Software as a Service (SaaS)- Back to Basics Instant issuance is emerging as a key element in branch transformation to respond to the on-demand expectations of customers. Financial institutions are discovering that an in-branch instant issuance solution quickly delivers on service and speed, expediting cards into cardholder hands. However, questions often arise when choosing between…
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This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $3.9 trillion in bills last year. Business Insider Intelligence That market is growing slowly, but…
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More than 252 million iPhone owners globally use Apple Pay, a figure that equates to 31% of the active iPhone base, says Loup Ventures, a Minneapolis-based venture-capital firm. A year ago, the figure was 25%. That growth mostly is coming from international consumers, who Loup Ventures says account for 85% of Apple Pay users, versus…
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Contactless payments failed to gain momentum in the United States when they first appeared more than a decade ago. Executed through smart magnetic stripe cards, waving a card was only marginally faster than traditional swiping. Coupled with the extra cost of contactless card production, the business case was weak among stakeholders and adoption stalled. The…
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Starling Bank’s portrait Mastercard debit card. Image: Starling Consider the ways you use your bank card on an everyday basis, whether handing it over to a cashier, swiping it to make contactless payments, or inserting it into an ATM. How are you holding the card as you do all those things? Vertically, I’m willing to bet,…
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by Tina Giorgio It often seems as though there’s a technology du jour in our industry. As fast as one solution takes center stage, a shiny, new option emerges and all heads turn. This constant over-saturation can leave us struggling to separate the long-term standards from the fleeting fads. Let me cut through that clutter…
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By 2020, nearly all smart devices including mobile phones, tablets and wearables will have some form of biometric security enablement. By the same time, personal banking through mobile apps will also overtake online banking in the UK. According to a recent report from Goode Intelligence, by 2020 1.9 billion bank customers will adopt biometrics for a…
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Card Design – Back to the Basics Cards are everywhere — relied on to purchase goods, grant access to buildings or memberships, earn brand loyalty points, discounts, and more. Companies can visually enhance cards to appeal to a wide audience, inspiring usage while creating a preferred, top-of-wallet experience. Card designers are able to create a…
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It’s impossible to predict how long consumers around the globe will cling to using plastic cards for payments, but not uncommon to hear predictions of the product’s demise. Entrust Datacard, which serves both sides of the physical and digital payments spectrum, sees the categories’ fates as intertwined. The more momentum digital and mobile wallets have,…
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Visa Inc. and Mastercard Inc. are getting close to settling a 13-year-old lawsuit over fees charged when merchants accept card payments, according to a person familiar with the agreement. The two card companies and banks including JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. would pay merchants about $6.5 billion under the…
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