Most banks' websites are believed to be free of the much-publicized security flaw, but network devices, servers, mainframes and mobile apps could still be at risk.


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Video: Why Bankers Are Struggling to Innovate


Banks are aiming to add personal financial management features, including goal-based savings vaults and cash flow forecasting, to standard banking apps like mobile check depositing. Their goal: Turn Gen-Y into a loyal client base.
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Wal-Mart's new "Walmart-2-Walmart" transfer service will enable consumers to send money to each other by using the retail chain's store network.

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The cutting-edge bank — it already offers smart watch apps — is testing the technology on its employees' mobile devices and, if all goes well, it plans to roll it out to its customers by late summer.
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David Tente, the executive director of ATMIA
The ATM Industry Association is examining ways the machines can be used to better reach lower-income consumers. Sending money to someone, paying bills, and loading a portion of a check onto a prepaid card are among the types of transactions the group is envisioning can take place through ATMs.
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The country's biggest bank reported a 19% drop in net income for the first quarter, highlighting how much the lackluster economy and mounting regulations have cut into banks' ability to grow profits.
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Regulators have reacted as expected, but large banks say they’re not vulnerable to the security flaw. Nonetheless, security questions remain.

More companies are accepting "altcoins" such as Litecoin and Dogecoin in addition to the more common Bitcoin, showing that even silly currencies based on Internet memes can open merchants to new markets of consumers.

Armed with $19 billion in fresh capital, the loyalty vendor is planning a major expansion at a time when small banks and credit unions are eager to beef up their debit rewards programs.

As the bells toll for Windows XP today, millions of computers used for online banking will no longer receive security updates. Microsoft has warned users that a failure to upgrade could expose them to fraud, but some observers say the concerns are overblown.
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Cost concerns, regulations and restrictions on working with vendors are a few of the reasons bankers are having a tough time embracing new technology, according to American Banker readers.
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5 Ways Financial Service Companies Are Using Customer Photos

A picture is worth a thousand words - even in financial services. In the wake of the success banks have had offering mobile check deposit, banks and startups are finding reasons to allow people to submit other types of images through mobile apps. Here are five companies that are encouraging customers to snap that receipt, financial narrative or bill. The art helps customers do banking tasks quicker; the companies get their claws into more customer data. (Image: Thinkstock)

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