News and Events for the Mobile Marketing, Payments, and Technology Industries

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Aite Discusses FFIEC, NIST Guidelines

An Aite Group analysis of the recently issued U.S. Federal Financial Institutions Examination Council (FFIEC) and National Institute of Standards and Technology (NIST) finds that they should be the impetus for a comprehensive risk assessment across the organization so that financial institutions as well as fintech suppliers don’t run afoul of regulators. The regulations are “open” in that they will apply to new types of mobile commerce and payments that may not yet be...

Kount, Midigator Team Up

Midigator LLC, a leading chargeback and fraud technology platform, and Kount, a provider of fraud and risk prevention solutions, are partnering to expand chargeback and fraud management solutions for card-not-present (CNP) retailers. The partnership combines Midigator’s negative database of “friendly” fraudsters and patented technology with Kount’s, patented “decision engine” technologies for detecting “true fraud.” “This development is great news for...

Mobile Wallet Adoption Remains Slow

Mobile wallet usage in the United States remains small and shows no signs of increasing soon, according to a PYMTS.com study. The research found that less than 5 percent of consumers who have one of the main wallet use it when they can. The study also showed percentage of people who have trying a such a solution appears has flatlined for most mobile wallets – except Apple Pay, which has been in the market the longest and actually seen its first-time usage go down. Some of...

Small Businesses Slow to Adopt Mobile Banking: Report

Small businesses for the most part aren’t impressed with most mobile banking offering, with more than a third (34 percent) never having used mobile banking even though their financial institution offered it, according to new research from RateWatch, a banking data and analytics service owned by TheStreet, Inc. and Simon-Kucher & Partners, a strategy and marketing consulting firm. “The small business customer is a huge untapped market for financial...

Integrated Technology Driving Retail

Consumers of all ages are seeking an integration of technology and shopping. With the right mobile and digital platforms, retailers can draw customers into their store for experience and purchasing, according to new research from the International Council of Shopping Centers. “Consumers are the drivers of demand, and they’ve made it clear they want more technology integrated into their shopping experience,” said Tom McGee, President and CEO of ICSC, in a prepared...

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