Banking 2020

JUNE 11, 2015

Big changes are happening in the credit card processing industry that will impact every business accepting credit card payments. Ideally, once EMV is fully deployed, credit cards will no longer be “swiped”. After the EMV authentication and verification, the credit card sale will be handled much like it is today.

Cards 40

Cards Fraud System Security 40

Banking 2020

DECEMBER 17, 2015

In particular the richer households prefer credit cards over debit cards – again sound budgetary decisions are a factor here. Lower earners prefer the debit card. With a debit card a consumer can only spend what’s in their checking account. Security is another factor. Mobile wallets.

Cards 40

Cards Mobile Security Survey 40

Payments Source

JUNE 29, 2020

Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier.

Data 123

Data Fintech Cards Banking 2020 123

American Banker

OCTOBER 22, 2020

The media company Urban One has launched a new account that includes a prepaid debit card and encourages customers to buy from Black-owned business and lets them donate their cash back to charity.

Cards 85

Cards Company Banking 2020 Digital Banking 85

Payments Source

OCTOBER 22, 2020

The media company Urban One has launched a new account that includes a prepaid debit card and encourages customers to buy from Black-owned business and lets them donate their cash back to charity.

Cards 72

Cards Company Banking 2020 Digital Banking 72

Gonzobanker

MARCH 26, 2020

According to the Cornerstone Performance Report for Banks , the median bank’s active mobile banking users as a percentage of checking accounts was 36% in 2019, digital origination of consumer loans stood at 12% of volume, and deposit accounts originated online were an anemic 2%. Who prints the card?

Mobile 188

Mobile Digital Banking Strategy Resources 188

Payments Source

MAY 27, 2020

The reloadable debit card resembles a bank account with new high-yield savings account and other tweaks.

Cards 79

Cards Banking 2020 Digital Banking 79

American Banker

JULY 16, 2020

Fintechs like Greenlight and gohenry have drawn millions of teens with features like savings goal tracking and customizable debit cards.

Cards 89

Cards Fintech Banking 2020 Digital Banking 89

PYMNTS

MAY 16, 2016

While Lending Club generally focuses its services on consumers, the implications of Laplanche’s resignation have echoed throughout the SME lending space as well and could see a further decline in banks backing small business loans offered through marketplace platforms. 65% of U.K. and U.S.

Fintech 108

Fintech Lending Fraud Cards 108

Gonzobanker

FEBRUARY 19, 2020

Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. In What’s Going On In Banking 2020: Outlook for a New Decade , 65% of banks and 76% of credit unions say these partnerships will be an important part of their business strategies this year.

Strategy 143

Strategy Fintech Study Customer Experience 143

American Banker

MAY 27, 2020

The reloadable debit card resembles a bank account with new high-yield savings account and other tweaks.

Cards 88

Cards Banking 2020 Digital Banking 88

American Banker

NOVEMBER 20, 2020

Daylight's initial product lineup includes a prepaid debit card with the customer’s chosen name and educational content around issues unique to LGBT households.

Digital Banking 78

Digital Banking Community Cards Banking 2020 78

American Banker

JUNE 29, 2020

Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier.

Data 78

Data Fintech Cards Banking 2020 78

Banking 2020

NOVEMBER 28, 2015

As the US comes out of its first post-EMV liability shift months, it’s worth looking at how chip cards have evolved over the years to improve security and how lessons learnt in other countries have made smart cards more secure than ever. These were card-present frauds that managed to nullify the PIN. CDA explained.

Fraud 40

Fraud Cards Security Analysis 40

Banking 2020

OCTOBER 12, 2015

Named after the three organisations that developed the specifications – Europay, MasterCard and Visa – EMV is the global benchmark for credit and debit cards that incorporate chip technology. EMV cards have embedded microprocessors that make them much more secure than traditional magnetic stripe cards. Who uses EMV?

Fraud 40

Fraud Cards Security Data 40

Banking 2020

OCTOBER 7, 2015

The EMV (Europay, MasterCard, Visa) shift went into effect on October 1, 2015 and a majority of large retailers and merchants have upgraded POS terminals to accept EMV chip cards. Despite this new mandate, many consumers are still waiting for new EMV cards. If you don’t have a chip card, request one from your issuing bank.

Cards 40

Cards Security Retail Survey 40

Banking 2020

NOVEMBER 25, 2015

This has posed problems, not least the fact it’s the only country in the world where counterfeit card fraud losses are rising. Counterfeit card fraud to drop. In the UK, losses from domestic counterfeit card fraud fell straight away. Fraud from counterfeit cards in the UK declined 56 per cent from 2005 to 2013.

US 40

US Marketing Fraud Cards 40

Banking 2020

AUGUST 27, 2015

The US has been identified as the leading country for card fraud, after a new study revealed almost half of global losses to the crime last year occurred in the nation. per cent of worldwide plastic card losses – including credit, debit and prepaid cards – took place in the US, amounting to $7.86 billion in 2020.

Fraud 40

Fraud US Cards National 40

Banking 2020

NOVEMBER 17, 2015

It’s been very well documented that fraud tends to shift to the card-not-present (CNP) arena when EMV is introduced in a country. In the UK, counterfeit card fraud at first fell sharply but then picked up in 2007 and 2008 as it shifted abroad. It’s getting harder for criminals to use stolen EMV card details abroad.

