News & Commentary
Content posted in October 2013
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5 Insights On Industry Preparations for FATCA
Slideshows  |  10/31/2013  | 
A recent study shows that banks are pushing forward on FATCA compliance but are in need of clarification from regulators about some requirements.
Banking in the Cloud: Four Hot Initiatives
News  |  10/31/2013  | 
Banks are overcoming their concerns about security and control to take advantage of the business benefits of running core applications in the cloud.
What Are the Real Economics of the Cloud?
News  |  10/31/2013  | 
Considering only the unit costs associated with the cloud doesn’t provide a true picture of the economics.
Old National Bank Makes IT Processes For Digital Banking More Efficient
News  |  10/31/2013  | 
The bank is pursuing efficiency by using fewer vendors for digital banking products.
U.S. Bank Accepting Military Support Donations
News  |  10/31/2013  | 
U.S. Bank customers can makes donations to Operation Homefront via ATMs in 25 states.
Banks Need To Target Small Businesses For Online Payment
News  |  10/30/2013  | 
In the next one to three years, banks plan to support online payment processes for small and medium sized businesses.
How Banks Can Leverage Mobile Network Operators for Security
Commentary  |  10/30/2013  | 
Mobile network operators are starting to take steps to open up their security infrastructure for other enterprises to leverage.
BofA Merrill Lynch Launches Cash Recycling Solution
News  |  10/30/2013  | 
The solution is geared towards retailers and other cash-intensive businesses.
Customers Bank Launches Mobile Photo Bill Pay
News  |  10/29/2013  | 
The offering is part of the bank's enhancements to its mobile suite.
U.S. Bank Rolls Out Mobile Photo Balance Transfer
News  |  10/28/2013  | 
Next month U.S. Bank plans to launch Mobile Photo Balance Transfer, after seeing the success of its other mobile imaging services.
Startup Set To Introduce First Bitcoin ATM
News  |  10/28/2013  | 
The first ATM that exchanges cash for Bitcoins is set to go live tomorrow.
Banks Can Thrive in the New Payments World
News  |  10/28/2013  | 
A new NACHA white paper explores the payments crossroads banks currently face, and how to stay relevant amidst increasing competition.
How Layered Security Improves Identity Confidence and Consumer Convenience
Commentary  |  10/25/2013  | 
Multi-layered security will give banks the opportunity to achieve better authentication in the mobile channel without sacrificing customer convenience.
How to Ensure Mobile Banking App Security
Commentary  |  10/24/2013  | 
Online malware is starting to make its way to the mobile world and banks will have to be increasingly proactive in protecting their customer-facing apps.
PayPal Is The Most Trusted Brand For Mobile Wallets, Says Survey
News  |  10/24/2013  | 
PayPal tops Google, Apple, Facebook, and Amazon as the most trusted brand for mobile wallets according to a survey by Javelin Strategy and Research.
Survey: Majority of Employees Ready to Break BYOD Policies
News  |  10/24/2013  | 
A survey by Fortinet, a network security company, found younger employees are often willing to break company policies around personal mobile devices and cloud usage.
HSBC Launches Cash Management Tool in China
News  |  10/24/2013  | 
The solution enables corporates to submit cross-border payment documentation electronically.
Bank IT Spend Projected to Reach $215 Billion in 2014
News  |  10/23/2013  | 
Financial services firms overall are estimated to spend $430 billion in 2014, according to IDC Financial Insights.
SAP And SAS Partner On Big Data Analytics
News  |  10/23/2013  | 
SAP and SAS announced yesterday they will be partnering to offer SAS analytics applications on SAP’s HANA platform.
Voice of the Customer Programs on the Rise
News  |  10/23/2013  | 
New research from Temkin Group finds that an overwhelming number of companies report that VoC programs deliver positive business results.
How To Get The Most Out Of Mobile Banking Apps
Commentary  |  10/22/2013  | 
The growing importance of mobile is clear, and banks need to take steps now to maximize their mobile offerings to attract mobile-first customers.
Banks Spending More on Innovation: Report
News  |  10/22/2013  | 
A new survey from Infosys and EFMA finds that 77% of the banks polled are increasing investment in innovation, compared to 13% in 2009.
Silicon Valley Bank Partners on Coding Competitions
News  |  10/21/2013  | 
The bank and other institutions are partnering to create the next generation of tech workers.
How Prepared Is Your Bank For Digital Disruption?
Commentary  |  10/21/2013  | 
Digital transformation is going to change banks’ relationships with their customers and will require an over-arching strategy for dealing with those changes.
How to Improve Your Call Center Customer Experience Strategy
Commentary  |  10/18/2013  | 
Banks have a great incentive to improve their customer experience, and tracking and improving call center interactions is key to that improvement.
