Banking 2020
DECEMBER 17, 2015
According to Bankrate and Princeton Survey Research Associates International , four in ten Americans will be making their festive purchases with cash. on gifts, decorations, food and other Christmas purchases, according to a survey for the National Retail Federation, this is not a small amount of notes. Security is another factor.
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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PYMNTS
MAY 16, 2016
Explore how B2B FinTech is on the cusp of change as we break down all of the statistics and surveys below. 200 community banks have cut ties with Lending Club following the sudden departure of the alternative lender’s CEO and the subsequent hit to share prices, which reverberated across other alt-finance players. 65% of U.K.
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.
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.
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
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.
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