LAS VEGAS — Contactless payments are not new — card-free ATM transactions have been seen at fintech conference for years now — but they are getting more buzz lately, especially as the industry continues to debate the possibility of a cashless society. How consumers will interact with their money in theRead More
Post Tagged with: "Retail"
Integrated, multi-channel retail banking is a reality – presenting increasing operational risk…and endless revenue opportunity for those retail financial institutions that are “ready”.
Key recommendations included:
* Adopt real-time transaction monitoring
* Monitor every transaction coming to and from your core banking system
* Use transaction-based monitoring and analytics to track the performance of external and internal service providers
Gas up with PayPal! The popular payments platform is now available at the gas station. Simply scan a QR code with your mobile device or enter a unique ID for the pump, and you’re ready to fill up and be on your way. PayPal is increasing its presence at point-of-sale,Read More
Not a day goes go by that banking competition does not seem to ratchet higher. In the latest sign of more pricing competition, Signature Bank offered investors a sneak peak at the money market rate war today, and it’s not pretty. Joseph J. DePaolo, president & CEO of Signature (ticker:Read More
The number of “active” mobile banking accounts at JPMorgan Chase & Co. climbed more than 50.7% last year to 12.4 million, the bank reported today. However, the growth rate of mobile banking accounts seems to have slowed at Chase in the fourth quarter. The company booked a 6.8% growth rateRead More
Put down that donut! Your bank account is watching. Meet Jumiya, a new venture seeking funding that is billed as “the [bank] account that improves as you do.” Jumiya’s promotional video (below) states that “health and finance are intimately linked.” Uh oh. Jumiya will reward members for checking into theRead More
Does your company have an experience marketing group? Do you even know what experience marketing is? If the answer to both those questions is “no” (or even if it is “yes”), take heed of PayPal‘s new experience marketing initiative, which recently unveiled in New York. Bank Innovation got a sneakRead More
You’ve heard about the bank branch of the future, haven’t you? It will be smaller, with a more specialized staff, will include plentiful self-service options, and be highly customer-centric. That sounds a lot like the new branch Extraco Financial Group opened last week in Marble Falls, Texas, a small town outside Austin.Read More
What you do online matters, and perhaps more so than what you do offline. Why is that true? Well, what you do online lasts a long time, your actions can been quantified, sorted, aggregated, and, most importantly, scored. That’s not always the case offline. Increasingly, the import of your onlineRead More
NCR introduced Silver, a POS solution for small businesses at BAI Retail Delivery last week. This app-based product with a cloud backend is offered for sale through financial institutions. The merchant installs an app, attaches a small device to an iPhone or iPad, pays a $79 monthly fee to useRead More