Banks must strive to create a stellar customer experience in the digital world. They cannot afford to postpone integrating all channels into firm-wide CE programs. The reason: Digital channels are becoming important drivers of satisfaction among critical customer segments, including affluent consumers and the increasinly influential Gen Y or millenial generation.
This report analyzes the U.S. mobile proximity payment market, covering payments made by consumers using a mobile device at a merchant’s physical location. Three years of actual historical data and a five-year forecast are provided. By 2019, it is projected that mobile proximity payments will total $54 billion.
22 pages; 10 charts/graphs
Javelin’s eighth annual Identity Protection Services Scorecard examines the issues affecting consumer adoption of ID protection services and how providers can distinguish themselves in a market crowded with providers offering core services at no charge. The dynamic nature of fraud trends continues to affect the development of the scorecard as well as the composition of provider offerings. These trends are the prevalence of fraud against existing-card accounts driven by data breaches and upcoming changes to the U.S. payments landscape such as the rollout of the EMV chip-card standard. Providers continue to lag in integrating existing account management tools into their solutions.
52 pages; 36 graphics
This report explores where push notifications fit into the overall financial alerts landscape. The report includes a five year forecast of alerts, and a comparison of mobile banking apps from Bank of America, Chase, U.S. Bank, Wells Fargo, and a regional credit union underscoring that FIs are often hobbling their own cause with off-putting designs.
29 pages; 15 charts/graphs
The Apple Watch release opens a brief window for retailers, banking, payments and wallet providers to move first in wearables. To assist in developing for Apple Pay and other smartwatches, this reports analyzes the first offerings in wearable banking and payments, interprets Apple’s developer guidelines from a banking and payments lens, and exposes the key features wearables owners crave.
29 pages; 17 charts/graphs