Banking 2020

MARCH 7, 2015

A new World Council Report has worked to develop strategies for credit unions to execute on to attract younger members, including: providing digital services, turning employees into ambassadors and engaging with members on social media.

Mobile 40

Mobile Millennials Payments social media 40

Banking 2020

JANUARY 20, 2015

From social media to the use of all caps, every individual action can affect credit worthiness. It’s easy to get bogged down in the endless debate over the mingling of banking technology. Resisting the tide is to live in denial—things will change, and the better our industry can handle it, the better things will be for everyone.

Technology 40

Technology Lending social media Analytics 40

Banking 2020

APRIL 28, 2015

Many banks also allow their customers to pick and choose from multiple apps, so that each customer can use the one(s) most useful to them. Digital Banking with Social Face: Social media has already emerged as a platform, by which to build new connections and relationships.

Customer Experience 40

Customer Experience Digital Banking social media Millennials 40

Banking 2020

DECEMBER 15, 2014

This is not what banking IT departments already strained by mobile apps and social media channels really want to hear. And when that happens, those consumers will look for new ways to pay bills, make transfers and do financial research, just like they do now. The rest will just have to scramble.

Technology 89

Technology Apple social media Mobile 89

Banking 2020

SEPTEMBER 10, 2015

The technology protects everything from online transactions and network remote access to social media, personal and business information. Keystroke encryption software encrypts data instantly at the point of origin, when someone types on his or her keyboard.

Cyber Security 40

Cyber Security Security Fraud Software 40

Banking 2020

JANUARY 29, 2016

Biometrics, contactless technology and social media hold promise, but there is not a straightforward way to create truly frictionless transactions. But while progress has been steady, so far there has not been a revolutionary shift that has led to seamless, ubiquitous payments.

Payments 40

Payments social media Innovation Strategies ATM 40

Banking 2020

DECEMBER 7, 2015

If both Ps don’t have something in common (for example, financial institution, phone manufacturer, mobile application, social media, branded debit card), then the payment can’t occur and…back to the basics we go,” she writes on the Atlanta Fed’s Take On Payments blog. “Fragmentation is our obstacle in P2P today.

Atlanta 40

Atlanta social media Cards Payments 40

Banking 2020

NOVEMBER 11, 2015

Online banking lets people manage accounts without having to visit a branch. Integration of payment functions in social media; biometrics; mobile apps; contactless; wearable devices – these are all at the forefront of changes, posing new challenges and opportunities. But what’s driving payments innovation nowadays?

Payments 40

Payments social media ATM Innovation 40

Banking 2020

NOVEMBER 23, 2015

We recently spoke to Nicole Cypers, PR and Social Media Manager for America First Credit Union , to discuss how America First does just that and why they think it’s so important to do so. No matter how big or small your financial institution is, it’s important to connect with members of the local community.

America 40

America Utah Las Vegas Nevada 40

Banking 2020

NOVEMBER 10, 2015

Consumers will generally value the more personalised services that mobile offerings can provide, with the report urging businesses to consider areas such as virtual support, social media banking and ‘life tools’ such as cloud storage, as well as emerging device categories such as wearables.

Mobile 40

Mobile social media Security Report 40

Banking 2020

DECEMBER 15, 2014

They’ve been reared in a society that values participation and collaboration; sharing and exchanging ideas by way of blogs and social media is their norm. They are accustomed to forming connections and having conversations (albeit virtual) with anyone, anywhere.

Millennials 58

Millennials Management How To social media 58

American Banker

NOVEMBER 15, 2020

Financial institutions like Ally Financial, Clinton Savings Bank and First National Bank of Omaha are recruiting personal finance experts, college students and local personalities to promote their products and services.

Omaha 98

Omaha Branding National social media 98

Banking 2020

NOVEMBER 27, 2015

In fact, while news of data breaches at recognizable brands often commands headlines, a stunning 86% of consumers trust their bank over all other institutions to securely manage their personal data. That’s far, far above mobile phone network providers, online retailers, consumer technology companies, and even social media providers.

Millennials 40

Millennials Survey social media Online 40

Banking 2020

MARCH 26, 2015

Furthermore, the CFPB is expected to give clear guidelines on using SMS, email, and social media in debt collections. A clear rule from the CFPB, no matter how restrictive the guidelines may be, means an open race to using digital media and its advantages: real time communication, 24/7 availability, data feedback and more.

Industry 40

Industry Guidelines social media Technology 40

American Banker

OCTOBER 9, 2020

Crane Credit Union has taken an Instagram Stories-like approach, while Certified Federal Credit Union is crafting personalized email messages.

Marketing 74

Marketing social media Banking 2020 Digital Banking 74

Banking 2020

MARCH 10, 2015

In today’s fast-paced life, this means engaging with them through social media, as well as hosting educational events. Starting in their immediate area, block by block, farm by farm, bankers have to reacquaint themselves with their neighbors.

Community 40

Community Lending Capital Conference 40

Banking 2020

JULY 1, 2015

In August, finalists for the Mini Grant program will be featured on our Truliant.org website and in social media as we encourage our local communities to rally behind their favorite project and cast their vote. This year our Community Mini Grant categories include financial education, basic needs (shelter, food, etc.),

South Carolina 40

South Carolina North Carolina Community Virginia 40

Banking 2020

JANUARY 26, 2016

One of the things that we see in the digital world is how individuals require a different identity, login and password for so many of the different services they access – from government portals to social media sites. Its Identity Verification Service is being tested now and will run until February 2016.

social media 40

social media Online Data Security 40

Banking 2020

JANUARY 19, 2016

That means using data—and the analytics that go with it—to fuel outreach initiatives through social media, geo-location, omni-channel and a whole lot more. The bank’s own data surely features details on the consumer’s spending habits and credit rating, but now there’s so much more. And therein lies the way forward.

Data 40

Data social media Big Data Analytics 40

Banking 2020

AUGUST 20, 2015

By 2024 most mature markets will have ditched cheques in favour of more seamless peer-to-peer channels like Paym in the UK, or new social media systems like that apparently being looked at by Facebook. Wearable devices already allow people to simply deliver a voice command to send money.

Payments 40

Payments social media cryptocurrency System 40

Banking 2020

JUNE 11, 2015

In contrast, fraud scoring systems determine the risk level by rating each sale using technologies that track IP origin and proxy detection, as well as mine social media and customer history. One downfall of this solution is that cardholders must proactively register their credit cards.

Cards 40

Cards Fraud System Security 40

Banking 2020

JANUARY 20, 2016

From browsing on social media, to clicking through to the mobile site, to paying on the computer, the modern customer moves across multiple channels while shopping. Consumers have come to expect integrated and personalized experiences when they buy.

Mobile 40

Mobile Millennials Bitcoin Security 40

Banking 2020

OCTOBER 8, 2015

Social media and mobile advances, among other trends, have spawned a new generation of disruptive startups, and for every Instagram or Twitter out there, there’s a thousand that want to be. And therein lies a potential opportunity.

social media 40

social media Apple Industry Technology 40

Banking 2020

DECEMBER 18, 2014

Of course, that hasn’t stopped supporters and critics alike from flooding the airwaves and social media channels with their opinions. But look through it and you’ll find a provision that, even for industry observers, can seem a little arcane.

Regulation 86

Regulation social media FDIC Industry 86