December 19, 2018

Biometric banking is booming

Passwords are passe. At least that is what experts are saying about having to enter, and remember, those annoying combinations of numbers and letters to access your accounts. The growing consensus is the future lies in using biometrics to login. Between voice activation, facial recognition and fingerprint verification, biometric banking is booming.  Predictions are that […]

Your Heartbeat is Your Password

Halifax is testing wristbands that pick up a wearer’s heartbeat and use it as a way of logging into their mobile banking app. The Nymi Band would be connected to a smartphone via Bluetooth, and use ECG sensors to pick up the wearer’s unique heart rhythm. Customers would put the band on their wrists, which […]

DIGINOMIC ATMs NEXT GEN ROLL-OUT

The ubiquitous ATM machine is undergoing a major makeover that will make it a greater player in the world of digital economics than ever before. As we have noted in earlier posts how 2014-15 promises to be the transition period away from PINs and passwords, the new ATMs will lean more on biometrics. Teamed with […]

WEARABLE TECHNOLOGY (ie: Google Glass) INTRODUCES WEARABLE BANKING.

WEARABLE BANKING could become the Google Glass Generation killer app! Diginomic lifestyles, cultures and fashions are rapidly coming into vogue, starting in 2014 when Google Glass is scheduled to make its public debut. The new app that will allow the Google Glass Generation to locate ATM machines nearby helps open the gates to what is […]

Next Generation to be Born into “Cashless” Society

According to the Forrester research group, children born today will be the world’s “first cashless generation” and will prefer their smartphones over their pocket wallets in making payment transactions. The target date for this transition: 2016. According to Carl Scheible, PayPal’s managing director in England, “By 2016, you’ll be able to leave your wallet at […]

The Move Toward Becoming A Cashless Society

CBSlocal.com reports (June 24, 2013) that “It seems Texans, like most citizens around the world, are moving toward becoming a cashless society.” In its 2013 Consumer Insights Survey, SWACHA – The Electronic Payments Resource® – announced “Direct deposit users are likely to save more” than their non-EDP counterparts. According to the survey, savings rates are […]

DIGINOMICS EXPANDS: PRIVATBANK PROMOTES GOOGLE GLASS FOR BANKING

Diginomics takes another major step forward. The Ukrainian bank PrivatBank has given customers a glimpse of what they will be able to do using Google Glass once it is available on general release. Make a deposit? Simply look at the check(s) to be deposited. Pay a bill? Focus on a QR code. Many, many innovations […]

Study: Mobile banking users to exceed 1 billion worldwide by 2017

It seems that mobile banking has arrived. This year 590 million mobile phone users across the globe will use their device for banking purposes; by the end of 2017 the number will exceed 1 billion. According to Hampshire, U.K.-based Juniper Research, that 1 billion will represent more than 15 percent of the world’s mobile subscriber […]

“Square” May Be the Ultimate Reach in Diginomic Technology

Jack Dorsey is the mild-mannered super brain behind the “Twitterization” of the world. Now, he’s developed a hi-tech key into the world of diginomics through an all-electronic payment system called “Square,” which has evolved further into a pay system using GPS technology. Once you have established an account, a participating merchant like Starbucks knows when […]

Multi-Channel Banking: From Tablet to Cell Phone with One Transaction

“Multi-channel banking is the buzzword in today’s banking world; banks are competing to increase their reach by adding on customer touch points including laptops, PCs, mobile phones, tablets, kiosks, smart ATMs and even television. The digital generation is ever ready for innovation and experimentation, and expects banks to make their banking experience easier. Cross channel transaction is […]