Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News & Commentary
Content posted in August 2012
Page 1 / 3   >   >>
How Mobile Is Changing Community Banks
News  |  8/31/2012
Community banks will have to learn how to deliver their personal touch and local advice through digital channels, experts say.
Google, Apple CEOs In Secret Patent Talks
News  |  8/31/2012
Google Inc Chief Executive Larry Page and Apple CEO Tim Cook have been conducting behind-the-scenes talks about a range of intellectual property matters, including the mobile patent disputes between the companies, people familiar with the matter said.

The Cybersecurity Imperative: How Banks Can Combat Cybercrime
News  |  8/30/2012
As the financial world gets increasingly high-tech, protecting data has never been more important. According to BITS president Paul Smocer, innovations such as smartphones and cloud computing offer banks great opportunities for efficiency and customer engagement, but they also are targets for cybercriminals.
Banks Need to Re-imagine Online Banking
News  |  8/30/2012
Banks can revitalize their online banking and bill pay products by shifting from a traditional transactional role to a more consultative one, says Javelin Strategy & Research.
Banco Bradeso Opens New High-Tech Branch in Brazil
News  |  8/30/2012
The Bradeso Next branch features biometric authentication systems, video teleconferencing with specialists and a robot guide that greets customers.
Barclays Names Retail Head Jenkins as New CEO
News  |  8/30/2012
Britain's Barclays has picked softly spoken retail boss Antony Jenkins as its new chief executive to fill the shoes left by Bob Diamond, the colourful American investment banker who resigned after a rate-rigging scandal.

More Bank M&A: Scotiabank to Acquire ING Direct of Canada
News  |  8/30/2012
The deal is worth approximately $3.126 billion Canadian in cash.
Basel III Brings Opportunity for Banks to Optimize Assets
Commentary  |  8/30/2012
Regulatory and audit requirements offer banks an opportunity for a bottom-up approach to credit strategies, which can also be applied to other business processes. Key to this approach is a decision-optimization framework.
U.S. Bank to Process Electronic Invoices for Order Express' International Money Transfers
News  |  8/29/2012
U.S. Bank and Order Express have agreed on a new deal for the bank to process electronic invoices for the international payments provider.
Mortgage Monitor: BofA Lags in Modifying Loans Under National Settlement
News  |  8/29/2012
Bank of America Corp hasn't completed any first-mortgage modifications that reduce loan balances for borrowers so far under a $25 billion settlement reached this year, the official monitoring the agreement said Wednesday.

Bank of America to Offer New Checking Disclosure Forms
News  |  8/29/2012
The bank will provide customers with an easy-to-read form distilling the key fees and policies of checking accounts.
New Jack Henry and Associates Solution to Expedite Customer Service Calls
News  |  8/28/2012
Jack Henry and Associates' jhaCall Center service will automate customer authentication processes to quickly handle customer service calls.
SEC Probing ResCap for Possible Mortgage Fraud
News  |  8/28/2012
The U.S. Securities and Exchange Commission is investigating Ally Financial mortgage unit Residential Capital for possible misconduct in its loan origination and underwriting practices.

10 Best Practices for Jumpstarting FATCA Compliance
Commentary  |  8/28/2012
Achieving FATCA compliance will require new roles and processes, extended information gathering, and new or updated information management systems, including reporting systems.
Ginger Schmeltzer Leaves SunTrust for New Position at Fiserv
News  |  8/28/2012
Schmeltzer will lead Fiserv's efforts in the mobile payments area after more than 4 years at SunTrust.
Bottomline, ANZ Announce Corporate Mobile Banking Solution
News  |  8/28/2012
The solution, ANZ Transactive, is designed to allow Australia and New Zealand Banking Group corporate clients to monitor their cash management activities on the go.
MasterCard Embarks on Mobile Payment Partnership with U.K. Telco
News  |  8/28/2012
The five-year deal involves developing mobile and digital payment solutions for Everything Everywhere’s 27 million U.K. customers.
Bank M&As Pick Up Steam: Hudson City to Merge with M&T Bank
News  |  8/27/2012
Hudson City to merge with M&T Bank; $3.7 billion deal creates combined network of 870 branches stretching from Connecticut to Virginia.
Small Business Borrowing Woes Hurt U.S. Jobs, Says NYSE CEO
News  |  8/27/2012
A majority of U.S. small businesses are having a tough time accessing funding, holding back job growth and stunting economic growth, Duncan Niederauer, chief executive of NYSE Euronext, said in an interview.

Partnership to Offer New Fully Integrated Online and Mobile Bill Pay Solution Announced
News  |  8/27/2012
Payments provider Payveris and software company Alkami Technology announced plans to roll out a bill pay solution with a seamless user experience across mobile and online.
Is Apple Preparing a Mobile Wallet?
Commentary  |  8/27/2012
Leaked photos of the next generation iPhone purportedly show an NFC chip as part of the device.
Countdown To New Basel Bank Rules
News  |  8/24/2012
European Union regulators start implementing tougher global bank rules known as Basel III from January 2013 so that lenders can withstand market shocks better and are less likely to need taxpayers to bail them out. But not all the measures will be ready.
BBVA Releases Updated BlackBerry Mobile Banking App
News  |  8/24/2012
The version 2.0 app is free and allows for direct enrollment into mobile banking.
Pace of Fraudsters Moving Online and Away From Counterfeit Schemes Accelerating
News  |  8/24/2012
New data released today by FICO shows that more fraudsters are looking to online, mail and telephone fraud than counterfeit card schemes.
Cybersecurity is Paramount in the Digital World
Commentary  |  8/24/2012
The recent discovery of a Stuxnet-like virus in the Middle East once again brings to light the vigilance banks must have.
DCU Finds Safety In Numbers Through Cloud-Based System
News  |  8/23/2012
Digital Federal Credit Union turns to a cloud-based fraud-detection system from Guardian Analytics, and leverages the collective knowledge of the vendor’s customer base to improve security.
Duplicate Payment Detection Paying Off For Bank of the West
Commentary  |  8/23/2012
Historically a centerpiece of basic bank services, safe and secure payment processing is a critical element of the banking industry’s future.
The Takeaway From LIBOR: Break Up the Big Banks, Study Finds
News  |  8/23/2012
A new report from the Levy Economics Institute says that the LIBOR scandal proves that banks have grown too big to regulate.
Legislators Seek British Version of U.S. Tax Disclosure Rules
News  |  8/23/2012
A cross-party committee of British legislators has called on the government to introduce U.S.-style automatic disclosure of information on UK citizens by foreign institutions and tax authorities to help stem global cross-border tax evasion.

