5 Must-Reads This Week: Who Needs Technology?

5 Must-Reads This Week: Who Needs Technology?

5 Must-Reads This Week: Who Needs Technology?

The answer, of course, is everyone. This week had us thinking about how universal technology has become – and how our adoption of new technology only begets the need for more. Who needs technology? If you’re a credit union, it’s you.

What had us hooked in this week’s news:

Banking’s Forgotten Generation?
The Financial Brand
Millennials may grab the headlines, but don’t forget who’s really driving financial activity. Consumers age 50+ still are the foundation of bank and credit union growth. Are you doing enough to meet their increasingly digital needs?

Consumers Crave More Digital Services
Payment Eye
Nine out of ten consumers use their smartphones more than any other device, and consumers would also prefer to use biometrics over PINs – with fingerprints being the preferred method, according to a new Mastercard survey.

One Year in, U.S. Is Visa’s Largest EMV Chip Card Market
Just a year after the EMV liability shift sent merchants and card issuers scrambling to comply, the U.S. has become Visa’s largest market for EMV chip cards, with 363 million Visa chip-enabled cards now active.

Is NFC the “Next Evolution” in Payments?
Mobile Payments Today
A new report by Aite Group predicts that, as EMV becomes the standard, NFC will rise up as the next evolution in global payments.

Citigroup Jumps on the ClearXchange Bandwagon
The big banks’ last best hope to undercut P2P pioneer and perennial Millennial favorite Venmo got its newest convert — long-time holdout Citibank.