Advice for those banking institutions still weighing whether to get into the mobile game: Do it. Now.
There are new customers and deposits to gain via mobile, say industry observers. And an added bonus: Mobile customers can prove more profitable than traditional bank customers. These are just two of the trends...
Looking for summer reading?
Just finished a new book, "Late Edition," by one of my favorite writers, Bob Greene. This is a touching, often funny memoir of Greene's days as a newspaper rookie in Columbus, Ohio in the 1960s.
How strongly do consumers embrace electronic bill payments, and do they really want mobile banking as much as industry analysts say they do?
These were the questions on Dennis Simmons' mind when his trade organization, SWACHA, the electronics payments resource, launched a recent survey on consumer usage of...
In the first step of its move toward end-to-end encryption, Heartland Payment Systems (HPY) last week completed the first phase of its pilot project.
Heartland, the sixth biggest payments processor, earlier this year announced that it was hit with a data breach, wherein credit card numbers and debit card...
The Heartland Payment Systems (HPY) data breach came as an unpleasant surprise to many financial institutions and their customers in early 2009. What are the threats we should eye as we look ahead to 2010?
How strongly do consumers embrace electronic bill payments, and do they really want mobile banking as much as industry analysts say they do?
These were the questions on Dennis Simmons' mind when his trade organization, SWACHA, the electronics payments resource, launched a recent survey on consumer usage of...
Texas attorney Richard Coffman was the first to file a class action suit against Heartland Payment Systems (HPY) after its data breach was announced publicly this past January.
In an exclusive interview, Coffman discusses:
The status of legal actions against Heartland;
What's unique about the Heartland...
The TJX Companies, Inc. announced on Tuesday it has settled with a multi-state group of 41 Attorneys General, resolving the states' investigations related to the 2005 breach of TJX's computer system. The breach made headlines, as an estimated 94 million credit card numbers were taken in the hack. The company will pay...
A Tampa, FL-based credit union has notified 56,000 members that their Visa check cards were exposed to fraud as a result of the Heartland Payment Systems (HPY) data breach announced back in January.
Suncoast Schools Federal Credit Union discovered only at the end of May that some of its customers could be in danger...
The Heartland Payment Systems (HPY) data breach came as an unpleasant surprise to many financial institutions and their customers in early 2009. What are the threats we should eye as we look ahead to 2010?
In an exclusive interview, Bryan Sartin of Verizon Business, discusses the company's exhaustive research of...
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution has faced;
Advice for other institutions now getting into mobile banking.
Texas attorney Richard Coffman was the first to file a class action suit against Heartland Payment Systems (HPY) after its data breach was announced publicly this past January.
In an exclusive interview, Coffman discusses:
The status of legal actions against Heartland;
What's unique about the Heartland case;...
The Judicial Panel on Multidistrict Litigation in Louisville, KY on Wednesday issued its decision to consolidate the class action suits brought against Heartland Payment Systems (HPY).
The lawsuits will be heard in the Southern District Court of Texas in Houston by Judge Lee H. Rosenthal. The decision notes that...
According to the 2009 Banking Information Security Today survey, banking institutions - despite the economy - are investing in new banking services, i.e. mobile banking and remote capture.
To gain further insight into spending trends, we spoke with Christine Barry, research director with Aite Group, on:
Mobile...
Doug Brown Discusses Mobile Strategy, New Products, Biometric Security
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution...
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