For at least the second time this spring, divisions of the Royal Bank of Scotland Group were affected by a mobile banking outage caused by an IT glitch.
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
The new notes are designed largely to deter counterfeiters. The Fed expects to have about $3.6 billion of the new bills on hand by October and expects to replace about half the bills in circulation by late 2014.
Updates to DeviceAnywhere Enterprise are designed to simplify the mobile testing process.
Fidelity National Financial dominates mortgage underwriting. Its former LPS unit is the top mortgage servicer. The question is whether two companies that have run out of room to grow separately can prosper together.
Technology and compliance firm Compushare has released software meant to improve the security of mobile devices.
Centier Bank in Whiting, Ind., has begun using a card-issuance system from EFT Source, a provider of turnkey card programs.
Online lenders threaten to seize dominant control of the market for small loans to small business.
Many bankers remain undecided about what personal finance management features to add for smartphones. One thing they do agree on: What works on desktop computers won't fly for mobile.
The death of branches appears to be greatly exaggerated, but they are changing. American Banker editors discuss how two banks that are leading the way, Wells Fargo and Umpqua, are downsizing and rejiggering their bricks and mortar presence.
Mortgage processor Lender Processing Services is reportedly in talks to be acquired by title insurer Fidelity National Financial and private equity firm Thomas H. Lee Partners in a $2.9 billion deal.
MainStreet Bank in Fairfax, Va., is offering Oklahoma banks serving communities affected by this weeks tornadoes access to a service that makes it easier to accept donations.
Wells Fargo has begun issuing WellsOne commercial cards that comply with Europay, MasterCard and Visa, or EMV, specifications, and include an embedded microprocessor chip along with a traditional magnetic stripe, it said Wednesday.
eBay Inc. said PayPal will be available in 2 million retail stores this year as it takes on Square Inc. and Intuit Inc. in the market for mobile payments.
The Bitcoin2013 conference attracted a mix of businesspeople in suits and entrepreneurs in jeans and untucked shirts. All were excited about the technology's potential to disrupt the payments business specifically micropayments, international remittances and charitable giving. For merchants, Bitcoin offers faster and cheaper payments than incumbent systems. The U.S. government's recent crackdown on Mt. Gox, the world's largest Bitcoin exchange, failed to cast a pall over the event.