Community banks are taking a more “calculated” approach as the EMV liability deadline approaches.
Post Tagged with: "Bank of America"
It appears Bank of America is not keeping pace with Wells Fargo & Co. and JPMorgan Chase in the drive to bring users to its mobile platform. A year ago, Bank of America had about 800,000 fewer mobile users than JPMorgan Chase. Today that number is closer to 1.7 million.
Developers have already started integrating Touch ID into their apps. Check out the videos here.
Last week, it was disclosed that Apple’s iOS 8 would allow consumers to scan their credit cards for mobile payments. The announcement barely registered on the banking industry’s radar, especially with all the iPhone 6 hubbub. It should have. This is just one more in a series of developments thatRead More
If you know bitcoins, Capital One Financial Corp. wants to hire you. Specifically, Cap One is looking to hire data scientists with extensive knowledge of Bitcoin, cryptocurrency, and other emerging technology, according to a job posting on its career page. First noted by Coindesk, the job posting is for aRead More
Bank of America has expressed interest in tapping emerging capabilities such as Touch ID in future iterations of its mobile app, which was updated last week. Allowing an Apple authentication system inside the walled garden of a mobile banking app would be a major development. The Charlotte, N.C.-based bank releasedRead More
The largest financial services websites saw substantial year-over-year traffic growth last month, according to new data released today. This growth came as traffic at some of the other Top 50 websites in the nation fell, including at PornHub.com, the largest online porn site, Netflix.com and Walmart.com. Well, the financial servicesRead More
Recommendation engine Wisely just got, well, wiser. The app uses real-world transaction data to help users find nearby stores and restaurants. It also tells users what other visitors spent and how they rated the experience. This is accomplished by users linking cards to the location-sensitive app, which then compiles whereRead More
JPMorgan Chase updated its iPhone app Thursday, and dropped some hints about its mobile roadmap for the rest of 2014. The newly updated app, seen at left, aims at “humanizing the user experience” for iPhone users, said Gavin Michael, Chase’s head of digital for consumer and community banking at aRead More
Remote deposit capture has hit the big time. It used to be that banks would tout the use of smartphone cameras to deposit checks on earnings calls to signal that they were serious about innovation. Now that the remote deposit of checks via RDC has become table stakes for theRead More
Mobile users continue to grow at Bank of America. The bank grew mobile users by 4% in the first quarter of 2014, while shedding 1% of its branches. Mobile users reached 15 million, almost 20% higher than one year ago. JPMorgan Chase and Wells Fargo both saw about 5% QOQRead More