Bank technology

July 5
  • Western Union Co. has struck a deal that will make it a competitor, and also a potential partner, for banks trying to capture a bigger chunk of the business payments market.

    July 5
  • Governments are poised to impose a global identification system on the financial industry as well as on main street corporations that use financial markets. The U.S. Treasury's Office of Financial Research is scheduled to do this by July 15 if the industry does not come together to do this themselves.

    July 5
  • Western Union said Tuesday that it is buying the business payments unit of London-based Travelex Holdings for £606, or about $1 billion.

    July 5
  • In an unintended consequence of the newly revised federal rules on cybersecurity, banks are likely to fare much worse in lawsuits over fraud losses.

    July 1
  • In an unintended consequence of the newly revised federal rules on cybersecurity, banks are likely to fare much worse in lawsuits over fraud losses.

    July 1
  • In coming months, financial institutions will have to overcome their own fraud concerns if they are to make good on pledges to roll out the service.

    July 1
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  • The bank has turned its internal customer analytic tools over to small businesses. The expected results: increased customer retention and fee income.

    July 1
  • When network bottlenecks rendered real-time replication impossible, a Minnesota credit union found help in a wide-area network optimization controller.

    July 1
  • Video is proving useful for remote transactions and investment advisory.

    July 1