News & Commentary
Content posted in March 2011
Page 1 / 2   >   >>
BofA Hires Ex-National Intelligence Exec Patrick Gorman to Head Information Security
News  |  3/31/2011  | 
Gorman will head Bank of America's information security strategy, policy and program.
Visa, Samsung to Provide Mobile Payments at 2012 Olympics
News  |  3/31/2011  | 
Specialized NFC-enabled Samsung phones to be handed out to athletes, sold to consumers.
Q&A: BBVA Compass CIO Sergio Fidalgo on the Bank's Upcoming Core Systems Overhaul
News  |  3/30/2011  | 
The bank's migration to Accenture's Alnova platform will provide it with a single customer information file and real-time transaction posting across all channels.
The NFC-Based Mobile Wallet Isn't Science Fiction... Yet
News  |  3/30/2011  | 
The technology for NFC-enabled mobile wallets is there. But competing interests and the inability to make progress on mobile phone is turning the idea into myth.
BBVA Selects Accenture's Alnova Financial Solution to Support U.S. Tech Transformation
News  |  3/30/2011  | 
BBVA selects Accenture's Alnova Financial Solution to support U.S. tech transformation; new core banking platform will allow BBVA Compass to achieve real-time processing capabilities.
SAS: Optimizing for Banking Growth
SAS: Optimizing for Banking Growth
Bank Systems & Technology Videos  |  3/30/2011  | 
SAS financial services expert, Brent Lever, describes the business analytics technique known as optimization. Lever explains how optimization can help banks improve outcomes and overcome constraints in order to maximize top and bottom-line results.
54% of Bankers Call Creating Mobile Corporate Banking Services A High Priority
News  |  3/30/2011  | 
However, only 15% see it as an opportunity for revenue growth.
The Way to Small Business Banking Customers' Hearts? Through Their Mobile Devices
Commentary  |  3/30/2011  | 
By offering mobile banking services, banks can convert their small business customers from the low-margin retail banking platform to the higher-margin, higher-value cash management platform.
Berkeley, Calif., Credit Union Turns To Solar Power
News  |  3/30/2011  | 
Cooperative Center Federal Credit Union is installing solar panels that will collect up to 75% of the power the organization needs; it's also offering green checking accounts and loans to members.
Citi Adopts Syncada B2B Payments Processing Solution
News  |  3/29/2011  | 
Citi Global Transaction Services unit partners with Syncada from Visa for financial supply chain accounts payable management.
What Didn't the Banking Crunch Or Great Recession Change in Banking?
Commentary  |  3/29/2011  | 
Answer: The net reduction rate in financial institution population.
90% of Top-Tier Banks Say Their Pricing Models Must Change
News  |  3/29/2011  | 
The status quo no longer works for banks in this post-Basel III and Dodd-Frank era, an IBM/Economist survey finds. For large banks to succeed, they need to change their pricing strategies and improve risk and client behavior data.
Eastern Bank Partners With WAUSAU to Create Outsourced Lockbox Partnership
News  |  3/28/2011  | 
Eastern Bank teams up with WAUSAU Financial Systems to create a unique outsourced lockbox partnership that reduces costs and improves the bank's competitive position.
BSI Bank Turns to Open Source Content Management System
News  |  3/28/2011  | 
BSI Bank turns to an open source content management solution to ensure its web presence keeps up with its high-net-worth image.
American Express Launches Digital Wallet for Mobile, Online Payments
News  |  3/28/2011  | 
Rather than waiting for the kinks to be worked out of NFC mobile payment technology, American Express is jumping in with a PayPal-like mobile and online payment scheme.
Fresh Rumors Team Google, Citi, MasterCard and VeriFone in NFC Mobile Payment Project
News  |  3/28/2011  | 
Citi and Google are said to be working together on a mobile payment project that would allow users of the Nexus S Android phone to make contactless MasterCard payments.
Mobile Payment Solution for Google Nexus S Debuts
News  |  3/25/2011  | 
Charge Anywhere's software turns the NFC-enabled Google Nexus S into a merchant terminal for contactless payments, presenting a competitive challenge to Verifone and Square.
Firefox 4 and Banco Santander Don't Mix
News  |  3/25/2011  | 
Customers of Europe's largest bank are unable to access online services with the new browser.
RSA's Data Breach: Steps Banks Should Take to Protect Customers
Commentary  |  3/25/2011  | 
There are several practical moves banks can make to prevent hackers from taking full advantage of the recent RSA breach.
Treasury Expects to Save $120 Million Annually in Switch to Electronic Payments
News  |  3/24/2011  | 
The U.S. Treasury estimates big savings after converting federal benefits payments to direct deposit.
Number of U.S. Mobile Banking Users Surges 54% to 30 Million
News  |  3/24/2011  | 
Use of mobile apps grew 120% from 2009 to 2010; mobile browser and text banking usage are also growing. However, nearly half these users still say their preferred way to bank is online using a computer.
BankAtlantic Takes Regional Relationship-Building Efforts Online
News  |  3/23/2011  | 
BankAtlantic expands its reach by extending its community online, where it is strengthening customer relationships through outreach, advocacy and engagement.
Wells Fargo EVP Shares Channel Strategy
News  |  3/23/2011  | 
Wells Fargo has been working for years to integrate its retail delivery channels and provide a consistent experience across branches, mobile devices, online banking and ATMs. EVP Jonathan Velline shares the bank's strategy.
