Nanonets

SEPTEMBER 17, 2024

With financial transactions and digital verifications happening at the click of a button, a new trend has emerged - the rise of fake bank statements. We'll also discuss technology and cutting-edge AI solutions that can help businesses combat bank statement fraud.

Fraud Detection 52

Fraud Detection Online and Mobile Banking Verification AI 52

PYMNTS

OCTOBER 4, 2019

Industry analysts primarily attribute this growth to the proliferation of mobile devices, which have driven manufacturers to incorporate biometric verification measures in their designs. For more on these and other digital identity news items, download this month’s Tracker. The World Bank estimates that there are approximately 1.1

Checks 57

Checks Verification Authentication Governance 57

PYMNTS

FEBRUARY 27, 2017

Vivier & Company, a boutique financial services company, has announced the launch of its new online banking system, which follows the completion of a cloud-based service for financial institutions implemented by IndiaT4T.

Debit Card 59

Debit Card Returns Risk Accounts 59

PYMNTS

NOVEMBER 16, 2016

American consumers have fallen for mobile banking apps, but up to now, most businesses were not seemingly showing apps the same love. With the number of mobile banking customers now outnumbering those who bank at branches for the first time, consumers have warmly embraced banking via mobile apps.

Online and Mobile Banking 86

Online and Mobile Banking Mobile Banking Small Business Faster Payments 86

PYMNTS

JUNE 3, 2020

Brick-and-mortar branches shuttered as social distancing measures were enforced, and customers subsequently turned to mobile apps or websites to fulfill their banking needs rather than risking in-person visits. Online account openings have increased 14.5 Confronting Digital Banking Reality.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Volume Mobile Banking 52

PYMNTS

MARCH 22, 2018

Online and mobile banking interfaces have become must-have features for financial institutions in the digital age. Fifty-five percent of Americans have a full-service banking app on their phone, and 16 percent check these apps at least once per day. Around the Digital Banking World.

Online and Mobile Banking 60

Online and Mobile Banking Mobile Deposit Checks P2P 60

The Fintech Times

APRIL 29, 2024

The initiative helps global travellers visiting Huangshan enjoy convenient payment options, including card, mobile payment and cash, as well as claim-tailored digital red packets to enjoy shopping discounts and check travel guides and tips in 16 languages.

SARS 71

SARS Online and Mobile Banking eWallet Mobile Payments 71

PYMNTS

NOVEMBER 30, 2020

They use their mobile devices for everything from checking the weather to posting on social media to pulling up real-time maps and using them to navigate to new destinations. How can banks better communicate the benefits of location sharing — and its vast potential to combat fraud — to customers who are on the fence?

Consumer 68

Consumer Card Issuer Accounts Online and Mobile Banking 68

PYMNTS

DECEMBER 9, 2020

Bill Manager will integrate cloud-based processes from Bill.com into Wells Fargo's digital banking service, the release stated, creating a paperless method for paying bills and offering "simplicity, visibility and control.".

Automation 113

Automation Online and Mobile Banking Accounts Mobile Payments 113

PYMNTS

MARCH 30, 2020

As retailers determine the best ways to reach retail customers during the coronavirus pandemic, ICICI Bank launched its banking services on Monday (March 30) on WhatsApp. . Additionally, users can get details of the nearest ICICI Bank ATMs and branches, all from the social platform. .

Online and Mobile Banking 58

Online and Mobile Banking Non-Bank Credit Cards Debit Card 58

PYMNTS

MAY 28, 2020

The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Developments From Around The World Of Digital-First Banking.

API 70

API Payment APIs and Integration Online and Mobile Banking Community Banks 70

PYMNTS

JUNE 26, 2020

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

PYMNTS

JANUARY 26, 2021

CU members who reported shopping online at least several times a week increased by nearly 50 percent since the pandemic began last spring. For more on these and other stories, check out the Trackers News & Trends section. To get the full story, download the Tracker.

Credit Union 110

Credit Union Contactless Payments Online and Mobile Banking Credit Union Service Organization 110

Cardfellow

OCTOBER 26, 2022

Available payment channels include: Ecommerce with QuickClick shopping carts Mail and Phone Payments Brick and Mortar Terminals As necessary, you can also add on mobile payments, electronic check processing, electronic invoicing, and a card vault to securely store customers’ card details for future payments.

Online and Mobile Banking 52

Online and Mobile Banking Gateways EMV Checks 52

Payment Savvy

SEPTEMBER 5, 2024

The following post will define fintech, discuss the types of companies involved, and comment on how this new industry fundamentally changes the face of banking, investment, and doing business. This has come to mean everything from banking and insurance to investments. .” But what is fintech? What Does Fintech Mean?

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cryptocurrency 52

PYMNTS

JUNE 19, 2019

For financial institutions (FIs) and merchants, the opportunity is there to harness technology and mobile card services to drive sales up, drive fraud down and cement long-lasting relationships with consumers. Consumers may not be looking to their banks for offers in tandem with warehouses such as Groupon. ”

Card Services 45

Card Services Online and Mobile Banking Transactions Consumer 45

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024. billion by 2024.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

PYMNTS

MARCH 11, 2020

Conducting in-person KYC checks can be an expensive endeavor, and digital customer verification methods make it more cost-effective for financial service companies to onboard customers in remote locations. Six Thai banks are also exploring whether biometric-based authentication measures can be used well as part of digital KYC processes.

Global Payments 60

Global Payments Money Laundering AML Online and Mobile Banking 60

PYMNTS

JUNE 27, 2017

The June PYMNTS Digital Identity Tracker, powered by Socure , features news on how security technology providers are using new technology, including biometrics and mobile devices, to protect consumers and transactions from current threats and what they’re doing to be prepared for the unknown. To read the full story, download the Tracker.

