Remove 2025 Remove Security Remove User Experience
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FDIC Extends Timeline to Comply with New Digital Signage Requirements

Perficient

The Federal Deposit Insurance Corporation (“FDIC”) recently announced that it is providing financial institutions additional time to get new process and systems in place by extending the compliance date for the new FDIC signage and advertising rule (Part 328, subpart A) from January 1, 2025, to May 1, 2025.

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FDIC Digital Sign Requirement Deadline Fast Approaching – Part 1 of 2

Perficient

However, rather than the same sign to be put online, the December 2023 rule established a new black and navy blue official digital sign shown below: Beginning on New Year’s Day 2025, banks will be required to display the FDIC official digital sign near the name of the bank on all bank websites and mobile applications.

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Report: Digital ID’s Role In Boosting Trust In The Sharing Economy

PYMNTS

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud.

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Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding

PYMNTS

million by 2025. Speedy, secure onboarding is vital at a time when consumers have to use digital banking to prevent health risks. Not just any digital banking platform will do, however: 38 percent of customers consider user experiences to be essential when selecting online banking services.

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As Fraud Feeds On Data, FIs Harness It With AI

PYMNTS

The latest Fraud Decisioning Playbook highlights how eCommerce merchants, financial institutions and other businesses are embracing fraud decisioning solutions to enable secure, seamless experiences for legitimate users. Current and Future State of Fraud. Some estimates claim that as much as 34 percent of U.S. Too Much Data

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How 5G Will Shake Up Banking and FinTech?

PYMNTS

Banks and credit unions are still wrestling with the best ways to deploy mobile technology, and do so in ways that balance security, and safe authentication, and consumer convenience. As that mobile technology get closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity.

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Luxury Retail, Luxury Fraud: How Neiman Marcus Is Battling Fraudsters

PYMNTS

This growth is reflected across all areas of retail as online shopping becomes more popular with consumers, forcing even more traditional retailers — such as those that sell luxury products — to craft an online experience. By 2025, online luxury sales are expected to triple, leading to an anticipated $91 billion in sales, one report noted.

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