Remove Digital Banking Remove Fraud Remove User Experience Remove UX
article thumbnail

NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds

PYMNTS

Consumers’ banking habits have changed radically since the pandemic was first declared in March. Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, but many are also more reliant on digital banking channels — particularly mobile banking apps — than they have ever been.

UX 234
article thumbnail

FIs Most Underutilized Asset: Their Apps

PYMNTS

Mobile banking apps are designed to make digital banking more convenient for customers, yet 21.7 So what can financial institutions (FIs) do to improve their apps’ user experience (UX), and will making these changes help boost adoption and usage?

UX 150
article thumbnail

FIs: Build For A Digital Future Or Lose Customers

PYMNTS

That’s putting pressure on FIs at a time when they’ve already seen flash-fraud rates and chargeback disputes dramatically increase. As customers run into issues with, say, refunds on travel that they’re legally owed, many are sidestepping the whole refund process and just initiating a charge dispute with the bank, VB pointed out.

Mobile 141