PYMNTS

MARCH 3, 2020

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

FEBRUARY 19, 2020

The B2B eCommerce Report , a PYMNTS and American Express collaboration, digs into the advantages of online business purchasing, as well as efforts to overcome the difficulties involved in designing and securing these shopping experiences. This month’s Deep Dive examines what it takes to ensure convenient, secure online shopping experiences.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

FEBRUARY 4, 2020

A bit younger than their millennial siblings and cousins, they’ve grown up totally mobile, and have idiosyncrasies that make them unique. Perhaps more than millennial cohorts, Gen Z is having a hot love affair with eCommerce and sharing platforms that specialize in and cater to their digital lifestyles.

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

MAY 13, 2019

Fraudsters intercept the one-time PINs and passwords that pass for security in today’s world. “If If you look at all the security problems out there (everything involving the internet, breaches, malware on your operating system), the internet and the operating system are inherently insecure.

ATM 134

ATM Mobile Security Online 134

PYMNTS

DECEMBER 14, 2016

In a press release, Socure said it will use the capital to scale operations, accommodating the 300 percent growth it has seen in 2016. Socure ’s mission is to assist companies of all sizes in adapting their protection to meet the ever-evolving nature of fraud.

Fraud 100

Fraud Compliance Capital Leadership 100

PYMNTS

MARCH 8, 2018

Every business walks the same tightrope when it comes to processing payments: Convenience versus security. It doesn’t matter if the business is consumer-facing or serving other businesses (B2B); security is top of mind for all of them, yet adding more layers can introduce more friction, and that can scare customers away.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

APRIL 9, 2020

In the latest Disbursements Tracker® , PYMNTS examines the impact of COVID-19 upon disbursements and payments, how businesses and government bodies are responding to the increased need for faster payments and rising fraud and security concerns in this space. Around The Disbursements World. Organizations such as the U.S.

Taxes 178

Taxes Mobile Fraud United States 178

PYMNTS

OCTOBER 1, 2019

where at least one vital and robust sector of commerce has yet to adopt the global security standard en masse. The big [operators] have financial balance sheets that can support construction projects,” he told PYMNTS, “but the smaller ones will be challenged.”. “The 1, 2020 — at one point, the deadline was in 2017.

Innovation 167

Innovation Customer Experience Retail Operations 167

PYMNTS

NOVEMBER 15, 2017

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

Los Angeles 151

Los Angeles social media Millennials Retail 151

PYMNTS

JUNE 26, 2020

Introducing open banking principles has not been without friction, however, with banks and consumers concerned over how this sea change will affect FIs’ daily operations. Open banking’s nature fortunately provides superior data security to traditional banking models. Open Banking Prevents Data Exposure. In the U.K.,

System 198

System Data Security Examples 198

PYMNTS

AUGUST 13, 2020

consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost 50 percent when talking about millennials. As Evers pointed out, companies that do this can actually increase profits by up to 60 percent “just by simplifying the business operations.”.

Cards 202

Cards Strategy Digital Strategies Examples 202

PYMNTS

MAY 10, 2018

We have some sectors that are hit hard with EMV fraud and others that are barely touched,” Riley explained. “I Of those verticals seeing fraud, anything that is sold in high-end and medium retail is hit often, and hard, as are liquor operations. Millennials are traveling and leaving their credit cards at home.

National 130

National System United States Fraud 130

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers?

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

MAY 28, 2019

million buyers who operate in industries such as website development, logo design and blog writing. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

MAY 29, 2020

How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services? Consumers expect secure and fast access to digital tools.

Maine 130

Maine ATM Innovation Millennials 130

Abrigo

MAY 5, 2022

Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.” Banking artificial intelligence (AI), the customer experience, enticing millennials, and change management are among subjects tackled in recent episodes. Fraud Prevention. Learn More.

Community 195

Community Lending Maine Resources 195

PYMNTS

OCTOBER 9, 2019

H owever, nothing is easy in life (your parents were right) and that nugget of wisdom served as a central theme of a recent PYMNTS discussion with Rakan Alhassan, operations and marketplace director at UReed. Among the main challenges? The reliance on cash in many of the markets served by UReed, Alhassan said.

Regional 122

Regional Trends Cards Millennials 122

NCR

AUGUST 1, 2017

The rise of the Millennials is creating a revolution in the economy. Fraud detection. Security is one of the main concerns of online banking, and automated systems are prone to hacking unless properly secured. Detecting fraud is a combination of artificial intelligence and human expertise. AI uses for banking.

Big Data 111

Big Data Data Fraud System 111

PYMNTS

MAY 14, 2018

Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as we know them are soon to be replaced by self-driving software platforms that we will call “cars” mostly out of nostalgia.

Millennials 101

Millennials Operations Mobile Cards 101

PYMNTS

JANUARY 23, 2020

Today’s consumers place greater value on personalized experiences than on physical retail goods — especially millennials, 86 percent of whom would rather spend their funds exploring new cultures than shopping. A lot of these specialists [on kimkim] have been in operation for many years.

