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. Developing nations set to close the gap.

National 40

National Mobile Technology Payments 40

Banking 2020

DECEMBER 17, 2015

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. When we talk about payments it’s easy to focus on convenience, security and acceptance. Meanwhile, one in three (31 percent) said other payments are more convenient.

Cards 40

Cards Mobile Security Survey 40

Banking 2020

NOVEMBER 17, 2015

Ireland is tackling the cost of cash problem head on by becoming the latest European nation to ditch one and two-cent coins. The country’s central bank says it costs 1.65 Rounding only affects cash payments – electronic payments will not change. cents to produce a one-cent coin, and 1.94

National 40

National Retail US Payments 40

Banking 2020

AUGUST 27, 2015

The US has been identified as the leading country for card fraud, after a new study revealed almost half of global losses to the crime last year occurred in the nation. Although the US is taking steps to improve its payment infrastructure and encourage EMV compliance, usage rates remain significantly behind those in Europe.

Fraud 40

Fraud US Cards National 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? Every shop accepts cash, making it an ubiquitous form of payment. The analogy of cash and prepaid gift cards is useful. Directory’.

Atlanta 40

Atlanta social media Cards Payments 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. 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 40

Mobile Examples National Payments 40

Banking 2020

NOVEMBER 22, 2015

Cash is still dominant in most developing markets, and even in places like the US, paper money still accounts for most consumer payments by volume. 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. Number one?

Study 40

Study ATM Mobile System 40

Banking 2020

OCTOBER 18, 2015

Financial inclusion efforts are building globally as new technology and a swathe of regulatory reforms are helping some of the world’s poorest people to make use of banking and payment services. There is the economic case – the more people can save, invest and make payments as and when they choose, the more growth we get.

ATM 40

ATM Payments Industry National 40

Tech and Finance

APRIL 29, 2016

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

Retail 28

Retail Regional Innovation Survey 28

Tech and Finance

APRIL 29, 2016

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

Retail 28

Retail Regional Innovation Survey 28

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. Merchants may be slow.

US 40

US Atlanta Fraud Cards 40

Banking 2020

NOVEMBER 19, 2015

Biometric authentication has rightly been hailed as a safer and more secure way to verify the person initiating a payment. Because of biometric authentication available on the latest smartphones, limits on some contactless payments made using a phone are being scrapped. But is biometric data as secure as we imagine it to be?

Security 40

Security Fraud Data Industry 40

Banking 2020

JANUARY 22, 2016

The National Federation of Independent Business (NIFB) reports that only about a third of smaller merchants are familiar with the new chip cards. Four in ten of the NIFB’s small employers accepting electronic payments have chip enabled processing equipment. “The Not only that, but almost half had not heard of the liability shift.

US 40

US Report Cards Security 40

Banking 2020

DECEMBER 16, 2014

Obvious examples include functions like technology, data, security, finance; and business groups like payments, fintech and retail banking. But this shift has also occurred in more traditional businesses.

Leadership 52

Leadership Regional America Industry 52