Latest Retail banking News: Finextra Research

Euronet inks Indian ATM outsourcing deal

India's Centurion Bank has signed a multi-year outsourcing contract with Euronet Worldwide for the maintenance of its national network of 152 ATMs.

18 February 2005

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ChoicePoint customer data stolen by fraudsters

US credit data firm ChoicePoint says a gang of criminals posing as businessmen managed to gain access to the personal data records of around 145,000 consumers.

17 February 2005

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Bank of America moves to two-factor authentication

Bank of America is working with digital security firm VeriSign to introduce strong two-factor authentication across its network.

17 February 2005

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Diamonds are a girl's best friend: online shopping soars for Valentine's Day

US consumers spent $3.9 billion on online purchases for Valentine's Day this year, a 30% increase from 2004, according to research from digital certification outfit VeriSign.

17 February 2005

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RBC teams with Starbucks to issue re-loadable credit/loyalty card

International coffee chain Starbucks is teaming with Royal Bank of Canada to launch a hybrid Visa bank card and re-loadable Starbucks card.

16 February 2005

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Vasco Q4 profit falls short of expectations

Shares in authentication technology supplier Vasco have slipped as the company posts fourth quarter earnings below market expectations.

16 February 2005

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Regulators issue outsourcing guidance

Securities and banking industry regulators have spelled out the risks involved in outsourcing and issued a set of core principles for financial firms to follow when moving business out of house.

16 February 2005

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Citibank adds on-screen keyboard to Web banking site

Citibank has added an on-screen keyboard to its Internet banking service in the UK in a bid to protect customers against fraudsters that use key-logging programs to steal bank account details and passwords.

16 February 2005

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CSC to provide card processing technology to Sinsys

Computer Sciences Corporation (CSC) is to provide bespoke IT applications and services, based on its Cams II technology, to financial firms signing up to Sinsys, the pan-European card processing utility set up in 2003 by Banksys of Belgium, Interpay of the Netherlands and Italy's Società per i Servizi (SSB).

16 February 2005

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BT wins £500m Barclays IP network deal

Britain's Barclays Bank has signed a seven-year contract, worth around £500m, with BT for the provision of a secure IP-based voice and data network for its UK operations.

15 February 2005

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Resona to fight fraud with customer cut-off time for ATMs

Japanese banking group Resona is to allow its customers to designate specific times for ATM use and block cash withdrawals at all other times in a bid to cut cash machine fraud.

15 February 2005

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Diebold cracks Icelandic ATM market

An ATM application developed using Diebold's Agilis Power tool kit has been installed across NCR units operated by Icelandic banks Landsbanki, Kauphthing Bank, Islandsbanki and the Savings Bank Datacenter, giving the US-based vendor its first crack at the market.

15 February 2005

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