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CIT Bank 2020 Review

MyBankTracker

It comes with a debit card and online bill payment capabilities. Since there are no physical branches, digital banking tools are crucial to helping customers access and manage their CIT Bank accounts. And, they should be more than enough to handle the majority of everyday banking transactions. Related Articles.

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Banks and Credit Unions View Fintech Partnerships a Key Growth Strategy for 2020

Gonzobanker

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.

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The 10 Commandments of Payment Security

Banking 2020

Research from software analysis group CAST warned of deep structural flaws with the actual coding in mobile banking apps, revealing that almost three-quarters (69 percent) of financial services apps have data input validation violations. Thou shalt not let your card out of your sight. Also be cautious that the app you are.

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BNP Paribas trials seamless payment displays

Banking 2020

Users will be able to make a donation to a charity or order items online by placing their contactless payment card or their NFC smartphone on the screen. “This initiative is part of the innovation strategy of BNP Paribas, the bank for a changing world.

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Two Cyber Security Investments With a Silver Lining

Banking 2020

Keylogging spyware can be embedded in emails, videos and music files, software downloads and even legitimate websites. In addition to reselling the technology to your customers, your bank may consider giving the software away to your commercial customers to reduce breach risk and the subsequent indirect risk to loans and card reissuing.

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Maximize Online Banking Efficiency

Banking 2020

When branch employees use applications that are hosted at headquarters, network congestion and the distance the applications must travel can increase the time it takes to log into remote servers, download files, fulfill queries, etc.

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5 Big Ways Mobile Banking has Changed the Industry

Banking 2020

Prepaid cards and mobile wallets have become major disruptive forces in the financial services industry. And since these alternatives to paper cash are often combined with negligible interest rates, banks must continue to find new strategies to adapt to the rise of these new consumer banking options.

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