Opinions

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Some cyber-risk insurance policies could prove insufficient in the event of large-scale attack.

No organization is immune to data breaches–especially small businesses without access to the same resources as larger merchants, requiring a vigorous security program that includes EMV and other protections at the point of sale.

E-commerce and payments companies are edging into the small-business lending territory long dominated by banks. If banks want to stay relevant, they need a simpler, speedier lending process.

The number of companies that have entered into the merchant cash advance business has grown rapidly over the past year, since it can provide an additional source of income beyond payment transaction fees. An industry that seemed all but dead in 2008 has re-emerged and may be stronger than ever.

Creating a more efficient way to do the same old thing isn't enough, says David Gerbino. Banks need to reconstruct some of their basic deposit products to truly innovate.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

The financial industry should focus on creating new methods of identification, authentication and privacy protection that ward off fraud while keeping consumer inconvenience to a minimum.

The development of contactless technology, thanks to the NFC adoption in mobile handsets, is offering a new opportunity to create and develop value added services for the end user with an innovative and interactive experience.

Diebold Chief Innovation Offer Frank Natoli Jr. maps out what it will take to make biometrics a banking reality.