europe by 2017. Fraud question.

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Payments Fraud Cards Retail 40

Banking 2020

JUNE 23, 2015

Leading the way currently are devices like the new Apple Watch, Motorola’s Moto 360, Samsung’s Gear line and the Pebble Watch. Forward-thinking financial institutions are diving into development for the new platform to discover innovative possibilities for mobile banking in the age of even tinier screens. million units.

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Apple Management Mobile Video 40

Banking 2020

OCTOBER 15, 2015

There was a time when the launch of a new mobile payment system from one of the world’s largest and most dynamic technology companies would have been a massive event. For a generation weaned on technology-enabled instant gratification, it’s the ultimate goodie. So why is adoption still so sluggish? merchants were ready.

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Mobile Payments Samsung Google 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.

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Mobile Industry Millennials Survey 40

Banking 2020

OCTOBER 19, 2015

Technologies are now adopted by consumers at rates that defy the ability of many infrastructures to keep up. Nor is the genie going back in the bottle: New platforms will continue to be replaced by newer platforms, just as the number of apps—both the Apple and Android stores have over 1.5 There’s no question that this is a vital issue.

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Video Resources Apple Technology 40

Banking 2020

JANUARY 28, 2016

It’s a question that’s beginning to be asked as the explosion of new technology in the payments industry means consumers and businesses are left with an endless stream of channels to use. Are there too many ways to pay? In this crowded environment it’s hard to get your voice heard and it’s no surprise there are some casualties.

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Industry Payments System Online 40

Banking 2020

FEBRUARY 10, 2015

But we’d do well to remember that many technology-driven startups have caused a lot more disruption with a lot less. The biggest X-factor in the whole Bitcoin scenario is that it’s entirely technology-driven, which puts it far outside the financial mainstream. percent slice of most transactions.

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Bitcoin New York Apple Operations 40

Banking 2020

AUGUST 19, 2015

Fintech players, like Digital Insight, are excited about where this technology can take us, and want customers to engage with confidence and know that their information is safeguarded. Both Apple and Android have the same level of vulnerability when it comes to enterprise apps.

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Mobile Security US Data 40

Banking 2020

DECEMBER 9, 2015

Should financial services institutions look to ‘phablets’ as their next major technology opportunity? First, it’s important to note that there are many, many smartphone models available from companies not named Apple or even Samsung. And those brands don’t have to come from the phone manufacturer or carrier worlds.

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Banking 2020

JANUARY 20, 2016

Consumer and technology trends. This affinity for technology has created a culture of convenience, so it’s no surprise that mobile payments are increasing in popularity. 74% of adults in the Millennial generation say mobile banking is extremely important to them. 85% say they are open trying new banking and payment technologies.

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Mobile Millennials Bitcoin Security 40

Banking 2020

OCTOBER 8, 2015

On this blog we’re always looking at the intersection of financial services and technology, and that’s why this singular figure got our attention: $497 million. That’s how much just one institution has already made this year advising technology companies on financial services issues. At the same time, the learning can go both ways.

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