Weekly Coffee Break: Roundup of Industry News

Weekly Coffee Break: Roundup of Industry News

Weekly Roundup of Industry News

Every week, we’ll share a roundup of industry news and fun links because these resources have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

How Bots Can Connect Banks and Millennials – Imagine that before responding to a co-worker’s Slack message about going to lunch, consumers could ping their bank from the popular office messaging system to ask if a $12 burrito bowl at Chipotle fits within their budget. The bank’s bot says the bowl is OK, but maybe skip the guacamole. After all, that’s extra.

10 Financial Habits You Need to Start Today – When you look at people who are financially fit, they all have several things in common. They know the value of money and have developed plans and habits that keep them in shape — financially speaking, of course. They are never late with their bills. They know the value of money. They have little to no debt at all.

These are their habits. They all have this common thread, which binds them together. They know what to do when it comes to money — and what not to do. They may not have thousands of dollars in the bank, but they are still financially fit. They just handle money in a way that seems magical to many of us.

HOW TO COMBAT CONSUMER FRAUD DURING SUMMER TRAVEL SEASON – ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, provides fraud prevention best practices for consumers traveling to Rio—or to other tourist destinations—this summer.

With fraud rates continuing their frightening ascent, consumers must be vigilant. As nearly half a million fans descend upon Rio for the upcoming Games, it’s alarming to note that 49 percent of consumers in Brazil experienced fraud in the past five years. In fact, Brazil is the second most fraudulent country, according to ACI’s new global benchmark fraud study of more than 6,000 consumers across 20 countries. The U.S. is not far behind; 47 percent of consumers have experienced card fraud in the past five years. 

When your kid asks you for something, try to keep the money conversation going – Many parents are all too familiar with the request from their kids to buy something for them. In some situations, parents might even face a shopping-mall meltdown or a grocery store “pleeeeease” incident. But kids can also surprise us or make us laugh with their curiosity and assumptions about money.

Top 20 Finance Apps: Chase Mobile vs. Credit Karma – Chase Mobile and Credit Karma are locked in a struggle to claim the number one slot among finance apps this week, with Chase Mobile topping the iOS charts and Credit Karma emerging as number one for Google Play. PayPal and Wells Fargo Mobile also vied for spots four and five on the lists, with Bank of America Mobile coming in before both of them at third for both iOS and Google Play.

Millennials Prefer Mobile Wallets from Non-Banks – Mobile wallets are increasingly becoming a part of the daily lives of the digital consumer. Beyond mobile payments capabilities, the non-payment side of mobile wallet links loyalty cards, coupons, boarding passes, ID cards, event tickets, alerts, and notifications.