Loyalty and Rewards in the Digital Age
One of the key weapons in banks’ arsenal as they fight for new customers is a robust rewards card offering.
Synthetic Identity Fraud: The Elephant in the Room
Synthetic identity fraud is nothing new. However, modern criminals have been able to exploit the underpinnings of the current and admittedly flawed personal identity regime to take synthetic identity fraud to a whole new level.
U.S. Unsecured Credit: The Next Bubble to Burst?
While the current housing debt remains relatively flat to the prerecession numbers, the nonhousing debt has grown 31 percent in the last 10 years. The larger concern is that two-thirds of that debt, or $2.21 trillion, is unsecured. Another crisis potentially looms with no collateral to assist in a recovery.
The Ins and Outs of Payments Hubs
With the emergence and practical adoption of new payment workstreams, it is time again for the topic of payments hubs to take center stage.
U.S. Prepaid Card Market Overview: The New Bank Account
Prepaid products are now a common payment option for consumers and businesses looking for alternative ways to spend, save and disburse funds.
Digital Channel Fraud Mitigation: Evolving to Mobile-First
Digital channels are very attractive to financial institutions because the online and mobile channels enable FIs to offer products and services much more cheaply than in a branch or contact center environment.
Person-to-Person Payments: How Americans Pass the Buck
U.S. households made more than $1 trillion worth of person to person payments in 2017.
Portrait of a Borrower
Since their emergence in the late 2000s, alternative lenders have been regarded as the most significant disruption to the lending business in recent memory, excepting the global financial crisis of 2008.
Group Sees Opportunity in a Crowded Market
The state of Massachusetts hasn’t seen a de novo bank application in roughly a decade, largely because the state’s 124 resident banks have created a market categorized by fierce competition.
ABA Releases Fact Sheet On EMV Use
The American Bankers Association this week published a fact sheet illustrating the impact of EMV on fraud.
