Archive for tag: Financial News

Mobile Banking Isn’t Only For the Young

May 9, 2014

By Kim Cromer There’s no doubt the under-34 crowd is leading the charge toward mobile banking. Yet older consumers are increasingly turning to their smartphones and tablets to meet their banking needs, representing a big opportunity for credit unions. While older consumers still account for a smaller chunk of the market — approximately 27% of […]

Regulatory Screening: False Positives and Their Customer Experience Impact

May 5, 2014

By Jonathan Camhi False positives in AML and sanctions screening cause headaches for bank customers, and banks can take simple steps to fix it. Often when banks talk about the impact of false positives in their AML and sanctions screening programs, they talk about the bottom line. That bottom line is this: banks lose money […]

Silver Lining for Community Banks: Using New Regulations to Your Advantage

April 30, 2014

By Mike Percy In recent days and months, there has been much discussion about the challenges small banks face to comply with increased regulatory requirements, particularly those stemming from the Dodd-Frank Wall Street Reform and Consumer Protection Act. Though the costs of compliance have increased and can prove burdensome, especially to small banks, industry observers […]

Mobile payments push past 20% of transactions says PSP

April 28, 2014

By Elliott Holley Consumers area increasingly turning to smartphones and tablets to make payment transactions, according to Adyen Payment services provider Adyen has reported that one in five payments made on its network are now being made using a mobile device – a finding that reflects the rise of mobile payments worldwide, according to the […]

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