Post Tagged with: "Aite Group"

Fighting Fraud with… Fake Fraud?

Fighting Fraud with… Fake Fraud?

by April 20, 2016 at 10:32 am 1 comment

The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. A common attack against aRead More

Should Banks White-Label Bitcoins?

Should Banks White-Label Bitcoins?

by February 28, 2014 at 11:32 am 1 comment

Mt.Gox declared bankruptcy today, leading to widespread fears about the security of other bitcoin exchanges. Could banks step into the breach? Could banks even release their own brands of virtual currencies? In the early days of paper money, banks issued their own notes. (See left.) But as time went on,Read More

Millennials Are Better with Money Than You Think

Millennials Are Better with Money Than You Think

by December 9, 2013 at 11:09 am 0 comments

The kids are all right. The rap on today’s young income-earners is that they haven’t bothered to learn about money and spend too much time on social media and smartphones. But two recent studies paint a very different picture. They show a generation that is making use of the broadRead More

Mobile Banking: To Charge or Not to Charge

Mobile Banking: To Charge or Not to Charge

by July 12, 2013 at 10:03 am 2 comments

Mobile apps are expensive for banks to produce — from $1 million to $5 million according to numbers from last month’s Mobile Banking Summit in Miami. Yet most banks are still offering mobile services for free. Does this make sense? “No one is charging for access,” David Albertazzi, senior analystRead More

RDC Giving New Life to Paper Checks (Drop Jaw Now)

RDC Giving New Life to Paper Checks (Drop Jaw Now)

by May 24, 2013 at 10:45 am 9 comments

Smartphone technology is disruptive to many areas of banking, and in the payments space, it has been said that mobile banking — particularly person-to-person payments and mobile wallet — will help spell the end of checks. In fact, the UK is set to sunset the paper check by 2018 [EDIT:Read More

PFM is Good for You. So Why Don’t More People Use It?

PFM is Good for You. So Why Don’t More People Use It?

by December 7, 2012 at 10:19 am 8 comments

Financial institutions sure are excited to offer personal financial management (PFM) software to customers these days. The problem is, customers are slow to take them up on it. My Community Federal Credit Union, a Midlands, Texas-based credit union with 23,000 members, recently launched a PFM product from MoneyDesktop, which has pickedRead More

Mobile Adoption Said to Spike After Hackers Target Online Banking

Mobile Adoption Said to Spike After Hackers Target Online Banking

by November 15, 2012 at 9:16 am 0 comments

Here’s a paradox for you: Generally, a certain portion of consumers — a whopping 68% of smartphone users, according to a September report from California-based software security company Metaforic — avoid mobile banking because of security fears. Yet, the great banking security scare that started at the end of last September, the DDoS (or distributedRead More

Mobile Payments have been Mainstream for a while now…

Mobile Payments have been Mainstream for a while now…

by May 18, 2012 at 1:31 am 0 comments

If you believe the pundits, mobile payments are years away from being mainstream. But that’s not at all an accurate assessment of the state of the industry. Firstly, a mobile payment can be many things. There are seven primary models for mobile-enab…