PYMNTS

APRIL 29, 2019

This is easy mobile banking that can be done in seconds. When it comes to commerce, tourists do reportedly have to exchange their fiat currency into crypto. Merchants and businesses within the city will reportedly have special quick-response [QR] codes that visitors can scan for payments.

Blockchain 51

Blockchain Blocks SDN Government 51

The Payments Association

OCTOBER 28, 2024

Mobile banking fraud , on the other hand, is on the rise, with a 10% increase in losses, reaching a new record high for the first six months of a year since data collection began in 2015. As mobile banking apps become the preferred platform for an increasing number of users, fraudsters have identified new vulnerabilities to exploit.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Fintech Finance

NOVEMBER 13, 2024

However, with smart meters and digital payment technologies like mobile banking and e-wallets, consumers now expect to pay bills digitally. FIS, a global financial technology leader, chose Oracle Cloud Infrastructure for its superior price-performance, global reach, and non-blocking networks.

ACH 97

ACH Non-Bank Blocks Digital Payments 97

Open Banking Excellence

JULY 9, 2024

Importantly, these also test instances where users were blocked from client data because of the absence or revoking of consent, both of which, our research showed, would invariably challenge Open Banking success. That tells us that consumers’ appetite for Open Banking is significant and is waiting to be satisfied.

API 147

API Payment APIs and Integration Participant Regulations 147

PYMNTS

JUNE 19, 2020

In that country, PayIDs debuted two years ago as part of Australia’s New Payments Platform tied to mobile banking and apps. Though PayID in Australia is not part of this most recent announcement by Ripple et al, at least some of the tenets are the same. The goal seems to advance crypto as a payment choice.

P2P 106

P2P Bank Routing Number Payments ATM 106

FICO

SEPTEMBER 14, 2016

Have you ever had the frustrating experience of trying to use a credit card in a foreign country, only to have the purchase blocked because your bank was unsure it was legitimate? This might seem like the bank doing a good job looking out for you. I’ve discussed this simple use case of mobile analytics before.

Authentication 84

Authentication Non-Bank Blocks Chip Cards 84

PYMNTS

MAY 27, 2020

Criminals making such attacks hope that FIs will fail to realize that contact center staff reports of suspicious callers should prompt closer monitoring of other channels, such as online and mobile banking. Around The FI Fraud Decisioning World.

Scams 98

Scams Account Takeovers Online and Mobile Banking Credit Union 98

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

The Fintech Times

FEBRUARY 20, 2025

InTick, the listed derivatives blocking network, has appointed ex-JP Morgan EMEA head of future and options sales trading Jamie Philip, CTPO and technology entrepreneur Emanuel Kuce Radis , and director of AI and analytics for banking and financial services at Cognizant , Scott Harrison to its strategic advisory board.

FinTech 64

FinTech Cross-Border Payments Disaster Recovery Online and Mobile Banking 64

PYMNTS

MARCH 26, 2020

“But before all that can happen,” she cautioned, “we have to look at and be aware of the infrastructure banks have at the community level.” Dig into that infrastructure, she said, and there can be a range of different vendors across core operations, mobile banking, online banking and payments processing.

Payment APIs and Integration 99

Payment APIs and Integration Online and Mobile Banking Credit Union Community Banks 99

The Fintech Times

JULY 22, 2024

It has also acted as a wake-up call for many incumbents who have noticed they are losing clients to the newcomers on the block. However, the emergence of fintech has allowed many of these groups to find the support they need financially due to new, unique offerings. So what are incumbents doing to become more accessible?

Adjustments 118

Adjustments Online and Mobile Banking Financial Inclusion FinTech 118

The Fintech Times

APRIL 22, 2024

Its research reveals that 78 per cent use their smartphones for mobile banking, 85 per cent for accessing email, 71 per cent for managing social media and 51 per cent. The study reveals that one in five respondents experienced compromised personal bank accounts through unauthorised access via mobile banking apps.

Identity Theft 59

Identity Theft Consumer Online and Mobile Banking Monetary Loss 59

PYMNTS

JULY 6, 2017

French startup Qonto has officially launched its corporate digital banking solution. The company said this week that businesses can now open a bank account on its website, with customers able to access digital and mobile banking services for a monthly fee. Reports said Qonto wants to be the N26 of business banking.

