News & Commentary
Content posted in October 2011
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Social Business in Financial Services.
Social Business in Financial Services.
Bank Systems & Technology Videos  |  10/31/2011  | 
Boxley Llewellyn, IBM Director of Growth Initiatives for the Financial Services Sector, offers useful insight into how banks can become social businesses.
Payments: Customers, Markets and Risk.
Payments: Customers, Markets and Risk.
Bank Systems & Technology Videos  |  10/31/2011  | 
In this interview, James Wallis, VP for the Global Payments Industry at IBM, outlines the intensive changes taking place in the nature, regulation and volume of payments worldwide.
Mitigating Risk in Today’s Mortgage Underwriting Market
Mitigating Risk in Today’s Mortgage Underwriting Market
Bank Systems & Technology Videos  |  10/31/2011  | 
IBM Research Fellow and IBM Industry Academy Member, Dr. Chitra Dorai discusses how banks can better mitigate risk in today’s highly challenging mortgage underwriting market .
Inside J.P. Morgan's Payments Strategy: Q&A With Managing Director Christine Doria
News  |  10/31/2011  | 
Globalization, regulation and efficiency are among the top challenges corporate customers face today, according to Christine Doria, managing director, global product executive, USD clearing, J.P. Morgan Treasury Services (New York). BS&T editorial director Katherine Burger caught up with Doria to find out how the bank is helping its corporate and financial institution clients address these challenges.
How Banks Can Overcome the Durbin Amendment
Commentary  |  10/31/2011  | 
Now that the final debit card-interchange rule is in effect, card- issuing banks need to respond strategically as well as a tactically, according to Accenture's Juan Pedro Moreno and Samantha Regan.
Visa Europe Invests 24.7 Million Pounds in Monitise
News  |  10/31/2011  | 
The deal gives Visa Europe an 8.8 percent stake in the mobile banking provider.
Patelco Credit Union Creates a Competitive Advantage With P2P Payments
News  |  10/31/2011  | 
To create an advantage, Patelco Credit Union pioneers person- to-person payments with Popmoney from Fiserv's CashEdge.
PayPal Offers Banks More Than Just Competition
News  |  10/31/2011  | 
Once known only as a method of facilitating eBay transactions, PayPal is getting heavily involved in the digital payments space. But it is offering banks more than just competition.
U.K. Payments Council Tabs Experian for New Database
News  |  10/31/2011  | 
The British organization is seeking to create an industry database of its corporate customers' payment information.
Mobile Banking Use Rises Sharply in U.S.
News  |  10/28/2011  | 
A comScore report finds that American consumers used mobile banking apps with increasingly higher frequency in 2011 than in the previous year.
Chase Remains Top SBA Lender in U.S.
News  |  10/28/2011  | 
The bank loaned more than $12.6 billion to about 300,000 small businesses during the first three quarters of 2011.
Report Says Banks' Online Fraud Mitigation Strategies Matter to Customers
News  |  10/27/2011  | 
A new report from the Aite Group suggests that fraud-prevention capability is increasingly becoming a competitive differentiator for financial institutions.
Do Banks Have a Place in the Future of Payments?
Commentary  |  10/27/2011  | 
Banks must accelerate innovation in the payments space to avoid disintermediation and remain competitive. But in a twist, regulation may drive transformation rather than hinder it.
Huntington Bank to Offer No-Fee Debit Cards
News  |  10/27/2011  | 
The Ohio-based institution has converted its debit portfolio to MasterCard as part of the upgrade.
Experts Debate the Security of EMV
News  |  10/27/2011  | 
While many in the financial industry acknowledge that the EMV standard is not 100-percent secure, some say it may be the best option available for securing POS payments.
IBM Completes Purchase of Q1 Labs
News  |  10/26/2011  | 
The acquisition will result in a newly formed division at IBM focusing on security systems.
Virginia Rometty to Become IBM President and CEO
News  |  10/26/2011  | 
The IBM board of directors has elected Virginia Rometty to replace Samuel Palmisano as CEO and president of IBM, effective Jan. 1, 2012.
Big Banks Surged in Deposit Size Over the Last Three Years
News  |  10/25/2011  | 
Big banks are getting bigger, while deposits are lagging in smaller institutions.
Earnix Offers Its Pricing Solution in the Cloud
News  |  10/25/2011  | 
Banks can now use the pricing optimization solution Earnix Optimizer without making major changes to IT infrastructure.
Commonwealth Bank Rolls Out App for Facebook, P2P Payments
News  |  10/25/2011  | 
The service, called Kaching, will enable NFC-based peer-to-peer payments via email and social media.
U.S. Bank Partners with Garda on Remote Cash Deposit Delivery
News  |  10/25/2011  | 
The partnership will allow the bank's business customers to deposit cash electronically from store locations.
Wikileaks Claims Bank Blockade
News  |  10/24/2011  | 
The controversial whistleblower site says that Visa, MasterCard, Western Union and PayPal have conspired to block donations to the site.
BofA Offers Intuit Payroll Solution to Small Business Customers
News  |  10/24/2011  | 
Bank of America adds to its efforts to help small business customers by giving them access to the Intuit Full Service Payroll solution.
Parseq Directors Approve Takeover Bid
News  |  10/24/2011  | 
The U.K. online banking software vendor backs a proposal by CEO Rami Cassis to take ownership control of the company.
