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    American Bankers Association

    News stories featuring American Bankers Association:

    US consumers trust banks most for payments

    November 1st, 2016

    More than eight in 10 US consumers (82%) trust banks most to keep their payments safe, research from the American Bankers Association (ABA) reveals. “Only 3-4% of consumers trust major retailers or telecom companies to protect their payments,” ABA says. Some 11% trust alternative payment providers such as Apple, PayPal and Venmo, while 21% of consumers have used a mobile app on their phone to make a payment — 65% have used PayPal, 34% have used Apple Pay and 32% have used Android Pay.

    American Bankers Association calls for tokenization and biometrics

    March 16th, 2016

    The American Bankers Association’s Card Policy Council is calling for all consumer-facing industries to implement the latest payment protection technologies, including EMV chip cards, tokenization and biometrics. “We invite retailers to partner with banks by taking common sense measures like activating their chip credit card readers and accepting secure mobile wallets,” says the Card Policy Council’s Jess Sharp.

    US consumers vote for banks to keep payments safe

    October 30th, 2015

    An “overwhelming majority” of US consumers (75%) say they most trust banks to keep their payments safe, an American Bankers Association survey has found. 4% most trust alternative payment providers such as PayPal and Venmo while only 1% most trust major retailers or telecom companies. 6% of US consumers have used a mobile app to make a payment, the survey found, with PayPal most popular (45%) followed by Apple Pay (42%) and Google Wallet (11%).

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