Authentication 47

Authentication Online and Mobile Banking Credential Security 47

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.

NOV 15

NOV Consumer Online and Mobile Banking Small Business 15

Fintech Labs Insights

APRIL 6, 2023

With “risk-free” rates pushing 5%, even a business with $50k in reserve (throwing off $200/mo) has an incentive to sweep that out of a non-interest checking account. But what we will see is the challenger banks dusting off their sweep features and emphasizing them in their marketing and branding. 95,000 6 Meow * 11 4.3%

Small Business 15

Small Business Treasury FDIC Accounts 15

PYMNTS

OCTOBER 15, 2018

It’s a twist on the business email compromise (BEC) scam that typically involves scammers emailing business owners and seeking payment via wire transfer, ACH or paper check. Researchers advised small business owners to not download any email attachments from an unnamed address. “This is a scam, pure and simple.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

AUGUST 4, 2016

The latest news on mobile payments shows that the big banks are wanting in on the mobile wallet race, but are they already too far back in the pack? Meanwhile, Samsung is tackling the African market ahead of Apple and Android, and Google announces a way to avoid app downloads. Millennials Eschew Bank Mobile Wallets.

Mobile Payments 40

Mobile Payments Online and Mobile Banking Non-Bank Payments 40

PYMNTS

JUNE 26, 2018

Digital banking offerings might not be new in countries like the U.S. In the June edition of the Digital Banking Tracker , PYMNTS explores the latest digital developments in the banking world — and the roadblocks standing in the way of widespread tech adoption. Around The Digital Banking World .

AI 51

AI Online and Mobile Banking Treasury Management Treasury 51

Fintech Labs Insights

JUNE 26, 2023

With “risk-free” rates pushing 5%, even a business with $50k in reserve (throwing off $200/mo) has the incentive to sweep that out of a non-interest checking account. But what we will surely see is challenger banks dusting off their sweep features and emphasizing them in their marketing and branding. Maybe, maybe not. 613 reviews) 2.

Small Business 15

Small Business Treasury FDIC Accounts 15

PYMNTS

DECEMBER 28, 2020

Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. Vancity said it has agreed to collaborate with North Carolina-based nCino to implement the latter’s Bank Operating System, which will replace its 15-year-old network.

Credit Union 79

Credit Union Credit Union Service Organization Online and Mobile Banking Innovation 79

PYMNTS

JUNE 12, 2020

If successful, it could catapult Ovo and Dana into dominating Indonesia’s multibillion-dollar online payments market. Gojek’s app has been downloaded 170 million times and was the most widely used on-demand app in Indonesia in 2019, according to App Annie. They expect digital payments to work seamlessly.

Point-of-Sale (POS) 64

Point-of-Sale (POS) FinTech Online and Mobile Banking Digital Payments 64

PYMNTS

MAY 17, 2018

If looking for evidence that we live in an increasingly digital world, one need not look much further than the veritable explosion in online and mobile banking in the last half decade. 81 percent : The share of global middle-class consumers who use banking and financial services apps. 60 percent : The share of U.S.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Banking Checks Consumer 40

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. Key takeaways.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

JULY 24, 2018

Bank of America Merrill Lynch has announced the launch of a mobile application for cardholders of commercial prepaid cards. In replacing checks, prepaid cards can help organizations simplify compliance, eliminate manual work, lower expenses, and reduce risks,” Hubert J.P.

Online and Mobile Banking 40

Online and Mobile Banking ATM Checks Governance 40

PYMNTS

APRIL 21, 2016

As the world goes increasingly digital, banks are struggling to decide how they should package their digital service offerings. Should they fold digital banking services into their existing traditional brick-and-mortar accounts, or spin them off into stand-alone, digital-only entities? What’s a traditional bank to do?

Online and Mobile Banking 44

Online and Mobile Banking Mobile Banking Consumer AI 44

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space.

Fraud Prevention 59

Fraud Prevention Scams Online and Mobile Banking Account Takeovers 59

PYMNTS

AUGUST 2, 2019

Among the latest was FirstBank , one of the largest privately held banks in the U.S. bank formed its own real-time payments partnership. based Starling Bank partnered with automated business payment provider Bottomline Technologies to develop the Real Time Payments Express Service. Meanwhile, a U.K.

AI 53

AI Real Time Payments Online and Mobile Banking RTP 53

PYMNTS

AUGUST 24, 2018

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. Mobile Lottery Product. Nor do these mobile-enabled lottery cards represent Ohio’s first attempt to keep its edge when it comes to state lotteries.

Online and Mobile Banking 41

Online and Mobile Banking Enrollments Credit Cards Debit Card 41

PYMNTS

JANUARY 23, 2020

5AMLD requires them to implement safeguards, such as performing Know Your Customer (KYC) checks on money transfers above certain values. Mobile wallet users of India-based FinTech Paytm were recently targeted by scams in which fraudsters falsely claimed that the customers needed to resolve KYC problems. Around The AML/KYC World.

Money Laundering 62

Money Laundering Security AML Online and Mobile Banking 62

PYMNTS

JULY 20, 2017

New players on the digital banking scene are hoping to change the game by looking to industries that are categorically unlike banks for inspiration. Over the past few years, dozens of so-called digital-only “challenger” banks have emerged on the financial scene, ready to compete with larger more traditional banks.

Online and Mobile Banking 51

Online and Mobile Banking Non-Bank Consumer Technology 51

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Can banks have it both ways?

Online and Mobile Banking 53

Online and Mobile Banking Non-Bank FinTech Addressing 53