News Archive from June 25, 2013
Why FINRA’s Spot Checks Are a Milestone for Social Media June 25, 2013FINRA’s announcement last week that it would conduct spot checks on financial services firms for social media compliance demonstrate the growth and importance of the social media channel. Most Wanted Mobile Banking Feature: RDC June 25, 2013 A Transforming Industry: Exclusive Q&A With Financial Services Roundtable CEO Tim Pawlenty June 24, 2013The head of the industry lobbying group sat down with Bank Systems & Technology to discuss some of the major issues affecting financial services. Barclays Plans to Sell Anonymized Data to Other Companies June 24, 2013Starting in October Barclays will sell aggregated and anonymized data on its checking and savings account holders to other companies trying to understand customer purchasing trends. Indian Payments Group Launches Online Transaction Service June 24, 2013The service was rolled out to improve e-commerce growth in India. Andera, Intuit Partner on Account Opening Technology June 24, 2013Andera's oFlows solution has been selected as the new account opening technology by Intuit Financial Services.
MasterCard, Western Union Partner on International Payments June 20, 2013The service will be made available to small and medium-sized businesses.
Credit Unions See Strong Membership Growth June 20, 2013Data from research firm SNL Financial finds that credit unions gained nearly 700,000 new members in Q1 2013.
EMV Migration May Lead Customers to Switch from Cards to Mobile Payments, Study Finds June 19, 2013In a new survey by ACI Worldwide nearly half of the respondents said that consumers will swap their plastic cards for mobile payments because of the migration to EMV. How Big Data Can Drive Mobile Payments Adoption June 18, 2013How banks decide to use their customer data to make relevant coupon offers to consumers will determine their place in the mobile payments ecosystem. U.S. Banks Increasingly Pressured by Compliance Requirements June 18, 2013A report from Wolters Kluwer finds that financial institutions are feeling greater regulatory pressures than even at the beginning of 2013.
U.S. Bank Offers Donations Through ATMs for Tornado Victims June 17, 2013U.S. Bank wrapped up a donations drive today for victims of the Oklahoma tornadoes that allowed customers to donate to the American Red Cross directly from U.S. Bank ATMs. Commonwealth Bank To Launch Online Social Forum June 14, 2013The forum is designed to provide its customers with a personalized online experience.
3 Takeaways From Innotribe New York June 14, 2013The showcase for financial technology startups and innovators, sponsored by SWIFT, could portend the future of banking.
Bank of America Merrill Lynch Expands Transaction Services in Canada. June 14, 2013The bank is creating targeted client teams and product enhancements for its business customers in that country.
Chase, Twitter Parter on Small Business Advertising June 13, 2013The social media site announced a partnership with Chase to award $1 million in free Twitter advertising credits to Chase small business customers in the United States.
U.K. Payments Council Announces New Account Switching Service June 11, 2013The service is designed to make it simpler for consumers to switch bank accounts.
New Study: Alternative Credit Decisioning Tools Could Have Generated $1.7 Billion for Issuers In 2012 June 11, 2013A new study by LexisNexis and Javelin found that alternative credit decisioning tools could open up new segments, like the underbanked, for lenders. Mobile Wallets Still Struggling to Gain Traction June 11, 2013A report from Carlisle & Gallagher evaluated twenty prominent wallet products on payment capabilities and customer experience.
Lloyds Banking Group Keeps It Simple With BPM June 10, 2013The U.K.'s largest bank has identified 200 initiatives that need to be completed in order to simplify the entire banking organization. Diebold Names Former HP Exec as New President and CEO June 07, 2013The ATM manufacturer appointed Andy Mattes, most recently HP's head of enterprise services for the Americas.
Union Bank Lays Foundation for Growth with Service Virtualization June 05, 2013Union Bank has used a service virtualization solution to improve application testing to replace legacy systems and launch new front end applications as it looks to grow into a top 10 bank. Dell Brings the Cloud to the Branch June 04, 2013Dell’s new PowerEdge VRTX solution combines all the server, storage and networking needs of the branch into one chassis, eliminating hardware complexity and cutting costs. Worldwide Mobile Payment Transactions To Reach $235 Billion in 2013 June 04, 2013A new report from Gartner also predicts the number of mobile payment users worldwide will reach 245 million this year. BBVA Compass Adds Mobile Photo Bill Pay to iPhone App June 04, 2013BBVA Compass follows U.S. Bank as the second major bank to roll out mobile photo bill pay for its mobile customers. See more news