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Banks Need Better Open Tech to Counter Alternative Payments
In the last decade, customer loyalty has extended beyond the bank to include an array of non-bank solutions for financial management, payment and lending.  more »
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Bloomberg News
The Beltway debate between the retail and financial sectors over the electronic payment system has flared up again. While retailers are lobbying Congress to extend government price controls to credit card interchange rates, separate bills would repeal Durbin Amendment ceilings on debit card interchange and strengthen merchant security standards. more »
Bloomberg News
Pokémon Go has taken the US by storm, to put it mildly. For an app that was released very recently, it already has more users than Twitter and is beating Facebook on daily engagement. more »
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In many emerging markets, daily financial transactions—buying groceries, paying a utility bill, cashing a paycheck or billing a customer—are notoriously difficult. Banking institutions are few and far between, and large swaths of the population have little or no access to them. more »
Amazon's Dash Button
When Amazon launched Amazon Dash buttons, many observers predicted that the concept would completely upend the retail model. But recent market research shows that fewer than half of Amazon Dash purchasers have actually used the button. more »
While the growth of digital commerce is a universal concept, digital has and will continue to manifest itself different depending upon the industry vertical and its level of digital maturity. more »
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So here we are, just weeks out from a post-Brexit vote world, and a cloud of uncertainty hangs over the U.K. as it is left to try and carve out its new place in this new paradigm. more »
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Though an extremely effective solution to a very specific problem, tokenization is more of a single piece of the security puzzle than the end-all of stopping data theft and credit card fraud. more »
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Despite improvements in technology, most consumers remain skeptical of mobile wallets, often testing them once or twice before abandoning the idea and returning to traditional payment methods. more »
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Earlier this year, the Federal Deposit Insurance Corp. (FDIC) narrowly avoided disaster when sensitive information for 44,000 agency customers was stored without proper security measures…on a personal storage device. more »
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Wearables have made a major breakthrough in the last two years. I believe that in several sectors including payments they are now mainstream technology rather than a minor tributary. more »
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What’s the hottest trend in business right now? Social networks such as Facebook and Twitter? Sharing economy apps such as Uber and Airbnb? Apple, and its line of personal computing devices? Or Software as a Service for the enterprise, such as Salesforce? more »
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The Federal Financial Institutions Examinations Council (FFIEC) recently issued a warning for financial institutions to review their cybersecurity as it relates to fraudulent transfers and global payment networks. more »