In the wake of a data breach at JPMorgan Chase, the US state of Connecticut has decided to suspend its debit card programme for paying out tax refunds, resorting to paper cheques.
Wells Fargo is to allow customers to load their credit cards on to the telco-backed Isis mobile wallet in the first phase of a pilot test of the technology, which enables consumers to use their handsets to pay, redeem coupons and present loyalty credentials at the point-of-sale.
JPMorgan Chase says hackers have compromised its network, putting the personal information of around 465,000 pre-paid cardholders at risk.
On the day it was fined EUR725 million by the EU for rate rigging, Deutsche Bank has confirmed that it has banned traders from using chat rooms, which have proved a fruitful hunting ground for regulators sniffing out market manipulation.
Barclays, The Royal Bank of Scotland and Citigroup have banned traders from using chat rooms in the wake of a series of scandals over manipulation of bank interest rates, according to the Financial Times.
JPMorgan Chase posted the biggest loyalty gains in 2013 among US national banks thanks to selective investments in mobile technology and more effective marketing, according to research by consultancy house Bain.
The day after JPMorgan got a pasting on Twitter over it's ill-conceived Tweet chat with vice chairman Jimmy Lee, the CEO of the UK's Nationwide has entered the fray, live-tweeting the bank's half-year results and taking questions from journalists.
JPMorgan has cancelled a Twitter Q&A session with vice chairman Jimmy Lee after people jumped on the opportunity to barrage the firm with mocking tweets, insults and nonsense.
Bats Chi-X Europe, the pan-European Recognised Investment Exchange, is in the process of onboarding customers to "BXTR", a suite of on- and off-exchange trade reporting services.
VMTurbo, provider of the only software-defined control system for businesses running mission-critical applications on virtualized and cloud infrastructures, today announced that JPMorgan Chase & Co. inducted VMTurbo into the Hall of Innovation for its technology contributions in their global technology infrastructure.
© Finextra Research 2014