Are the days of passwords coming to an end?

Topics: Fraud, Technology
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Forgotten passwords are an all too common customer experience. The typical scenario is to make a few guesses, hope you don’t get locked out of your account, and eventually end up resetting your password only to forget it the next time you need it. And if that isn’t enough, try logging in to your bank … Continue reading →

There’s no sense of urgency for EMV- an update

Topics: Technology, Trends
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I recently wrote about the lack of urgency around EMV implementation and posed the question whether EMV cards are even necessary. At an industry conference this month, both informal conversations with financial industry executives and formal presentations confirmed this slow migration. While awareness is high, many see no reason to forge ahead before the October … Continue reading →

The Future of Customer Acquisition

Topics: Customer Acquisition and Retention, Examples
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It is no secret that consumer behavior has changed significantly over the last decade; financial institutions (FIs) are not immune. How many of us skip over television commercials with our DVR? And how many of us don’t even look at the credit card offers we receive in the mail before throwing them away? The answer … Continue reading →

Feeding the Mobile Addict with Responsive Web Design

Topics: Customer Acquisition and Retention, Customer Experience, Technology
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Mobile devices are transforming our lifestyles. The need for things to happen within a split second is being fed by evolving devices, applications, and constant connectivity. There are hundreds of devices from providers such as Apple and LG, and thousands of applications. Now that there are more mobile devices in the United States than people, … Continue reading →

There’s no sense of urgency for EMV, perhaps with good reason

Topics: Technology
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After much hubbub about EMV readiness for the liability shift come October 2015, it doesn’t seem like things are moving with much pace in that direction. There isn’t a sense of urgency from either card issuers or retailers. What is going to be the impetus to drive change? Consumer demand.

In January 2015, a survey … Continue reading →

The Integration of Disparate Apps for ID, Payments and Tickets

Topics: Technology
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With all the different apps available to hold ID, credit cards, and airline tickets, we haven’t yet achieved the convenience that consumers desire for a complete digital wallet. Progress is being made by many companies and government agencies, yet the result is disjointed as each focuses on their own piece of the puzzle. Will our … Continue reading →

When Worlds Collide: Customer Expectations Meet Mainframe Experience

Topics: Customer Experience, Customer Service, Technology
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The quick pace of change in technology is hard for any institution to keep up with, particularly as customers become more reliant on mobile devices. Bank infrastructure is built to be secure and reliable, to process billions of transactions without a single error. Unfortunately, there was a tradeoff when building it. Banks cannot respond to … Continue reading →

2015: The year banks take back banking

Topics: Trends
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It has been 25 years since I started Zoot in the basement of my home. Back then some of the most innovative banks were looking for unconventional solutions that would make their businesses stronger and their customers happier. Fast forward to 2015 and our clients’ needs haven’t really changed; automated processes, realtime transactions and tools … Continue reading →

Is the end near for banks? A call to action.

Topics: Technology, Trends
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Jack Welch, famous CEO from General Electric once said, “If the rate of change on the outside exceeds the rate of change on the inside, then the end is near.”

Many banks today are facing an unprecedented challenge just like this. Often, internal processes designed to protect the institution; slam the brakes on new ideas. … Continue reading →