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. Overall, 123 billion such payments were made in the nation in 2013.

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US Payments National Innovation 40

Banking 2020

DECEMBER 3, 2015

Cash has always been the ultimate way of hiding your tracks but now the banking industry needs to start paying more attention to so-called ‘hidden payments’ that are not conducted using traditional channels, as these activities are growing at an increasing rate. Why the move to hidden payments?

Payments 40

Payments Bitcoin Regulation Mobile 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. Amazon Local Register is certainly not the first payment service to fail. The latest is Amazon, which is leaving the mPOS market after barely a year.

Industry 40

Industry Payments System Online 40

Banking 2020

JANUARY 29, 2016

Frictionless payments? But while progress has been steady, so far there has not been a revolutionary shift that has led to seamless, ubiquitous payments. The latest development comes from BNP Paribas, which is trialling a new generation of advertising displays that incorporate contactless payment capabilities.

Payments 40

Payments social media Innovation Strategies ATM 40

Banking 2020

AUGUST 20, 2015

The payments industry has gone through some pretty rapid changes over the last ten years or so; but just where will we be a decade from now? 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.

Payments 40

Payments social media cryptocurrency System 40

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.

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Strategy Fintech Study Customer Experience 110

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 154

Mobile Digital Banking Strategy Examples 154

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

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. The Payments Security Task Force estimates that 63% of all U.S.

Cards 40

Cards Security Retail Survey 40

Banking 2020

DECEMBER 7, 2015

There is a fine line in payments to be struck between ubiquity or choice. In other words, should we have one universally accepted form of payment, or a thousand different ways to pay? The analogy of cash and prepaid gift cards is useful. Every shop accepts cash, making it an ubiquitous form of payment. Directory’.

Atlanta 40

Atlanta social media Cards Payments 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 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

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

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?

Mobile 47

Mobile Technology US Payments 47

Banking 2020

JANUARY 20, 2016

Consumers have grown accustomed to a faster, more secure world and expect payment solutions to follow suit. Cash and checks have taken a backseat to faster, more efficient payment methods like credit and debit cards. Cryptocurrency is often lauded as the future of payments. Omni-channel payment process.

Mobile 40

Mobile Millennials Bitcoin Security 40

Banking 2020

AUGUST 25, 2015

It’s all too easy to talk about payments in terms of convenience from the very narrow consumer perspective. It’s easier to tap and go with your contactless card than to use cash at a till, but is it really transforming lives? The Bill and Melinda Gates Foundation predicts mobile money will catalyst change across the poorest nations.

Mobile 40

Mobile Examples National Payments 40