PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

System 258

System Operations Fintech Taxes 258

Gonzobanker

JUNE 7, 2023

The launch of Charlie points to an underserved niche in banking: older adults. In mid-May, a digital bank account for the 62+ crowd debuted in the United States. Mix in the added drama of regulators condemning the banking-as-a-service model, and there’s added risk. Well, it happened. life expectancy was 76.1

Los Angeles 133

Los Angeles Fintech Digital Banking Tools 133

PYMNTS

MARCH 19, 2019

Is there a newer way to treat data that might also help prevent fraud? Meanwhile, it’s becoming clear that when it comes to banks trying to gain an edge in this increasingly mobile and digital world, technology doesn’t always function as a silver bullet. 30 years: Age of the world wide web.

Data 124

Data Payments Fraud Branding 124

PYMNTS

JUNE 30, 2020

Credit union (CU) members are traditionally loyal, but the accelerated shift to digital banking amid the pandemic has led a growing number to consider other banking options. percent of CU members are at least “somewhat” interested in using challenger banks, while 1.7 About the Tracker.

Report 133

Report Innovation Florida Cards 133

PYMNTS

NOVEMBER 15, 2019

Goldman Denies Discriminatory Apple Card Practices, Says It Will Reassess Limits. Goldman Sachs has promised to reevaluate how credit limits are determined for Apple Card users after being accused of gender discrimination. The branding will reflect the financial institutions and not Google. Google Dives Into DDAs.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

JUNE 26, 2020

The Bank of China is one of over 12 commercial banks that lent to the German payment through a facility, and the move could present a mortal danger to Wirecard. Visa Launches Advanced Identity Score To Help FIs Fight Application Fraud. Brazil Central Bank Cites Lack Of Competition In Shutting Down WhatsApp Payments.

Apple 231

Apple Payments Meeting Conference 231

PYMNTS

JUNE 18, 2018

So are mobile and fraud alerts. However, for banks and credit unions still trying to do more to meet the demands of customers in this digital world (and as those customers continue to become more demanding), service can never slip. In addition, FIs are understanding the value of enabling customers to turn debit cards off and on.

Fraud 110

Fraud Cards Mobile ATM 110

PYMNTS

OCTOBER 18, 2020

Plaid said it’s also disappointed that TD Bank has filed a lawsuit against it in the case, saying Plaid's role in transactions is “made clear” to customers. subsidiary president Greg Braca , according to The Globe and Mail, said in a statement that Plaid's “intentional, unauthorized use of TD’s name and branding is deceptive.”.

New Jersey 312

New Jersey California Software Branding 312

NCR

MARCH 11, 2016

Articles via Visa Corporate Tumblr, Payments Cards & Mobile, Financial Brand. Why your bank wants to track your phone: In an effort to reduce credit card fraud, banks such as Visa and MasterCard, are offering location-based antifraud services such as a phone tracker.

Digital Banking 40

Digital Banking Payments Study Analytics 40

FICO

JUNE 15, 2023

Gone are the days of reaching into my pocket for a wallet , counting out bills or wiggling a credit card free or (if you can even remember these days) finding a checkbook and filling out a paper check. But if this deluge gives cover to fake new banks to shoulder up next to the legit ones – and I think it can – it is worrisome.

Fraud 52

Fraud South Carolina Survey Management 52

PYMNTS

AUGUST 10, 2017

It’s been a little over a year since our Digital Banking Tracker heralded the “ Dawn of Banking Voice Technology.” Now it’s more like the high noon of banking voice technology, with most major banks hosting their own incarnation — all with slightly different capabilities and adoption rates. Santander U.K.

Security 156

Security Technology Fraud User Experience 156

PYMNTS

JULY 13, 2020

This fraud type occurs when bad actors seize control of victims’ bank or online merchant accounts and spend ill-gotten funds, and it is likely to become more frequent until FIs can demonstrate that their defenses are strong enough to deter criminals’ attempts.

Security 147

Security Fraud Survey Customer Experience 147

PYMNTS

APRIL 30, 2018

Digital banks. LendingClub makes unsecured personal loans to consumers, mostly to consolidate and pay off credit card debt and more recently to refinance auto loans. Digital Banks. There are literally hundreds of digital banks — all targeted at people who reportedly don’t like banks for one reason or another.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Gonzobanker

FEBRUARY 20, 2021

GonzoBanker mothership Cornerstone Advisors’ recent What’s Going On In Banking 2021 research points to digital account opening being the top bank tech replacement priority in mid-size banks for the third year in a row. Digital banking providers answered the demand with digital account opening solutions.

Digital Banking 97

Digital Banking Lending ATM Atlanta 97

PYMNTS

OCTOBER 1, 2018

It’s also the inspiration for Ondot’s work with banks to build a better bank-branded app that gives customers access to a wider array of card controls and a real-time stream of actionable data. One immediate application, he noted, is to help curb fraud. These have all been around for a while now.

Data 140

Data Cards Tools Regional 140

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

NOVEMBER 8, 2017

One such advance has been the ability to transact without swiping a card. These contactless transactions decrease fraud, which is a critical service with ATM skimmer fraud up 500 percent since 2014. Instead, some ATMs allow customers to tap their mobile devices to transact.

ATM 126

ATM Strategy Mobile Millennials 126

Accenture

SEPTEMBER 22, 2019

Traditional banks have responded by innovating and creating their own digital banking brands—witness the launches of RBS’s Bó and HSBC’s Connecting Money app. The incumbents’ approach usually involves running parallel propositions and launching lower-cost digital frameworks to attract new users.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

JULY 18, 2018

Goldman Sachs has ramped up its investments in digital in recent months, amid heightened competition in online banking by rival investment firms. Apple is teaming up with Goldman Sachs to launch a new Apple-Pay-branded credit card by 2019, replacing Barclays , which has been Apple’s main partner on such initiatives.

