News Archive from October 22, 2012

First Virginia Community Bank Completes Acquisition of First Commonwealth Bank of VirginiaOctober 22, 2012The acquisition is the first in the history of the 5-old-bank and will add $410 million in assets to the institution.
J.P. Morgan Treasury Services Draws on Consumerization Trend in Relaunch of ACCESS PortalOctober 22, 2012J.P. Morgan Treasury Services draws on consumerization trend in relaunch of ACCESS portal; new platform for corporate clients was developed using collaborative agile methodologies.
Ex-Chase Exec Tapped for New Huntington Bank CTO PositionOctober 22, 2012Huntington Bank announced the hiring today of Paul Heller, formerly of JPMorgan Chase, as the bank's new chief technology and operations officer.
U.S. Bank Unveils Windows Phone Mobile Banking AppOctober 22, 2012The Minneapolis-based bank said it has developed two apps for the phone -- one through U.S. Bank's Wealth Management division and the other through U.S. Bank Retail Payment Solutions.
U.K. Retailer Sainsbury's Trials Mobile POS ServiceOctober 19, 2012The company says this is the first technology of its kind in the U.K.
MasterCard Pushes Contactless Payments in the Middle EastOctober 19, 2012MasterCard announced that it will soon install more than 1,000 terminals at merchants in the United Arab Emirates for its PayPass contactless cards initiative.
Ally Financial Latest U.S Bank to Face Cyber AttacksOctober 18, 2012Ally Financial Inc on Thursday became the latest U.S. financial institution to face cyber attacks that may stem from hackers in Iran.
Goldman Gives its Version of Angry Employee's DepartureOctober 18, 2012Just days before publication of a book promising to expose a rampant culture of greed a t Goldman Sachs Group Inc, the Wall Street company is writing its own story about the book's author.
What Banks Need to Know About the CloudOctober 18, 2012The industry group Cloud Security Alliance offers resources for financial institutions looking to utilize cloud services.
Isis Set to Debut in OctoberOctober 18, 2012The mobile wallet, a joint venture between T-Mobile USA, Veirzon Wireless and AT&T, will use NFC technology.
Oracle and Deloitte Offer New Solution for Accounting and Financial AnalyticsOctober 18, 2012Financial Services SolutionPrint, a joint solution from Oracle and Deloitte, helps with finance accounting that can improve shareholder value for banks.
How a Banking Union is Dividing EuropeOctober 18, 2012European leaders meet for a two-day summit on Thursday where they will try to bridge divisions over a banking union intended to underpin the euro zone. But questions over the scheme's scope and mechanisms are likely to take months to resolve.
One in Four Customers Are Card Fraud Victims, Study FindsOctober 17, 2012Banks need to do a better job engaging with customers and educating them about fraud, ACI's 2012 Global Fraud survey found.
BofA Merrill Lynch Launches Online PIN Check ServiceOctober 17, 2012The service is designed for the bank's corporate clients who use chip and pin cards.
Citi Rushes to Replace Corbat in EMEA Top JobOctober 17, 2012Citigroup's new boss Mike Corbat is rushing to plug the gap he left at the helm of the U.S. bank's European business, a major hub for investment banking income but which still lags other regions by revenue.
What's Behind Pandit's Resignation from Citigroup?October 16, 2012Conflicts with Citigroup's board may have spurred the unexpected resignations of CEO Vikram Pandit and president/COO John P. Havens; Michael Corbat promoted from Citigroup's CEO of EMEA to CEO and director of Board.
Corporate Treasurers Expect Multi-Channel Banking, Study FindsOctober 16, 2012New research released by Fundtech shows a growing demand from treasurers for the kind of consistent multi-channel banking experience that consumers are already demanding.
Umpqua Bank Selects ACH Alert Fraud Protection ServiceOctober 16, 2012ACH Alert’s fraud protection service, called A.L.E.R.T, provides banks with fraud detection services and helps to mitigate risks associated with electronic payments.
Fundtech Unveils Tablet Corporate Banking ProductOctober 15, 2012The CASHplus Mobile Corporate Banking product for tablets integrates with the mobile and desktop version.
Wells Fargo Tops U.S. Banks in DepositsOctober 15, 2012Bank of America and JPMorgan Chase are second and third, respectively.
Salin Bank Begins Largest Installation of NCR Interactive Video Teller MachinesOctober 15, 2012Salin Bank will install NCR's APTRA Interactive Tellers at its branch locations, allowing customers to interact with live tellers after branch hours.
Bank of America Merrill Lynch Announces New Supply Chain Management ToolOctober 15, 2012The new product allows the bank's buyer clients and their suppliers to manage their cash flow.
New SAS Solution Processes Big Data Quickly for MarketingOctober 12, 2012SAS High-Performance Marketing Optimization runs marketing tests with large amounts of customer data in minutes.
Mobile Payments, Debit Usage on the RiseOctober 12, 2012The World Payments Report 2012 examines the latest developments in the global payments landscape, including payments volume trends, payment instruments and key regulatory initiatives.
Apple Likely to Unveil iPad Mini on Oct. 23: ReportOctober 12, 2012Apple Inc is expected to take the wraps off its highly anticipated mini iPad at an Oct. 23 invitation-only event, reported tech blog AllThingsD on Friday, citing sources familiar with the company.

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