Remove Digital Banking Remove FDIC Remove social media Remove System
article thumbnail

Trust: Once Again the Most Precious Currency in Banking

Gonzobanker

Bank confidence is a fragile reed, and a troubled bank is damaged by any rumors, true or not.” Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber?

article thumbnail

Seven Big Threats Facing Seven Big Tech And Payments Players This Halloween

PYMNTS

Meanwhile, operating system upgrades give consumers the benefits of new features on older handsets – for free. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. 93 percent had a bank account. Online and digital banking is an innovation enjoyed by many consumers, as is P2P payments.

Payments 196
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Finovate Fall 2016 Live Blog – Day 2

William Mills

The system doesn’t need SMS so it can’t be hacked. The system provides 3 options with issuer, coupon, avg. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Social media is a special challenge since social media was not created with compliance in mind.

article thumbnail

Fraud prevention and detection: Empowering clients through education

Abrigo

At the same time, it is important not to deter clients from using digital banking methods for daily transactions. It also requires processes and systems that enable timely and effective responses to fraud. Clients should also be wary of social media scams. According to the FTC , $2.7

Fraud 195