Tag:
online banking
Latest Headlines
Latest Headlines
New online bank venture aims for better customer experience
Pure online banks never quite materialized as the force many thought they would. But we continue to see some interesting niche plays from start-ups that think they can make the model work.
Consider Simple.com, which has raised $13 million from VCs and recently opened online. The goal of this c
Bank sued overr Zeus trojan-based fraud
There have been several cases of bank customers suing their banks after a breach that resulted in stolen funds.
The case of Global Title and the bank it sued, as covered by KrebsonSecurity , is in some ways is typical of these suits. Global Title, a Northern Virginia-based title compan
Banks enter the Groupon era
In their search for revenue, it was only a matter of time before banks turned to online advertising. The customer online bank statement maybe the ideal place to offer Groupon-like advertisements based on the customer's spending patterns.
The New York Times notes that upstart BillShrink has
Capital One to buy ING Direct, join top ranks of banks
Capital One has moved aggressively into the consumer banking industry over the past few years, gobbling up small to medium-sized bank companies in the South and Northeast and in its home region of Washington DC. And yet we still tend to see it as credit card company, a testament to the staying pow
JPMorgan Chase rushes to open branches; Bank of America does the opposite
Bank of America is in the middle of a 10 percent reduction in the number of bank branches it operates nationwide. Many have applauded the cuts as a sound strategic move in an era of blossoming online and mobile banking.
But JPMorgan is intriguingly taking the opposite approach. According to
Is Cardlytics onto something with online bank statement ads
Cardlytics may have found itself in the sweet spot of a market born of regulatory reform. Recall that Dodd-Frank's Durbin Amendment, the Credit Card Reform Act of 2010 and other laws crimped fees and made rewards programs less justifiable in terms of cost. The result is that banks are hungry for s
Zeus Mitmo highlights online banking security woes
We can debate the issue of mobile banking adoption in the United States all day. Some people think it is exploding. Others think mobile banking is lagging as more people find Internet-banking satisfactory for their needs. But I think we can all agree that banks need to pay attention to mobile secu
Chase offers apology for outage on website
Jamie Dimon, CEO of JPMorgan Chase (NYSE: JPM ), apologized in the wake of the unusually long outage of the Chase online banking site, which affected 16.5 million users . The incident led to quite a bit of customer confusion and anger, prompting the bank to follow up with a memo on its Web
Browser security looms as big issue
We've noted that cybercriminals have increasingly found ways to compromise the bank accounts of small enterprises, many of whom lack the online savvy to thwart the bad guys. What role does the bank play in this? Well, it might surprise you to learn that U.S. banks aren't exactly on the forefront o
Banks vs. billers in online payments
The war rages. In one corner: Billers--the credit card companies and utilities that offer online mechanisms for customer payments. In 2009, 44 million U.S. households used online payment mechanisms provided directly by billers, according to the Online Banking Report, as noted by E-Commerce Times
