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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Video: Why Bankers Are Struggling to Innovate


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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Regulators have reacted as expected, but large banks say they’re not vulnerable to the security flaw. Nonetheless, security questions remain.

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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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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Image: Thinkstock
Concern about large-scale ATM fraud and denial-of-service attacks prompted regulators to issue two new alerts warning of various scams and outlining steps banks can take to prevent them.

Image: Thinkstock
Online and mobile banking have forever transformed the way people bank, but the digital evolution has a dark side: it is increasingly creating new opportunities for fraudsters to hack into accounts.
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The future of the branch is anyone's guess, but one thing is for sure: RIP teller lines. The new teller-line free branch concepts require staff members to better deliver a brand experience that includes demoing new mobile app features to signing a customer up on a new product.
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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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