Banking 2020

OCTOBER 15, 2015

There was a time when the launch of a new mobile payment system from one of the world’s largest and most dynamic technology companies would have been a massive event. And that lack of excitement says more about the state of mobile payments than a hot new product might. The security levels are quite high as well.

Mobile 40

Mobile Payments Samsung Google 40

Banking 2020

NOVEMBER 25, 2015

So what can the US market expect to happen after the liability shift? Maintaining signature as a cardholder verification method for EMV chip cards might not have a similar positive impact on lost or stolen card fraud as experienced in chip-and-PIN countries,” noted Douglas King, an expert on the Retail Payments Risk Forum at the Atlanta Fed.

US 40

US Marketing Fraud Cards 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

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

Industry 40

Industry Payments System Online 40

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. At the turn of the millennium, just 1.8

Innovation 40

Innovation Payments Lending Financial Technology 40

Banking 2020

NOVEMBER 12, 2014

.” Recently we chatted with Chris Barnett, EVP of Global Sales & Marketing, EyeVerify , to learn a bit more about their new biometric for banking. Chris Barnett: The problem that Eyeprint ID solves is the password: Both the inconvenience of a password and the security vulnerability of a password. Users hate passwords.

System 101

System Security Groups Mobile 101

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 will continue to feel a slight squeeze in developed markets, but play a stronger role elsewhere. Closed loop payment instruments like prepaid cards will become more popular.

Payments 40

Payments social media cryptocurrency System 40

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. Consumer and technology trends.

Mobile 40

Mobile Millennials Bitcoin Security 40

Banking 2020

DECEMBER 17, 2015

When we talk about payments it’s easy to focus on convenience, security and acceptance. For higher earners – those with household incomes above $75,000 – plastic is the number one payment method. Security is another factor. Meanwhile, one in three (31 percent) said other payments are more convenient.

Cards 40

Cards Mobile Security Survey 40

Banking 2020

MAY 27, 2015

Small-business owners can leverage on-the-go banking or cloud-based accounting systems that can be accessed on a mobile device to gain operational efficiencies and lower overhead costs, but the need to keep financial information secure is as critical as ever. Don’t assume that your mobile browser is secure.

Mobile 40

Mobile Security Software System 40

Banking 2020

NOVEMBER 12, 2015

The Digital Enablement Express scheme was launched in early September, with Capital One, Fifth Third Bank and KeyBank among the first issuers on board. It makes it easier for wallets like Android Pay or Samsung Pay to request payment tokens via the MasterCard Digital Enablement Service. What is tokenization? Tokenization confusion.

Samsung 40

Samsung Google Cards Security 40

Banking 2020

DECEMBER 8, 2015

Mexico’s consumers are being hit by payment fraud losses, but they are prepared to do something about it. In particular it seems that online purchases are a big target for fraudsters as the country’s e-commerce market booms. However, the banks need to make sure they are responding in kind. Fraud rises. Action demanded.

Fraud 40

Fraud Cards Online Strategy 40

Banking 2020

OCTOBER 9, 2015

According to figures from the Australian Payments Clearing Association (APCA), the country saw credit and debit card fraud increase by more than a quarter (26 per cent) between 2013 and 2014. million over the 12-month period, the Australia Payments Fraud – Details and Data report revealed. It now stands at 58.8

Fraud 40

Fraud Cards Security System 40

Banking 2020

JANUARY 26, 2016

The challenge here is do something secure enough to handle sensitive data like payments, bank details, social security numbers, etc. So the task is falling to banks, who are increasingly realizing that they are the trusted custodians of essential personal data. Schemes like these are conceptually nothing new.

social media 40

social media Online Data Security 40

Banking 2020

NOVEMBER 17, 2015

David Lott, a payments risk expert in the Retail Payments Risk Forum at the Atlanta Fed, notes that first party fraud may rise as a result of EMV as criminals shift their attention to easier avenues. Moreover, EMV allows for secure contactless payments, which are exploding in popularity around the globe.

US 40

US Atlanta 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

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. Are you adding any additional security or authentication on top of provisions within the Apple Pay service? We believe the security measures implemented by Apple and Visa are sufficient.

Apple 84

Apple America Training Cards 84

Banking 2020

NOVEMBER 10, 2015

The need for security. Banks will also need to invest in the most advanced security systems possible for their mobile offerings in order to ensure users have confidence in the solutions. We can see biometric authentication exploding as mobile banking takes off.

Mobile 40

Mobile social media Security Report 40

Banking 2020

JANUARY 15, 2015

Payment disruption and innovation. This year will be huge for payment disruption. The sheer amount of advertising around security features will begin to drive consumers away from plastic and toward mobile-only payments. Apple Pay opened the door for mobile payments, and continued evolution is certain.

Retail 40

Retail Trends Millennials Mobile 40

Banking 2020

OCTOBER 28, 2014

True to form, mobile banking solutions continue to spike in popularity—the billions devoted to development and distribution, not to mention security, seem to be paying off. Oddly, searches for bank branches and ATMs haven’t receded. On the flip side, consumers don’t seem nearly as interested in mobile payments.

Google 86

Google ATM Trends Study 86

Banking 2020

FEBRUARY 2, 2016

Regardless of how and why they hit the market, some technology-driven innovations seem to lend themselves to particular vertical markets and/or disciplines. Revolutionizing every aspect of sales and marketing in the process? There are lessons to be learned from experiences in retail. Wearable technologies? Social channels?

Retail 40

Retail Strategy Boston Industry 40

Banking 2020

APRIL 28, 2015

Across the globe, adoption of mobility is surpassing the Internet and all other channels in banking. At this juncture, customer experience is primarily decided by speed, anytime-anywhere-any device banking, security and simple intuitive clicks. to offer contextual real time decisions to digital banking customers.

Customer Experience 40

Customer Experience Digital Banking social media Millennials 40