At the recent SAS Financial Services Executive Summit, bankers gained insights into how to address the challenge of aligning technology and business in the age of big data analytics.
After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email.
Unresolved Issues Swirl Around Securing Mobile PaymentsNovember 16, 2012While many mobile payments startups are using both traditional and nontraditional authentication methods, regulatory uncertainty still exists around liability for fraud attacks on customers using mobile payments.
Moving Forward Mobile PaymentsAugust 16, 2012The Merchant Customer Exchange partnership between major retailers has a chance to be a major force in growing mobile payments adoption.
Rethinking the Biggest Threat to BanksMarch 14, 2012A panelist at the BAI Payments Connect conference says the most disruptive and threatening force to banks is not PayPal or third-party technology vendors, but a retailer.
Keeping Up With Mobile InnovationMarch 01, 2012Deloitte's recent Technology Trends report suggests that in order to succeed in the growing mobile arena, bank CIOs must take a design-led, problem-solving approach with a focus on user experience and strengthening customer relationships.
Gartner Predicts Rise of External Social and Cloud-Based Banking ServicesJanuary 07, 2012In its new report, Gartner gives advice to banks on how to stay relevant despite its prediction that external social web and cloud-based products will make up a quarter of consumer-driven banking services by 2015.
PayPal Offers Banks More Than Just CompetitionOctober 31, 2011Once known only as a method of facilitating eBay transactions, PayPal is getting heavily involved in the digital payments space. But it is offering banks more than just competition.
Do Banks Have a Place in the Future of Payments?October 31, 2011Banks must accelerate innovation in the payments space to avoid disintermediation and remain competitive. But in a twist, regulation may drive transformation rather than hinder it.
Elite 8 See Danger and Opportunity from NonbanksSeptember 22, 2008As nontraditional competitors chip away at banks' business, particularly in payments, it's important for banks to maintain a solid core of services, according to this year's Elite 8.
