Payments and data security is a never-ending journey punctuated by both “milestones” and “events”. Milestones are the high points associated with meaningful security improvements (e.g. a new feature, product, or tool that better protects the data) or newly demonstrated competency in managing security. A security-mindful company will experience these positive milestones frequently and consistently. Events…
Banks are beginning to realize that mobile payments are better not left to tech giants. Banks can be intermediated and loose the one-on-one brand connection with the consumer. But how can banks win the mobile payments game? Well, the partnership between Chase and MCX gives us a few good lessons. At first you wouldn’t think…
Banks risk being intermediated by major wallet providers by not enabling their own banking app for payments. Learn how they can fight back! The branded mobile app is the closest, cheapest connection banks have ever had with their customers. But banks are under threat to lose this connection and millions of dollars in investment by…
Depending on which survey you read, anywhere from 28% to 48% of iPhone 6 users have already tried Apple Pay, and half of those who haven’t intend to do so in the next 90 days. These astoundingly high numbers will impact the payments industry just as iTunes impacted the music business, and players who adapt…
We may love the Hollywood movies about amazing bank or jewelry heists, armored car robberies, art scams, and the like, but smart criminals figured out long ago that a good financial data breach is a much more lucrative form of criminal activity. And it comes with the added benefit of much lower risk of arrest…
HCE cloud-based mobile payments have opened a new chapter in the industry’s thinking around security of card data on-device and the risk management associated with it. The lack of secure element hardware storage on-device creates the need for strong software based solutions to mitigate the risk of storing sensitive card data on phone memory. Tokenization…
Banks and merchants are under threat to lose millions of dollars in investment in their apps by allowing them to become obsolete because they don’t provide the most desired functionality of all: Payment. The reason is simple. A mobile app that offers a new and better way to perform a task that literally occurs multiple…
The launch of Apple Pay may have been the most impactful announcement of any tech firm this year. The tech titan with the Midas touch and customer experience extraordinaire will finally make mobile payments work where so many other have stumbled. I will finally be able to leave my wallet at home and transact anywhere…
Sequent’s new eBook “Turn Any App Into a Wallet” helps banks, merchants and other app owners understand how to add valuable commerce functionality to their existing mobile apps. Most companies understand that having their branded mobile app in a consumer’s smart phone is the closest connection they have ever had with their customers. With time…
Apple Pay is here and banks can finally enable NFC mobile payments for their iPhone carrying customers. However, the Apple smart phone user base, while considerable, is only part of the entire customer base of banks and merchants. How can banks serve their entire customer base, especially their Android-based customers? And this is not a…
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