IBAN 40

IBAN Mobile Banking Visa Blocks 40

The Fintech Times

APRIL 23, 2024

As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? They were not able to test banks’ back-end security systems.

Addressing 69

Addressing Online and Mobile Banking Security Best Practices 69

PYMNTS

SEPTEMBER 7, 2016

The malware targets users’ banking apps and steals credit card information. Kaspersky Lab trails the activity of cyberthreats, including such malware, which steals data using an overlay screen on real mobile banking apps and in the Google Play Store. Android is the most widespread and dominant mobile operating system globally.

Blocks 41

Blocks Cybersecurity Credit Cards Mobile Banking 41

PYMNTS

MAY 28, 2019

According to a report on Tuesday (May 28), a France-based “digital banking startup aimed at teenagers” called Pixpay has raised nearly $3.5. The banking service for teens reportedly will launch later this year in time for the new school term in France, and the service will cost users about $33 monthly. million in fresh capital.

Accounts 55

Accounts Contactless Payments Mobile Banking Blocks 55

Fintech News

JANUARY 10, 2024

Source: OCBC The acceleration of real-time payments brings with it an escalated risk of fraud, necessitating the integration of sophisticated fraud services capable of screening and, if needed, blocking transactions almost instantaneously.

Cross-Border 116

Cross-Border FinTech Cross-Border Payments Embedded Finance 116

PYMNTS

JUNE 29, 2018

Blockchain or distributed ledger technology covers a wide range of new technology approaches, but using some of the same building blocks and concepts [of other approaches],” he said. “The Embracing technology to address the long-extant pain points is not without its challenges, said Metzger.

Blockchain 83

Blockchain Global Payments Cross-Border Payments 83

PYMNTS

NOVEMBER 14, 2019

The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg. NEW DATA: Banks Fail To Meet Consumer Desire To Drive Mobile Banking Authentication. Investors from the U.S.

Debit Card 40

Debit Card Federal Trade Commission FTC Fed 40

Payment Savvy

DECEMBER 2, 2022

Designed for Android mobiles, the NFC payment app Google Pay also ensures you make transactions in a safe environment with end-to-end encryption across devices. Among the top features is find-my-device, with which you can search, block or delete devices that are no longer in use. The Bottom Line.

Mobile Payments 98

Mobile Payments Contactless Payments Online and Mobile Banking CHIPS 98

PYMNTS

JULY 10, 2020

Customers cannot afford to let fraudsters compromise their bank accounts under any circumstances, but the current economic climate makes attacks all the more painful. Financial institutions (FIs) thus need to ensure they can successfully block ATOs as well as quickly detect and mitigate any that slip through.

Multifactor Authentication 53

Multifactor Authentication Authentication Credit Union Fraud Prevention 53

PYMNTS

MARCH 14, 2018

And yet stumbling blocks remain – as do challenges in reaching the two billion adults worldwide, including 50 percent of unbanked adults in the poorest households. That perception of value drove further usage in mobile banking and other banking platforms.

Financial Inclusion 48

Financial Inclusion Real Time Payments Mobile Banking Federal Reserve 48

The Payments Association

NOVEMBER 12, 2024

Customer-Centric Innovation: Delivering Personalised Experiences in a Competitive Landscape Today’s banking customers expect personalised, seamless experiences across all digital channels. Whether mobile banking, online payments, or wealth management services, customers want access to fast, secure, and intuitive digital services.

Online and Mobile Banking 88

Online and Mobile Banking Non-Bank ISO 20022 On-Demand 88

PYMNTS

FEBRUARY 29, 2016

Changing business processes often means having to start with hard coding and working across the several vendors that have supplied the building blocks across different processes. With that hodgepodge of technology in place, said the executive, efficiency is hardly easy to come by.

Finance 43

Finance Credit Union B2B Blocks 43

Finovate

AUGUST 16, 2024

.” The bank’s search for tech talent comes as the institution has increased its investment in financial technology. After making more than 60 enhancements to its mobile banking app, including biometrics and fraud monitoring, the bank saw an 18% year-on-year increase in active digital users.

AML 64

AML Disaster Recovery Payments Non-Bank 64

PYMNTS

MARCH 1, 2017

For instance, as shown by an inventory of 200 or mobile money innovators jointly done by Market Platform Dynamics and the Gates Foundation a few years ago, there have been all kinds of efforts—mostly geared toward emulating the success of mPesa in Kenya—with little success to show for it. The issue now is finding the right access point.

