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A growing number of financial companies are trying to foster creativity with in-house innovation labs. Some banks have facilities where employees can dream up, plan, execute and get feedback on new products and processes; some even field-test the concepts at branches to see how customers react.
February 4 -
Big banks are starting to open the tech-spending spigot, but times are tight for their smaller peers. This is a significant shift from a year ago, when the top financial companies were driving a global economic slump but many community banks (at least ones that had refrained from risky mortgage lending) continued to invest in their technology infrastructure.
February 3 -
Fidelity National Information Services Inc. has hired Neil Marcous as president of its NYCE Payments Network LLC unit and head of its Payment Network Solutions business.
February 3 -
The consumer electronics retailer Best Buy Co., in partnership with Tio Networks, has deployed self-service bill-payment kiosks in stores in four cities as part of a test to determine whether they encourage foot traffic.
February 3 -
Diebold Inc. is planning to restructure its North American operations following flat sales of automated teller machines that drove down fourth-quarter and yearend revenue.
February 3 -
The Clearing House Payments Co. LLC has hired Paul Saltzman as its general counsel to succeed Norm Nelson, who has retired.
February 3 -
The NFC chip maker Inside Contactless is expected to announce today that it is making an open source version of its programming interface available to other developers.
February 2 -
Accused ATM scammer had $100G in his car at time of arrest; newspaper profile on hacker in China; scareware and ransomware distributors upping the ante; and more.
February 2 -
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U.S. financial companies may be overestimating the technical hurdles of adopting the EMV Integrated Circuit Card Specifications, according to payments executives.
February 1 -
Banks have been slow to leverage small-business analytics, but Synovus is cashing in on a fresh intelligence trend.
February 1 -
HSBC Holdings PLC's plans to issue smart credit cards in the Asia-Pacific region that comply with the EMV Integrated Circuit Card Specifications could boost adoption of the security format in most markets, except the U.S., observers said.
January 29 -
Network International LLC has agreed to offer its merchant clients in the United Arab Emirates a foreign exchange payment service from Planet Payment Inc.
January 29 -
Filling out tax forms has long been a labor-intensive chore, but some vendors are now connecting personal financial management software to automated tax-preparation applications.
January 29 -
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The hardware works, and consumers worldwide think it's a cool idea. Still, near-field communication chips have made about zero progress morphing mobile phones into contactless payment tools.
January 28 -
Fifth Third Processing Solutions LLC said Thursday that five banks have agreed to use its processing services.
January 28 -
Fiserv Inc. said Thursday that Mutual of Omaha Bank has implemented 11 Fiserv systems, including online banking and bill pay.
January 28