Payments 130

Payments Millennials Security Fraud 130

PYMNTS

JULY 31, 2017

The Tracker is a bimonthly report showcasing the most significant developments reshaping the credit union market, with attention paid to the biggest partnerships and acquisitions in the industry, notable tech innovations and the shifting regulations that could drastically change how these institutions operate.

Report 114

Report Innovation Regulation National 114

PYMNTS

JUNE 1, 2017

It is, of course, obvious that the internet has changed how the world gets its information and conducts its commerce, but the specters of fraud and data breaches are keeping the latter from reaching its true potential online. For businesses, 2014 was “the wakeup call” and a “banner year for internet crime.”

Payments 110

Payments System Software Mobile 110

PYMNTS

JUNE 22, 2017

When most people picture the kinds of fraud and theft eCommerce had a tendency to attract, the popular mental image is of a fairly high-tech enterprise — hackers, crackers and data jackers vacuuming up card information en masse and either selling it to the highest bidder or using it to snag themselves some unearned lucre.

Online 134

Online Fraud Retail Survey 134

PYMNTS

JULY 30, 2019

Millennials and members of Generation Z are particularly comfortable with voice-activated devices , with 25 percent of consumers aged 16 to 24 using smartphone-based voice assistants such as Siri or Cortana. Security and Privacy Issues. Voice ordering is gaining popularity despite the many security concerns.

Technology 119

Technology Mobile Google Software 119

PYMNTS

MAY 30, 2016

Read on for what they happen to say about the state of their businesses and the local economies in which they operate. Global Fraud Attacks. Online Fraud Attack Rates Soar Since October. Everyone said that fraud would move online in the U.S. Secure Convenience: The New Password Death March? Are SMBs Ready For EMV?

Trends 100

Trends Retail Fraud Mobile 100

ZootBlog

OCTOBER 11, 2016

The entire world has gone mobile—from millennials to grandparents. This norm of using mobile devices to do everything from shopping to banking, mean security and a great user experience need to go hand-in-hand. We covered everything from pain points to fraud and compliance and best practices to manage it all.

User Experience 60

User Experience Mobile Data Las Vegas 60

PYMNTS

JULY 15, 2016

And for some consumers, especially millennials, that’s just not their choice.” ” Fauss emphasized that the National Branded Prepaid Card Association doesn’t stand against regulation – they think it helps everyone if there are clear guidelines the industry operates under.

Cards 100

Cards Millennials Regulation Cyber Security 100

NCR

FEBRUARY 17, 2017

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. ATMs can now effectively operate as mini-branches, as we’re seeing in India and other places. Why the ATM is key to omnichannel.

ATM 85

ATM Mobile Strategy Fraud 85

Independent Banker

NOVEMBER 25, 2015

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

OCTOBER 13, 2016

Vodafone is the third-largest mobile operator in the U.K. Operator East Japan Railway Company alone served 17.4 But security is an ever-present concern. However, our research continues to show that security remains a key concern for all mobile payment users.” And The Brits Are Already Well On Their Way.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

JANUARY 29, 2019

Drilling into the data a bit more, and which services and offerings are coveted by members, Fagan noted that fraud management is at the top of CUs’ tech agendas, while consumers want ease of use in loyalty and rewards programs. He added, though, that security remains the number-one reason why members choose a particular card.

Innovation 176

Innovation Fintech Data Community 176

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Moreover, lingering doubts over the security of mobile channels also surfaced in the Fed’s research. s entry into the payments business with Apple Pay.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

DECEMBER 4, 2019

He also said travel operators and OTAs — both of them vying for more control of travel consumers and the revenue they produce — have to get creative with payment methods and options, even if that means just offering installment plans. For OTAs and tour operators, taking payment up front is one thing. Sharing Economy Changes.

Leadership 131

Leadership Industry Google Groups 131

PYMNTS

DECEMBER 4, 2019

He also said travel operators and OTAs — both of them vying for more control of travel consumers and the revenue they produce — have to get creative with payment methods and options, even if that means just offering installment plans. For OTAs and tour operators, taking payment up front is one thing. Sharing Economy Changes.

Leadership 130

Leadership Industry Google Groups 130

NCR

DECEMBER 19, 2016

The rollout came with a fraud liability shift that transferred liability for fraud onto the party – either the issuing FI or the merchant – that has not adopted EMV technology. The UK and Australia have both launched new banknotes this year, with security additions and other features that are unique to physical currency.

blockchain 40

blockchain Fraud Fintech Cards 40

PYMNTS

APRIL 13, 2017

Even for the payments space, he continued, when iPods were taking shape and function, for example (and financial firms wanted the devices to operate as payments conduits), the question must be asked with any new iteration: “Yeah. Some companies are indeed looking to beef up defenses to ensure digital security. We could, but why?

US 102

US Innovation Data Security 102

PYMNTS

DECEMBER 24, 2019

26, the eCommerce operator — via its Alexa Skills Kit Blog — announced the debut of “two new Alexa capabilities that will help create a more natural and intuitive voice experience for your customers.”. However, cash is finding it harder to operate in this increasing digital and mobile world. Connected car shipments in the U.S.,

Cards 160

Cards Payments Study Examples 160