more
= Subscriber content; log in or subscribe now to access all American Banker content.

BANK TECHNOLOGY NEWS

KEY TOPICS
MobileRisk Management
Can Mobile Apps Prod Millennials to Save? This Startup Thinks So
Qapital, which launched its app in Sweden in 2013, is making its American entrance. It is the latest example of how firms are trying to inspire young consumers to save and mashes personal financial management with money movement.

THE LATEST

Bank of America Hires Utilities Executive for Tech Role
02:57 ET
Banks Changing Apple Pay Procedures After Fraud, Consultants Say
02:00 ET
Lawsky Warns Pioneer Savings Bank Customers of Breach
04:42 ET
ICBA Creates Fund to Help Banks Adopt EMV
01:08 ET
California Considers Bill Setting Virtual Currency Guidelines
05:25 ET

Features

Is Apple Pay a Fraud Magnet? Only if Banks Drop the Ball
Suggestions that Apple Pay is unusually vulnerable to fraud were quickly refuted this week. The fact remains, though, that extra care is needed when verifying cards for Apple's mobile wallet.
Consumer Finance

Small-Town Lender Conquers Email Overload
A consumer lender with nearly 300 far-flung offices struggled to keep up with multiple compliance projects using email and Microsoft Project. Then it turned to collaboration software, and demanded some customized changes, that helped tie its many loose threads together.
Community Banking
Consumer Finance

Surprise — ID Theft Is Down Despite Data Breaches
Roughly 12.7 million Americans were hit with identity fraud in 2014, a 3% drop from a year earlier, while losses tied to that fraud fell 11% to $16 billion, said the study, which was released by Javelin Strategy & Research.
Comments (1)

Cryptocurrency Technology Set to Shake Up Correspondent Banking
Correspondent banking has long relied on a costly, multistep process to settle transactions. Now banks must weigh whether to adopt cryptocurrency technology that allows for faster, cheaper settlements or risk getting pushed out of the business entirely.
Comments (1)
National/Regional
Consumer Finance

Hiring Millennials? Better Make Your Want Ads Mobile-Friendly
To court young talent, banks are reimagining their ads for positions like call center agents and video tellers as YouTube clips. They are also finding ways to make applications easier to fill out on mobile devices.

Risk On, Risk Off: Associated Banc-Corp Chooses the Latter
The Wisconsin bank's cautious approach to technology and other innovations says a lot about its overall philosophy. It is treading carefully on Apple Pay, marketplace lending and other cutting-edge items while it is encouraged by its customers' switch to electronic banking.
National/Regional
Consumer Finance

Bank of the West Seeks to Cement Loyalty with Mobile Photo Bill Pay
Bank of the West has joined the early adopters of technology that lets customers pay bills by photographing them with their smartphones, making mobile bill payment easier and potentially reinforcing the customer-retention benefits of online bill pay.
Comments (2)

Android Pay Developers' Platform Coming Soon: Google
A Google executive has confirmed the company has established Android Pay, a previously rumored platform upon which developers can build payments into applications.
Consumer Finance

Small Banks Overcome Handicaps to Blaze Tech Trails
Across the country, community banks are defying the stereotype of small institutions as technological laggards, sometimes introducing useful digital features well ahead of the better-resourced and purportedly savvier big banks.
Community Banking

Next ICBA Chair Wants Broad Cyber Regs — for Other Industries
Jack Hartings is a vocal proponent of reduced regulation for small banks. But the CEO of Peoples Bank in Ohio wants Washington to force other industries to share the burden of improving cybersecurity and cleaning up after breaches.
Community Banking
See all Bank Technology News
Disruptors
MasterCard Works with Egypt's Government to Modernize Mobile Money
Mobile technology has enabled financial services in a number of African countries, and MasterCard is working to expand this model by tying it directly to a national identity program in Egypt.  read more »

GALLERIES

8 Things Apple Pay Left Out
« »

Apple's long-anticipated move into mobile payments seemed to cover all the bases -- Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

(Image: Bloomberg News)

Multimedia
Top 10 Community Bank IT Projects
In Pictures
'Launderers Will Keep Having Field Days': Comments of the Week
MOST READ
MOST EMAILED
Already a subscriber? Log in here
Please note you must now log in with your email address and password.