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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

The modernized branches will have more interactive technology and a layout that will help customers who need longer visits for more complicated issues. “We It will also upgrade 16,000 ATMs with new features like paying with phones and the ability to pay credit card bills. There’s also a plan to install 2,700 new ATMs.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Nevertheless, understanding the technology is crucial. Even if a financial institution isn’t yet using the technology, it can learn from peers.

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Function Over Flash

Independent Banker

What’s necessary or optional with technology is always changing. In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service.

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Function Over Flash

Independent Banker

What’s necessary or optional with technology is always changing. In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service.

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The Revolution Continues

Independent Banker

In 2014, mobile deposit capture technology became a staple for more than 3,000 banks and 33 million Americans. Here are three predictions I see as major trends to look for in the technologies in the next few months. Predicting the future is never an exact science, especially where technology is concerned. By James DeBello.

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Shaping the Message

Independent Banker

Boston native. Lifelong Boston Bruins fan. That’s because some still cling to the outdated idea that community banks may not have all of the first-rate products, services and technology to meet their needs, says Eric Morse, senior vice president of marketing and business development of Needham Bank, a $1.9 Needham, Mass.