News Archive from January 30, 2014
Visa, SAP Partner on Corporate Payments Solution January 30, 2014The new solution is designed to help corporations who want to move toward electronic business-to-business payments.
Amazon Planning New P2P Payments and Kindle Point of Sale Systems January 30, 2014The company is looking to hire help for a new P2P payments system to go head-to-head with PayPal, and is accelerating a Kindle point of sale project. Barclays Denies Reports That It Will Close 400 Branches January 29, 2014A day after it was reported that the bank would close hundreds of branches, Barclays stated no such plans exist. but left the door open for future closings. Banks Must Evolve Business Model or Die: Report January 29, 2014A new report from KPMG says the industry is at a crossroads and needs to re-focus its business strategy on selling products and services.
D+H Rebrands, Unifies U.S. Operations January 28, 2014The company acquired Harland Financial Solutions last August.
Banks Beware: Companies Seek Growth Across Traditional Industry Boundaries January 27, 2014New research from Accenture identifies financial services as one of six "digitally contestable markets" ripe for disruption from competitors in other businesses. How Citi’s New ATM’s Will Enable New Branch Formats January 27, 2014Citi’s recently unveiled ATM upgrades will help Citi experiment with smaller branches focused on advisory services. How Mobile Photo Bill Pay Is Helping Community Banks Appeal to Mobile-Only Customers January 24, 2014Allied Payment Network’s Picture Pay mobile photo bill pay solution has helped smaller banks develop relationships with younger mobile-only customers. Celent: Bank IT Spending Will Grow to Nearly $60 Billion This Year January 24, 2014Retail banking will drive IT spending this year, with improvements in digital channels and user experience a high priority for banks. IBM Plans Layoffs, New Investments January 23, 2014IBM says it will "rebalance" its workforce in 2014 after a steep slide in hardware sales, but also invest in cloud, mobile, analytics, big data, and security to fire up growth. Nedbank Limited Selects Oracle Core Solution January 23, 2014The South African bank said it is looking to modernize its infrastructure. VMWare Acquires AirWatch January 23, 2014The move will expand VMWare's mobile services portfolio.
How Accuity Is Helping Increase STP Rates for International Payments January 22, 2014A new integrated platform will allow banks to quickly find routing and referential data to reduce risk and improve customer experience in international payments. USAA Tops Among Banks in Forrester Customer Experience Survey January 22, 2014Overall, the banking industry ranked fifth out of 14 measured.
Online Account Opening Goes Mobile, Research Suggests January 21, 2014New data from Andera shows more consumers are completing new account applications on their mobile devices. Bitcoin Now Accepted Here, NBA Team Says January 17, 2014Pro Basketball Team the Sacramento Kings is the first major pro sports franchise to accept the virtual currency.
Bank of America Will Close More Branches With Increasing Mobile Usage January 16, 2014Increasing mobile adoption has Bank of America planning to cut more branches this year, after closing more than 300 hundred last year. HCL Technologies, CSC Form Strategic Partnership January 16, 2014The two companies are partnering on a delivery network to help companies move to the cloud.
Will Target Data Breach Speed EMV Adoption in US? January 15, 2014Target's CEO Gregg Steinhafel called for a quicker adoption of EMV cards in the United States to stave off future attacks.
Neiman Marcus, Target Data Breaches: 8 Facts January 13, 2014A cyberattack campaign, likely coordinated, breached data from Target, Neiman Marcus, and at least three other retailers. How Market Pressures and Emerging Trends Are Changing The Delivery of Debit Products January 13, 2014A new report from Aite outlines the changes that EMV, the Durbin Amendment and other new factors will have on debit products and branch networks. 3 Best Practices For Regulatory Compliance January 13, 2014Best practices have emerged that financial institutions can use not only to meet new regulatory standards, but to improve business processes and align strategies. BBVA Compass Cuts 600 Positions January 10, 2014The bank signed outsourcing deals with Xerox and Accenture to take over some functions. IBM Breeds New Business Unit To Feed Watson January 10, 2014IBM is investing more than $1 billion in a new business unit. It's banking on a market for cognitive computing services that actually learn and reason. Pitney Bowes Hires Ron Totaro As General Manager of Global Financial Services January 08, 2014Totaro will lead Pitney’s global payments and leasing business and work to develop new offerings for financial services customers in those areas. See more news