Banking 2020

NOVEMBER 13, 2015

Articles via USA Today, Payments Today, The Financial Brand and Bloomberg. No security silver bullet for mobile payments: As mobile payments become more popular for consumers, it is also making mobile devices a growing target for hackers. The hackers pulled off the largest theft of customer data from a U.S.

Mobile 40

Mobile Boston Payments Security 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?

Industry 40

Industry Payments System Online 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 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

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

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. They also cite a report from the Mexico Daily News showing that banks had experienced approximately 2.9

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

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.

Cards 40

Cards Mobile Security Survey 40

Banking 2020

OCTOBER 12, 2015

EMV cards have embedded microprocessors that make them much more secure than traditional magnetic stripe cards. EMV cards contain a microprocessor chip that securely holds information and performs cryptographic processing during a transaction. Why are EMV cards more secure? This can be done online or offline. More than 3.4

Fraud 40

Fraud Cards Security Data 40

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

Fraud 40

Fraud Cards Cyber Security System 40

Banking 2020

OCTOBER 7, 2015

The Payments Security Task Force estimates that 63% of all U.S. If you don’t have a chip card, request one from your issuing bank. Make Your First Chip Card Transaction: As banks are issuing chip cards, most retailers are simultaneously chip-enabling their payment terminals.

Cards 40

Cards Security Retail Survey 40

Banking 2020

MAY 27, 2015

Nearly 60 percent of smartphone owners have used their device to bank online, according to new data collected by the Pew Research Center. If you accept mobile payments from customers at off-site events like trade shows, festivals or farmer’s markets, choose a mobile payment provider that offers an “offline” mode.

Mobile 40

Mobile Security Software System 40

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. Even the PIN may have had its day.

Mobile 40

Mobile social media Security Report 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

FEBRUARY 2, 2016

Yes, retail for sure—a quick search online turns up hundreds of stories about retail omni-channel. And here’s one more nugget of particular interest to the folks in banking: The issue of payment and data security remains a thorn in the side of many retailers. A holistic experience that represents true convergence?

Retail 40

Retail Strategy Boston Industry 40

Banking 2020

NOVEMBER 25, 2015

“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. CNP fraud will rise. Only it’s not that simple. billion in 2018.

US 40

US Marketing Fraud Cards 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

SEPTEMBER 14, 2015

Mobile banking is convenient and makes it easy for people to stay on top of their finances. By transferring money, checking your balances, or scheduling bill payments from your phone, you could unwittingly put your banking information at risk. Here are the five most dangerous mobile banking habits that users should avoid.

Mobile 40

Mobile Cards Apple Online 40

Banking 2020

FEBRUARY 9, 2016

In Crittercism’s 2015 Banking Survey , more than half of the 235 individuals surveyed reported banking online, while more than one third use mobile apps for their banking. This shift has caused another phenomenon: Banking with a brand-name institution is now less important to consumers. percent use a physical bank.

Mobile 40

Mobile Industry Millennials Survey 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.

social media 40

social media Online Data Security 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

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