Blog
Featuring commentary from the editors of Bank Systems & Technology, as well as other bank technology industry experts.The NFC-Based Mobile Wallet Isn't Science Fiction... Yet
March 30, 2011 @ 12:44 PM | By Matt Gunn
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.
continued...The Way to Small Business Banking Customers' Hearts? Through Their Mobile Devices
March 30, 2011 @ 09:05 AM | By George Ravich
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.
continued...What Didn't the Banking Crunch Or Great Recession Change in Banking?
March 29, 2011 @ 11:41 AM | By Art Gillis
Answer: The net reduction rate in financial institution population.
continued...Fresh Rumors Team Google, Citi, MasterCard and VeriFone in NFC Mobile Payment Project
March 28, 2011 @ 10:53 AM | By Penny Crosman
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.
continued...Mobile Payment Solution for Google Nexus S Debuts
March 25, 2011 @ 11:33 AM | By Penny Crosman
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.
continued...Firefox 4 and Banco Santander Don't Mix
March 25, 2011 @ 11:28 AM | By Matt Gunn
Customers of Europe's largest bank are unable to access online services with the new browser.
continued...RSA's Data Breach: Steps Banks Should Take to Protect Customers
March 25, 2011 @ 10:37 AM | By David Jevans- IronKey
There are several practical moves banks can make to prevent hackers from taking full advantage of the recent RSA breach.
continued...Japanese Regulators Weigh Penalty on Mizuho Bank For Post-Quake ATM Outage
March 23, 2011 @ 11:52 AM | By Matt Gunn
Japan's second-largest bank disrupted $10 billion worth of transactions days after the March 11 earthquake.
continued...U.S. Banking Industry Trends and IT Impacts
March 23, 2011 @ 10:20 AM | By Matthew Josefowicz and Madhavi (Madi) Mantha- Novarica
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.
continued...A Good Problem to Have
March 23, 2011 @ 10:00 AM | By Kathy Burger
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.
continued...How Bank Technology Has Changed in 20 Years
March 22, 2011 @ 12:44 PM | By Art Gillis
The reality of 1991 was not all that different from the state of core banking today.
continued...3 Must-Have Features in a Mobile App
March 18, 2011 @ 11:20 AM | By Matt Gunn
What are banks asking for in a mobile app? Drew Sievers of mFoundry gives his top-3.
continued...Fight Over Mobile Payments Heats Up
March 18, 2011 @ 11:05 AM | By Penny Crosman
Could an open standard for NFC weaken mobile operators' ability to control the digital wallet?
continued...ATMs Resume Working in Japan
March 17, 2011 @ 09:43 AM | By Penny Crosman
Mizuho Bank has suffered system outages since the March 11 Japan earthquake, but ATMs seem to be up and running again.
continued...5 Things Banks Can Learn From the American Red Cross
March 16, 2011 @ 11:35 AM | By Matt Gunn
With the help of mobile payments, Americans are rallying to support Japan in the aftermath of the March 11 tsunami.
continued...Technology in Banking Wins Big for Doing Nothing Wrong
March 15, 2011 @ 12:28 PM | By Art Gillis
Many doomsday scenarios have never happened, thanks to stable technology.
continued...Elizabeth Warren Courting Banks Across the U.S.
March 15, 2011 @ 10:51 AM | By Penny Crosman
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.
continued...Google Said to Be Planning Mobile Payment Test in New York, San Francisco
March 15, 2011 @ 10:09 AM | By Penny Crosman
Reports suggest Google is making a big bet on existing NFC technology, while Apple invents its own.
continued...Is it Black Monday for Bank of America or Blue Monday for its Angry Ex-Employee?
March 14, 2011 @ 12:19 PM | By Matt Gunn
A Bank of America whistleblower might or might not have devastating info, but one thing's for sure: he's no happy camper.
continued...iPhone 5 Reportedly Won't Support Contactless Payments
March 14, 2011 @ 10:51 AM | By Penny Crosman
Apple said to be coming up with its own version of near-field communication technology, to be released in 2012.
continued...Though the Hairstyles May Change, Online Banking Fraud Remains the Same
March 11, 2011 @ 10:52 AM | By Matt Gunn
What were the biggest concerns surrounding online banking back in 1999? We turn to the YouTube wayback machine to find out.
continued...Commonwealth Bank of Australia Defends Mobile Banking Security
March 11, 2011 @ 09:19 AM | By Penny Crosman
Mobile banking is in some ways more secure than online banking, Commonwealth Bank of Australia says.
continued...VeriFone and Square Squabble Over Mobile Payment Security
March 10, 2011 @ 10:50 AM | By Penny Crosman
VeriFone says Square's card reader can be easily turned into a skimming device; Square counters that its transactions are protected by banks' monitoring and fraud prevention technology. How much security is enough?
continued...ING Direct Is Up For Grabs
March 09, 2011 @ 11:36 AM | By Matt Gunn
ING Group is selling off its U.S. online bank to repay Dutch government.
continued...The Price of Alienating Customers Through Excessive Fees
March 09, 2011 @ 10:11 AM | By Scott Andrick- Pegasystems
The cost of ridiculous fees that anger customers can’t possibly be worth it. Banks would be better off increasing their share of wallet rather than aggressively raising fees.
continued...CFPB's Top Cop Vows to Go After Non-Banks As Well As Banks
March 09, 2011 @ 09:54 AM | By Penny Crosman
Richard Cordray, the new head of enforcement at the Consumer Financial Protection Bureau, shared his top five priorities yesterday. Bankers will be glad to know that two of them are streamlining regulation and policing non-banks.
continued...SWIFT CEO Reports Growing Payment Volumes, Hints At Future Projects
March 08, 2011 @ 12:26 PM | By Penny Crosman
SWIFT CEO Lazaro Campos laid out some of the organization's plans for payments, identity management and corporate actions at SWIFT's Operations Forum this morning.
continued...The Underbanked by the Numbers
March 08, 2011 @ 12:22 PM | By Matt Gunn
Who are the American underbanked? Author Brett King's video explains.
continued...75% of Bank Technology is of the Plug-in-and-Run Kind, 25% Makes it All Worthwhile
March 08, 2011 @ 09:00 AM | By Art Gillis
Analytic apps can tell the executive suite how gazillions of transactions are affecting the security and safety of their bank.
continued...Regulation Implementation Paralysis — Painful or Not?
March 07, 2011 @ 11:57 AM | By Bill Bradway
With regulatory change in the works, not being prepared to participate in the related propose-feedback-publish process can be bad for financial institutions and their bank technology vendors.
continued...Wells Fargo Keeps its Personal Smartphone Policy Simple: They're Not Allowed
March 07, 2011 @ 11:40 AM | By Matt Gunn
A Wells Fargo employee can connect to Wells Fargo's network using any mobile device he or she wants as long as it's the device Wells Fargo provides them.
continued...MERS, Under Attack, Says It Can't Be Blamed for the Mortgage Mess
March 07, 2011 @ 10:32 AM | By Penny Crosman
Homeowners and county recordkeepers have been challenging the massive MERS mortgage database in courts all over the country. But while MERS is losing many of these cases, it's winning some, too.
continued...A Bank MacGyver Would Be Proud Of
March 04, 2011 @ 12:11 PM | By Matt Gunn
Nonprofit Nuru International's video shows how it built a microloan and banking structure in rural Kenya.
continued...There's No Money in Mobile Banking
March 01, 2011 @ 10:36 AM | By Art Gillis
Mobile banking is a little bit of a good thing; no one is going to pay extra for it.
continued...
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