Half of Mobile Users to Pay by Wallets by 2025 As Contactless Booms
Digital wallets will surf the coronavirus wave for at least half a decade as people avoid potential contamination.
Digital wallets will surf the coronavirus wave for at least half a decade as people avoid potential contamination.
Adoption of digital wallets soared during the pandemic, accelerating growth forecasts to levels threatening the entire banking ecosystem.
Three strategies will help banks and credit unions meet younger generations' challenges during COVID slump.
Reducing points of contact during payment must be a top priority for financial institutions, and 'host card emulation' can ease the way.
Finding the ideal mix of automation, experimentation, analytics and personalization dictates success or failure in the competitive struggle.
COVID's a retail banking gamechanger, accelerating digital and contactless trends. Expect more ITMs plus video 'telebanking' consultation.
Surge in contactless — both card-based and mobile wallets — also helps issuers and servicers. But legacy systems are holding them back.
New data from annual PULSE survey shows a big jump in digital transactions even before COVID, a clear sign of changing consumer habits.
What makes a digital CX leader? Look no further than Navy Federal Credit Union. The credit union's SVP of Marketing and Communications Pam Piligian sat down with Forrester's Vice President and Research Director Harley Manning to talk Navy Federal's strategy, and what sets them apart from the crowd.
Impacted by cash issues and branch closures, ATMs have been on a COVID rollercoaster. New units have less touch, greater functionality.
A cashless revolution has been accelerated by the COVID-19 pandemic. How fast and far it spreads will depend on more than just technology.
New data predict an accelerated shift to contactless, P2P and other digital payments as habits shift. But some question COVID's impact.
Explore the big ideas, new innovations and latest trends reshaping banking at The Financial Brand Forum. Will you be there? Don't get left behind.
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Shanghai-based Richard Turrin lives the 'new normal' COVID-19 ushered into China. From transportation to payments, life's very different.
Underneath the hype are mediocre adoption numbers. But before dismissing mobile wallets, note that some data and other factors point upward.
As payments become commoditized, embedded and faster, monetizing payment data becomes ever more critical for retail financial institutions.
Initially reluctant to promote another card technology, marketers are scrambling as NFC-powered credit cards begin to roll out in force.
A financial institution marketing veteran walks through the digital product's many innovations with a professional's eye and observations.
Why seemingly unrelated payment developments –Apple Card and Libra are two – may signal a critical turning point for banks and credit unions.
A private-sector faster payment system already exists but a public alternative could be cheaper for smaller banks and credit unions, in time.
Now that Apple Card is in the market, banks and credit unions must ask: Can we match this high-powered offering from Apple and Goldman Sachs?
Banking by smartwatch (or even by a ring) is no longer a gimmick. Half of consumers are willing and several institutions have jumped in.
Payments are the lifeblood of banking brands, but without change they risk losing ground to simpler options, and emerging threats like Libra.
Build a modern credit card strategy that balances profitability and risk, adopts the latest technology and delivers the customization that cardholders demand.
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