PYMNTS
AUGUST 4, 2020
The DOJ has reportedly raised questions regarding possibly antitrust issues if Intuit, the TurboTax maker, takes over its past competitor that provided complimentary tax preparation technology. Google Expands Digital DDA Program To Six New FIs. BBVA On Google, Digital Banking And The Rise Of The ‘Everyday App’.
PYMNTS
SEPTEMBER 24, 2020
The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. We’ll see more and more [of this] action as digital [banking] progresses.”. Fraud Threats To Digital Banking.
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PYMNTS
APRIL 30, 2018
Fifty-two percent of SMBs predict business payments will be digital within the next five years , said Bank of America, while mobile phones are used by nearly all small business owners today – 89 percent say they use smartphones and other mobile devices to manage their business and operations like basic tasks, digital banking and digital payments.
PYMNTS
NOVEMBER 16, 2020
Fraud targeting digital banking users has been around as long as digital banking itself, but it has recently become more prevalent. The pandemic is exacerbating the problem, with a study finding that 22 percent of Americans were the targets of pandemic-related fraud attempts as of March.
PYMNTS
MAY 4, 2017
The Cardtronics executives noted that the studies are not all that surprising, and where once the findings reflected increasing cash adoption across, say, Europe, recent research has borne out the same trends in Europe and the Americas. Cards are perhaps proving a sticking point in the move toward electronic payments. do not accept cash.
Gonzobanker
MARCH 24, 2021
Executives at the financial institution who have responsibility for customer service, digital banking and retail sales have one perspective. This translates to lost revenue of $110 billion pre-tax at banks and $10 billion at credit unions. The loan-to-deposit ratio at both banks and credit unions is 11% lower in a year.
ZootBlog
MAY 18, 2016
In early February we saw the shocking $81 million heist from Bangladesh’s central bank. As tax season approached, data from the Federal Trade Commission declared that tax refund fraud was responsible for a nearly 50 percent increase in consumer identity theft complaints in 2015. Call-center fraud is also on the rise.
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