Banking 2020

JANUARY 27, 2016

It had to happen, and apparently it has: In the year just passed, according to the new report “2015 Mobile Banking, Smartphone, and Tablet Forecast” from Javelin Strategy & Research, 30% of customers used mobile banking on a weekly basis. But what exactly are they doing with those mobile apps?

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Banking 2020

NOVEMBER 10, 2015

Consumers around the world are becoming more interested in using their mobile devices to manage their financial affairs, with the use of mobile banking technologies set to double by the end of the decade. This is according to a new report by KPMG, which revealed the total number of mobile banking customers is set to hit 1.8

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Banking 2020

OCTOBER 9, 2015

Cases of card not present (CNP) fraud are continuing to rise across all corners of the globe, as EMV forces criminals away from traditional fraud channels. These incidents resulted in tens of millions of customers’ records ending up on online black markets, giving would-be fraudsters ample material to commit CNP fraud.

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Banking 2020

NOVEMBER 25, 2015

A booming market. China has rapidly become one of the world’s largest markets for online payments, driven by its burgeoning middle class, the growing proliferation of smartphone and tablets, and much improved mobile data coverage.

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Banking 2020

NOVEMBER 12, 2014

If you haven’t already heard of them, EyeVerify developed mobile authentication technology they call Eyeprint ID, that replaces traditional passwords with the uniqueness of the human eye, or your “eyeprint.” Hackers know that passwords are the Achilles’ Heel of internet and mobile. Source: WSJ.

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System Security Groups Mobile 101

Banking 2020

JANUARY 27, 2016

For the last few years, developed countries around the world have been witnessing an unrelenting march away from cash, as consumers take advantage of new technologies such as fast payments, contactless and mobile to complete transactions without resorting to notes and coins. Newer technologies help Asian markets.

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Banking 2020

FEBRUARY 26, 2015

With this reality in mind, a growing number of issuers and retailers have started acting on updating credit cards to EMV chip-enabled cards and upgrading their systems. The non-compliant ones will face the risk of losing their market share. Voices bitcoin EMV mobile technologies payments'

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Banking 2020

DECEMBER 16, 2014

While bankers are a little less mystified by the service, brave FIs are adopting and moving forward to become one of the first to market. To get a better sense of what adopting Apple Pay actually looks like, we chatted with Brice Mindrum, mobile services manager for America First Credit Union. We will be issuing EMV cards soon.

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Apple America Training Cards 84

Banking 2020

JANUARY 20, 2016

Citizens in Finland, the US and the Netherlands have been revealed as the most prolific users of non-cash payments such as credit and debit cards, according to a report that revealed which nations are leading the way with innovations in payments. Changing consumer habits are also not limited to these markets.

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Banking 2020

DECEMBER 3, 2015

This is among the key findings of Capgemini and Royal Bank of Scotland’s (RBS) latest World Payments Report , which revealed that these transactions – defined as those not statistically reported under usual payment methods such as credit/debit cards, cheques, direct debits and money transfers – accounted for between 24.5

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Payments Bitcoin Regulation Mobile 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.

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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.

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Banking 2020

NOVEMBER 11, 2015

Payment cards created a safer and quicker way to pay compared to cheques. Online banking lets people manage accounts without having to visit a branch. million online conversations in 61 markets, uncovered some key trends. The ATM satisfied a need for easier access to cash. But what’s driving payments innovation nowadays?

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Banking 2020

JANUARY 15, 2015

The retail banking industry has seen major changes occurring in the industry over the last few years with the adoption of mobile banking, the rise to prominence of the millennial demographic, narrowing margins, stagnant top line revenues, the future of the branch and continued regulatory changes. Digital Banking.

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Banking 2020

DECEMBER 8, 2015

In particular it seems that online purchases are a big target for fraudsters as the country’s e-commerce market booms. This amounted to a three per cent increase from the year, with credit cards accounting for nearly half of the losses. billion losses on credit and debit cards, cardholders had to absorb a loss of MXN 2 billion.

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Banking 2020

NOVEMBER 22, 2015

Cash is still dominant in most developing markets, and even in places like the US, paper money still accounts for most consumer payments by volume. “Cash is still an important means of payment in many countries’ markets, but that no longer applies here in Sweden,” he explained.

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Banking 2020

JULY 29, 2015

Even simple steps like updating or changing passwords every fortnight is a compulsory aspect of corporate and commercial banking firms. Furthermore, significance of security protocols on mobile devices must be clearly shown to customers. This calls for extreme pro-activity on part of banks.

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Banking 2020

JANUARY 29, 2016

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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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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Banking 2020

JANUARY 28, 2016

The latest is Amazon, which is leaving the mPOS market after barely a year. The internet retail giant is scrapping Local Register, the $10 app and dongle service that enables small businesses to accept card payments through a smartphone. When the market is this crowded, new systems need to have a unique selling point.

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Banking 2020

JANUARY 20, 2016

Cash and checks have taken a backseat to faster, more efficient payment methods like credit and debit cards. This affinity for technology has created a culture of convenience, so it’s no surprise that mobile payments are increasing in popularity. 50% of Millennials want mobile payments because they want faster transactions.

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Banking 2020

DECEMBER 23, 2014

We recently touched base with Shane Howell, Chief Product Officer, Westpac New Zealand , to discuss how Westpac’s mobile payment sticker roll-out was a strategic risk worth taking. In a few sentences, can you tell us about Westpac Bank? . Can you tell us about the recent mobile payment stickers Westpac recently launched?

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Banking 2020

NOVEMBER 12, 2015

Google and Samsung are two of the big name mobile wallet providers to join MasterCard’s new programme designed to speed up tokenization. The Digital Enablement Express scheme was launched in early September, with Capital One, Fifth Third Bank and KeyBank among the first issuers on board. What is tokenization? Tokenization confusion.

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Banking 2020

AUGUST 20, 2015

Cash will continue to feel a slight squeeze in developed markets, but play a stronger role elsewhere. Cash might diminish in use in some regions (Western Europe for example), but will elsewhere continue to be used for cultural reasons,” says the WPR 2014 from Capgemini and Royal Bank of Scotland. We don’t see much future in checks.

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