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. ” A divergence in strategy. Challenges ahead?

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Mobile Payments Regional National 40

Banking 2020

FEBRUARY 9, 2016

Mobile is no longer for a small slice of society; it’s redefining the way people live on a global scale. By 2020, this number will likely hit 6.1 In addition to the growing proliferation of mobile phones in society, the way we use them is evolving, too. Mobile creates a myriad of opportunities to revolutionize banking.

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Mobile Industry Millennials Survey 40

PYMNTS

MAY 16, 2016

At the same time, new evidence emerged to imply businesses will be adopting more sophisticated fleet payments tactics, while separate research found cause to believe B2B businesses are ready to implement mobile sales efforts for their corporate clients. 65% of U.K. Those services include bitcoin and peer-to-peer lending, analysts said.

Fintech 108

Fintech Lending Fraud Cards 108

Banking 2020

AUGUST 25, 2015

It’s easier to tap and go with your contactless card than to use cash at a till, but is it really transforming lives? In the developing world, however, the power of mobile banking and payments to radically improve the lives of people in poverty is something that deserves attention. Mobile transformation.

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Mobile Examples National Payments 40

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. No system is 100 per cent secure, so card details will always be compromised. The latest evidence for this trend comes from Australia.

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Fraud Cards Security System 40

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.

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System Security Groups Mobile 101

Banking 2020

DECEMBER 16, 2014

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. Brice Mindrum: We are seeing significant adoption from our members, many of whom were eagerly waiting for our cards to be supported. We will be issuing EMV cards soon.

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Apple America Training Cards 84

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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National Mobile Technology Payments 40

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. 2015 will be the year for EMV technology to become an industry standard in the U.S: To start with, we learned that the payment solutions system in the U.S.

Payments 40

Payments Bitcoin Mobile System 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.

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ATM User Experience Fraud UX 40

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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US Payments National Innovation 40

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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Security Apple Mobile System 40

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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Retail Trends Millennials 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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Atlanta social media Cards Payments 40

Banking 2020

NOVEMBER 26, 2015

The user needs to associate a debit or credit card with their account and it’s up and running, or they can even use an existing PayPal account. Visa recently launched a ‘connected car’ that is capable of making mobile and online purchases on the go. 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 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. Specifically, consumers want technology innovation to create more convenient ways to pay. The ATM satisfied a need for easier access to cash.

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Payments social media ATM Innovation 40

Banking 2020

JULY 29, 2015

It has been predicted that digitalization of banks and personal data is what is increasing risks and making banks vulnerable too. From websites which report bank and broker reviews to experts in security technology, many have the same prediction around money transfer online : the risks are now higher.

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Security Analytics Cards Training 40

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

Payments 40

Payments Bitcoin Regulation Mobile 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

JANUARY 29, 2016

Biometrics, contactless technology and social media hold promise, but there is not a straightforward way to create truly frictionless transactions. 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.

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Payments social media Innovation Strategies ATM 40

Banking 2020

MARCH 17, 2015

I love my mobile banking app. A lot of retail banks talk about how they’re ‘customer-friendly’, even though no friend would use the language we see in a typical mortgage application, bank statement, or credit card letter. Technology magnifies the problem. Voices customer experience mobile banking'

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San Francisco Customer Experience FDIC Mobile 40

Banking 2020

NOVEMBER 22, 2015

A study from Stockholm’s KTH Royal Institute of Technology says the country’s embrace of electronic payments means it’s set to ditch cash in the near future. Even Sweden’s homeless magazine sellers have to accept cards because no one carries notes or coins. “Our use of cash is small, and it’s decreasing rapidly.”

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Study ATM Mobile System 40

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 Course FDIC 71

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. Indeed it’s not even the first for the firm – Amazon abandoned its own mobile wallet system only six months into beta testing. Not the first.

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Industry Payments System Online 40

Banking 2020

OCTOBER 16, 2014

Vantage West is a full service financial institution, offering consumer and business loans, credit cards, and deposit products, as well as retirement accounts and a host of other financial services. The credit union has branches in Pima, Pinal, Maricopa and Cochise counties and serves its vast membership via online channels, as well.

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Arizona social media Tucson Video 68

Banking 2020

JANUARY 20, 2016

Consumer and technology trends. 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.

Mobile 40

Mobile Millennials Bitcoin Security 40

Banking 2020

DECEMBER 23, 2014

Introducing new technologies can often be a challenge when looking at customer adoption. 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? .

Mobile 47

Mobile Technology US Payments 47

Banking 2020

AUGUST 20, 2015

If the last ten years has taught us anything it’s that disruptive technologies can shift the direction of travel in a way few would expect. 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.

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Payments social media cryptocurrency System 40