Content posted in March 2012
MasterCard, Visa Warn of Possible Security Breach
MasterCard Inc and Visa Inc have notified U.S. banks of a potential security breach, the latest in a string of incidents that have put the personal information of millions of credit card holders at risk.
Obopay Introduces Electronic Disbursement Solution
The new offering allows a company to disburse funds from a corporate account directly into a payee's debit card account at another bank or load it onto a prepaid card.
Wells Fargo, SEC Told to Meet in Subpoena Dispute
A federal judge rejected the U.S. Securities and Exchange Commission's demand that Wells Fargo Co. comply with subpoenas related to a probe of the bank's sale of $60 billion of mortgage-backed securities, but directed both sides to meet.
S&T Bancorp to Acquire Gateway Bank of Pennsylvania
S&T will acquire all the outstanding shares of Gateway stock for approximately $22 million.
Banks Lose Millions Due to Durbin Amendment: Report
Research from SNL Financial reports a majority of financial institutions saw lower revenue from interchange fees in Q4 2011.
USAA Tops Mobile Banking App UX Study
The 2012 ath Mobile Banking Study reveals that mobile apps from USAA, Huntington Bank and BB&T rank the highest in terms of customer experience.
Bank M&A Activity Could Increase in 2012
A new report from PricewaterhouseCoopers find that increased bank earnings could lead to more deals.
Bank of America CEO Made $8.1 Million in 2011
Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
Big Data Talent War: 10 Analytics Job Trends
A gap is emerging among data-savvy professionals, with big-data-analysis and predictive skills trumping routine business-intelligence and information-management talents.
EBay Names David Marcus President of PayPal
EBay Inc on Thursday named David Marcus president of its PayPal unit, filling the role left vacant when Scott Thompson left to become chief executive of Yahoo Inc. in January.
MasterCard Releases Real-Time Fraud Monitoring Tool
The new tool, Expert Monitoring Fraud Scoring for Merchants, aims to help predict and fight fraudulent online transactions.
How an AWOL U.S. Soldier Got Paul Allen's Debit Card From Citi
The recent case of identity theft highlights the need for strict security protocols.
Banks Find Opportunity in U.S. Postal Service Woes
The U.S. bank industry, struggling to make the profits it used to, is using the struggles of another industry for its marketing: The U.S. Postal Service.
Consumer Attitudes Positive Overall Towards Primary Financial Institutions
A new study conducted by BAI Research found that customers are willing to be approached by their bank to learn about additional products and services.
Cloud Computing Could Create 1.4 Million Banking Jobs by 2015
A Microsoft-funded IDC study suggests that innovation enabled by cloud technology could boost jobs and revenues worldwide across several business verticals, including banking.
U.S. Bank Introduces EMV-Enabled Corporate Card
The U.S. Bank Global EMV Card will contain both mag-stripe and EMV chip technology.
BofA Chief Tech Executive Speaks Out on Gay Marriage Amendment
A top Bank of America Corp executive has taken a stand against a proposed constitutional amendment that would ban same-sex marriages and civil unions in its home state, saying the proposal would be "disastrous" to North Carolina's business climate.
Creating a FINRA-Friendly Social Media Plan
Here's how financial institutions can begin to effectively leverage social media tools without violating compliance requirements.
JPMorgan Chase Remains Top Bank by Asset Size
A report by SNL Financial indicates that the top five spots remain the same.
Nervous Banks Hold Back Europe's Revival Strategy
Among the piles of papers on one European diplomat's desk in Brussels is a memo with the words "growth" and "jobs" scrawled in blue ink, followed by a large question mark.
Monitise Acquires Fellow Mobile Provider Clairmail
The combined companies will serve 13 million customers across four continents.
Obama Nominates Dartmouth President to Lead World Bank
Jim Yong Kim may be the next to head the World Bank after its current president steps down in June.
270,000 More IT Jobs Headed Offshore
Offshore outsourcing will continue at brisk pace for next four years, then ease up as automation replaces offshoring as a way for companies to save money, a new study says.
AJB and First Data Team to Fight Retail Data Breaches
AJB Software Design's payment processing application suite now integrates First Data's TransArmor data security solution to eliminate sensitive cardholder data from the retail environment.
Mobile Bill Pay Gaining Global Traction
A report from Juniper Research says that about 80 percent of mobile banking users will pay their bills via mobile device by 2016.