Lawsuit Over ATM Fees Latest in Banks' PR Woes
Commentary  |  10/20/2011  | 
A lawsuit alleges that Bank of America, JPMorgan Chase and Wells Fargo conspired with card issuers Visa and MasterCard to fix out-of-network prices.
Chase Expands Credit Card Travel Rewards
News  |  10/20/2011  | 
MileagePlus Holdings joins Chase's Ultimate Rewards program to offer cardholders another option to transfer points for travel.
Panel Discussion: The Role of the Bank CIO
News  |  10/19/2011  | 
Experts from the vendor and consultant communities discuss the evolving role of bank CIO.
U.S. Bank Encourages Social Networking Among Small Businesses Via Facebook
News  |  10/19/2011  | 
The bank recently launched the "Look Up With US" Facebook challenge to give small businesses a chance to network with each other and to win $5,000.
JPMorgan Chase is Now Largest Bank in the U.S.
News  |  10/19/2011  | 
The institution overtook Bank of America as the number one bank in the country as measured by asset size.
BillGuard Nabs $10m in Second-Round Financing
News  |  10/18/2011  | 
A PayPal founder and a Google exec are among those who have invested in the company.
Major U.S. Financial Institutions Buy Share of Chi-X Global
News  |  10/18/2011  | 
BofA, Goldman Sachs and Morgan Stanley have purchased a minority stake in the trading systems operator.
Q&A: Security Pros Identify Key Themes at the NICE Actimize Forum
Commentary  |  10/17/2011  | 
Shawn Swartout, VP and security director at Spokane, Wash.-based Sterling Savings Bank and Ben Knieff, director of product marketing and enterprise fraud prevention expert at NICE Actimize say that managing customer relationships is key to a successful security strategy.
A Closer Look at Payment Services Hubs
Commentary  |  10/17/2011  | 
Despite being a hot topic for several years, the widespread implementation of hubs has yet to occur, some experts say.
Westpac New Zealand and IBM Renew Strategic IT Outsourcing Agreement in 5-Year Services Deal
News  |  10/17/2011  | 
Westpac New Zealand and IBM renew strategic IT outsourcing agreement in five-year services deal; new technology agreement supports bank's technology transformation program and is intended to improve service quality for staff and customers, lower risk, and support business agility.
Umpqua Bank Implements Novantas PriceTek
News  |  10/14/2011  | 
The solution will support the bank in each phase of pricing process through an advanced analytics platform.
Citi Announces New Mobile Solution
News  |  10/14/2011  | 
The app will allow clients to authorize payments on their mobile device.
Community Banks Benefit From Big Banks' New Fees
News  |  10/14/2011  | 
Community banks are finding opportunities to attract new business in the wake of customer frustration over new fees recently announced by large banks.
PayPal Expanding Reach in the Payments Space
Commentary  |  10/13/2011  | 
The company has announced several new initiatives this week, including partnerships with bank technology vendors.
Electronic Payments Coalition Supports Repeal of Durbin Amendment
News  |  10/12/2011  | 
Legislation introduced in the House of Representatives would repeal the controversial measure, which is part of the Dodd-Frank bill.
Mobey Forum Makes A Case for NFC Payments
News  |  10/12/2011  | 
The industry association has developed a white paper outlining what needs to happen to make NFC payments a global reality.
U.S. Bank Launches Mobile-Enabled Credit Card App For iPhone
News  |  10/12/2011  | 
The app will allow users to apply for and receive instant credit via their mobile phone.
Mitek Appoints New CFO
News  |  10/11/2011  | 
The vendor has hired longtime software industry finance executive Russell Clark.
Bank of America Merrill Lynch Teams With TerraPass to Provide Carbon Offsets in California
News  |  10/11/2011  | 
The multimillion agreement will allow the bank to create the first multisector mandatory emissions trading program in the U.S.
Citi Selects Fidessa to Deliver Global Derivatives Platform
News  |  10/11/2011  | 
The U.K. vendor will provide the banking giant with a trading platform for its derivatives business.
Compliance Costs Still A Concern A Decade After Patriot Act Passes
News  |  10/10/2011  | 
Deloitte polled more than 1,340 business leaders to find out their views on the effects -- and possible future effects -- of the Patriot Act.
ID Theft Ring Arrests Reinforce the Importance of Bank Security
Commentary  |  10/10/2011  | 
Authorities in New York say that several bank tellers are among 111 people indicted for being part of an identity theft scam.
First Tennessee Adopts Corporate Mobile Banking Solution
Commentary  |  10/7/2011  | 
The bank recently rolled out the Sybase 365 Corporate Mobile Banking Solution to allow its business customers access to on-the-go cash flow operations management.
'Occupy Wall Street' Protests Gaining Traction
Commentary  |  10/7/2011  | 
Though they lack focus, the protesters have expressed anger at banks and financial institutions.
Fiserv Tops Javelin's Mobile Banking Scorecard
News  |  10/6/2011  | 
Javelin Strategy and Research released its 2011-2012 Mobile Banking Vendor Scorecard, which provides a detailed analysis and ranking of the mobile banking solutions of 15 major vendors and identifies the top industry trends.
Remembering Steve Jobs
Commentary  |  10/6/2011  | 
Apple's cofounder and technology visionary Steve Jobs passed away Wednesday, leaving behind a legacy of innovation that has forever changed the way consumers and businesses experience technology.
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