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Over the last few years, competitive pressure to offer consumer-focused banking access, as well as opportunities for increased internal efficiency, have led to a surge in text usage across the financial services industry. In fact, major banking corporations like Wells Fargo, Bank of America, U.S. Bank and Chase are all offering SMS text and banking apps to expedite communications and transactions with their customers. While certainly an improvement to convenience and efficiency, financial institutions should strongly consider the potential ramifications of native SMS texting and instead implement a more secure, compliantSEE DETAILS
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