bank-technology

Private 'Distributed Ledgers' Miss the Point of a Blockchain

10/28/15

ThereÂ's no doubt that blockchain technology will facilitate disruptive innovations in finance, but a world of private ledgers sounds eerily similar to a range of Â"private Internets.Â"

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Banks Are Failing to Educate Consumers About EMV

10/23/15

With the EMV liability shift having just passed, banks and merchants alike are scrambling to comply with the card network-imposed deadline.

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Replace Those Aging Core Systems Now

10/21/15

So many banks are running systems that were implemented before 1984, the year Mark Zuckerberg was born. TheyÂ're going to be dead meat in the age of real-time connectivity in the near-free world of todayÂ's mobile Internet.

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EMV Not an End-All for Card Security

10/20/15

While migration to cards with chip technology should help mitigate card fraud, additional steps by retailers and more layers of security are needed.

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Britain Provides Clues for the U.S.'s EMV Future

10/16/15

EMV card technology has fully replaced traditional magnetic stripe cards in virtually all developed countries except the U.S. In these markets, it's proven to be an effective technology to reduce fraud for card-present transactions, forcing fraudsters to migrate to areas that have not adopted a chip-based payment system.

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A Chip Without a PIN Is Asking for Fraud

10/15/15

The U.S. might be ahead of the rest of the world in some areas of security, but when it comes to protecting against credit card fraud, we're way behind.

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The Great Rebundling of Financial Services

10/12/15

Banks are being "unbundled" by challengers in numerous business lines, but they can recapture the relationship with the help of technology and the right mindset.

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What I Want to Talk About at Sibos: B of A's Cathy Bessant

10/10/15

Bank of America's ops and tech chief is looking to discuss the Internet of Things, innovation, diversity and recruitment at this week's global wholesale banking conference.

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What I Want to Talk About at Sibos: B of A's Cathy Bessant

10/10/15

Bank of America's ops and tech chief is looking to discuss the Internet of Things, innovation, diversity and recruitment at this week's global wholesale banking conference.

[more]

Elon Musk Will Get Us to Mars Before He'll Revolutionize Payments

10/09/15

In a new book, PayPal founder and former exec Elon Musk argues this big thinking is missing from PayPal and payment startups. Put another way, NFC and QR codes won't repair the global economy. The problem is Musk's big picture approach is it would challenge interoperability and ultimately stagnate the very industry he's trying to save.

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