News Archive from April 18, 2013
Putting Big Data to Work for Financial Services Companies April 18, 2013By starting small, growing organically and striking the right balance between gaining the desired insight and becoming overloaded with data, financial services firms will truly recognize the gains they can make Mobile Check Deposit Helps Drive Increased Mobile Adoption, Study Finds April 17, 2013Research released yesterday Malauzai Software suggests that banks are seeing increased engagement through the mobile channel after they roll out mobile check deposit. 2.4 Million Cards Exposed in Supermarket Data Breach April 16, 2013Midwestern grocery market chain Schnucks was the target of cyber attacks.
City Bank Texas Launches Mobile Photo Bill Pay Solution April 15, 2013With data showing a fast growing interest among consumers in mobile photo bill pay, City Bank Texas announced today that it will be adding the feature to its mobile banking offerings. Cloud-Based Security Services Market to Reach $4.2 Billion by 2016. April 15, 2013A report from Gartner predicts that by 2015, 10 percent of overall IT security enterprise product capabilities will be delivered in the cloud.
Creating A Customized Banking Experience With Big Data April 12, 2013Customers have different expectations of their bank, and are willing to pay for different services. Big data opens the door for banks to group their customers according to their banking preferences, which can make customers more satisfied and more profitable. PayPal Targets Customer Acquisition With Purchase of Start-Up Iron Pearl April 12, 2013PayPal has acquired Iron Pearl, a California-based start-up specializing in customer acquisition and engagement, and formed a new growth team to expand its customer base. Wells Fargo's Vision of the Branch of the Future April 12, 2013The bank is opening the first of what it calls the "neighborhood format" of store in Washington D.C.
Fiserv Launches Consulting Service Targeting Community Banks and Commercial Lending April 11, 2013The bank technology vendor is offering a new service that provides consultant reviews and strategy recommendations for smaller banks looking to better their commercial lending business, while also announcing its first new client on the DNA platform since its acquisition of Open Solutions. MasterCard Launches Digital Wallet Service in Canada April 11, 2013The company has officially launched its MasterPass wallet product; the U.S. roll out is expected later in the spring.
ING Direct Canada Looks Forward On Mobile April 10, 2013The bank is partnering with IBM on several innovative mobile banking initiatives.
PayPal Teams With Chilean Payment Network On International Money Movement April 09, 2013The payments company has formed a partnership with Chilean payment network Multicaja to allow businesses that accept international payments via PayPal to withdraw their funds directly into their local bank accounts.
Business and Technology Change Capabilities Primed for Outsourcing, Paper Argues April 08, 2013Banks who are looking to take the next step in IT outsourcing should look to their business and technology staff and resources, a new white paper from Capco suggests. Bank of the West’s New Mobile Feature Makes Checking Balances A Snap April 04, 2013Customers can now see their account balances before they log in with a quick swipe of their smartphone with the bank’s new Quick Balance feature. Sterling, Provident Banks To Merge April 04, 2013The newly combined bank will have nearly $7 billion in total assets.
Javelin Forecasts Big Growth in Mobile Payments By 2018 April 03, 2013Javelin released a report today forecasting payments trends at the point of sale over the next few years, with growth expected in mobile payments and further decline in cash and checks. Online Still Represents Lion's Share of Digital Investment April 03, 2013A report on the state of multi-channel banking by Forrester also found that many banks are unprepared to support multi-channel initiatives.
Intuit Making Mint Available to Banks April 03, 2013Intuit announced that it is making the popular PFM tool available to financial institutions to integrate into their online and mobile banking services.
Fiserv Launches Prepaid Mobile Deposit Service April 02, 2013Prepaid Source Capture allows consumers to load funds from checks onto prepaid cards.
Big Data: Where to Begin? April 01, 2013 Bank Systems & Technology got an early exclusive look at a report to be released tomorrow by Celent that highlights the difficulties many financial institutions are facing in moving towards a data-driven business model. StrikForce Technologies Files Patent Suit Against Microsoft, Fiserv, First Midwest April 01, 2013The company alleges its patent for an out-of-band authentication system was violated.
Commission Considers Good and Bad of British Banking March 28, 2013The Archbishop of Canterbury
has spent the run up to Easter contemplating the ethics of the
trading floor and ways to curb greed in the City of London. Patient Cypriots Wait as Banks Reopen March 28, 2013Cypriots queued at banks as
they reopened on Thursday under tight controls imposed on
transactions, but there was no sign of a run on deposits that
had been feared after the government was forced to accept a
stringent EU rescue package. CFPB Makes Complaint Data Public March 28, 2013The database contains some 90,000 searchable complaints on mortgages, student loans, bank accounts and services, other consumer loans, and credit cards.
Banks Seek to Expand Presence in Canada, Says Canadian Finance Minister March 27, 2013Banks are lining up to expand
their presence in Canada, and the government welcomes this as a
way of fostering competition, Canadian Finance Minister Jim
Flaherty said on Wednesday. See more news