As we head into Q3 of 2020, life is looking quite different for all of us around the world. With many governments beginning to implement plans to ease restrictions, economies are expected to slowly regain their footing.
Even as brick and mortar businesses around the world gradually re-open, we will continue to see a trend towards contactless payments, digital banking, online orders and e-commerce. It is essential that financial institutions continue to provide uncompromising customer support while balancing payment revenue concerns.
Continue reading or watch the video below to learn how you can navigate the impact of COVID-19 on your payments business.
INETCO Insight for Payment Fraud Detection
Is your payment fraud team looking to stay ahead of the next big attack? Take 3 minutes and learn how INETCO Insight detects suspicious behavior and stops fraud before it impacts customer experience, reputation and the financial bottom line!
Tips to Help Financial Institutions Navigate the Impact of COVID-19 on Payments
With slowing customer spend and global payment-revenue growth expected to cost the payment industry $165-210B in 2020 revenue (McKinsey & Company), financial institutions are feeling the impact.
Whether it is granting credit, facilitating payments or distributing government aid, banks and credit unions must figure out how to balance revenue concerns with unwavering customer support during these critical times.
Learn how retail banks and credit unions can ensure their banking and payment services are reliable, secure, and accessible when customers need them most.
Increasing Digital Volumes and Shifting ATM Usage Amid COVID-19: Are you ready?
As digital volumes continue to creep up and ATM usage shifts, so does the heightened sensitivity of people and businesses that are relying on withdrawals, deposits, real-time payment transfers and bill payment transactions to complete as expected. Read the blog to learn how you can defend against performance meltdowns and payment fraud attacks.
INETCO IN THE NEWS
A Note From Our CEO Regarding COVID-19 Pandemic
“As the coronavirus (“COVID-19”) pandemic continues to affect all our families, businesses, communities and everyday lives, I want to assure you that INETCO is committed to doing everything we can to help.” – Bijan Sanii, President and CEO, INETCO
INETCO Announced as a 2020 FinXTech Awards Finalist for Improving Operations
Every year, through their Best of FinXTech Awards, Bank Director recognizes the efforts of financial technology solutions to help financial institutions grow revenues, create efficiencies and reduce fraud risk. Through INETCO’s ongoing dedication to helping their global customer base improve transaction performance, reduce payment fraud loss and enhance the end-to-end customer experience, INETCO Insight has been shortlisted in the Improving Operations category.
John O’Hara Joins INETCO Board of Directors
In early March, INETCO proudly announced that John O’Hara, a JPMorgan veteran, joined the Company’s Board of Directors as an independent director.
That’s all for this edition of the INETCO Insider. If you have additional questions about any INETCO news, or wish to share how you (or your customers) are taking control of increasing complexity across all your ATM, POS, online, branch and mobile banking channels, contact firstname.lastname@example.org.