Financial Inclusion 60

Financial Inclusion Visa Interoperability Economy 60

Fintech Labs Insights

APRIL 30, 2015

Digital banking platform for financial institutions. Online & mobile payment solutions in Southeast Asia. Tags: Online banking, mobile banking, money management, PFM, Finovate alum. Total raised: $76 million. Source: Crunchbase. MX (formerly MoneyDesktop). HQ: Provo, Utah. Latest round: $30 million Series A.

Online and Mobile Banking 30

Online and Mobile Banking FinTech P2P Payroll 30

PYMNTS

OCTOBER 11, 2018

The challenge, Fagan noted, is keeping up that high level of consumer satisfaction in the digital age, as consumers now expect a certain level of service when it comes to mobile banking, payments, and loyalty or security. The expectations are high, he said, and the margins for error are slim.

Credit Union 56

Credit Union Fraud Detection Online and Mobile Banking Account Takeovers 56

PYMNTS

AUGUST 21, 2017

The malware is known as the Faketoken Android Trojan , a mobile banking malware designed to steal credentials such as name, credit card number and CCV, amid other information. Segwit2x will feature two-megabyte blocks in the blockchain ledger, allowing it to operate faster than Bitcoin but still slower than Bitcoin Cash.

Bitcoin 40

Bitcoin Credential Push-to-Card Blocks 40

PYMNTS

MARCH 22, 2018

Riddle said that these prompts, combined with same-day bill pay capabilities, give people a whole new way to manage their bills – especially millennials , who expect speed and instant gratification, and can often find even mobile banking too slow – while closing all the loops between the deposit account and the biller.

Credit Union 46

Credit Union Faster Payments Corporate Credit Unions Deposit Account 46

PYMNTS

SEPTEMBER 9, 2016

The malware targets users’ banking apps and steals credit card information. Kaspersky Lab follows the activity of cyberthreats, including such malware, which steals data using an overlay screen on real mobile banking apps and in the Google Play Store. From there, the malware receives more of the user’s information.

Phishing 41

Phishing Breach PayPal Database 41

PYMNTS

AUGUST 13, 2018

And never mind that consumers aren’t sitting on hold for hours these days with the bank waiting to get updated information on transactions and account balances. Banks have invested time and money into creating their own virtual assistants to give consumers access to their bank account information via their mobile phones.

Bitcoin 44

Bitcoin Online and Mobile Banking Payments Blockchain 44

CB Insights

JUNE 5, 2019

Ford and Intel have teamed up on a project called Project Mobil, in which a dashboard camera uses facial recognition to identify the primary driver of a vehicle or other authorized drivers, such as family members. One use case could be blocking the car from starting if someone other than an authorized driver sits in the driver’s seat.

Technology 78

Technology Law Enforcement Online and Mobile Banking Authentication 78

PYMNTS

APRIL 6, 2016

But there’s a new kid on the block, so to speak, that is making waves in the kidtivity market — a little firm called Sawyer, which hopes to be the OpenTable of kid entertainment bookings. million to push its mobile banking platform into sub-Saharan Africa. million in seed funding over the last year. Dare we drill down further?

Fed 40

Fed Blocks Origination Finance 40

PYMNTS

JULY 16, 2016

And emojis have more that a communication or commerce future – they may also be the next big thing in providing consumer security when logging into mobile banking.

Online and Mobile Banking 42

Online and Mobile Banking Blocks Consumer Security 42

FICO

AUGUST 3, 2022

They were able to identify attempts to uncover CVVs on the cards they had issued, identifying a subset to be blocked and reissued. One customer told how they had been able to deploy user defined variables in FICO Falcon Fraud Manager to track and understand payment velocities. Innovative Customer Communications for Fraud.

Financial Crimes 52

Financial Crimes Crime Scams Bots 52

FICO

MAY 19, 2020

Blocked cards and frozen funds that are under investigation are a major headache to consumers and nimble organizations will be doing all they can to minimize these and to look at how they might make their policies more flexible. Retail Banking Channels. We are also seeing a shift in the channel mix for customers overall.

Account Takeovers 52

Account Takeovers Identity Theft Scams Financial Crimes 52