News Archive from October 25, 2012

USAA, ING Direct, PNC Leaders in Customer Retention, Report SaysOctober 25, 2012Meanwhile, an analysis from Forrester Research also found that Chase, Wells Fargo, and Bank of America are the leaders in driving sales and attracting new customers.
Square Touches Down in CanadaOctober 25, 2012The mobile payment company will expand its presence outside the U.S. for the first time.
Financial Services CEOs Among Those Calling for Action to Reduce Federal DeficitOctober 25, 2012Chief executives of more than 80 big U.S. corporations, including Goldman Sachs , JPMorgan and Boeing, joined forces on Thursday to pressure Congress to reduce the federal deficit with tax reform and spending cuts.
Visa Names Former JPMorgan Chase Retail Head as New CEOOctober 24, 2012Charles W. Scharf, formerly CEO of Retail Financial Services for JPMorgan Chase, will succeed Joseph W. Saunders as Visa’s Chief Executive Officer.
ABN AMRO Upgrades Data Analytics CapabilitiesOctober 24, 2012The bank has partnered with Teradata Technologies to enhance its data warehouse to meet regulatory requirements and improve customer analytics.
Basel Official Defends New Global Bank Capital RulesOctober 24, 2012A simple approach to reining in risks at banks would fail to capture the complexity of modern day lenders, a top global regulator said.
Awareness and Interest in Mobile Money Services Grows in Developing WorldOctober 23, 2012Consumers want to make payments and send funds with their mobile devices, but issues with ease of use and trust in service providers remain biggest barriers to adoption, a Visa survey found.
Chexar and Visa Deliver Mobile RDC to Prepaid CardholdersOctober 23, 2012Visa prepaid cardholders will be able to deposit their checks with their mobile devices on to their prepaid cards, gaining immediate access to their funds.
Majority of IT Departments Ignorant of BYOD: ReportOctober 23, 2012Industry analyst Ovum surveyed 4,000 employees from around the world on their corporate BYOD policy.
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.

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