READ ALL ABOUT IT: Millennials, FinTech and Slow Mobile

April 22, 2016 CO-OP Financial Services

Insight Vault Week in ReviewConsumer Choice Will Define the Future of Payments
Finextra
In this video interview, conducted at Money 2020 Europe in Copenhagen, Ann Cairns, President of International Markets, MasterCard Worldwide, talks about the future of digital payments, wearables, cards and cash.

 

Why Aren’t We Reaching for Phones at Checkout?
New York Times
Mobile payments may be the wave of the future, but right now growth is slow. Mobile payments currently account for 0.2 percent of in-store payments – and that’s if you include sales from Starbucks’ juggernaut app. What do we need to create momentum?

 

EMV Adoption Is Up. What’s the Rest of the Story?
Payment Eye
MasterCard reports that 67 percent of its consumer-branded cards now have EMV chips – up from 51 percent on October 1, 2015. But exactly how well-received are EMV cards? Can we expect smooth sailing toward full adoption?

 

Is Blockchain a Good Look for Banks?
Mobile Payments Today
Banks are investing significant money in Blockchain technology. Bank of American filed 15 patents in January and has announced its intention to file 20 more. But didn’t Blockchain originate as part of an alternative currency? Are banks and other established financial institutions the right companies to bring Blockchain to the mainstream?

 

What Is FinTech Doing for Millennials?
Let’s Talk Payments
“If you press a button that says ‘transfer money,’ having to wait three days for it to happen is three days too late.” So says this author about Millennial expectations. Is FinTech doing a good job of addressing Millennial frustrations? Who’s got the goods?

The post READ ALL ABOUT IT: Millennials, FinTech and Slow Mobile appeared first on Insight Vault.

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