1776 articles tagged with this keyword
News/Research/analysis
Nearly two thirds of all US consumer payments are now made electronically as Americans increasingly turn away from cash and cheques, according to research from BAI and Hitachi Consulting.
06 October 2008
UK consumers have little faith in the ability of banks and retailers to look after confidential information, with 90% saying they don't think the personal data held by companies is completely secure.
The UK's financial services sector will cut back on technology spending over the next year as firms move to tighten their belts during the economic turmoil, according to a survey by the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC).
02 October 2008
Industry losses from online banking fraud increased a massive 185% in the first half of the year to £21.4 million, according to figures released by UK payments association Apacs.
01 October 2008
The increasing popularity of online payment providers like PayPal and Amazon Checkout, combined with the emergence of mobile commerce, threatens to leave banks lagging in the e-commerce world, according to Cisco.
29 September 2008
UK payments association Apacs is warning of a rise in the number of 'money mule' recruitment adverts, where criminals attempt to lure bank account holders into illegally transferring funds across borders.
26 September 2008
The bankruptcy of Lehman Brothers and acquisition of Merrill Lynch by Bank of America will contribute to a fall of nearly 15% in IT spending by the securities industry in North America next year, according to Tabb Group.
19 September 2008
Despite the fact that over 90% of Americans that own contactless payments cards like using them, three quarters of the population are not even aware of the technology's existence, according to a survey commissioned by the Smart Card Alliance.
17 September 2008
From a technology perspective, the US securities industry has shrunk by around six per cent in recent days following Lehman Brothers' bankruptcy and the acquisition of Merrill Lynch by Bank of America, according to analysis by Financial Insights.
Retail banks are failing to embrace Web 2.0 technologies like mashups, Rich Internet Applications and widgets due to security fears and concerns about losing control of their content, according to analyst house Datamonitor.
11 September 2008
Researchers have compromised the security of over 1000 US bank branches in a series of physical and virtual heists that involved "stealing" the personal data of bank customers.
10 September 2008
Nearly half of US and European financial services firms have cut their technology budgets this year due to the economic crisis, according to a survey from Forrester Research.
09 September 2008
Around three quarters of US customers - 75% - would now consider using mobile banking services if offered, up from 49% in 2006, according to research released by fintech vendor Fiserv.
As business gets ever more competitive, banks in Europe and the Middle east are increasingly looking to invest in customer relationship management (CRM) technology to help differentiate themselves from rivals, according to a survey commissioned by SAP.
04 September 2008
Despite the introduction of the single euro payments area this year, failed cross border transactions are costing European banks EUR21 billion a year, according to Misys.
03 September 2008
Mobile banking is taking off in Norway, with usage in July up 50% compared to the average over the first five months of the year, according to figures from IT services provider EDB Business Partner.
A pilot scheme that allows Londoners to use their mobile phones to pay for tube journeys and make small value purchases has been hailed as a success, with the majority of participants saying they are happy using the contactless system.
02 September 2008
Cybercriminals are targeting online virtual worlds like Second Life and World of Warcraft to steal personal data and launder money, according to Internet security firm McAfee.
29 August 2008
The provision of free online bill payment services to retail banking customers will cost the US financial services industry $1 billion by 2010, according to research from TowerGroup.
27 August 2008
Financial comparison Web sites are misleading customers and often fail to provide the cheapest product available, according to UK consumer association Which? Money.
20 August 2008
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