Sybase 365 software will let corporate and business banking customers monitor accounts remotely, receive bank alerts, approve and release wire transfers, and obtain account balance snapshots from their mobile devices.
The many competing mobile payment schemes in the U.S. have created havoc, according to experts. Banks, the card networks, PayPal, telecom carriers and other players all have skin in the game. But who will emerge as the Google of mobile payments?
PrivateBancorp Inc., a Chicago-based bank holding company with 34 branches and $12 billion in assets, will outsource some of its item processing operation and upgrade to branch capture services, payments technology provider FIS announced.
Tests of Android and iPhone apps of Bank of America, Wells Fargo, USAA and others found to store certain data, such as user names and passwords, on the phones themselves, where physical and cyber thieves could access them.
No major changes, but clarifications have been made to the broadly adopted card data security standards. General manager Bob Russo urges banks to find all credit card data in their network and monitor their logs.
J.P. Morgan announces executive appointments for Treasury & Securities Services Business: Donald McCree heads Treasury Services; Tom DuCharme and Claudia Slacik named regional CEOS; Dan Taylor joins bank as Executive Director on Global Market Infrastructure team.