San Francisco, CA, December 17, 2013: The results of Javelin Strategy & Research's annual Mobile Banking Vendor Scorecard show that FIS, Monitise and Fiserv are outperforming all competitors with mobile banking solutions. Javelin's fourth annual Mobile Banking Vendor Scorecard evaluates vendors' solutions—standard out-of-the-box and customizable—to assess critical categories of features and functionality that will drive mobile banking adoption among consumers.
At long last, 100% of the top 25 retail financial institutions offer downloadable mobile banking applications, up from 84% in 2010. With mobile banking usage on the rise, vendors have a strong case to present to financial institutions still skeptical on the value of investing in the channel. As adoption rises, financial institutions with strong mobile banking capabilities will find themselves increasingly appealing to the growing base of smartphone owners.
Financial institutions need to adopt a strategic plan for mobile banking," according to Mary Monahan, Research Director of Mobile at Javelin...
Javelin Strategy & Research Finds Data Breach the Primary Source of Misused Payment Cards
San Francisco, CA, December 12, 2013: Over the past several years, criminals have proven immensely capable of compromising massive volumes of credit and debit card data by breaching the systems of organizations that store or transmit payment information. Among the most recognizable businesses to do so, merchants and processors have become high-profile targets. Javelin identified a connection between consumers being compromised in data breaches and later actually becoming a fraud victim. Today, Javelin Strategy & Research (@JavelinStrategy) released the Payment Card Data Security Report: Combatting Breaches, Perfecting EMV and Safeguarding Mobile Payments, which found that the number of notified card-breach victims who suffered fraud increased 340% from 2010 to 2012, resulting in $4.8B in fraud losses.
Despite industry guidelines to protect payment card data, 15.8 million consumers were notified that their card information was compromised in 2012. Criminals are motivated...
EZShield tops Best in Class as Identity Protection Service, while LifeLock and IdentityForce Earn Top Awards too
San Francisco, CA, December 4, 2013: The results of Javelin Strategy & Research’s annual Identity Protection Services study show that EZShield, LifeLock and IdentityForce are among the best in preventing, detecting and resolving identity fraud. Javelin’s seventh annual Identity Protection Services study examines the issues affecting consumer adoption of identity protection services and the means by which service providers can maximize their share of an increasingly consolidated market.
“The identity protection industry has historically been dominated by several core products. However, providers are beginning to leverage new technologies and relationships in order to protect consumers from a broader variety of fraud threats,” said Al Pascual, Senior Industry Analyst, Security, Risk & Fraud at Javelin Strategy & Research.
- EZShield Earns Best in Class Identity Protection Service Provider. Javelin awarded Best in Class to EZShield with impressive prevention, detection and resolution capabilities. It...