VeriFone Cashes in on Nigeria's Cash-less Payments Initiative
News  |  8/23/2012
VeriFone reports receiving 80,000 orders for new payments systems in Nigeria, which is trying to update its payment infrastructure to modernize its economy.
Ex-RBS Trader Details Bank's Libor Fixing
News  |  8/23/2012
A former dealer for the Royal Bank of Scotland Group PLC has provided fresh details on how traders at the British bank tried to influence Libor rates, court documents filed in Singapore show.

Convenience is Key for Bank Consumers: Report
News  |  8/23/2012
A survey conducted by Angus Reid Public Opinion in conjunction with TD Bank also found online banking is the most frequently performed banking activity.
German Cabinet Pushes Ahead With Basel III Bank Rules
News  |  8/22/2012
Germany's cabinet agreed on Wednesday to push ahead quickly with the introduction of stricter capital requirements for banks under international Basel III rules, despite the misgivings of German banks about how they will be implemented across Europe.

RBS, Commerzbank Drawn Into U.S. Iran Money Probe
News  |  8/22/2012
U.S. authorities are investigating Royal Bank of Scotland and Commerzbank over possible breaches of sanctions on Iran, in a widening crackdown which has already cost Standard Chartered a hefty fine.

PayPal Expands Digital Wallet Inking New Deal with Discover Card
News  |  8/22/2012
PayPal's digital wallet will be available to any merchant who accepts Discover Card starting in 2013.
Six Banks Choose Fiserv Account Processing Solution
News  |  8/22/2012
The Cleartouch bank platform is an integrated, end-to-end solution.
Treasury Department Introduces New Head of Anti-Laundering Enforcement Agency
News  |  8/21/2012
The Financial Crimes Enforcement Network at the Treasury Department named Jennifer Shasky Calvery as its new director following recent money-laundering scandals.
Tight Credit is Throttling Consumer Spending, U.S. Fed Says
News  |  8/21/2012
Bankers' reluctance to lend to people with less-than-pristine credit histories is restraining the U.S. economic recovery by holding back consumer borrowing and spending, new research from the San Francisco Federal Reserve Bank shows.

Middle East Cyber Virus Signals a New Level of Malware Sophistication
News  |  8/21/2012
A Stuxnet-like virus, called Gauss, was discovered two weeks ago in the Middle East spying on banking transactions of Citibank and PayPal customers.
Big Banks Upgrade Basel III Projections
News  |  8/21/2012
Several large U.S. banks have upgraded the estimates of their capital positions in accordance with the new Basel III guidelines, according to research from Charlottesville, Va.-based SNL Financial.
FICO Adds Customer Engagement Solutions With Adeptra Acquisition
News  |  8/20/2012
FICO's purchase of Adpetra lasts week will add cloud-based mobile customer interaction service to its decision management solutions.
CFPB Proposes Rules to Change Loan Origination Market
News  |  8/20/2012
The proposal includes new rules the regulator says will help consumers understand mortgage costs better.
Former Exxon CEO Raymond to Head JPMorgan 'Whale' Probe
News  |  8/20/2012
JPMorgan Chase & Co has picked Lee Raymond, ex-chief executive officer of Exxon Mobil Corp, to head an inquiry by company directors into losses in a credit derivative portfolio run by its London-based Chief Investment Office, according to a source familiar with the matter.

Fifth Third Bank Rolls Out EMV Card
News  |  8/20/2012
The commercial card will be available to customers who travel internationally.
Is The Wild World of Mobile Payments About To Be Tamed?
Commentary  |  8/17/2012
The mobile payments arena currently is a bit of a free-for-all, with lots of announcements of new schemes and partnerships (not all of which include banks). Will the regulators ruin the fun?
Samsung Expert: Apple Overstates Its Damages at Trial
News  |  8/17/2012
A financial expert said Apple Inc has overstated Samsung Electronics Co Ltd's profit margins for mobile products, an issue that goes to the heart of damages in the high profile patent trial between the two tech companies.

Square Offers New Monthly Price Rate Following Starbucks Deal
News  |  8/17/2012
Square introduces a new pricing plan for its clients after last weeks blockbuster deal with Starbucks.
Earthport Updates International Payments Service in Line With Dodd-Frank 1073
News  |  8/17/2012
Earthport makes new additions to its cross border payments system to help banks comply with regulations announced lasts eek by the CFPB.
Federal Reserve Report Examines the Mobile Payments Regulations
News  |  8/17/2012
A new report released by the Federal Reserve yesterday evaluated the current and future regulatory landscape around mobile payments.
Moving Forward Mobile Payments
Commentary  |  8/16/2012
The Merchant Customer Exchange partnership between major retailers has a chance to be a major force in growing mobile payments adoption.
Page 1 / 3   >   >>

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.