Is NFC on its deathbed? Banking's innovation problem? Openness about fraud? These questions and more from BAI Payments Connect.
PHOENIX — A standing-room-only crowd flocked to a BAI Payments session on mobile wallets and got this message: Stop dawdling. Try something. Anything.
PHOENIX — The loud message at a session on mobile banking at the BAI Payments Connect conference was, "Go big or go home."
Popmoney now allows person-to-person transfers within mobile banking app, company says.
Doubt has been swirling around the potential widespread use of near field communication, or NFC, a technology that links consumers’ mobile phones to merchants’ point-of-sale terminals, enabling instant mobile payments. Apple released the iPhone 5 without an NFC chip, leaving millions of consumers out of the NFC equation.
Mobile phones are more than just phones. They have become indispensable portable computers, helping manage our personal lives, connecting us at all times to the office and bringing us the information we want, when we want it at the speed of light.
Despite slow uptake and Google's low-touch service, search giant remains largest foe in digital wallet disintermediation threat.
Conferences, white papers, surveys, pilot programs, new applications all screamed the same refrain in 2012: mobile banking, mobile banking, mobile banking.
Many smaller financial institutions have become increasingly disconnected from the way people live today because they continue to operate on outdated technology that hasn’t kept pace with what consumers need.
CU Times technology writer Robert McGarvey says it's time to quit being cheerleader for mobile banking and focus on improving the experience.