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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

These alerts have covered an array of topics with the most prevalent being an apparent current uptick in cyber-related risk. Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. Author: Jenny Roland-Vlach, JRoland-Vlach@jackhenry.com. Participate in industry information sharing forums.

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Mobile Ready

Independent Banker

With mobile banking and mobile payments the financial services topics du jour, vendors are promoting several features and functionalities as “must-have” options, but there are really only a handful that set apart the capabilities of one community bank over another financial institution, according to consultants. By Phil Britt.

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OCC seeks comment on modernizing CRA regulatory framework

CFPB Monitor

For example, the OCC asks whether the current CRA regulations are “clear and easy to understand” and “applied consistently” and whether the current CRA rating system is “objective, fair, and transparent.”.

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CFPB issues plan for review of rules and launches review of overdraft rule

CFPB Monitor

The first rule to be subjected to a 610 Review is the rule adopted by the Federal Reserve Board in 2009 that amended Regulation E (which implements the EFTA) to add a rule limiting the ability of financial institutions to charge overdraft fees for paying ATM and one-time debit card transactions that overdraw a consumer’s account.

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Thoughts on Branch Transformation 2016

Celent Banking

I’m not a big fan of word clouds, but the one below does highlight the breadth of topics involved under the evolving “branch transformation” umbrella. A/B testing on a bank’s web presence can be executed inexpensively and with relative ease. They are joined by digital contact centers and digital ATMs. It’s Complicated.

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Sizzle Or Fizzle: Uber, Bitcoin, Botnets, SWIFT – And The Wells Wallets

PYMNTS

Google is said to begin testing an alternative to logging in with passwords in favor of one that mixes a bunch of things to authenticate the consumer. Here’s perhaps the best quote to date on the topic, courtesy of The New York Times yesterday.

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4 Gonzo Takeaways from BAI Retail Delivery ’15: Viva Las Vegas?

Gonzobanker

Both Barbara and Robert encouraged a hyperfocus on the online channel and Barbara declared an end to fancy MBA language and discouraging meetings to bring in a testing and learning culture of fun. “I Remember that BAI Retail Delivery initially started out as an ATM conference. CRM seemed less of a hot topic.