The world’s unbanked number in the billions, but the potential bank revenue? Hundreds of billions.
While EMV technology by itself would not have prevented the Target data breach, its use within a layered defense system would have helped enormously.
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.
To manage zero revenue transactions, banks need to do a better job of reducing the operational costs of those transactions.
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 use real-time payments to solidify customer relationships and ward off competitive threats from nonbanks.
New data visualization technology is enabling banks to capitalize on payments data that has historically been hidden away in databases and spreadsheets.