Recent reports allege substantial security flaws, especially in credit union apps. Developers disagree with the reports and say their apps are safe.
Suit claims aggressive automated software copies legit profiles to create dummy profiles so hackers can access profile information.
Turning to internal staff for new mobile banking tools.
It may be too early to call it a trend but at a growing—albeit small—number of credit unions are using internal IT staff to develop mobile apps, rather than buying them off the shelf.
Financial institutions still in the mix as digital wallet uptake evolves in fits and maybe starts.
LAS VEGAS—Last year, 1,500 attended the first Money2020 innovation in payments conference. This year, 4,000 stuffed into the Aria Hotel’s meeting rooms Oct. 6-10.
LAS VEGAS —For mobile commerce to happen on smartphones it almost certainly will require one-click buying, panelists say.
It used to be that credit unions were only trying to compete with traditional banks, which was competition enough. In today’s mobile and digital world, they are now up against nontraditional players such as Amazon and Walmart vying to sell financial services to consumers in a quick and easy format.
Android vulnerabilities are real but few security experts are urging outright bans.
Online scavenger contest helped boost site’s traffic.