Top 5 Banks #Winning Social Media

Bank Innovation

EXCLUSIVE - For all the talk about appealing to millenials, not that many banks or FIs out there have figured out social media.

2016 IB Social Media Leaders

Independent Banker

Congratulations to the Top 2016 IB Social Media Leaders. Independent Banker ® magazine recognizes three community banks who have conducted creative, engaging and impactful social media campaigns. 2016 IB Social Media Leaders is sponsored by SHAZAM.

Deep Dive: Credit Unions Like And Subscribe To Social Media

PYMNTS

. Social media has become a cornerstone of everyday life over the last few decades, with 72 percent of Americans using social media today, a dramatic increase from the mere 5 percent that Pew Research Center first tracked in 2005. How credit unions leverage social media.

Social Media Changes Foreshadow New Retail Developments

PYMNTS

Social media keeps on evolving, and that could bring big changes to the retail environment, especially as the preferences of younger consumers continue to evolve. You can bet the early part of the new decade will continue to bring big news about social media.

Instagram Checkout tests power of social media for mobile commerce

Mobile Payments Today

Instagram's new in-app shopping experience with PayPal is testing how social media can influence retail shopping and payment decisions

Why AI Is Social Media Fraud’s New Best Friend

PYMNTS

It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness. That’s not to tempt one into nostalgia, or to suggest that social media has become marred beyond recognition.

Will Our Love-Hate Relationship With Social Media Ever Break?

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consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time – people complain constantly about how social media causes or enables all of that. Social Media Views.

Don’t Send Payment Reminders with Social Media, FICO Says

Bank Innovation

Consumers still aren’t comfortable receiving notifications like late payment reminders through social media channels, a study released today by FICO found. DataBank Mobile Online Payments consumer credit FICO Mobile Payments online payments payments Social Media

Report: Fake Likes, Follows On Social Media Are Prevalent, Easy To Buy

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The report found that social media companies are not policing bots and other surreptitious methods of garnering likes and influence for posts. Social Commerce bots Fake Engagement followers likes News social commerce Social Media What's Hot

Social media payments: An ally or adversary of banks

Mobile Payments Today

As social media platforms increasingly play in the payments space, what does this portend for the banking industry

White House Snubs Facebook At Social Media Summit

PYMNTS

Facebook said that it has not been invited to the White House’s social media summit being held later this week. Trump has regularly attacked Facebook and Twitter, accusing the social media sites of being “biased” in favor of Democrats.

The Evolution Of Retail With Digital Ordering, Social Media

PYMNTS

And in retail, social media keeps evolving, and that progression can bring significant changes to the industry as the preferences of younger consumers continue to shift. Data: 450,000: Number of users social network Squad has gained since its launch earlier this year.

Will Our Love-Hate Relationship with Social Media Ever Break?

PYMNTS

consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time — people complain constantly about how social media causes or enables all that. Social Media Views.

Luxury Fashion Brands Outspend Smaller Rivals On Social Media

PYMNTS

Luxury fashion brands like Christian Dior, Louis Vuitton and Gucci are upping their social media game, especially on Instagram, and pouring real money into efforts to court young shoppers, according to a report by Reuters.

Standard Chartered adds mobile banking to social media platforms

Bank Innovation

Standard Chartered customers can now do their mobile banking through social media platforms.

Vietnam Launches New Social Media App As Facebook Alternative

PYMNTS

Vietnam is introducing a social network similar to Facebook after the Communist-ruled government asked domestic tech companies to create substitutions. Other Facebook-type social platforms preceding Gapo – VietnamTa and Hahalolo – have not managed to build membership.

Proposed Social Media Law Would Let Data Flow Among Platforms

PYMNTS

A proposed law created to increase competition in the tech sector would allow users to move their data between social media platforms. Regulation ACCESS Act consumer data data transfer Digital Payments Mobile Payments News regulation social media What's Hot

Can CBANC Crack the Bank Social Media Riddle?

Bank Innovation

billion Facebook users (give or take a few million), it’s clear banks can’t keep their employees from social media. That opens bank systems to attacks via phishing and social engineering. But social media can also be useful for networking and tapping Read More.

Executive Order Looms For Social Media Firms On Content? 

PYMNTS

The summary, according to the site, would direct the FCC to develop new regulations that would detail how the law may protect social media platforms as they move to take content off their sites – and to take those new regulations into account when investigating or filing suit against those firms.

How Does Ally Handle Trolls on Its Social Media Posts?

Bank Innovation

has a specific strategy for dealing with inappropriate comments on its social media channels -- do nothing. Daily Post 2 Exclusive Online Premium Retail Social Media Ally Ally Financial marketing social bankingAlly Financial Inc.

Senate Panel Eyes Algorithms, Social Media and ‘Persuasive Technology’

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Senate panel examined the ways social media giants — marquee names among them such as Google and Facebook — interact with users. Also appearing before the panel was Tristan Harris, known as a former Google programmer who has been critical of social media practices.

Social Media That Matters by Ogilvy

Bankelele

Ogilvy Africa and Ogilvy Social Lab held a session in Nairobi a few days ago. Speakers tackled the state of social media in 2019 in terms of technology usage, making brands stand out, and the role of influencers, among other items. eCommerce Media in Kenya Ogilvy Scangroup

Facebook Users Unfriending The Social Media Operator

PYMNTS

Facebook is losing its luster with some of its customers, as Pew Research finds that a “significant” share of its users have changed their relationship with the social media network during the past year. The survey also found that the majority of Republicans think that social media platforms in general censor political speech they don’t like, but an equal number of Democrats and Republicans use the social media network.

