News Topic: Technology

Apple Pay's impact will be mitigated by the limited availability of near-field communication terminals and by consumer concerns about the safety of NFC technology. ... Read full article

As regulators emphasize the importance of data integrity, chief data officers need to consider new strategies to ensure that all bank employees are on the same page about improving information quality. ... Read full article

Americans are still looking for the same fundamental services from their banks. It's their expectations of convenience and accessibility that have changed Â-- and that's where digital offerings should come in. ... Read full article

From the moment Apple revealed its mobile wallet to the world, PayPal has wasted little opportunity to take its share of digs at the product. ... Read full article

Apple's desire to maintain tight control of the payment experience is likely to wind up pushing banks away from iPhones and toward Android and host card emulation technology. ... Read full article

Until we know without doubt with whom we are transacting, the legacy payment networks cannot be made secure for Internet-sourced electronic payments. ... Read full article

The New York Times ' Neil Irwin says Apple Pay is trying to solve a problem that isn't a problem, but heÂ's missing the point. ... Read full article

While customers were losing faith in banks, they were falling in love with tech. Banks will have to start changing their message if they're going to catch up, according to consultant Chiaki Nishino. ... Read full article

Banks that misinterpret regulatory guidance on vendor risk management can wind up shortchanging themselves and stifling industry innovation, according to consultant Paul Schaus. ... Read full article

Given Americans' heightened concerns over cybersecurity, banks should reconsider the notion of promoting card use for every transaction, according to Douglas Ceto of CetoLogic. ... Read full article

Social media won't drive profits until banks figure out how to direct traffic to their blog and provide the kind of emotional content that people like to share, writes John Siracusa. ... Read full article

The Heartbleed bug alerted banks to their own vulnerabilities and made them realize that they have heightened responsibilities toward customers when it comes to communicating security concerns, according to Joram Borenstein of NICE Actimize. ... Read full article

While bankers' reputation as the unquestioned authorities on financial services may be changing, the importance of face-to-face interactions has not lessened, according to contributor Dave Martin. ... Read full article

Like the Internet of the 1980s, today's payment systems are a mishmash of disparate, closed networks that cannot communicate with one another effectively. Distributed ledger technologies can solve this problem. ... Read full article

Payments startups may be fast and smart, but banks have compliance know-how, an established customer base and physical branches that will help them hook customers on new products. ... Read full article

AirbnbÂ's recent rebranding featured personal narratives from employees and customers as well as stories that emphasized the companyÂ's local roots. Banks can apply these lessons to their own marketing and product development, according to ... Read full article

Startups that focus on person-to-person payments or peer-to-peer lending may well be the future heavyweights of the financial services industry. Banks must either band together to create viable alternatives or risk losing relevance. ... Read full article

Banks that want to stay ahead of the digital curve should consider hub-and-spoke branch models, products that blend digital and physical services and innovation labs that allow creative thinkers to experiment Â-- and even to fail. ... Read full article