Apple 100

Apple Conference Maine Lending 100

PYMNTS

DECEMBER 6, 2016

The speed at which digital banking is being transformed by new technologies is rapidly increasing. From behavioral biometrics to new selfie technology, financial institutions are being presented with even more ways to distribute their services across digital channels to meet customers where they want to interact.

Innovation 100

Innovation Mobile Digital Banking Technology 100

PYMNTS

JUNE 23, 2016

And while Chase Pay isn’t quite in the market for consumers to pay in-store yet, 48 percent said they’d like to pay using their phone versus a credit card or cash. This next stat gives a use case for mobile payments: 40 percent have either lost or forgotten their debit or credit card when they needed it most.

Mobile 101

Mobile Payments Survey America 101

NCR

DECEMBER 27, 2017

It has certainly been an interesting year, with highlights including the 50 th anniversary of the ATM, brand new real-time payment systems being introduced and ongoing preparation for a regulatory shift that could transform the industry as we know it. What does the future hold for the bank branch? Continuing the fight against fraud.

ATM 76

ATM Fraud Industry Security 76

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players.

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

DECEMBER 26, 2016

Fight Crime With Digital Identities. Digital identities are one of the most powerful but underutilized tools in combating fraud and financial crime in real time, Gafke told PYMNTS. In our view, the next generation of digital banking and payments needs to be experiential. Expand The Experience.

Payments 125

Payments Innovation Bitcoin Tools 125

Gonzobanker

JUNE 25, 2021

Customer care teams find themselves in a Catch-22: they’re expected to resolve customer issues on topics ranging from incompatible browsers to card fraud to bill pay errors, but they are hamstrung by insufficient access and empowerment. Introduce biometric authentication capabilities and advanced fraud defenses. Organization.

Customer Experience 105

Customer Experience Fraud Policies Training 105

PYMNTS

DECEMBER 6, 2019

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. UK Digital Bank Monzo Taps Visa Exec as US CEO. Monzo , London’s digital unicorn, has appointed TS Anil to head U.S. Report: Crypto Fraud Losses Reach $4.4B

Millennials 101

Millennials Colorado Google Leadership 101

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. In the rush to serve the tech-savvy millennial market and keep up with the latest developments in mobile and digital banking, some FIs might fall into the trap of overlooking traditional channels.

ATM 85

ATM Mobile Strategy Fraud 85

CB Insights

AUGUST 23, 2018

Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. Today, JPMorgan (JPM) is using its capital and scale to build an entirely digital bank. JPM boasts an industry leading credit card network. JPM’s evolving suite of digital banking apps.

Cards 76

Cards Mobile Strategy Branding 76

PYMNTS

SEPTEMBER 15, 2017

Banks adapt the KAI bots and assistants to fit their brand, but Oren said the one thing that stays the same across the board is KAI’s trustworthy, authoritative persona — and the carefully crafted sense of the bot being not “just a bot,” but also a customer advocate. KAI is also trained to make contextual offers.

Cards 111

Cards Data Branding Management 111

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. DOWNLOAD THE 61-PAGE consumer banking REPORT. See which startups are helping JPMorgan, Bank of America, and Citi build the digital banking platforms of the future. Millennials.

Retail 78

Retail Cards Millennials Mobile 78

Gonzobanker

OCTOBER 27, 2022

In early October, the Federal Reserve finalized a rule, known as Regulation II (Debit Card Interchange Fees and Routing), that requires every debit card transaction to have access to two unaffiliated payment card networks. The Federal Reserve reported that 23% of debit card transactions were CNP in 2019.

Cards 78

Cards Fraud Regulation Trends 78

Independent Banker

OCTOBER 29, 2014

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks? “By

Mobile 105

Mobile Community Bank Community Technology 105

Tech and Finance

JUNE 14, 2018

Latin American banks are racing to deliver digital banking to the masses says report released today by Temenos. Regional change is driven by changing customer behaviour and demands according to 55% of banking survey respondents. Most notably, merchant support for Apple Pay has gone down from 48% to 35%. June 12 Temenos.

Survey 28

Survey Millennials Fraud Mobile 28

PYMNTS

SEPTEMBER 24, 2020

Donlea noted that mobile wallets are designed for consumer and brand loyalty. Singapore, Donlea added, has a forward-thinking government in place that is friendly toward commercially oriented technology and is eager to attract global investments (and has narrowed down finalists for five digital banking licenses).

Mobile 245

Mobile Management Fraud Training 245

Gonzobanker

DECEMBER 17, 2021

Huntington and TCF merge to create the $170 billion Midwest dynamo and vault them into one of the top 10 banks in the country. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. The most important aspect of this deal is Huntington.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

APRIL 25, 2016

14, 2016, any bank that issues a Visa-branded card must give cardholders the option to register for alerts related to any card and card-not-present transactions, international cross-border transactions, and transaction amounts that an authorized cardholder has specified based on some transactional limit.

Fraud 100

Fraud Cards Branding User Experience 100

PYMNTS

OCTOBER 11, 2019

It’s a problem that Bill Sheley, senior vice president and global head of Visa Direct , and Rishav Chopra, head of strategy, operations and revenue optimization for QuickBooks owner Intuit , recently told Karen Webster during a PYMNTS interview that digital tech is making big strides to help overcome. Levi Strauss & Co.

Cards 116

Cards Online Houston Digital Banking 116