Bank of America Wholesale Division on a Journey of Transformation
News  |  10/18/2013  | 
The bank's CIO for Global Wholesale Banking Technology & Operations Bill Pappas is leading an infrastructure evolution.
How To Improve Credit Risk Modeling For Better Credit Quality
Commentary  |  10/18/2013  | 
Banks have to evolve their credit risk modeling, and including cash flow in their credit risk analysis for commercial loans is one place to start.
IBM Develops NFC Authentication Technology
News  |  10/18/2013  | 
The technology is designed to protect NFC-based mobile transactions from hackers.
Most Consumers Want P2P Payments from Their Bank, Survey Finds
News  |  10/17/2013  | 
A new survey from Fiserv showed growing use cases and interest among consumers for P2P payments provided by banks.
IPad Account Origination App Helps Fairwinds Credit Union Engage New Customers
News  |  10/17/2013  | 
Growing out of a partnership with University of Central Florida, the credit union has opened more than 1,500 student accounts with the new app.
Breaking Payment Silos: Technology That Bridges EMV, Cloud and Mobile Payments
Commentary  |  10/16/2013  | 
Banks can gain customer loyalty by providing a single view of their customers’ different payments mechanisms as they adopt EMV and mobile payments.
Gartner: Majority of Banks Will Turn to Cloud for Processing Transactions By 2016
News  |  10/16/2013  | 
Gartner released its IT predictions for vertical industries yesterday, which included forecasts on the growth of cloud in banking and changes in consumer behavior.
Low-Value Transactions: A Mobile Payments Dilemma
News  |  10/15/2013  | 
Lowering processing costs could open up an opportunity for mobile payments to gain traction in low-value payments.
Number of Failed Banks Half That of 2012
News  |  10/15/2013  | 
So far this year, 22 banks have been shuttered, compared to 43 this time last year, according to new research.
How to Turn Mobile Apps Into Customer Acquisition Centers
Commentary  |  10/14/2013  | 
Customer acquisition isn’t cheap but banks now have the opportunity to leverage existing mobile commerce networks to access new customer bases.
Biometrics and Mobile Payments Security
Commentary  |  10/11/2013  | 
The payments industry needs to consider how to support new and emerging biometric technologies.
What Banks Should Know About Disaster Recovery in the Cloud
Commentary  |  10/11/2013  | 
The cloud offers faster recovery from disasters, but banks need to be on the same page with their providers on issues like data ownership and interoperability.
ClearXchange Adds New Bank Member
News  |  10/11/2013  | 
Colorado-based FirstBank is the first non-founding member to join the p2p payments network.
HSBC Australia Appoints New Head of Payments and Cash Management
News  |  10/10/2013  | 
Simon Babbage will focus on delivering global cash and liquidity management services in Australia.
U.K. Treasury Creates Payments Regulator
News  |  10/10/2013  | 
The goal of the new office is to increase competition in the payments industry in the U.K.
Consumers Looking for Convenience In Mobile Security Measures
News  |  10/9/2013  | 
Consumers are not taking basic steps for securing their mobile devices, but show an interest in more convenient security methods like biometrics, a new PayPal study found.
JPMorgan Chase Names Former BP Exec Its New CIO
News  |  10/8/2013  | 
Dana Deasy, who oversaw a massive IT overhaul at the troubled energy company, brings crisis management experience to the bank, where he will have global responsibility for technology systems and infrastructure at the bank.
Mitek, Experian Partner on Mobile Account Opening Solution
News  |  10/7/2013  | 
The solution will combine Mitek's mobile photo bill pay with Experian's fraud prevention platform.
How Lack of Expertise Is Hampering Cloud Adoption
News  |  10/7/2013  | 
Most organizations aren’t ready to be dependent on the cloud because they don’t have the necessary knowledge and talent.
Keeping Security Within Reach
Commentary  |  10/7/2013  | 
Data breach protection can be inexpensive, easy and effective.
Employee Training: The Key to Security in Enterprise Mobility
News  |  10/4/2013  | 
New devices and operating systems are making it difficult to implement Bring Your Own Device policies, but employee training is a good place to start.
Bank of America Launches Next Gen Banking Centers
News  |  10/4/2013  | 
The bank announced the opening of five "express banking centers," which specialize in self-service technology.
TD Bank Launches Assistance Program for Furloughed Federal Employees
News  |  10/4/2013  | 
Government employees affected by the shutdown will be eligible for $1,000 in emergency funds.
Top Challenges Facing Bank CIOs Over the Next Year
Slideshows  |  10/4/2013  | 
Bank Systems & Technology asked several industry experts for their take on what will be the next big issue bank technologists will tackle in 2014.
The Complicated Relationship Between Innovation and Security
News  |  10/4/2013  | 
Banks and payment processors are dealing with an increasingly complex environment in the payments industry that is opening new opportunities for fraudsters.
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