News Archive from October 22, 2012
First Virginia Community Bank Completes Acquisition of First Commonwealth Bank of Virginia October 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 Portal October 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 Position October 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 App October 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 Service October 19, 2012The company says this is the first technology of its kind in the U.K.
MasterCard Pushes Contactless Payments in the Middle East October 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 Attacks October 18, 2012Ally Financial Inc on Thursday became the
latest U.S. financial institution to face cyber attacks that may
stem from hackers in Iran. What Banks Need to Know About the Cloud October 18, 2012The industry group Cloud Security Alliance offers resources for financial institutions looking to utilize cloud services.
Isis Set to Debut in October October 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 Analytics October 18, 2012Financial Services SolutionPrint, a joint solution from Oracle and Deloitte, helps with finance accounting that can improve shareholder value for banks. One in Four Customers Are Card Fraud Victims, Study Finds October 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 Service October 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 Job October 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 Finds October 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 Service October 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 Product October 15, 2012The CASHplus Mobile Corporate Banking product for tablets integrates with the mobile and desktop version.
Wells Fargo Tops U.S. Banks in Deposits October 15, 2012Bank of America and JPMorgan Chase are second and third, respectively.
Salin Bank Begins Largest Installation of NCR Interactive Video Teller Machines October 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 Tool October 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 Marketing October 12, 2012SAS High-Performance Marketing Optimization runs marketing tests with large amounts of customer data in minutes. Mobile Payments, Debit Usage on the Rise October 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. Big Banks Should be Smaller, Says Fed's Bullard October 11, 2012Big U.S. banks should become
smaller to make any failure more manageable, a senior Federal
Reserve official said on Thursday, supporting a suggestion that
the size of banks be limited to a specific percentage of U.S.
gross domestic product. Crowdsourcing Development of Financial Products: A New Path to Customer Engagement October 11, 2012Barclays has cut servicing costs and maintained great customer engagement with a new innovation: the social credit card. Japan's Softbank in Talks for $12.8 Billion Sprint Stake October 11, 2012Softbank Corp, Japan's
third-largest mobile carrier, is in talks to buy a majority
stake in U.S. operator Sprint Nextel Corp for more than 1
trillion yen ($12.8 billion), said a source with direct
knowledge of the matter, as it seeks to expand overseas. See more news