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News & Commentary
Content posted in February 2012
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Will the Mobile Wallet Ever Replace the Real One?
Commentary  |  2/29/2012
One survey suggests that consumers are loathe to abandon the familiar for new technologies.
Former CFPB Official to Lead BITS Fraud Reduction Program
News  |  2/29/2012
Former CFPB official Diane Ness to lead BITS fraud reduction program.
Bank Fees, Along With Value-Added Services, On the Rise
News  |  2/29/2012
A Javelin report finds that while banks have increased fees to make up for lost revenue due to regulation, they have also added more technology-based services.
Sybase 365 Upgrades Mobile Commerce Platform
News  |  2/28/2012
The new version of the mobile commerce platform includes mobile money features for reaching the underbanked in addition to its mobile payments and mobile banking offerings.
People's United Acquires 56 Citizens Bank Branches in N.Y.
News  |  2/28/2012
The transaction, which is valued at $3.25 million, is expected to close in the second quarter of 2012.
Visa and Vodafone Partner to Roll Out Mobile Wallet
News  |  2/27/2012
The partnership will eventually bring NFC-based mobile payments to Vodafone customers in more than 30 countries.
Isis Adds Three Banks to its Mobile Wallet
News  |  2/27/2012
The telecom-owned mobile venture has signed agreements with Chase, Capital One and Barclaycard.
Bank Globalization: The World as Your Potential Market
Commentary  |  2/27/2012
For banks, globalization embodies both promise and risk.
Consumers Increasingly Switching Banks for Mobile Considerations: Report
News  |  2/27/2012
A survey conducted by AlixPartners finds that more customers are leaving banks that don't offer mobile banking, and that mobile adoption will reach 50 percent in the U.S. by 2016.
Rebuilding the Revenue Model: 5 Benefits of Core Systems Transformation
Commentary  |  2/24/2012
Leading banks are investing in their cores to reorganize their businesses around their customers -- enabling opportunities for new revenues.
MasterCard Embarks on Partnership to Bring Mobile Financial Services to Underbanked
News  |  2/23/2012
The card scheme will partner with mobile money providers Comviva, Sybase 365 and Utiba on the project.
Bank Customers Favor Birthdate PINs
News  |  2/23/2012
Too many people use a date for their bank card PIN, giving attackers an edge in figuring out the number, reports Cambridge University researchers.
Social Media and Smartphone Users Experiencing Increased Identity Fraud
News  |  2/23/2012
Javelin's 2012 Identity Fraud Report suggests consumers' risky behavior with social media and mobile technology may be contributing to an increase in identity fraud.
3 Hot Banking Markets Beyond the Obvious
News  |  2/23/2012
When it comes to identifying potential geographic markets for growth and investment, banks have been focusing on the prominent BRIC nations: Brazil, Russia, India and China. While these four countries are attractive to financial services organizations seeking new opportunities to grow, global financial services growth opportunities need not be limited to the BRICs. BS&T explores growth beyond the BRICs, with snapshots of other hot banking markets in Latin America, Hong Kong and South Korea
Cordray: Overdraft Fees Similar to Payday Loans
Commentary  |  2/23/2012
The head of the Consumer Financial Protection Bureau said the agency will scrutinize the practice.
Synovus Thwarts Thousands of Account Hijacking Attempts
News  |  2/22/2012
Synovus Bank deploys Trusteer's Rapport anti-fraud solution and blocks thousands of attempts to hijack commercial customer accounts.
Redefining Disaster Recovery: New Technologies Provide Disaster Planning Challenges and Solutions
Slideshows  |  2/22/2012
In addition to covering physical data centers, branches, and ATMs, banks' disaster recovery and business continuity plans now have to cover digital and virtual presences as well. New technologies such as social networking, mobile and the cloud can help.
Visa, Monitise Roll Out Mobile Payments Service in India
News  |  2/22/2012
The new service allows HDFC Bank customers to pay bills and make purchases using their phone.
Eliminating the Paper Beast
News  |  2/22/2012
First United Bank uses an Open Text BPM solution to run a more efficient business operation and improve customer service.
A New Customer Experience Leader: Q&A With USAA's Jeff Easley
News  |  2/21/2012
At a time when banks often are public enemy No. 1, how did USAA Federal Savings Bank manage to top Forrester Research's 2012 Customer Experience Index? Simply by putting the customer first, says Jeff Easley, USAA executive director of deposits product management.
Zipmark Launches Developer Program for Mobile and Online Payments
News  |  2/21/2012
The startup is allowing developers access to its payment system for online and mobile transactions.
Vista Proposal for Misys Threatens Misys-Temenos Merger Talks
News  |  2/21/2012
Vista Equity Partners has made a nonbonding proposal to acquire Misys, threatening a possible merger between Temenos and Misys that was announced earlier this month.
3 Steps to Building a World-Class Bank
News  |  2/21/2012
With global markets growing increasingly important to banks bottom lines, optimizing world-wide operations has become a business imperative. Here are three tips to help banks achieve world-class distinction
Preparing Your Bank for BYOD
Commentary  |  2/21/2012
There are some issues related to trust and liability that banks must not forget to address before implementing a bring-your-own-device program.
