PYMNTS

SEPTEMBER 28, 2020

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The Hong Kong Monetary Authority (HKMA) approved Ant Bank’s application for a virtual banking license. It was one of eight such recipients, the report stated. billion).

Online and Mobile Banking 108

Online and Mobile Banking eWallet Authorization Returns 108

PYMNTS

JULY 22, 2020

Banks have been forced to reduce or suspend in-branch activities to prevent the risk of infection at branches at least temporarily. The largest bank in the United States, J.P. Developments From Around The World Of Digital-First Bank ing. The global digital banking platform industry generated $3.95

Online and Mobile Banking 90

Online and Mobile Banking ATM On-Demand Risk 90

PYMNTS

JANUARY 14, 2021

Since the onset of the pandemic, banking activities like opening new accounts and applying for loans are now being done virtually to socially distance and help curb the spread of the virus. Mobile apps are particularly popular among Gen Z consumers, with nearly half using them to learn about financial products.

Consumer 89

Consumer Online and Mobile Banking On-Demand Research 89

PYMNTS

JUNE 1, 2020

The new coronavirus had an immediate and profound effect on the financial services industry, as brick-and-mortar bank branches closed to protect public health. Those closures meant that many consumers in countries like the United States were left only with digital platforms to access their bank accounts or to conduct necessary transactions.

Online and Mobile Banking 54

Online and Mobile Banking Digital Payments Community Banks Mobile Banking 54

PYMNTS

DECEMBER 10, 2020

Consumers were forced to swiftly adapt to a world where their primary way to interact with businesses or banks became digital-first, with the pandemic seemingly increasing the number of consumers turning to digital tools to conduct their financial activities. Developments From Around The World of Digital-First Banking.

Posting 93

Posting Online and Mobile Banking ATM Credit Union 93

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. Thirty-two percent, however, are unwilling to allow their FIs to access this information, and 36 percent do not understand why their banks would require access to it.

Consumer 68

Consumer Card Issuer Accounts Online and Mobile Banking 68

PYMNTS

JUNE 12, 2020

FBI Issues Warning To Bank Mobile App Users. As the use of mobile banking apps surges due to the limited access to banks amid the COVID-19 pandemic, the FBI is warning users to beware of cyberattacks. New Report: How Fake Reviews Hurt Restaurants’ Mobile Ordering Volumes.

FBI 52

FBI Online and Mobile Banking Federal Reserve Volume 52

PYMNTS

DECEMBER 7, 2020

At a time when 80 percent of apps ask for (and are usually given) users’ geolocation data, the fact that most mobile banking applications still don’t is unacceptable, GeoGuard CEO David Briggs told Karen Webster in an interview. Two-thirds of all banking apps don't ask for location at all,” Briggs said.

Risk 93

Risk Online and Mobile Banking Security Social Security 93

PYMNTS

JANUARY 24, 2017

As more Americans reach for their mobile devices when making purchases, providers are looking for new ways to secure smartphones. According to industry research, mobile commerce now accounts for nearly a third of the U.S. economy, with sales via mobile devices contributing more than $104 billion to the economy.

Security 51

Security Online and Mobile Banking Economy Mobile Banking 51

PYMNTS

APRIL 16, 2019

A press release Monday (April 15) said Standard Chartered is expanding its payments collection tool Straight2Bank Pay, as well as its corporate mobile banking app, to businesses in China, Hong Kong, India, Malaysia, Singapore and Vietnam. The app will first be available for download in Singapore, with additional markets ahead.

Online and Mobile Banking 61

Online and Mobile Banking Accounts Mobile Banking Mobile Payments 61

PYMNTS

MAY 27, 2020

More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. To find more about these and the rest of the latest headlines, download the Playbook. Around The FI Fraud Decisioning World.

Scams 98

Scams Account Takeovers Online and Mobile Banking Credit Union 98

PYMNTS

JULY 1, 2020

Despite the surge in mobile payments and online banking , no one is predicting the disappearance of traditional banks and their brick-and-mortar branches. . The collaborative analysis does not predict an overnight exodus of consumers from their banks and does not assume that Amazon is ready to leap into personal banking.

Online and Mobile Banking 73

Online and Mobile Banking Debit Card ATM Accounts 73

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

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

FEBRUARY 28, 2020

The banking industry is undergoing a sea change in the new decade, with online and mobile banking growing ever more popular among customers, and challenger banks and FinTechs disrupt the market with new technologies. Developments From Around The World Of Digital-first Banking.

Online and Mobile Banking 63

Online and Mobile Banking Push-to-Card Mobile Banking ATM 63

PYMNTS

OCTOBER 18, 2018

In search of added convenience and simplicity, banking customers are migrating to online and mobile banking interfaces, leaving in-person visits to brick-and-mortar branches behind. Around The Digital Banking World. How Banks Are Weaponizing Data To Fight Fraud.