Why the Retail Store Bank Branch Is Making a Comeback
News  |  3/23/2011  | 
Banks are spending millions of dollars to renovate branches in the image of retail stores and install interactive technologies, such as touchscreens and videoconferencing, to entice and engage customers. Why now?
A Good Problem to Have
Commentary  |  3/23/2011  | 
For banks, there will be growing demand for workers/professionals with expertise in areas as diverse as social media, analytics, customer service, and, yes, application development and maintenance.
What's Getting Consolidated under the CFPB?
News  |  3/23/2011  | 
In July, the functions of several existing government agencies will be consolidated under the Consumer Financial Protection Bureau.
Vetting the Consumer Financial Protection Bureau
News  |  3/23/2011  | 
With a mandate to regulate banks in the name of the American public, Elizabeth Warren and the Consumer Financial Protection Bureau have some lofty goals.
BankSimple Signs Processing Partner TxVia, Plans to Offer Payment Cards Later This Year
News  |  3/23/2011  | 
Moving ahead with the promise of simple, uncluttered mobile, online banking and card services on behalf of bank partners.
Japanese Regulators Weigh Penalty on Mizuho Bank For Post-Quake ATM Outage
News  |  3/23/2011  | 
Japan's second-largest bank disrupted $10 billion worth of transactions days after the March 11 earthquake.
U.S. Banking Industry Trends and IT Impacts
Commentary  |  3/23/2011  | 
In the current business environment, banks will take steps to improve their profitability and competitive capabilities, including product enhancement and redesign, cost restructuring, relationship focus, precision pricing, select customer acquisition, and mergers and acquisitions, according to consultancy Novantas.
How Bank Technology Has Changed in 20 Years
Commentary  |  3/22/2011  | 
The reality of 1991 was not all that different from the state of core banking today.
Smartphone Users Blissfully Unaware of Security Risks
News  |  3/22/2011  | 
A small survery of smartphone users sponsored by security software provider AVG shows most consumers don't consider their device vulnerable to attack.
Mobile Payment Users Expected to Surpass 375 Million by 2015
News  |  3/22/2011  | 
Spotty global adoption of mobile payments to date has been due partly to lack of availability, notes research firm In-Stat.
Americans Would Rather Switch Banks Than Pay Checking Fees
News  |  3/21/2011  | 
A survey from Bankrate.com indicates adults who earn over $75,000 per year and customers under 30 are most likely to switch banks over checking fees.
Northwest Federal Credit Union Fights Financial Crime With Analytics
News  |  3/21/2011  | 
Using SAS software to find suspicious transactions.
Cyber Attack on RSA's Online Banking Tokens Serious, But Not Life-Threatening for Banks
News  |  3/21/2011  | 
RSA's security breach is a wake-up call for banks that rely too heavily on security tokens, says Gartner's Avivah Litan.
PCI Council Issues Advice for Securing Card Data in Call Centers
News  |  3/18/2011  | 
Rule #1: If you don't need it, don't store it.
3 Must-Have Features in a Mobile App
News  |  3/18/2011  | 
What are banks asking for in a mobile app? Drew Sievers of mFoundry gives his top-3.
Fight Over Mobile Payments Heats Up
News  |  3/18/2011  | 
Could an open standard for NFC weaken mobile operators' ability to control the digital wallet?
PA Community Bank Saves Time With Automated Mortgages
News  |  3/17/2011  | 
Although customers aren't flooding rural Community Bank's website with online mortgage applications, loan officers' time and trees are being saved with mortgage software.
ATMs Resume Working in Japan
News  |  3/17/2011  | 
Mizuho Bank has suffered system outages since the March 11 Japan earthquake, but ATMs seem to be up and running again.
Wells Fargo Deploys ATM Donations to Aid Japan Relief Efforts
News  |  3/16/2011  | 
Wells Fargo's 9,000 ATMs are accepting customer donations to the American Red Cross in the wake of the March 11 Japanese earthquake and tsunami.
Dwolla Rolls Out Mobile Payment Service With Geolocator
News  |  3/16/2011  | 
Dwolla Spots, an iPhone app that lets users find Dwolla merchants and purchase goods from their bank account using their mobile device, goes live.
Chase, BofA Among Financial Services Groups Sending Aid to Japan
News  |  3/16/2011  | 
American financial services companies pledge support in the aftermath of Japan's March 11 earthquake and tsunami.
5 Things Banks Can Learn From the American Red Cross
News  |  3/16/2011  | 
With the help of mobile payments, Americans are rallying to support Japan in the aftermath of the March 11 tsunami.
Visa to Offer P2P Payments through Fiserv and CashEdge
News  |  3/16/2011  | 
Deal could help banks and Visa maintain a role in the emerging mobile payment market.
Technology in Banking Wins Big for Doing Nothing Wrong
Commentary  |  3/15/2011  | 
Many doomsday scenarios have never happened, thanks to stable technology.
E*Trade Tabs Ex-Citi Exec for Banking Division
News  |  3/15/2011  | 
Former Citi executive Peter Knitzer to replace retiring Robert Burton as E*Trade Bank president.
Elizabeth Warren Courting Banks Across the U.S.
News  |  3/15/2011  | 
In what the Wall Street Journal calls a "charm offensive," the acting director of the Consumer Financial Protection Bureau has been criss-crossing the country trying to win bankers over.
Google Said to Be Planning Mobile Payment Test in New York, San Francisco
News  |  3/15/2011  | 
Reports suggest Google is making a big bet on existing NFC technology, while Apple invents its own.
Page 1 / 2   >   >>


Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Dec. 2, 2014
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
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.