Despite the headaches and hoops, banks that recognize and adapt to EMV as a new normal can win in the marketplace.
To keep their payments operations from getting lost in a fog of buzzwords and fancy technology, bankers need to work from a payments playbook that focuses on revenue.
While many small businesses remain wedded to paper checks, banks should move now to offer them electronic alternatives, says BAI Payments Connect 2014 panelists.
The U.S. card industry’s move to EMV technology to combat fraud will likely accelerate because of recent data breaches, say BAI Payments Connect 2014 panelists.
Real-time payments could be moving a step closer to reality under pressure from forces both inside and outside of the financial services industry, say BAI Payments Connect 2014 panelists.
For mobile banking adoption to take off for high-value transactions, critical issues of access and awareness need to be addressed.
When financial institutions deploy major technology projects, they need to make sure that their business processes can accommodate the changes.
Financial institutions can optimize recurring fee revenues just by offering specific bundles consisting of no more than three services combined.