article thumbnail

Behind Mastercard’s approach to data security and privacy

Bank Innovation

Mastercard has unveiled a series of principles that underline its approach to data security and privacy. In a report about global data responsibility, the payments company outlined six guiding principles that companies can abide by when protecting their customers’ data.

Security 199
article thumbnail

REPORT: Payment Tech Tops FIs’ Innovation Agendas

PYMNTS

Banks are increasingly focusing on the fundamentals when determining their innovation agendas. This starts with payment technology, the essential infrastructure needed to support current and future digital payment developments, from contactless and push payments to transactions on real-time payment rails.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Square Partners With POWDR To Offer Ski Resorts Contactless Transactions

PYMNTS

Square has partnered with POWDR to advance payments, eCommerce and point of sale (POS) at ski resorts across the U.S. She said that many retailers are continuing to innovate, with some posting QR codes in shop windows. Further, remote channels have enabled consumers to shop local, safely and securely.

Vermont 257
article thumbnail

Digital banks, payments startups face first major test in virus

Bank Innovation

mobile payments companies founded after the 2008 financial crisis, and digital banks including Chime Inc. Fintech startups looking to upend how Americans do their banking are facing their first major test as interest rates fall and fearful consumers seek safety at traditional banks. Square Inc. and Stripe Inc.,

article thumbnail

U.S. Bank Chief Innovation Officer Dominic Venturo Talks Digital Strategy

Bank Innovation

One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally. Bank Innovation: Last quarter we reported that U.S.

article thumbnail

Deep Dive: How Loyalty Innovation Improves Member Relationships, Boosts Brand Awareness

PYMNTS

Less than 30 percent of credit union decision-makers say their CUs prioritized loyalty innovations in the past three years, however, ranking the priority behind fraud management, real-time payments, digital wallets and other initiatives. percent supported having their CUs innovate and 17.3 Loyalty Innovation Strategies .

article thumbnail

What Legacy FIs Miss About The Need For Cloud-Based Infrastructure

PYMNTS

Allowing customers uninterrupted access to their online financial accounts and processing digital payments quickly is critical during this time as brick-and-mortar branches are either closed or on limited hours. Why Cloud Computing Is Critical To Banking Innovation. Developments Around The Cloud Banking World.