Banking 2020

AUGUST 11, 2015

Here are the ’10 Commandments of Payment Security': 1. This requires vigilance, using secure browsers, not opening suspicious looking emails and being careful with pop-ups; all of which could let a rogue piece of software onto your device. Thou shalt only use the bank’s official mobile app.

Security 40

Security Payments Fraud Cards 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 19, 2015

Three’s a crowd, so the saying goes, but it could also mean fraud losses for banks and merchants if they’re not careful. We’ve identified three types of third party security issues that need addressing. Third party payment provider security. Third party vendor security. Third party merchant security.

Security 40

Security Fraud Regulation System 40

Banking 2020

APRIL 24, 2015

Articles via Mobile Payments Today, BAI Banking Strategies, The Financial Brand, Bank News. Study: improved security is key to success for mobile banking: A recent survey from RateWatch revealed that while mobile banking may be struggling to attract new customers, those already using it are doing so more often.

Millennials 40

Millennials Innovation Security Mobile 40

Banking 2020

JULY 29, 2015

Given the targeted activism of hackers who have seen quick successes in massive hacks, now more than ever, banking security has been questioned. The trust that people have in banks comes in question even when a minor discrepancy is seen in a bank’s standards of security. Train employees and customers.

Security 40

Security Analytics Cards Training 40

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

Mobile 40

Mobile social media Security Report 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. But what’s driving payments innovation nowadays? New digital payment methods are seen as largely positive because they make it easier to pay. Acceptance.

Payments 40

Payments social media ATM Innovation 40

Banking 2020

SEPTEMBER 14, 2015

Mobile banking grows more ubiquitous every year. 52 percent of smartphone owners with a bank account use mobile banking, according to the Federal Reserve , and more than half of users log in at least 2 to 3 times a week. Mobile banking is convenient and makes it easy for people to stay on top of their finances.

Mobile 40

Mobile Cards Apple Online 40

Banking 2020

FEBRUARY 26, 2015

2014 marked the year we became all too familiar with terms such as data breaches, data protection and payment solutions, thanks to high-profile security breaches to Target, Staples, Kmart, and The Home Depot, to name a few. To start with, we learned that the payment solutions system in the U.S. The answer is not much.

Payments 40

Payments Bitcoin Mobile System 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.

Mobile 40

Mobile Industry Millennials Survey 40

Banking 2020

NOVEMBER 8, 2015

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers.

Cyber Security 40

Cyber Security Payments Security Regulation 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

NOVEMBER 25, 2015

China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. Therefore, proposals issued by the country’s central bank will aim to add “much-needed safeguards” to tackle these issues, the Wall Street Journal reports.

Regulation 40

Regulation Online Marketing Payments 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. Users hate passwords.

System 101

System Security Groups Mobile 101

Banking 2020

NOVEMBER 8, 2015

MasterCard is setting free contactless payments, with a move to end the cap on tap-and-go transaction values. 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. In July 2015, 43 per cent of new terminals installed were contactless-ready.

Payments 40

Payments Fraud Cards Retail 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

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

DECEMBER 17, 2015

Online shopping, mobile wallets, biometric ID – given all the media attention around new ways to pay, you’d be forgiven for thinking that cash has quietly shuffled off this mortal coil. When we talk about payments it’s easy to focus on convenience, security and acceptance. Security is another factor. Mobile wallets.

Cards 40

Cards Mobile Security Survey 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. Are there too many ways to pay? Omnichannel trouble.

Industry 40

Industry Payments System Online 40

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. Are you adding any additional security or authentication on top of provisions within the Apple Pay service? Voices America First Credit Union Apple Pay mobile payments'

Apple 84

Apple America Training Cards 84

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. Omni Channel banking.

Retail 40

Retail Trends Millennials Mobile 40

Banking 2020

OCTOBER 28, 2014

Could they be tied to internal initiatives, such as a successful ad campaign or the release of new services and mobile apps? But then, of course, we get to the mobile area, and that’s always grounds for significant changes. Oddly, searches for bank branches and ATMs haven’t receded.

Google 86

Google ATM Trends Study 86

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 recent years, debit card losses have grown faster primarily due to the growth in such payments as debit cards become a substitute for cash,” says the report. However, the banks need to make sure they are responding in kind.

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

APRIL 28, 2015

This digital experience is vital, as it determines whether they should stay or move to different banks for better service. Across the globe, adoption of mobility is surpassing the Internet and all other channels in banking. to offer contextual real time decisions to digital banking customers.

Customer Experience 40

Customer Experience Digital Banking social media Millennials 40

Banking 2020

FEBRUARY 2, 2016

While it’s never a case of technology alone, the hardware and software solutions needed to enhance point-of-sale transactions, as well as boost mobile capabilities for purchasing and other functions, hasn’t worked as flawlessly as was hoped. To be clear, there have been some major obstacles.

Retail 40

Retail Strategy Boston Industry 40

Banking 2020

JANUARY 21, 2016

New technologies and the growing number of mobile devices have prompted banking institutions to rethink their traditional way of doing business. Bank, we realize value is shifting away from merely banking services and moving toward building and maintaining deep customer relationships. Retiring (24%). Finding a Balance.

Survey 40

Survey Innovation Technology Industry 40

Banking 2020

JANUARY 22, 2016

Four in ten of the NIFB’s small employers accepting electronic payments have chip enabled processing equipment. Many owners have done their homework and the card payment industry has done a good job at educating their customers,” she added. Even with a signature for authorization, chip cards are still more secure.

US 40

US Report Cards Security 40

Banking 2020

JANUARY 29, 2016

According to the Association for Financial Professionals’ 2015 Payments Fraud and Control Survey , 62% of companies were targets of financial fraud in 2014. Twenty-eight percent of large organizations (those with over 100 payment accounts) report that the potential loss from fraud in 2014 was greater than $250,000.

Fraud 40

Fraud Analysis Policies Training 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.

Mobile 40

Mobile Millennials Bitcoin Security 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

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

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.

Samsung 40

Samsung Google Cards Security 40