Besides convenience, mobile payments offer gateways for hackers to grab valuable info. David Lott of the Federal Reserve Bank of Atlanta shares how banks and consumers can mitigate these risks.
As the mobile wallet train leaves the station, banks will discover that a ‘fast follower’ strategy risks leaving them behind.
Facebook credits may be passé but Facebook banking looks like it’s here to stay.
With the outlines of digital payments still so uncertain, savvy organizations are making many experiments to keep moving forward.
The Barclays Pingit P2P app works well for both consumers and corporate customers, suggesting that a new stage in mobile payments has arrived.
Given increasing fraud threats, U.S. retailers need to begin now to transition to EMV chip-and-PIN card acceptance.
BITS executive John Carlson says the financial services industry must collaborate closely with outside constituencies to mitigate fraud and security issues in mobile payments.
By proceeding cautiously in mobile banking, banks are following the same prudent course they pursued with remote deposit capture.