ATM Users Can Now Swipe, Pinch and Zoom Quickly through Transactions

NCR unveiled the NCR SelfServ 80 Series, a new family of ATM solutions enabling bankers to provide one-to-one interactions at moments that are the most relevant, useful, and actionable. Through a unique combination of innovation across software, hardware, and services, consumers and financial institutions will gain many new benefits from this mobile-ready ATM solution. A…

New Tool Monitors Consumer Lending to Forecast Potential Future Risks

The Consumer Financial Protection Bureau (CFPB) has introduced Consumer Credit Trends, a web-based tool to help the public monitor developments in consumer lending and forecast potential future risks. The beta version of the tool covers the mortgage, credit card, auto loan, and student loan markets. The first Consumer Credit Trends release shows a sharp uptick…

Despite M-Banking Buzz Millennials Visit Brick&Mortar Branches Most Often

Consumers increasingly expect financial services on-demand and on their terms. While a majority of consumers prefer online or mobile banking, and those channels are far more frequently accessed for day-to-day interactions, a surprisingly high number of consumers still visit the branch. A new white paper from Fiserv details the results of “Expectations & Experiences: Channels…

Raiffeisen Bank Upgrades ATMs w/Advanced Bill Payment QR and NFC

Austria’s top financial Institution, Raiffeisen Bank, is beefing up the consumer experience with 1,200 new Diebold Nixdorf automated teller machines (ATMs) equipped with advanced bill payment and contactless functionalities such as quick response (QR) codes and near field communication (NFC) readers. With these technical enhancements, the Raiffeisen Group is aligning its self-service delivery channel to the…

280K Australian POS Terminals Now Accept UnionPay QuickPass

China UnionPay cards are now accepted in Australia by about 30,000 ATMs and over 600,000 POS terminals, covering 90% of the ATMs and about 70% of the local merchants, and more than half of these merchants accept UnionPay mobile QuickPass. The local UnionPay payment service system for students study abroad is improving continuously. Since July,…

Lending Tree Grows a President to Accelerate Branching Out

NC-based LendingTree has juggled two top executives. Neil Salvage, previously the company’s Chief Revenue Officer, has been promoted to the newly-created role of President, managing the day-to-day business operations. Nikul Patel, previously LendingTree’s Chief Operating Officer, will now be the company’s Chief Product and Strategy Officer, where he will lead product innovation, consumer experience and…

Online Payment Card Holiday Fraud to Climb 12% YOY in the U.S.

ACI Worldwide says it expects a 12% growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products. ACI says following the U.S. adoption of EMV chip cards, which protects card data through encryption, fraud is shifting online as fraudsters are…

RBL Bank Integrates MasterPass QR into its OnGo Digital Wallet

RBL Bank Integrates MasterPass QR into OnGo Digital Wallet Masterpass Quick Response (QR) mobile payments solution has come to India. Masterpass QR enables mobile banking users to safely pay for face-to-face purchases using their smartphone or feature phone. Ratnakar Bank Limited (RBL Bank) is the first bank in India to integrate the Masterpass QR service…

TransferTo Ankles Key Exec to Lead East African Expansion

Singapore-based TransferTo has ankled Sandra Hua Yao to lead its business operations in East Africa as Vice President, Business Development. The appointment is part of the company’s continued geographic expansion to support its global strategy and grow in emerging markets. Sandra Hua Yao joins TransferTo from the National Bank of Kenya where she led the…