Security

Employee PC Was the Weak Link in JPMorgan Breach

Employee PC Was the Weak Link in JPMorgan Breach

by August 28, 2014 at 11:56 am 0 comments

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.

Facebook Patent Hints at Future PFM Service

Facebook Patent Hints at Future PFM Service

by August 27, 2014 at 12:01 pm 3 comments

A Facebook patent application uncovered by Bank Innovation looks like the social media giant is working on a PFM app.

Digital Identity Startup Socure Files For $5.6 Million Series A

Digital Identity Startup Socure Files For $5.6 Million Series A

by August 26, 2014 at 11:58 am 0 comments

Socure files for a $5.6 million Series A round, according to SEC documents discovered by Bank Innovation.

VIDEO: Local News Story Highlights Mobile Deposit Anxiety

VIDEO: Local News Story Highlights Mobile Deposit Anxiety

by August 26, 2014 at 11:28 am 1 comment

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

Smaller Banks Not Sweating EMV Liability Shift

Smaller Banks Not Sweating EMV Liability Shift

by August 22, 2014 at 10:50 am 1 comment

Community banks are taking a more “calculated” approach as the EMV liability deadline approaches.

Why IT Needs to Be Part of the Regulatory Compliance Debate

Why IT Needs to Be Part of the Regulatory Compliance Debate

by August 22, 2014 at 10:42 am 0 comments

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.

Fed Looks Overseas for the Future of Payments

Fed Looks Overseas for the Future of Payments

by August 21, 2014 at 11:57 am 0 comments

The Federal Reserve is planning to update the existing payments infrastructure, but face several limitations.

Fed Gives Details of Faster Payments Roadmap, Due This Fall

Fed Gives Details of Faster Payments Roadmap, Due This Fall

by August 20, 2014 at 11:08 am 2 comments

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.

Betterment Focuses On Tech & Accessibility to Revamp Wealth Management

Betterment Focuses On Tech & Accessibility to Revamp Wealth Management

by August 15, 2014 at 2:53 pm 0 comments

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

As Braintree Warms Up to Bitcoin, Startups Like Circle Fight For Innovation

As Braintree Warms Up to Bitcoin, Startups Like Circle Fight For Innovation

by August 15, 2014 at 12:12 pm 1 comment

Behemoths like Braintree are said to be accepting bitcoin in the near future, but startups like Circle are fighting regulators for their lives.

GoBank Finally Eases Up on Deposit Hold Times

GoBank Finally Eases Up on Deposit Hold Times

by August 15, 2014 at 10:12 am 1 comment

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.