Hungry? No cash in your pocket? Not a problem if you were an employee at SEFCU, the $2.4 billion upstate New York credit union, during an ambitious pilot it ran last summer and fall to test an FIS mobile wallet product at Zia Maria’s Cafe at the SEFCU corporate headquarters...
It’s a good time for credit unions to make strategic decisions about how to support these – seemingly similar, but actually very different – devices.
Some of the same tech advancements that credit unions are leveraging to attract and retain members are proving just as attractive to a less savory element.
Some may call it a convergence of three game-changing forces that are rewriting financial institution security at warp speed.
Debate's no longer about mobile modes. Now is the time to begin considering payments and the "digital wallet."
Mobile banking has created new opportunities for consumers and criminals alike, and some of the greatest vulnerabilities stem from the same factors that make banking by cell phone so attractive, industry observers and participants say.
While an estimated 90% of U.S. consumers use mobile phones, far fewer use them for banking. In fact, a Gartner report released in June said that out of the group studied, only 15% had used mobile banking in the past month.