Social Media Lures Credit Card Giants – And Their Advertising Spend

PYMNTS

On social media – specifically, on Facebook. As noted in the DMA Response Rate Report, direct mail response rates are 9 percent to a house list, 5 percent to a prospect list and social media had a 1 percent rate.

Standard Chartered adds mobile banking to social media platforms

Bank Innovation

Standard Chartered customers can now do their mobile banking through social media platforms. Starting this month, the London-based company is letting customers in Botswana, Zambia and Zimbabwe transfer money to friends, view account balances and pay bills through social media platforms, including Facebook Messenger and WhatsApp.

Why The Future Of Social Media Might Be About Thinking Smaller 

PYMNTS

The world of social media can be a rough sea to sail in. It’s unpleasant for many and genuinely menacing to some, particularly young women who often find themselves sampling from the miserable buffet of things the worst parts of social media have to offer.

Social Media Bill Would Ban Covert Data Collection

PYMNTS

Two American senators want to crack down on social media companies that they say trick underage users into giving up personal data, according to Reuters. Social media companies use data to help sell advertisements, and a potential restriction could hurt profit.

China’s WeChat Exposes Debtors Via Social Media

PYMNTS

The app puts the debtors under the spotlight of their social circle, and it will help the court solve the problem of enforcement,” said court spokesperson Zhang Xuan, who added that the court “wants to take advantage of pressure from society and from people who know the debtors.”.

Bitcoin Joins American Express and PayPal on 2017 List of Social Media Darlings

Bank Innovation

American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal, Vanguard and bitcoin. To find out which brand was the consumer favorite, at least on social […].

Banks Embrace Conservative Use of Social Media in Wake of Data Scandals

Bank Innovation

PREMIUM —Banks appear to have recoiled from the deep, detailed use of social media data in their marketing. Bank’s senior vice president of brand advertising and social media, Kelly […].

Your Bank’s Social Media Strategy Needs to Drive the Consumer Experience (and Revenue), Says Regions Bank

Bank Innovation

EXCLUSIVE—Social media strategy is a must for all areas of business in today’s world, including banks—who, fighting against entrenched perceptions of their legacy institutions, often rely on social media platforms to reach their younger customers.

New Ransomware Uses Social Media, Demands Payment in Bitcoin

Bank Innovation

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin.

Social media becomes more of a mobile commerce tool worldwide

Mobile Payments Today

Michelle Evans, digital consumer manager for Euromonitor International, examines the impact social media platforms have on commerce, specifically in the Asia-Pacific region

Is Social Media Key to Hitting the Trillions for (Fin)Tech Companies?

Bank Innovation

Analyst Michael Markowski seems to think so, citing the technology giant’s recent acquisition of professional social media site LinkedIn as the boost that pushed Microsoft into the race. Could Microsoft be the first technology company to earn a one trillion market value?

Report: Sephora Lookin’ Pretty On Social Media

PYMNTS

In advance of Black Friday, Sephora is lookin’ pretty in terms of social media. That’s according to Shareablee , which measures social media audiences and released its annual Black Friday Retail Brand Edition of its Social Scorecard. While the leader of those three seems to be Instagram, Sephora does seem to have a knack for connecting with its audience through social media. Retail Facebook Instagram makeup Sephora social media twitter

Amid Claims Of Bias, White House Plans Summit On Social Media

PYMNTS

The White House is planning a July 11 social media summit that will feature a “robust conversation” about social media companies, according to a report by The Wall Street Journal. News DoJ social media What's Hot white house

BBVA Launches Spanish Social Media Payment Tools

PYMNTS

Finextra reports that with around 86 percent of Spanish internet users accessing Facebook, WhatsApp, YouTube, Twitter or Instagram at least once a day, BBVA is looking to make it easier for customers to complete daily transactions without leaving their social networks. Mobile Payments News BBVA Facebook payments social media Spanish Telegram What's Hot WhatsApp

Social Media As The ‘Ticket’ For Contextual Commerce

PYMNTS

Sports fans can’t get enough of their favorite players and teams: Their social media accounts oftentimes have hundreds of thousands or millions of followers. There has been much ado about Instagram and shopping in this area: Instagram, the Facebook-owned photo-sharing social network , announced news on June 12 that it is expanding shopping beyond its Feed to Instagram Stories. How does social media play in?

On Tweeting with Patti Husic, an ICBA Social Media Influencer

Independent Banker

Husic: Originally, I had qualms about effective use of my time as an executive and the ROI of social media. billion Twitter searches every day, I guarantee many of our customers and our community members are on this social network. By Ann Chen. Patricia Husic.

Social Media as an Emerging Source of Cyberthreat

Let's Talk Payments

Cybersecurity Insights Social Media Asia Europe insights USThe cost of data breaches is expected to reach $2.1 trillion globally by 2019 In 2016, cybercrime cost the global economy over $450 billion, and over 2 billion personal records.

Neiman Marcus Looks To Associates For Social Media Commerce

PYMNTS

In an effort to drive sales, a luxury department store chain is connecting customers with their sales associates through personal social media accounts, The New York Post reported. The practice comes as consumers are increasingly favoring social media as a means for exposure to fashion brands and new styles. “A Retail e-commerce fashion Instagram mobile neiman marcus News shopping Snapchat social media What's Hot

Australia Laws Target Social Media Firms with Fines, Prison Over Streaming Content

PYMNTS

The government in Australia passed legislation that seeks to stop live streaming of violent acts across social media platforms. Australia was not the only country to consider bringing legislation into place earlier this month targeting social media.

Why mobile social media money transfers are going to be huge

Mobile Payments Today

FIs and payment processors have a major opportunity to collaborate with FinTech pioneers such as Moneymailme to serve the growing market for mobile social media money transfers