UK banks drop the ball in digital onboarding of customers

December 8, 2017

Traditional banks in the U.K. are losing ground to challenger banks when it comes to digital banking services, according to the new report, UK Bank Accounts: A…

Report correlates mobile banking features, customer favor

December 8, 2017

Malauzai Software, a provider of mobile and internet banking apps for community financial institutions, has released its December Monkey Insights report.

Apple Pay joins P2P players

December 7, 2017

Now U.S. consumers have yet another P2P payment alternative besides Zelle, Venmo and (as always) cash. On Tuesday, Apple announced in a press release that…

TIO Networks breach might have exposed 1.6M consumer records

December 5, 2017

TIO Networks, the bill payment platform acquired this summer by PayPal, has said that a security vulnerability could have exposed the personal information of…

PNC rolls out real-time payments

December 5, 2017

PNC, a top 10 U.S. bank by assets, has gone live on RTP, The Clearing House real-time payment system, using the Finastra payment services hub, Fusion Payments.

How to grow a financial institution in an era of uncertainty

Customer expectations for omnichannel engagement and the move toward open banking can be viewed as challenges, but they can also be seen as opportunities for…

FIs face disconnect in consumer desires for innovation, security

December 1, 2017

Despite the banking industry's efforts to embrace innovation, consumers in the U.K. remain wary about sharing their data, according to a recent survey by NCR…

Do bitcoin and blockchain have a future in financial services?

Distributed ledger technology undoubtedly has characteristics that could improve payment processing efficiency and security ... if financial service providers…

Brits keen to use contactless payments for larger purchases

November 28, 2017

Nearly half (48 percent) of U.K. shoppers would like to customize their contactless card transaction limit or, at least would like to have the option to do so…

Cyberfraud 'a worrying trend' in UK; 5M cards canceled in 1 year

November 28, 2017

Ten percent of U.K. adults (approximately 5 million people) have canceled a payment card within the last year due to attempted cyberfraud, according to a new…

Study finds significant consumer willingness to bank with fintechs

November 26, 2017

A survey of more than 133,000 consumers in 22 countries reveals significant openness — at least half of respondents in most countries — to buying a financial…

How Brits got easy ATM access — and could lose it just like that

by Ron Delnevo — Chairman, Cash and Card World

IADs in the UK have always fought an uphill battle. The fight will become harder still — in fact, hopeless for some — if the banks that own the Link ATM…

FIs to funnel spending into fight against digital channel fraud

November 20, 2017

Mobile and online are emerging as financial institutions' most convenient and least expensive delivery channels, but both face a major challenge: fraud.

Managing ATM networks in the age of disruption: Head, not hype

Issues such as falling cash demand and branch closures could present a challenge to ATM deployers. They'll need to use their heads to sort out the real-world…

10 ways to find funds for digital transformation

November 17, 2017

According to the 2017 CEO survey by Gartner Inc., 42 percent of CEOs are now taking a digital-first view to business change.

ThreatMetrix forecasts a flood of Black Friday cyberfraud

November 17, 2017

With online purchases poised to exceed those in physical stores this holiday season, Black Friday 2017 could be the busiest day ever for cyberattacks on…

Cashless payment just the ticket for global public transit, Visa says

November 16, 2017

Visa has announced plans to take a sizable bite out of cash with Visa Global Transit Solutions, a new program designed to accelerate the use of debit, credit…

EAST publishes 3rd ATM crime report for 2017

November 10, 2017

The European Association for Secure Transactions has published its third European Fraud Update for 2017, based on country crime updates provided by…

Survey seeks ATM industry members' input on security

November 10, 2017

The ATM Industry Association is asking all industry members worldwide to share their experience, opinions and advice regarding ATM security by participating in…

Maestro, Electron give way to MasterCard, Visa in Europe

November 10, 2017

Bankcard issuers in Europe are upgrading cards from Maestro and Electron — particularly debit cards — to MasterCard and Visa, taking advantage of the wider…