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Banking, without a backward glance, is leaving the branch behind.To that end, in an interview聽last week with CNBCs Squawk on the Street, Bank of America CEO Brian Moynihan noted that the physical act of depositing checks into accounts 鈥?where the paper check is handed to the teller, complete with signatures and a picture ID handed over 鈥?is on the wane. Checks deposited at the branch have gone down to 15% from half 10 years ago, he told CNBC.聽 Instead, clients are, increasing stanley france ly, depositing funds digitally or through the ATM.And to get a stanley cup sense of how that digital shift is manifesting itself in terms of that banks overall transformation, Moynihan noted that the company had 6,000 branches in at the high point, now has 4,000 branches, and the business is probably three times bigger. BofAs growth, even as its physical footp stanley germany rint has dwindled, spotlights the continued rise of connected banking, where the mobile device has become a gateway to far more than commerce alone.As has been documented across several studies and several months, PYMNTS research has shown that conducting ones financial live through digital channels is increasingly becoming one of the key pillars that form the connected economy.Banking, Highly Connected聽Back in June, with our landmark study that took the digital pulse of more than 15,000 consumers, we found that, overall, 85% of individuals have paid bills and managed their banking online; as many as 46% of the population are deemed highly connected to b Pwym SWIFT Logs Gains In Average Daily Message Volume

Back in the day, the face of the point of sale was literally that a face. The face of your friendly neighborhood store clerk, who recorded transactions in a ledger. The ledger gave way to a cash register, which itself eventually evolved into a modern, computerized POS system.The evolution is still happening, and the face is still changing. What will it look like 聽MPD CEO Karen Webster recently hosted a webinar joined by Hitesh Anand, from Verifone; Brent Owens, from Digital River; and Will Graylin, CEO of LoopPay and GM of Samsung Pay to find out.LETS GET INVI stanley france SIBLEWebster began the discussion by pointing out that the rise of mobile technology has created a situation where POS is no longer just about payments. In fact, the goal for many merchants is to make payments invisible at the point of sale, push it into the background in favor of aspects like loyalty and personalization 鈥?things that, while not as obviously immediately as valuable as a payment, can create a lot more worth in the gourde stanley long term.Anand drew the analogy between the point of sale transformation in this regard and what happened with mobile phones. The latter once was exactly as advertised: a device used to make phone calls while mobile, and nothing more. stanley quencher But then came SMS, MMS, and eventually smartphones 鈥?mobile phones that today can be used to perform a wider variety of tasks than a PC could just five years ago. From the Verifone perspective, Anand sees that paradigm shift 鈥?a single-purp