Why More Banks Are Moving Toward EMV Adoption
American Express is the latest -- and last -- of the three major card companies to issue a road map for EMV adoption in the United States. Is the switch to chip and PIN now inevitable?
Bailed-Out Banks Still Struggling to Repay U.S. Government
Hundreds of bailed-out banks are still struggling to repay taxpayers and will soon find it even harder to make required dividend payments to the U.S. Treasury, according to a report on Wednesday by the watchdog for the government bailout program.
Mobile: The Next Fraud Frontier
Financial institutions will need to take a layered approach to security as the increasing consumerization of tablets, smartphones and other mobile devices introduces more fraud risks and malware concerns.
IT Salary Survey: Outlook Points to Cautious Optimism
The past several years have certainly been rough sailing for the financial services industry, but the market for IT talent in the sector is on the rise, according to the "2012 InformationWeek IT Salary Survey." After several years of painful cuts, the job market is improving, albeit at a slower pace than before the financial crisis.
Dell Releases New Big Data Solution
Big Data Retention integrates with existing analytics platforms as a front end big data repository for large datasets or a backend archive.
Spain Court Says No to Bankia Evidence
A judge rejected a request on Monday for the former chairman of Spain's Bankia, Rodrigo Rato, to give evidence in a fraud case against him and other executives at the failed bank before he appears at a parliamentary inquiry on Thursday.
Banks in Libor Probe Consider Group Settlement
A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people familiar with the banks' thinking said.
How Will the Spanish 'Bad Bank' Work?
European finance ministers
signed off on Friday on conditions attached to the release of up
to 100 billion euros ($123 billion) of aid for Spain's banks.
Central Bankers Eyeing Whether Libor Needs Scrapping
Central bankers and regulators will hold talks in September on whether the troubled global Libor interest rate can be reformed or whether it is so damaged that the benchmark of borrowing costs should be scrapped.
Bank of America Plans $3 Billion in New Cost Cuts
Bank of America Corp said it plans to slash costs by $3 billion annually in commercial lending, investment banking and wealth management, becoming the latest big bank to take aim at expenses in a sluggish economy.
5 Critical Strategies for Mobile Banking Security
To the best of their ability, banks need to ensure that their services are available and secured within any mobile phone configuration. Because absolute security is nearly impossible to attain in the mobile world, banks’ back-end systems have to be prepared to detect anomalies and fraudulent activity in the event that a front-end channel has been compromised.
Bank Failures Down in 2012
The number of financial institutions that have shuttered the first half of this year is less than during the same period of 2011.