News Archive from February 13, 2013
U.S. Judge Dismisses ATM Fee Collusion Lawsuits February 13, 2013A federal judge has dismissed antitrust
lawsuits accusing Visa Inc, MasterCard Inc,
JPMorgan Chase & Co, Bank of America Corp and
Wells Fargo & Co of conspiring to fix automated teller
machine fees. Executive Order Calls for Collaboration on Cybersecurity February 13, 2013Many in the financial services and security industries say the threats have become more serious.
Global Watchdog Needs More Time on Derivatives Rules February 13, 2013New rules on how much collateral
is needed to back derivatives trades are unlikely to be
finalised before September, leaving markets in limbo as global
regulators seek to minimise potential harm to economic recovery. Judge Denies Wells Fargo Attempt to Fight Financial Crisis Suit February 12, 2013A federal judge on Tuesday
denied Wells Fargo's attempt to beat back a
financial-crisis lawsuit by arguing it conflicted with an
earlier settlement. Bank Boardrooms Go Paperless February 12, 2013Bank of New Hampshire has seen considerable time and cost savings from using digital books for its board meetings provided by Diligent Boardbooks. Financial Services Doesn't Fare Well in Reputation Poll, But Perceptions Improving February 12, 2013A Harris Interactive poll measured the reputations of the sixty most visible companies in the country.
American Express, Twitter Partner on Purchasing February 12, 2013The company has expanded its partnership with Twitter, which previously consisted of a daily deals program, to include the ability to buy products.
BlackBerry Announces Mobile Payments Initiative in Indonesia February 11, 2013BBM Money will allow customers to send money via BlackBerry Messenger and make bank account transfers. FIS Launches P2P Payments Solution February 11, 2013FIS People Pay allows banks to offer their customers the ability to send payments directly to other consumers using an e-mail address or mobile phone number.
Jack Henry Announces Mobile RDC Service February 08, 2013The function will be available for Android and iPhone versions of its mobile app.
Cracks Appear in European Banking Union Scheme February 08, 2013It was billed as a
reform that would tighten policing of Europe's banks and end
their ability to suck states into crisis. Now fears are growing
that a central element of banking union will be scaled back,
undermining the whole scheme. MasterCard Advisors Partners With Analytics Firm Mu Sigma On Big Data February 07, 2013The two companies announced a new partnership today to create new business intelligence by combining MasterCard’s consumer purchasing database with Mu Sigma’s analytics staff and techniques. Senate Panel to Vet Lew for U.S. Treasury Secretary Next Week February 06, 2013The Senate Finance Committee
will hold a hearing on Feb. 13 to consider the nomination of
Jacob "Jack" Lew for Treasury secretary, the committee said on
Wednesday. Moving to the Cloud is Costly and Challenging, Survey Finds February 06, 2013
Audit firm KPMG polled more than 650 business and IT leaders about their company's cloud plans. U.S. Bank Names New Head of Commercial Banking February 05, 2013Elliott Jaffee will focus on growth in the $10 million to $500 million-client segment. Digital Wallets Have Yet to Capture Consumer Awareness February 05, 2013A report by comScore finds that only about half of U.S. consumers are knowledgable about digital wallets.
18 Charged in $200 million U.S. Credit Card Fraud Ring February 05, 2013U.S. prosecutors on Tuesday
charged 18 people with fraud for allegedly creating and using
thousands of fake identities to ring up hundreds of millions of
dollars in credit card purchases. Visa Announces EMV Migration Path for Debit Cards and ATM's February 04, 2013The card company said that it will offer an unbranded AID with some of its EMV technology and set deadlines for ATM acquirers to accept EMV. Global Bank IT Spend to Reach $118.6 Billion in 2013: Report February 04, 2013Research firm Ovum predicts that investment in mobile will drive the spending increase. Oracle to Buy Network Gear Maker Acme Packet for About $2 Billion February 04, 2013Oracle Corp agreed to buy Acme Packet Inc, which makes network equipment to speed up voice, video and data delivery across networks, for about $2 billion. New Measures to Lift Veil on Banks' Capital Ratios February 03, 2013The game may soon be up for banks
that have made themselves look healthier by understating how
risky their businesses are, which should help pension funds,
savers and companies to decide which institutions to invest in. M&T Brings On Donald Truslow As New Chief Risk Officer February 01, 2013Truslow, who previously worked at The Financial Services Roundtable and Wachovia Corporation, will also serve as executive vice president and a member of the bank's management committee. U.S. Tablet Shipments Soar During Holidays, Threaten to Surpass PCs January 31, 2013Apple Inc Chief
Executive Tim Cook's prediction that tablets would one day
outsell personal computers appears to be coming true. Bank Tech Vendor Shakeup Continues: FIS to Acquire mFoundry January 31, 2013Bank tech giant previously held 22% interest in mobile solutions vendor; sees deal as opportunity to leverage technology assets across broader client base. E.U.'s Barnier Says U.S. Should Respect Basel III January 31, 2013The United States should
implement Basel III bank capital rules in the same way as Europe
does, at the beginning of 2014, the European Union official in
charge of regulation said. See more news