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Archive for the ‘Banking News’ Category

Fiserv Announces Revenue Expansion Solution for Banks and Credit Unions

08.30.2010 · Posted in Banking News

Fiserv, Inc., a global leader of technology software solutions to the financial services industry, today announced a new Revenue Expansion Program which is a type of road-map solution designed to offer help to banks and credit unions that are affected by the new financial regulation: Regulation E. In November of last year, the Federal Reserve put out ...

Complex Community Federal Credit Union Chooses Account Processing Software Portico from Fiserv

08.24.2010 · Posted in Banking News

Fiserv, Inc., one of the worldwide leaders in offering technology solutions to financial institutions, today announced that Complex Community Federal Credit Union, based out of Odessa, Texas, has agreed to utilize Fiserv’s Portico an account processing application. Complex Community Federal Credit Union will be outsourcing their entire technology operations to Fiserv, moving it from in-house ...

Visa and Bank of America Launching Contactless Mobile Payment in September 2010

08.20.2010 · Posted in Banking News, Mobile Payment News

Bank of America, the largest financial institution in the United States, and Visa, the largest payment processor in the world, has plans to start test pilot program next month in New York for Near Field Communication (NFC) mobile contactless payments that will allow consumers to utilize their mobile phone to purchase goods and services at ...

Regions Bank Introduces YourPix Studio Personalized CheckCards

08.18.2010 · Posted in Banking News

Regions Bank, a financial institution with more than $134 billion in assets, and one of the largest providers of commercial and consumer banking services in the United States, has launched a new product called Regions YourPix Studio® which offers businesses and consumers in the U.S. the ability to personalize their Regions Visa CheckCard. Everybody is ...

Fiserv Announced KeyBank to use Mobile Banking Services via Mobile Money for their Customers

08.11.2010 · Posted in Banking News

Fiserv, Inc., a worldwide leader of financial services technology products to banks and financial institutions announced that KeyBank, a bank based out of Cleveland, Ohio with more than 95 billion in assets that they manage, will offer all of their customers the opportunity to utilize Fiserv’s mobile banking solution via Mobile Money. It is said ...

U.S. Bank Launches Electronic Expense Management Tool for Mid-Sized Businesses

08.09.2010 · Posted in Banking News

U.S. Bank, a unit of U.S. Bancorp, the 5th largest bank in America with more than 280 billion in assets, today launched an electronic expense management reporting tool for medium-sized businesses that enables them to manage their travel expenses online by equipping them with the tools needed to better manage and track their spending patterns ...

State Farm Bank Offers Consumer Remote Deposit Capture Service for Mobile Phone: iPhone

The first bank to offer consumer remote deposit capture services allowing smartphones to deposit checks is in the U.S. was USAA Federal Savings Bank. Then last month JP Morgan Chase released an iPhone app for their customers to deposit checks remotely without having to head over to a bank branch. Now State Farm Bank has ...

RBS Sells WorldPay for $3 Billion Deal with Advent International and Bain Capital

08.06.2010 · Posted in Banking News, Payment Processing

According to Reuters news just recently release within the past hour today, the Royal Bank of Scotland (RBS) has sold majority stake, 80 percent ownership of its merchant services business, WorldPay, to Bain Capital and Advent International value at more than 2 billion pounds or $3.23 billion USD. This is one of the restructuring plans ...

NatWest Bank is Dropping out of O2 Money Partnership with Telefónica O2

08.01.2010 · Posted in Banking News, Mobile Payment News

According to NFC Times, NatWest Bank and mobile phone operator Telefónica O2 will be ending the partnership between the two parties involving previous partnership deals for Near Field Communication (NFC) mobile payments (O2 Money) and prepaid payment cards. Right now, Telefónica O2, a wireless carrier in the United Kingdom, is looking for new partnership to ...

Global Finance Names Wells Fargo Best Consumer Internet Bank in United States for Second Straight Year

07.29.2010 · Posted in Banking News

Wells Fargo has been named the best internet bank in the United States for two years in a row by Global Finance when several banks were compared during a consumer Internet Bank competition. The consumer category in which Wells Fargo fared better than its competitors were: for having the best internet web site design in ...