Tablets Hold Game-Changing Implications for Banks
The tablet race can't be just about bragging rights. Tablet solutions must be developed with strict regard to customer needs and habits, or the opportunity will be lost.
BofA Cuts Jobs in Capital Markets, Research
Bank of America Corp has eliminated jobs in its equities, mortgage-backed securities and research divisions in recent weeks, two sources familiar with the situation said on Wednesday.
Survey Says Banks Lack Information Efficiency
A study conducted by Smartlogic and MindMetre Research examined organizations that rely heavily on enterprise information.
The Best iPad Banking Apps
Although financial institutions have begun creating applications for Android-based tablets, the majority of tablet-specific banking offerings on the market today are designed for Apple's iPad. Here's a look at some of the best iPad banking apps.
Clairmail Hires Former Apple UX Exec
Mitch Stein is the new director of innovation and design at mobile banking and payment solutions provider Clairmail.
B to B Payments Fraud Down Slightly in 2011: Report
A survey conducted by the Association of financial Professionals also found that larger corporations were the more frequent target of attacks.
Bank of America Merrill Lynch Introduces Digital Trade and Supply Chain Portal
The new digital platform aims to make trade and financial supply chain operations more efficient for large corporate and middle market companies.
Santander Brasil Poaches HSBC Brazil Chief
Banco Santander Brasil, the nation's largest foreign bank, hired Conrado Engel, the former head of the Brazil unit of rival HSBC Holdings, to oversee retail banking amid government efforts to lower borrowing costs and encourage competition in the industry.
BofA Talks Mobile Strategy
A mobile executive at Bank of America says the bank will roll out more features for its mobile apps during the coming year.
Cisco Enters the BYOD Arena
Cisco Systems is expanding its services to enable companies to manage and secure private mobile devices used by employees at work, aiming to benefit from the trend widely known as BYOD or Bring Your Own Device.
How to Create a Superior Tablet Banking App
As banks race to roll out mobile apps for iPads, Kindle Fires and other increasingly popular tablet devices, they need to do more than just port over their existing smartphone apps. Industry leaders reveal what goes into creating an engaging and rich tablet-specific experience.
ACI Releases New Integrated Payment Solution
BASE24-eps is the latest version of ACI's flagship payment processing platform product.
HP Releases New PCI Compliance Product
The Secure Payment Services solution is designed to help reduce the cost of compliance and enable safer e-commerce payments.
Citigroup Sells Stake in China Bank After Stress Test Failure
Citigoup has sold its stake in Chinese lender Shanghai Pudong Development Bank, booking a profit of around $349 million as the U.S. lender looks to shore up its balance sheet after failing a U.S. Federal Reserve stress test.
Misys Agrees to Vista Takeover Deal
The London-based financial services software vendor agreed to be acquired by a private equity firm.
Will Mobile Wallets Replace Their Traditional Counterparts?
Customers need to be incentivized if they are to embrace mobile wallets, especially in the U.S. Meanwhile, banks will play a major role in how -- and if -- mobile wallets evolve further.
PayPal Enters Mobile Payments Arena
PayPal Here, a triangle-shaped mobile card reader and app, will compete with Square and others.
FieldView Releases New Data Center Management Solution
The FieldView 5.0 product allows for real-time data center power use monitoring at the server level.
Mobile Remote Deposit Capture: Putting a Price on Convenience
Until mobile RDC becomes more ubiquitous, banks that have rolled out a full-fledged offering hold a competitive advantage. Meanwhile, banks searching for ways to monetize the mobile channel should look closely at the revenue potential of mobile remote deposit capture services -- while they still can.
Ally, USAA Top Bank Social Media Study
Social media is the key to changing bank PR fortunes, according to a study by research firm Change Sciences Group.
Intelligent Growth: Branching Out and Rolling Up
A cost-efficient and scalable IT strategy is key as banks continue to expand their operations.
IBC Builds a Second-Generation Mobile Offering
After coming to market swiftly with mobile banking, IBC Bank evolves its mobile platform to meet skyrocketing consumer adoption and changing user preferences.
The Secrets to Chase's Mobile Success: Exclusive Q&A With SVP Ravi Acharya
Chase's Ravi Acharya, SVP and head of product management for online, mobile and social, discusses the evolution of the bank's mobile banking offerings, lessons learned and what the future holds for the channel.
Citigroup Failure in Fed Test Raises Questions
Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.
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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.
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