Opinions

While the average consumer’s banking and payment account information may not be considered as highly-sensitive as the "non official cover" list from Mission Impossible, multi-layer authentication is still the best way to fend off fraudsters.

Some community banks stick with rigid or outdated policies out of habit. That winds up hurting them when customers take their business to financial institutions that use technology to make transactions more convenient.

Rejiggering the credit-scoring system won’t do much to expand credit access. Instead, banks and financial services companies should start thinking about new ways to evaluate the situational factors that influence borrowers’ reliability.

Mobile payments are quickly becoming an integral part of consumers’ daily lives. In order for businesses to stay competitive, it’s important for them to stay on top of the trends in the industry.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including a critical look at the Fed's post-crisis monetary policies and a bid to make the funding community groups receive from banks more transparent.

Blockchain technology may soon make the high fees, lengthy transaction times and opacity that have plagued legacy cross-border payments a thing of the past.

Customers expect mobile banking services — but they're not necessarily impressed by them. Bank marketers should instead emphasize their institutions' problem-solving capabilities and skilled professionals.

There is money to be made for merchants who support mobile payments. However, cyber criminals have noticed and they want their cut, too. The newer and more untested the technology, the greater its potential vulnerability.

Looking at the majority of recent articles around the launch of Apple Pay in the UK, you’d be forgiven for thinking that the most exciting aspect of Apple Pay is its harnessing of Near Field Communication (NFC) technology.

Payment system transformation has become a pressing need for banks today. The rate at which this is happening is largely controlled by the conflict between rapid technological shifts and the barriers to product acceptance.