News Archive from February 13, 2013

U.S. Judge Dismisses ATM Fee Collusion LawsuitsFebruary 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 CybersecurityFebruary 13, 2013Many in the financial services and security industries say the threats have become more serious.
Global Watchdog Needs More Time on Derivatives RulesFebruary 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.
Bank Boardrooms Go PaperlessFebruary 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 ImprovingFebruary 12, 2013A Harris Interactive poll measured the reputations of the sixty most visible companies in the country.
American Express, Twitter Partner on PurchasingFebruary 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 IndonesiaFebruary 11, 2013BBM Money will allow customers to send money via BlackBerry Messenger and make bank account transfers.
FIS Launches P2P Payments SolutionFebruary 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 ServiceFebruary 08, 2013The function will be available for Android and iPhone versions of its mobile app.
Cracks Appear in European Banking Union SchemeFebruary 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 DataFebruary 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.
Moving to the Cloud is Costly and Challenging, Survey FindsFebruary 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 BankingFebruary 05, 2013Elliott Jaffee will focus on growth in the $10 million to $500 million-client segment.
Digital Wallets Have Yet to Capture Consumer AwarenessFebruary 05, 2013A report by comScore finds that only about half of U.S. consumers are knowledgable about digital wallets.
Visa Announces EMV Migration Path for Debit Cards and ATM'sFebruary 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: ReportFebruary 04, 2013Research firm Ovum predicts that investment in mobile will drive the spending increase.
New Measures to Lift Veil on Banks' Capital RatiosFebruary 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 OfficerFebruary 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 PCsJanuary 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 mFoundryJanuary 31, 2013Bank tech giant previously held 22% interest in mobile solutions vendor; sees deal as opportunity to leverage technology assets across broader client base.
RIM to Rename Itself BlackBerryJanuary 30, 2013Research In Motion Ltd is changing its name to BlackBerry, the company announced on Wednesday, in move to refresh its tarnished image as it begins marketing a reengineered line of BlackBerry 10 smartphones.
Google Expected to Win Mobile Wallet Wars, Study FindsJanuary 30, 2013A new survey released yesterday by ACI Worldwide found that the majority of retail professionals involved said Google would beat out PayPal and Isis in the mobile wallet wars.
Check Scanners That Detect Fake I.D.'s Help One Bank Fight FraudJanuary 30, 2013Check scanners from CTS North America have been enabled with technology that detects fake I.D.'s that have helped one community bank secure branch transactions and can authenticate remote check deposits.
Treasury Needs Exit Plan for Ally Financial, Says WatchdogJanuary 30, 2013The U.S. Treasury needs to develop a concrete plan for exiting its 74 percent stake in auto financing company Ally Financial Inc, the second-largest remaining recipient of federal bailout dollars, an internal watchdog said in a report released Wednesday.<
New Study Finds Bankers Expect Big Challenges And Few Benefits From Dodd-Frank 1073January 29, 2013Bankers believe Dodd-Frank 1073, which will regulate cross-border-payments and will be implemented this year, will have a negative impact on their payments business, according to a new survey.

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