We all know that nowadays you don’t need to carry cash in the wallet to make a purchase. And thanks to mobile technologies people can now even leave their bank card at home. But what is really amazing is that now consumers don’t need to have a payment card at all, which brings never-before-possible convenience to clients.
Today it is hard to find a global bank that does not offer mobile banking services. And apps are no longer just a convenient way to check your balance, they are an integral part of the banking experience and highly valued by consumers.
The People’s Bank of China (PBOC) is preparing to become the first major central bank to issue a digital version of its currency — the yuan, seeking to be abreast with and in control of an evolving economy.
The new cryptocurrency Libra was introduced by Facebook three months ago, on 18 June 2019. It is expected that the launch of the Libra at the global level will take place in the first quarter of 2020, and testing will begin at the end of 2019.
With the rapid pace of digitalisation and the constant growth of e-commerce, easy and instant cashless payments are becoming a must-have for consumers of financial services.
In the 1970s, when ABBA recorded their first album and when the second Walt Disney World began accepting visitors, another great achievement happened - the birth of the bulky magnetic stripe reader now known as a point of sale (POS) terminal.
On 17 July 2019 in Brussels, SWIFT – a member-owned cooperative that brings together more than 11,000 banking organizations, securities institutions and corporate clients, announced enhanced global payment innovation (gpi) for corporates.
Customers want banking to be fast, simple and affordable, providing seamless secure digital experiences across multiple channels. On the other hand, fraudsters are devising increasingly sophisticated tools and techniques, benefiting from the large quantity of breached identity data flooding the web.
3-D Secure 2.2.0 (3DS2) — the new authentication protocol for online card transactions — is a truly exciting and welcome innovation. 3-D Secure 2.2.0 is designed to improve on its predecessor by reforming the weak points of the previous protocol. This next version of the 3DS is created especially for friction reduction in the transaction process to help improve conversion.
Since the first Quick-Response (QR) code appeared in 1994 and until now no such visible bridge between the offline and online worlds has emerged. Those blocky black and white squares of digital information seemed destined to become a big thing, and they did. Nevertheless, the popularity of QR codes varies and they still have a mixed reputation around the world.
PASHA Bank, the largest private bank in Azerbaijan, has launched a loyalty program in partnership with Solanteq. Together with Turkish Airlines, the bank has introduced the PASHA Bank Miles&Smiles card. The rewards program is open to both customers of the bank and any individual.
On the best weekend of July, Captain Morgan Hotel was the venue for a conference and the center of a clash of oars with kayaking races sponsored by OnegoSurf and Work & Sport. In the evening, it turned into a lounge area with relaxing music, exquisite food from Frank and a wonderful view of the setting sun. The fifth anniversary of Solanteq offered a change of activity, and as you all know this makes for the perfect break!
Towards the effective implementation of the digital strategy and information system improvement, Ukrainian Vostok Bank and Solanteq signed an agreement for the launch of SOLAR Retail Banking - a modern processing product for all types of retail operations.
The payments industry has been, and will continue to be, one of the most dynamic areas of innovation in the banking industry. Banks and credit unions must anticipate consumer needs and innovate in ways that will prioritize the most effective mix of capabilities, processes and people.