FS-ISAC 71

FS-ISAC Online and Mobile Banking Payee On-Demand 71

PYMNTS

MAY 20, 2020

Brick-and-mortar presence used to give credit unions (CUs) a competitive edge over digital-only challenger banks. percent of CU members believe that being unable to visit branch locations represents one way in which using challenger banks would make their banking experiences worse. PYMNTS research shows that 41.5

Credit Union 60

Credit Union Online and Mobile Banking Innovation PayPal 60

PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. Pay by Bank app (PbBa) — created by Vocalink, a Mastercard company — leverages the U.K.’s

Visa 46

Visa Online and Mobile Banking ATM Faster Payments 46

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

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

Fintech Labs Insights

MARCH 30, 2015

The Fed''s latest mobile banking/payments usage numbers ( full text ) were bouncing around the fintech blogosphere last week. Note: The online survey was fielded in December of each year. The only sour note was the flatline of mobile banking usage among smartphone owners. Why has smartphone mobile banking stalled?

Online and Mobile Banking 33

Online and Mobile Banking Mobile Banking Non-Bank Issuers 33

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

OCTOBER 15, 2018

Researchers advised small business owners to not download any email attachments from an unnamed address. That’s because this malware masquerades as a legitimate online banking portal. To protect themselves, small business owners should type their online banking web addresses manually into their web browsers, SCORE said.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

SEPTEMBER 14, 2020

Many universities are used to conducting at least some of their onboarding online. Moving these procedures online thus represents a significant shift for these institutions — one that could be rife with pitfalls if they do not get it right. Another study found that community FIs have seen online account openings increase by 14.5

Online and Mobile Banking 61

Online and Mobile Banking Authentication Adjustments Returns 61

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. The goal was to create virtual channels where members can interact using mobile and online banking, and its improved customer center. To get the full story, download the Tracker.

Credit Union 110

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

PYMNTS

JULY 23, 2020

We believe that banks have completely had to rethink how they are reaching their customers [and] what investments they have made in digital and virtual forms. These investments have to shift toward making more channels easily available … whether it’s app or online or voice or chat-based instruction. How Banks Can Beat Big Tech.

Online and Mobile Banking 66

Online and Mobile Banking Mobile Banking Issuers Credit Cards 66

PYMNTS

JANUARY 12, 2021

But while 80 percent of apps ask for and are typically granted access to users’ geolocation data, most mobile banking applications do not. He said that the growth of online banking and the need to protect personal data makes the banking sector’s failure to use geolocation information almost inexplicable.

Online and Mobile Banking 59

Online and Mobile Banking Addressing Contactless Payments Mobile Banking 59

FICO

NOVEMBER 9, 2016

When I read about people infecting their Android phones with Gugi ––a Trojan malware that steals user credentials when consumers log into mobile banking apps––by clicking on a link in a random text message, it’s clear to me that mobile phone users are in need of some security hygiene lessons. Why mobile hygiene matters.

Online and Mobile Banking 84

Online and Mobile Banking Wire Transfer Mobile Banking Wires 84

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank of America reported on Wednesday (Jan. The company recently boosted rates it pays on the accounts, so might we expect more torque in the banking giant’s consumer business?

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

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

FEBRUARY 5, 2020

The company recently integrated with lender SBM Bank to provide small enterprises with mobile banking solutions via the PayNearby platforms. Australian SMBs may also be getting better banking experiences. Judo Bank now expects to be able to provide these financial offerings more efficiently. About The Tracker.

API 78

API B2B Payment APIs and Integration Online and Mobile Banking 78

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

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

MARCH 16, 2016

As the banking shift brought about by the rise of FinTech startups continues to disrupt the traditional brick-and-mortar banking experience to make it seamless, convenient and richer, we’re seeing all sorts of interesting partnerships and technological adoption. Does the digital banking evolution require a customer-first approach? .

Online and Mobile Banking 42

Online and Mobile Banking Payee ATM Innovation 42

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

FICO

NOVEMBER 8, 2016

When I read about people infecting their Android phones with Gugi ––a Trojan malware that steals user credentials when consumers log into mobile banking apps––by clicking on a link in a random text message, it’s clear to me that mobile phone users are in need of some security hygiene lessons. Why mobile hygiene matters.

Online and Mobile Banking 51

Online and Mobile Banking Wire Transfer Mobile Banking Wires 51

The Fintech Times

FEBRUARY 19, 2024

Digital and mobile payments have become the predominant payment methods, leading many to believe that cash is on the verge of extinction. The integration of digital payment options, such as mobile, contactless and online payments, has become a cornerstone of modern commerce.

Financial Inclusion 58

Financial Inclusion Online and Mobile Banking Digital Currency Economy 58