US 40

US Atlanta Fraud Cards 40

Banking 2020

NOVEMBER 24, 2015

Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3 The organisation said: “Banks’ and card companies’ security systems detected and prevented a total of £910.9

Fraud 40

Fraud Cards Cyber Security System 40

Banking 2020

JANUARY 22, 2016

But just how far have things really come since the introduction of chip cards and terminals? The National Federation of Independent Business (NIFB) reports that only about a third of smaller merchants are familiar with the new chip cards. One-third who had tried to use their new EMV card were not aware of the correct way to do so.

US 40

US Report Cards Security 40

Banking 2020

SEPTEMBER 28, 2015

Chip cards are being issued to consumers and merchants are upgrading their point of sale terminals to adapt. Given the advantages of EMV cards, we would expect more enthusiasm. The key shift resulting from EMV will be a reduction in card-present fraud. per cent of worldwide plastic card losses – amounting to $7.86

Compliance 40

Compliance Cards Fraud Industry 40

Banking 2020

NOVEMBER 8, 2015

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. Retailers are already gearing up for accepting contactless at every point of sale terminal by 2020. In July 2015, 43 per cent of new terminals installed were contactless-ready.

Payments 40

Payments Fraud Cards Retail 40

Banking 2020

DECEMBER 7, 2015

The analogy of cash and prepaid gift cards is useful. But consumers also want choice – so for instance they want to buy a store-branded gift card to give as a present. This closed-loop prepaid gift card might be restricted for use in only one chain of shops. Every shop accepts cash, making it an ubiquitous form of payment.

Atlanta 40

Atlanta social media Cards Payments 40

Banking 2020

NOVEMBER 24, 2015

Predicting the future of cash and card payment volumes is arguably a fool’s errand – but Payments UK, Britain’s new trade organisation for the industry, is in a good place to have a go at guessing what’s to come. We’ll be making more card payments. Card payment volumes are predicted to increase by 66 per cent over the next decade.

Payments 40

Payments ATM Cards Comparison 40

Banking 2020

JANUARY 28, 2016

For all the talk around electronic payments becoming ubiquitous and the death of cash, there is still a long way to go before every single merchant accepts cards. But this is changing fast as more businesses take the decision to enable consumers to make card payments. million at the end of 2014 to 90.3

Payments 40

Payments Regional Cards America 40

Banking 2020

DECEMBER 16, 2014

Brice Mindrum: We are seeing significant adoption from our members, many of whom were eagerly waiting for our cards to be supported. Were you already planning on launching or do you already have EMV cards? We will be issuing EMV cards soon. Are these users continuing to use the service?

Apple 84

Apple America Training Cards 84

Banking 2020

NOVEMBER 12, 2015

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.

Technology 40

Technology Payments ATM System 40

Banking 2020

OCTOBER 15, 2015

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.

Mobile 40

Mobile Payments Samsung Google 40

Banking 2020

DECEMBER 8, 2015

This amounted to a three per cent increase from the year, with credit cards accounting for nearly half of the losses. And in terms of the bank-consumer relationship, customers are personally on the hook for over a third of the losses. “Of billion losses on credit and debit cards, cardholders had to absorb a loss of MXN 2 billion.

Fraud 40

Fraud Cards Online Strategy 40

Banking 2020

AUGUST 11, 2015

downloading is actually from your bank – look out for the publisher and also how many people have downloaded it and reviewed it. Thou shalt not let your card out of your sight. The days of waiters wandering off with your card in a restaurant may be long gone in some countries, but it’s not unusual elsewhere.

Security 40

Security Payments Fraud Cards 40

Banking 2020

NOVEMBER 12, 2015

In tokenization, the card’s primary account number (PAN) is replaced with an alternate card number called a token. Merchants can be left with two tokens for one card or, worse, no way to get back to the original card number for things like chargeback or disputes. What is tokenization?

Samsung 40

Samsung Google Cards Security 40

Banking 2020

SEPTEMBER 18, 2014

A recent study by Wedding Report on how families fund weddings reported that 1 in 3 couples covered wedding expenses with a credit card, 7 percent got a new credit card for wedding expenses, and 9 percent took out a loan.

How To 90

How To New York City Idaho Study 90

Banking 2020

OCTOBER 14, 2015

As payment fraud continues to rise, particularly in the card-not-present (CNP) space, this approach is proving an effective fraud detection technique. In payments and banking, the social networks consist of accounts, card numbers, customers, phone numbers, email addresses and so on.

Analysis 40

Analysis Fraud Payments Case Study 40

Banking 2020

JULY 15, 2015

CPFCU also offers police-themed debit and credit cards, like our Copper Card, which is a credit card that offers 1% cash back on purchases. These cards also benefit individual state and local FOP Lodges and help them to save money. We offer a uniform loan to help pay for officers’ equipment and uniforms.

National 40

National Chicago Community Illinois 40

Banking 2020

AUGUST 27, 2015

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.

ATM 40

ATM User Experience Fraud UX 40

Banking 2020

NOVEMBER 20, 2015

Key risks are around the data stored on the handset, such as card details, and access to mobile banking logins. For payments, this controls the interactions between the issuing bank, mobile payment app and the merchant. HCE – Host Card Emulation – means it’s possible to make a payment without accessing the SE.

Security 40

Security Apple Mobile System 40