Latest Retail banking News: Finextra Research

Corillian shakes up sales as shares drift down

US online banking software vendor Corillian has lost its senior vice president of sales John Vincze following a run-in with CEO and president Alex Hart over the development of new customer relationships.

10 February 2005

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MasterCard launches SMS fraud alert system

MasterCard has teamed with mBlox, a provider of mobile messaging services, to launch a fraud prevention system that enables banks to use SMS text messages to report suspicious card transactions to customers.

10 February 2005

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Gemplus returns to profit

French smart card manufacturer Gemplus has returned to profit in 2004, driven by growth in wireless markets and financial sector EMV applications.

10 February 2005

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Lloyds TSB creates replica site for novice Web banking customers

UK bank Lloyds TSB is implementing VeriSIM's Web site simulation technology in a bid to drive up user numbers and customer activity on its recently revamped personal banking site.

10 February 2005

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LogicaCMG to hire 1000 staff in India

LogicaCMG is to hire over 1000 staff in India as it bids to grow its outsourcing market share and ramp up software sales to the Indian and South Asian banking community.

10 February 2005

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More Americans switching to the Web for banking

One quarter of adults in the US - 53 million people - now use the Internet to manage their personal finances, 47% higher than at the end of 2002, according to a survey conducted by the Pew Internet and American Life Project which tracks the social impact of the Web.

10 February 2005

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Nokia releases phone shell for contactless payments

Nokia has released a shell for its series 3220 mobile phone that will enable consumers to use the hand set for making contactless payments.

09 February 2005

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Cisco wins Merrill Lynch IP telephony business

Cisco Systems has won a contract with Merrill Lynch to supply and install an IP telephony system to support 14,000 financial advisors across 600 offices worldwide.

09 February 2005

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Vasco buys smart card rival AOS-Hagenuk for EUR5m

Digital security vendor Vasco has agreed to acquire Netherlands-based AOS-Hagenuk, a rival provider of smart card terminals and Internet security technology, for EUR5 million in cash and stock.

09 February 2005

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IBM wins EUR 200m La Caixa IT deal

Spanish banking group La Caixa has signed a five-year contract, worth EUR200 million, with IBM for the redevelopment of its IT infrastructure to support its move towards Java standards.

09 February 2005

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Wells Fargo to roll out Carreker cheque image capture at the branch

US bank Wells Fargo is deploying Carreker Corporation's Source Capture Branch OTC software to enable counter staff across its 3300 branches to capture cheque images.

08 February 2005

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Dolan replaces Kinsella at CR2 helm

Dublin-based retail banking technology vendor has appointed Martin Dolan as chief executive officer, replacing company co-founder Cian Kinsella.

08 February 2005

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