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CIT Bank 2020 Review

MyBankTracker

It comes with a debit card and online bill payment capabilities. Typically, with a checking account from a brick-and-mortar bank, you’ll lose roughly $5 per out-of-network ATM transaction. Rather, you can use online bill payments to send checks to billers. CIT Bank Savings Builder. Related Articles.

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Biometric security not all it’s cracked up to be?

Banking 2020

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?

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Can faster payments outrun fraud?

Banking 2020

Payment security and speed go hand in hand, according to the Federal Reserve and NACHA. The Fed’s recently unveiled plan to roll out real-time payments in the U.S. businesses and consumers complete transactions, as the nation is only just getting up to speed with EMV technology. Payments in the U.S. UK case study.

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M-Pesa open API part of wider payments progress

Banking 2020

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. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016.

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Cash or card: How do you pay for Christmas?

Banking 2020

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. Security is another factor. Plastic fantastic. Mobile wallets.

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EMV in the US: Progress report

Banking 2020

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.

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Five EMV lessons for the US

Banking 2020

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.

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