Challenger/Neo Banks: Like vs. Trust

Challenger banks are a global phenomenon that is catching the eye of consumers.  Cool, agile, user-friendly, price worthy, and underdogs.  In the shadow of incumbent banks, challenger banks are biting at the ankles of their big brothers.  Consumers like challenger...

Effect of COVID-19 on Latin American Digital Banking

In the past five years, banking in Latin America has undergone a huge transformation, triggered by the arrival of fintech companies offering low-cost, digital-only banking services. Today, in Latin America digital banking accounts for more than 50% of all banking...

Traditional Banks, Challenger Banks, Neo Banks, Digital Banks – WTF

The world is changing. Human behavior is changing. Banking is changing. Across the globe, challenger banks, neo banks, virtual banks, digital banks are mushrooming rapidly chipping away market share from traditional banks. Offering the latest in innovation and access,...

6 WAYS COVID19 WILL IMPACT PAYMENTS

COVID19 is wreaking havoc on the world economy, impacting multiple industries. One sector that has been adversely hit is the payments industry. The Coronavirus has drastically changed payment habits, as consumers shift to digital channels to reduce the risk of...

The Correlation Between Cash and COVID–19

As part of the COVID-19 outbreak, central banks have resorted to quarantining physical bills. In South Korea’s central bank, the Bank of Korea has implemented a quarantine policy for physical notes. In Israel, the Ministry of Transportation has banned the use of cash...
Challenger/Neo Banks: Like vs. Trust

Challenger/Neo Banks: Like vs. Trust

Challenger banks are a global phenomenon that is catching the eye of consumers.  Cool, agile, user-friendly, price worthy, and underdogs.  In the shadow of incumbent banks, challenger banks are biting at the ankles of their big brothers.  Consumers like challenger...

Effect of COVID-19 on Latin American Digital Banking

Effect of COVID-19 on Latin American Digital Banking

In the past five years, banking in Latin America has undergone a huge transformation, triggered by the arrival of fintech companies offering low-cost, digital-only banking services. Today, in Latin America digital banking accounts for more than 50% of all banking...

6 WAYS COVID19 WILL IMPACT PAYMENTS

6 WAYS COVID19 WILL IMPACT PAYMENTS

COVID19 is wreaking havoc on the world economy, impacting multiple industries. One sector that has been adversely hit is the payments industry. The Coronavirus has drastically changed payment habits, as consumers shift to digital channels to reduce the risk of...

The Correlation Between Cash and COVID–19

The Correlation Between Cash and COVID–19

As part of the COVID-19 outbreak, central banks have resorted to quarantining physical bills. In South Korea’s central bank, the Bank of Korea has implemented a quarantine policy for physical notes. In Israel, the Ministry of Transportation has banned the use of cash...

Will the Coronavirus Expedite Contactless Payments?

Will the Coronavirus Expedite Contactless Payments?

If you have been vacationing in Antarctica for the past month, you may be surprised to hear that the world is on its head with Coronavirus concerns. Fear and concern have engulfed the planet as the virus infection continues to grow. Shares of companies that make face...

2020 Will Be a Landmark Year for Mobile Payments – 7 Reasons Why

2020 Will Be a Landmark Year for Mobile Payments – 7 Reasons Why

Increased mobile penetration and a growing level of consumer comfort with making payments via smartphones is changing how consumers pay for goods and services. In most countries in the world, cashless payments are becoming the norm. The acceptance of contactless...

The Mobile Fraud Nightmare (2019)

The Mobile Fraud Nightmare (2019)

It’s Halloween today, and mobile fraud is scaring organizations throughout the world. Mobile fraudsters are up to their old, rather new tricks… and none of them are a treat. Like the goblins and ghouls of Halloween, mobile fraud strikes terror and fear into the hearts...

Payments’ Invisible Touch

Payments’ Invisible Touch

Today payments are all about being invisible. The age-long adage of balancing security and convenience has taken a radical twist. While fraud prevention is an obvious requirement, the need for a frictionless transaction has become a main-stay requirement. Today’s...

Bad Week for Biometrics

Bad Week for Biometrics

Last week was a bad week for biometrics.  Two separate incidences that demonstrated the vulnerability of biometrics authentication occurred. The first occurred at The Defcon event, Las Vegas where researchers were able to demonstrate that they...

Understanding Mobile Account Takeover in 7 Min.

Understanding Mobile Account Takeover in 7 Min.

What is Mobile Account Takeover? Account Takeover (known as ATO) is a type of identity theft where a bad actor gains unauthorized access to an account via the manipulation of a user’s mobile device. What is the difference between mobile and desktop ATO? The...

My Crypto Account Has Been Hacked?

My Crypto Account Has Been Hacked?

Imagine that you have entered your crypto wallet and noticed that your account has been wiped clean and several transactions to unfamiliar addresses have been made. You’ve been hacked. Due to the “virtual” nature of cryptocurrency ‘ownership’ is determined by whoever...

The Cost of Payment Friction

The Cost of Payment Friction

In the world of digital payments friction is kryptonite.  It is the only “substance” that can bring superman to his knees. Friction is the kryptonite of merchants and retailers, it is one of the most stressful payments related issue that merchants and retailers lose...

What is SIM Swap and Why Should You Be Worried – Part 1

What is SIM Swap and Why Should You Be Worried – Part 1

Envision receiving a bank notification alerting you that all the money in your account has been cleaned out. At first you are shocked, frightened and bewildered.  Once the shockwave subsides there is frustration and anger directed at your bank wandering how this could...

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vsdlasjdlaEnvision receiving a bank notification alerting you that all the money in your account has been cleaned out. At first you are shocked, frightened and bewildered.  Once the shockwave subsides there is frustration and anger directed at your bank wandering how...

Behavioral Biometrics and Mobile Payment Security- Highs and Lows

Behavioral Biometrics and Mobile Payment Security- Highs and Lows

Smartphones have revolutionised the payments world. More and more people are using their mobile phones to transact. Whether it’s to tap and pay for a coffee at Starbucks, return a poker debt via a peer-to-peer (P2P) app or making a cashless donation to a homeless...

Contactless Payments Penetrating the USA

Contactless Payments Penetrating the USA

If you’ve ever travelled the New York City’s subway or bus network, you’ve probably noticed its archaic payment system. Come May 2019, passengers riding the MTA subway will be able to pass through a fare gate by tapping their credit card or smartphone on dedicated...

Are P2P payments the future? Are They Safe?

Are P2P payments the future? Are They Safe?

Peer-to-peer (P2P)payment apps have become super popular recently.  These apps usually connect to individuals’ bank accounts and can be used to quickly and easily send $23 to a friend to cover a poker debt.  The apps are slowly impacting how transactions and purchases...

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