A major cyberattack thought to have originated in Russia hit JPMorgan Chase and at least four other banks, apparently in mid-August. The attack, according to a U.S. official, was not a mere denial of service attack that shut down the bank’s website for a few hours, but was an actual breach that gained account information and could potentially lead to funds being removed from accounts.
A Facebook patent application uncovered by Bank Innovation looks like the social media giant is working on a PFM app.
Socure files for a $5.6 million Series A round, according to SEC documents discovered by Bank Innovation.
A recent report from Mitek and RemoteDepositCapture.com found that 80% of banks experienced no losses from remote deposite capture. But fears over remote deposit capture remain among consumers
Community banks are taking a more “calculated” approach as the EMV liability deadline approaches.
The ABA’s Frank Keating argues that banks deserve “balanced, nuanced” regulatory compliance that does not upend their economic prospects, particularly for smaller community banks. But that argument rings hollow.
The Federal Reserve is planning to update the existing payments infrastructure, but face several limitations.
The Federal Reserve has been working aggressively to upgrade the U.S. payments system, and will release its roadmap this fall, Bank Innovation has learned.
Brokerage firms have been dealing with their brokers leaving for lesser-known independent funds and startups. What’s behind this migration of talent and money from established, buttoned-up firms to laid-back startups like New York-based Betterment? It may be because the startups know young people, and young people are the future of,Read More
Behemoths like Braintree are said to be accepting bitcoin in the near future, but startups like Circle are fighting regulators for their lives.
GoBank customers are now on a longer leash. The notoriously conservative neobank operated by prepaid pioneer Green Dot Corp. has eased up on its policy of holding mobile check deposits for as long as 10 days.