News Archive from November 9, 2012

U.S. Bank Regulators Say Capital Rules Won't Take Effect Jan. 1November 09, 2012U.S. banking regulators do not expect proposed rules requiring financial institutions to hold more capital to take effect at the start of next year, three agencies said on Friday.
New Mobile Payments Platform for EMV CardsNovember 09, 2012VeriFone's SAIL EMV payments platform offers a solution that plugs into tablets and smartphones for accepting chip-and-pin payments.
Square Wallet Now Accepted at StarbucksNovember 08, 2012After the partnership between Square and Starbucks last summer, Starbucks customers can now pay for their coffee in-store with the Square Wallet.
Banks and Servicers Agree To Mortgage Relief for Sandy VictimsNovember 07, 2012A number of mortgage lenders in New York State have agreed to waive late payment fees and postpone foreclosures for Sandy victims.
PNC Names New Head of Operations and TechnologyNovember 07, 2012PNC names new head of operations and technology; seasoned financial services IT executive Steven Van Wyk leaves ING to replace Vice Chairman Thomas Whitford, who is retiring.
MasterCard and ING Launch EMV Internet Payments TrialNovember 07, 2012The solution being tested in the trial supports two scenarios: Consumers shopping and paying on a phone; and shopping on a PC or tablet, and then completing the payment step on their phone.
Election Gamble Backfires for Banks, Energy FirmsNovember 07, 2012Some urgent bridge-building will be required in the coming days if they are to influence financial regulation and energy policy over the next four years
U.S. Markets Want Clear Decision From Presidential VoteNovember 06, 2012Traders and investors seem to agree on one thing about Tuesday's U.S. presidential election: The markets want a clear winner by Wednesday morning.
New Survey Identifies Trends in Regulations, M&A, IT Spending For Community BanksNovember 06, 2012A new study by KPMG found that regulations are stifling organic growth and driving mergers and acquisitions among community banks.
Ex-UBS, Credit Suisse Banker Pleads Guilty in U.S. Tax ProbeNovember 06, 2012A former banker at giant Swiss financial institutions UBS AG and Credit Suisse Group AG pleaded guilty on Tuesday to helping wealthy Americans hide millions of dollars from U.S. tax authorities during his time at UBS.
Ernst & Young Survey Finds Businesses Struggle to Keep Up With Changing Security ThreatsNovember 06, 2012Three-quarters of those surveyed report an increase in external attacks, but there is no security architecture framework in place for 63 percent of the organizations.
BillGuard's Transaction Monitoring Added To Lemon's Digital WalletNovember 05, 2012BillGuard is extending it's reach in the digital wallets space, forming a new partnership that will add it's solution for transaction monitoring to the Lemon Wallet.
Sandy Highlights the Importance of Bank Disaster Recovery PlansNovember 05, 2012Protecting important facilities and data centers is paramount for financial institutions during any natural disaster.
Women Challenge Central Banking Men's ClubNovember 05, 2012When the European Parliament turned Yves Mersch down for a top central banking post, it wasn't because he lacked the expertise or experience; they rejected him because he is a man.
Citi, Chase Among Banks That Must Hold Most Extra Capital, Regulators SayNovember 01, 2012Citigroup Inc, Deutsche Bank , HSBC and JPMorgan Chase & Co will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses, global regulators said on Thursday.
AML Compliance Makes Know Your Customer More Important Than Ever, Report SaysNovember 01, 2012Regulators are taking a deeper look at anti-money laundering and anti-bribery corruption compliance, and banks had better be prepared.
Banks Recovering From Sandy AftermathOctober 31, 2012Major U.S. banks said on Wednesday they had reopened more than half of the branches that were closed as Hurricane Sandy battered the U.S. East Coast earlier this week.
Bank of America Offers Assistance Program After Hurricane SandyOctober 31, 2012The bank notified customers that it is launching an assistance program to help those in need of financial assistance in the wake of the storm.
Fundtech And Accenture Partner On Liquidity ManagementOctober 31, 2012The two companies announced they join forces to help deliver new tools for banks facing more stringent capital requirements from regulators.
In Hurricane, Twitter Proves a Lifeline Despite PrankstersOctober 30, 2012As Hurricane Sandy pounded the U.S. Atlantic coast on Monday night, knocking out electricity and Internet connections, millions of residents turned to Twitter as a part-newswire, part-911 hotline that hummed through the night even as some websites failed a
Hurricane Sandy Wallops Internet Commerce Just As HardOctober 30, 2012From Fab.com to Amazon.com Inc and eBay Inc, e-commerce companies scrambled on Tuesday to get goods to buyers on time after Hurricane Sandy tore a swathe of destruction across the U.S. northeast.
Social Media Helps Banks Communicate with Customers Affected by HurricaneOctober 30, 2012A number of banks are posting service updates, contacting customers and even providing safety tips to followers through their social media channels during Sandy's aftermath.
TD Bank's Assistance Program to Help Customers Pay for Costs of Hurricane SandyOctober 30, 2012The bank is offering quick credit lines, instant issue of debit cards and waived fees to help customers in the aftermath of the storm.
U.S. Stock Markets Consider Opening on WednesdayOctober 30, 2012U.S. stock exchanges are looking at opening on Wednesday after monster storm Sandy receded from New York, sources said, and the New York Stock Exchange is testing a new plan to help resume trading.
U.S. East Coast Power Outages from Hurricane Sandy Top 7.4 MillionOctober 30, 2012More than 7.4 million homes and businesses along the U.S. East Coast were still without power as the remnants of Hurricane Sandy continued to batter the region.

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