Financial institutions (FIs) continue to place a greater emphasis on enabling new account-opening growth through online and mobile channels, and expand their product offering to foster financial inclusion and growth. In my recently published study New DDA Strategies: Balancing Risk and Regulators, over 40% of FIs in every category with the exception of the largest FIs already offer some type of second chance account. While only 17% of the largest FIs currently offer second chance accounts, another 17% are planning to do so and 50% are evaluating whether to do so.
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A couple weeks ago at Money 20/20, my co-presenter (Brian Byrne from EMVCo) demoed the new-and-improved version of 3-D Secure (3DS) to a packed house of payment industry professionals. There’s been a renewed industry interest in 3DS leading up to this launch—I’ve received more inquiries from clients about 3DS in the past six months than I have in my entire six years at Aite Group. So the big question is, will we see a big incremental adoption of 3DS 2.0?