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Today, if a customer wants to transfer cash to another person digitally — whether on an app like Paypal's Venmo, or through an individual bank's payment transfer system, like Chase's QuickPay — it usually takes one to three days for money to move to...
If someone gains access to your account and you aren’t enrolled in services like email and text alerts, that person will be able to use your information for 75% longer, according to Javelin. That means greater losses for you.
Credit-card issuers are tackling fraud by checking your phone’s location against card purchases; if your phone is there, they figure, so are you.
"We've done such a terrific job of enabling people to do banking 24/7 in their pajamas, they never see a banker," said Mark Schwanhausser, director of omnichannel financial services at Javelin Strategy & Research. "Digital banking is a double-...
Big banks are eager to take on PayPal’s Venmo money-transfer app, and they’re banding together in their efforts to do it. Last year, consumers transferred $379 billion through online and mobile, according to research firm Javelin Strategy...
Javelin's recently released 2016 Identity Fraud Report found that criminals, awash in stolen Social Security numbers, are switching their tactics — opening new accounts rather than using existing ones. The Javelin study found that new account...
"They cite a wealth of information and resources available to FIs [financial institutions] for managing cyber risk," Al Pascual says. "It would seem to me, in keeping with sound regulatory practice, that the FDIC would not further raise the...
Nerdwallet - Banks still make the lion’s share of U.S.-based personal transfers, wiring nearly $140 billion in person-to-person payments last year, according to analyst firm Javelin. Non-bank providers, including Western Union and MoneyGram, sent $...
The Huffington Post - Incidents of identity theft held fairly steady last year, according to a new report by Javelin Strategy and Research. It would seem with time-honored methods of ripping people off going the way of Bonnie and Clyde, fraudsters...

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