Retail

Compliance Burdens on FIs Increased 26% in 3Q

Compliance Burdens on FIs Increased 26% in 3Q

by November 20, 2014 at 11:53 am 1 comment

The third quarter saw a 26% rise in the compliance burden for FIs. This data arrives via the Banking Compliance Index, produced by Continuity Control, a New Haven, Conn.-based provider of a cloud-based compliance management system for community banks. The latest results of the index were announced Saturday, November 15.

Snapcash is a Window into What Users Don’t Want Snapchat to Know

Snapcash is a Window into What Users Don’t Want Snapchat to Know

by November 19, 2014 at 11:12 am 0 comments

Reactions to the announcement of Snapchat’s new payments service ran the gamut from “the future of payments” to, well, a way to pay people for sending you nude pictures.

Regions Bank Shows Off Branch of the Future [VIDEO]

by November 13, 2014 at 11:30 am 0 comments

Regions Bank released a video yesterday showing “two new concept branches that offer a glimpse into the branch of the future.” The branches include video tellers and ATMs with advanced functionality, such as check-cashing and offering withdrawals in a variety of bills. Both branches are located near universities, one on the campus of the University of Alabama at Birmingham, and the other near Purdue University in West Lafayette, Ind.

U.S. Bank to Expand Mobile Account-Opening Efforts

U.S. Bank to Expand Mobile Account-Opening Efforts

by November 13, 2014 at 11:30 am 0 comments

U.S. Bank ran a pilot program for mobile photo account opening, a Mitek Systems technology, with Twins games attendees this summer, and based on the positive results, plans to expand the program to other event spaces in its footprint.

Mozido Is the Best-Funded Startup in Mobile Payments

Mozido Is the Best-Funded Startup in Mobile Payments

by November 12, 2014 at 12:01 pm 0 comments

In late October, eyebrows were raised when mobile payments startup Mozido raised $185 million from the likes of MasterCard, Wellington Management Co., and His Royal Highness Sheik Nahyan, who is kind of a big deal in the United Arab Emirates.

‘Internet Innovators’ Help Yodlee Diversify Revenue

by November 12, 2014 at 11:00 am 0 comments

Financial software provider Yodlee held its first earnings call as a publicly traded company yesterday and indicated that a broader customer base was helping spread the risk associated with having a few large accounts.

Alipay Pitches PayPal on JV

Alipay Pitches PayPal on JV

by November 11, 2014 at 11:47 am 0 comments

When China’s largest payments processor makes partnership overtures, they deserve notice. That’s what happened today, when Alipay, which has about 700 million registered accounts, said it wants to partner with PayPal, in addition to its ongoing talks with Apple to join Apple Pay.

ATM Innovation Is Alive and Well

ATM Innovation Is Alive and Well

by November 10, 2014 at 12:50 pm 0 comments

Financial software maker NCR released a trio of announcements this morning pushing ATM innovation forward. The Duluth, Ga.-based company is installing 2,200 advanced ATMs for the Bank of Montreal, which will allow faster transactions and “enhanced convenience, security and performance,” said Steven Nowaczyk, Head of North American ATM Channel, BMO Financial Group. NCR isRead More

The Underappreciated Banking Conversation

The Underappreciated Banking Conversation

by November 7, 2014 at 10:01 am 0 comments

Is every banking conference truly blah, blah, blah boring?

10 Tips for Integrating Social Media with Digital Banking Channels

10 Tips for Integrating Social Media with Digital Banking Channels

by November 6, 2014 at 11:54 am 0 comments

Social media is thought of as a separate universe than other digital channels, but there is significant overlap, and banks should take advantage of this.

BankMobile to Crowdsource Ideas for Its Mobile App

BankMobile to Crowdsource Ideas for Its Mobile App

by November 5, 2014 at 9:54 am 0 comments

BankMobile is asking its first 5,000 customers to help brainstorm how the bank should look and work.