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Tech Talk: Mobile wallets, biometric onboarding, pay-by-glance, and more!

  • ATM shimmer gang cracked
  • Securing onboarding with biometrics
  • Digital or Open Banking
  • The digital banking customer journey
  • Mobile wallets gaining on credit cards
  • Visa testing 'pay-by-glance'
  • Gen Z is transforming the way we bank
  • Biometrics shaping credit cards
  • Centralizing all your business bank accounts
  • Spam, Scams & Breaches
  • Updates, Patches & Alerts
  • and on the lighter side...

ATM shimmer gang cracked
In 2015, police departments worldwide started finding ATMs compromised with advanced new "shimming" devices made to steal data from chip card transactions. One former Secret Service agent helped crack a code that revealed the contours of a global organized crime ring. Krebs on Security has the details.

Securing onboarding with biometrics
Online banking's popularity has peaked over the past year. FIs offering this capability find that their customers face several onboarding challenges, including tedious application approval processes and excessive costs. How can you overcome these obstacles? PYMNTS.com has the details.

Digital or Open Banking
If your bank is not digital by now, then either it has closed or will be closing. Open Banking is the new path for success. Let’s examine Digital Banking and Open Banking. Finextra has the details.

The digital banking customer journey
To keep up with customer demand for banking online, the banking industry has been in a frenzy to create the best digital customer experience. But a dangerous thing can happen when financial institutions are in a rush, especially when it comes to customer experience. Banking Dive has the details.

Mobile wallets gaining on credit cards
Mobile wallets have picked up a lot of prominence, particularly among the roughly 30 percent of consumers the study identified as "highly connected." That strikes quite a contrast to the "lightly connected" consumers, which heavily favor cards (credit and debit). PYMNTS.com has the details.

Visa testing 'pay-by-glance'
To pay with their face, customers first need to install the O.Vision mobile app, register their phone number, save their facial biometrics and link a payment card. Then, they look into the camera at the restaurant payment terminal. Finextra has the details.

Gen Z is transforming the way we bank
Attracting a Gen Z base is not as simple as launching a garish app and giving away freebies. They came of age in a banking crisis and may have received their first paycheck during a COVID-induced recession. So, what can this new crop of fintech disruptors teach us about reaching and retaining the valuable Gen Z audience? Fintech Futures has the details.

Biometrics shaping credit cards
As commerce becomes truly omnichannel, consumers are becoming used to wielding plastic and virtual cards. According to Amanda Gourbault, executive vice president, financial institutions at IDEMIA, enhancing the digital services on offer as those physical and virtual cards are launched can make them more attractive to cardholders. PYMNTS.com has the details.

Centralizing all your business bank accounts
Airbank, a startup, is taking advantage of open banking regulation and related APIs to aggregate all your bank accounts. Focused on startups and small and medium companies, the company wants to build an all-in-one banking interface to access financial data, initiate payments, manage cash flow and more. TechCrunch has the details.

Spams, Scams, and Breaches

Updates, Patches, and Alerts...

See what other current hot cyber and technology topics affecting financial institutions BOL users are discussing in the Technology Forum.

And on the lighter side...

We've all had to jump through the "prove you're not a robot" hoop. It's just a minor inconvenience, right? Verifying that you're not a robot

First published on 06/25/2021

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