News Archive from November 1, 2013
Ally Launches Mobile Payments Upgrades November 01, 2013The bank has integrated Popmoney into its mobile app, and also introduced a mobile electronic transfer function.
What Are the Real Economics of the Cloud? October 31, 2013Considering only the unit costs associated with the cloud doesn’t provide a true picture of the economics. U.S. Bank Accepting Military Support Donations October 31, 2013U.S. Bank customers can makes donations to Operation Homefront via ATMs in 25 states.
Banks Need To Target Small Businesses For Online Payment October 30, 2013In the next one to three years, banks plan to support online payment processes for small and medium sized businesses. BofA Merrill Lynch Launches Cash Recycling Solution October 30, 2013The solution is geared towards retailers and other cash-intensive businesses. Customers Bank Launches Mobile Photo Bill Pay October 29, 2013The offering is part of the bank's enhancements to its mobile suite.
U.S. Bank Rolls Out Mobile Photo Balance Transfer October 28, 2013Next month U.S. Bank plans to launch Mobile Photo Balance Transfer, after seeing the success of its other mobile imaging services. Startup Set To Introduce First Bitcoin ATM October 28, 2013The first ATM that exchanges cash for Bitcoins is set to go live tomorrow. Banks Can Thrive in the New Payments World October 28, 2013A new NACHA white paper explores the payments crossroads banks currently face, and how to stay relevant amidst increasing competition.
PayPal Is The Most Trusted Brand For Mobile Wallets, Says Survey October 24, 2013PayPal tops Google, Apple, Facebook, and Amazon as the most trusted brand for mobile wallets according to a survey by Javelin Strategy and Research. Survey: Majority of Employees Ready to Break BYOD Policies October 24, 2013A survey by Fortinet, a network security company, found younger employees are often willing to break company policies around personal mobile devices and cloud usage. HSBC Launches Cash Management Tool in China October 24, 2013The solution enables corporates to submit cross-border payment documentation electronically.
Bank IT Spend Projected to Reach $215 Billion in 2014 October 23, 2013Financial Services firms overall are estimated to spend $430 billion in 2014, according to IDC financial Insights.
SAP And SAS Partner On Big Data Analytics October 23, 2013SAP and SAS announced yesterday they will be partnering to offer SAS analytics applications on SAP’s HANA platform. Voice of the Customer Programs on the Rise October 23, 2013New research from Temkin Group finds that an overwhelming number of companies report that VoC programs deliver positive business results.
Banks Spending More on Innovation: Report October 22, 2013A new survey from Infosys and EFMA finds that 77% of the banks polled are increasing investment in innovation, compared to 13% in 2009.
Silicon Valley Bank Partners on Coding Competitions October 21, 2013The bank and other institutions are partnering to create the next generation of tech workers.
Bank of America Wholesale Division on a Journey of Transformation October 18, 2013The bank's CIO for Global Wholesale Banking Technology & Operations Bill Pappas is leading an infrastructure evolution.
IBM Develops NFC Authentication Technology October 18, 2013The technology is designed to protect NFC-based mobile transactions from hackers. Most Consumers Want P2P Payments from Their Bank, Survey Finds October 17, 2013A new survey from Fiserv showed growing use cases and interest among consumers for P2P payments provided by banks. IPad Account Origination App Helps Fairwinds Credit Union Engage New Customers October 17, 2013Growing out of a partnership with University of Central Florida, the credit union has opened more than 1,500 student accounts with the new app. Gartner: Majority of Banks Will Turn to Cloud for Processing Transactions By 2016 October 16, 2013Gartner released its IT predictions for vertical industries yesterday, which included forecasts on the growth of cloud in banking and changes in consumer behavior. Low Value Transactions: A Mobile Payments Dilemma October 15, 2013Lowering processing costs cloud open up an opportunity for mobile payments to gain traction in low value payments. Number of Failed Banks Half that of 2012 October 15, 2013So far this year, 22 banks have been shuttered, compared to 43 this time last year, according to new research.
Where Are They Now? BS&T's 2012 Elite 8, One Year Later October 14, 2013Core systems modernization, customer experience-related initiatives and supporting regulatory compliance are among the top priorities keeping BS&T's 2012 Elite 8 honorees busy since they were recognized a year ago. Here are updates on the challenges and projects that some of the executives have been tackling in the past year. See more news