M&T Rolls Out Mobile Banking App for Businesses
News  |  2/21/2012
The Buffalo-based bank says small business are increasingly turning to mobile banking.
New KeyBank EVP Carpetto Brings New Payments Perspective
News  |  2/17/2012
Al Carpetto, KeyBank's new EVP, says he wants the bank to be viewed as a top-tier payments provider, including in areas such as treasury management, foreign exchange and institutional asset services.
Regulatory Harmony: Building Out Retail Banking Systems for a New Global Order
News  |  2/17/2012
New regulatory requirements highlight the need for global retail banking operations to redouble their efforts to integrate data, analytics and reporting across geography, says Dr. Clifford Rossi, the University of Maryland.
Banking the Unbankable Requires a Targeted Effort
News  |  2/17/2012
To tap the growing number of unbanked and underbanked consumers worldwide, banks need to be more aggressive in offering services and products specifically designed for the market.
Increased Analytics, Multichannel Capability Wanted in Core Solutions
News  |  2/17/2012
A new Celent report examines trends in core banking products used by midsize banks.
Intuit Releases iPad Banking App
News  |  2/17/2012
Financial institutions can now offer the Intuit Tablet Banking for the iPad app to customers under their own brand names.
Barclays Introduces Mobile Money Transfer Product
News  |  2/16/2012
Pingit will allow any U.K. resident with a bank account to send and receive money via a mobile phone number, experts stress that security implications need to be considered with such products.
Using Social Media to Drive Operational Change: Part 2
Commentary  |  2/15/2012
The second article in this two-part series offers three core principles that financial institutions must embrace in order to start using social media to help drive operational change.
iPad's Success Demands IT Change Its Thinking
Commentary  |  2/15/2012
Jim Ditmore, CIO of Barclays Global Retail Bank, contends that tablets won't just be a niche.
Q&A: Antonio Massanell, Managing Director of CaixaBank, on Succeeding Globally
News  |  2/15/2012
Massanell discusses how Barcelona-based CaixaBank is meeting the challenges of globalization by driving efficiencies, innovating and forming strategic partnerships.
Fed Approves Capital One-ING Direct Deal
News  |  2/15/2012
Capital One will acquire ING Direct for $9 billion, creating the fifth-largest bank in the U.S.
Discover, First National Bank of Omaha Partner on Racing-Themed Rewards Program
News  |  2/15/2012
Digital marketing and media company Segmint will provide the analytics for the new credit card program.
SAS Prepares Hadoop-Powered In-Memory BI Platform
News  |  2/14/2012
SAS says high-performance product for business intelligence will bring big-data scale, in-memory speed, and advanced analytic power to ordinary business users.
Building A Cloud Computing Road Map
Commentary  |  2/14/2012
Tips for leveraging cloud computing for banking and financial services IT.
Sybase and Telefonica Announce Mobile Wallet
News  |  2/14/2012
The virtual wallet solution, called mWallet, will launch in Latin America and Europe during the first half of 2012.
Is EMV the New Metric System?
Commentary  |  2/13/2012
EMV is the global standard for credit and debit cards -- except in the U.S.
Google Wallet PIN Cracked
News  |  2/10/2012
Fix for vulnerability could require banks to take over some of security responsibility.
PayPal Trials Mobile Shopping in Singapore
News  |  2/10/2012
Commuters riding the city's subways can scan QR codes on a billboard or poster for exclusive deals.
Corporate One Federal Credit Union Selects Fundtech ACH Solutions
News  |  2/10/2012
The credit union, which has 800 member banks, expects to shortly begin the transition to the new payment system.
Visa Rolls Out New Suite of Mobile Products for U.S. Financial Institutions
News  |  2/9/2012
The card scheme will partner with U.K.-based mobile tech provider Monitise.
4 Burning Questions for Bank IT in 2012
News  |  2/9/2012
Bank IT and business executives have many questions about how to address the critical issues of 2012, including the need for business model transformation, the impact of social media and big data, and dealing with legacy infrastructure while seeking increased technology efficiency. IDC Financial Insights' David Potterton provides some answers about what to expect in the year ahead.
IBM Signs $200 Million Deal with Ukranian Bank
News  |  2/9/2012
Big Blue will provide support for PJSC Ukrsotbank's information systems and applications.
Misys, Temenos Merger Talks Move Forward
News  |  2/8/2012
The two sides have reached an agreement on key aspects of a potential merger, while Misys' CEO has left to accept the same position at CSC.
ACI Deal for S1 Clears Legal Hurdles, Will Benefit Banks
News  |  2/7/2012
Now that ACI's acquisition of S1 has cleared legal hurdles, the new company can focus on the product synergies that drove the deal. And other bank tech vendors are likely to pursue similar consolidation.
Oracle to Focus on R&D Investment
News  |  2/7/2012
At a forum sponsored by the company, Oracle executives pointed to financial services channel integration as a big part of its product offering.
BBVA Compass Redesigns Online Banking Website
News  |  2/6/2012
The launch of a new online banking website signals the rollout of several technology upgrades at BBVA Compass.
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