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Penny Crosman

Editor in Chief

Penny Crosman is Editor in Chief of Bank Technology News and Technology Editor of American Banker. She has had senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise and Network Magazine, among other titles.

Recent Stories From this Author

Carbanak Hackers Targeting Banks Again, Security Pros Say
February 11, 2016 A cybercrime ring that reportedly stole $1 billion from banks around the world last year is back, using different tactics. For...

How Vulnerable Is Payments System to a Nation-State Attack?
February 9, 2016 Some say the U.S. payments infrastructure is a prime target for government-sponsored cybercriminals. But the aged and...

Homemade System for Tracking Vendors Saves Somerset a Bundle
February 8, 2016 Asset growth drove the Pennsylvania bank to create software that helps it vet and monitor vendors, with automated tracking of...

Bank Ads Teach Information Security Basics to Careless Public
February 5, 2016 Human error opens the door for most cybersecurity incidents. mBank in Poland, U.S. Bank and Bank of the West are working to...

As Global Remittances Surge, Fintechs Aim to Remove the Friction
February 2, 2016 Cross-border payments, even small ones, take days to clear, cost 5% to 10% of the payment amount, and can be baffling to the...

Rogue App Stores Threaten Mobile Banking Security
January 21, 2016 Subtly altered versions of popular apps are appearing more often on smartphones. These rogue apps, often available for free,...

Consumers Use Mobile Banking But Don't Trust It, with Reason
January 19, 2016 Consumers say they consider mobile banking unsafe even as they increasingly use it, assuming they can do nothing to protect...

Fed Hires IBM to Modernize ACH Amid Push for Faster Payments
January 13, 2016 The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling...

BBVA's Answer to the Call for Robo-Advisers: a Fintech Partnership
January 12, 2016 The latest in BBVA Compass' ventures with fintech companies will bring it a simpler way to offer investment advice to the...

Trade-Off Gets Tougher Between Security, Convenience
January 7, 2016 Authentication methods meant to keep cybercriminals from taking over accounts can also lock out legitimate users. This old...

Are You Ready for the Cybersecurity Challenges of 2016?
January 5, 2016 Bank regulators will stiffen their requirements and identity theft will escalate, but banks will toughen up their defenses.

One Way to Fix the Hot Mess that Is Debt Collections
December 31, 2015 As debt collection abuse cases rise in prominence and regulators ponder new rules, it's time to give the idea of a national...

Inside Synchrony Financial's Innovation Lab
December 29, 2015 Far from the madding crowd, the GE spinoff Synchrony runs an innovation lab in Stamford, Conn., that is buzzing with pragmatic...

Banking Apps that Matter Will Head to the Cloud in 2016
December 24, 2015 Next year, look for banks to finally start putting mission-critical applications on public cloud services, with Capital One...

Congress Just Abandoned Data Privacy, But Banks Can Restore It
December 22, 2015 Privacy advocates were appalled by the cybersecurity act Congress passed in the omnibus spending bill, with its abandonment of...

Blockchain Gang's Challenge: Find Strength, Not Strife, in Numbers
December 17, 2015 The success of a new blockchain-technology initiative will hinge on the ability of many influential players to work together:...

IBM, Linux Foundation, Banks Developing Open Source Blockchain
December 17, 2015 The latest blockchain technology initiative has IBM, Digital Asset Holdings, R3 and other tech companies working with banks,...

Digital Currency a Banker Could Love
December 15, 2015 A startup backed by philanthropist Pierre Omidyar has emerged from stealth mode with technology that promises to provide...

Banks Offload Pesky Small-Business Services onto Fintech Startups
December 10, 2015 Despite their own vast resources, some large banks are partnering with fintech startups to help them meet the needs of one of...

For the Curious But Uncommitted, a Blockchain in a Box
December 8, 2015 Major cloud, consulting and software providers like Microsoft and Deloitte are plugging "blockchain as a service" for...