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With new channels and services, I've often thought that consumers don't care as much about security as they claim to — but they do care about reliability. So I was surprised to see that Citi blamed a recent payment problem on the coding of its iPad app when the problem has occurred in other channels.
February 10
Arizent -
Contrary to several news reports this morning, the bank says its plan to let people deposit checks by phone in the second half of 2012 is on schedule and that the rumors it will charge fees are false.
February 10 -
New PCI Council Chairman Michael Mitchell, an Amex executive, says the security group's bank members are taking a more proactive approach to security than they have in the past.
February 10 -
Toronto-Dominion Bank is handing over the reins of its ATM fleet to Diebold.
February 10 -
Social networking giant Facebook is already a half-billion dollar payment company. For banks, that presents threats and opportunities.
February 10
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Google Wallet's security again comes under scrutiny, and the card networks step up their offerings in the big security stories in the week through Feb. 9.
February 10
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The bank's iPad app is picking up lots of users and the bank is rapidly updating capabilities. Tracey Weber, the bank's head of internet and mobile banking for North America consumer banking, discusses how people use tablets differently than smartphones, and how that impacts what the bank puts in each venue.
February 9 -
Bank of America customers in upstate New York were issued new debit and credit cards after a third-party breach possibly compromised their information.
February 9 -
Arkelis' messaging hub now runs on Red Hat servers.
February 9 -
Even two years ago, when the first U.S. financial institution committed to issuing secure chip cards, vendors said no one was lined up to follow. But times have quickly changed.
February 9 -
It was a Disney exec that brought Don Kingsborough, now at PayPal, out of retirement to turn one of its theme park shows into a popular toy. Kingsborough's role today is quite similar: turn an unconventional product, in this case PayPal, into a hit in retail stores.
February 9 -
Total System Services says Tinkoff. Credit Systems Bank, of Moscow, has upgraded to the latest version of the TSYS' card and merchant management product, called Prime 4.
February 9 -
Discover Financial Services will invest $10 million over the next five years to pay for high school students to take personal finance courses.
February 8 -
Visa has launched a mobile banking product with Monitise, pitting the card network against major technology vendors.
February 8 -
A new product being pitched to financial institutions from startup SpringCoin uses account aggregation and personal financial management tools combined with credit counseling tips to offer people real-time advice on how to improve their financial performance.
February 8 -
MasterCard, in an effort to improve merchant and consumer comfort with online spending, formed a partnership with Silver Tail to distribute the latter's fraud-fighting analytics to merchants.
February 8 -
By 2016, Javelin expects the total number of U.S. tablet owners to reach 87 million, or 40% of consumers.
February 8
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The largest non-U.S. core banking software provider, Misys, is teaming with Swiss rival Temenos in a deal that should enable the combined company to offer a broad product portfolio.
February 8 -
Banks spend wastefully on information technology, leaving plenty of room for improvement, Oracle's Mark Hurd says.
February 8 -
MasterCard Inc. and software company Silver Tail Systems Inc. announced a partnership that will bring the latter's fraud-fighting analytics to MasterCard merchants.
February 8
