Insights & Research

Timely & Informative Articles from the Narmi Team

P2P Payments: What does the data say?

How do you pay a friend? That question has changed quite a bit over the past 20 years: moving from an answer of “cash” or “check” (or maybe a promised beer) to, frequently today, a mobile app. New data from Narmi shows a surprising contrast to the press releases from major players.

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Keep the Teller, Fire the ATM!

A new bogeyman is again threatening banking employee jobs: the mobile banking app. Similar to previous rounds of automation, banking apps will make human bankers even more integral to the bank experience - what will be less necessary are those machines for physical cash. So fire the ATMs and hire more bank staff!

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Venmo & Zelle – What’s the Difference?

Third-party person to person (P2P) applications have become popular with millions of users, especially those in the younger demographic. Cash and checks are essentially non-existent, and users prefer a digital-first method to make payments. Two methods in particular - Venmo and Zelle - stand out.

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Why Two-Factor Authentication is a Must Have

In 2016, the most common password was 123456. Passwords alone are not powerful security barriers to protect your back office systems or the applications your end-users utilize. Two-Factor Authentication is a simple and necessary security measure that greatly enhances the security of your financial institution.

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