online banking

Wells Fargo is encouraging its student customers to take care of the security of their personal and financial information to minimize the risks of fraud and identity theft.

According to the stats by Javelin Strategy & Research (2010) people aged 18 to 24 detect fraud in twice as many days as other age groups, which makes them fraud victims for longer periods.

Mazooma announced the introduction of its new micropay-in-a-box solution that features as much as a 71% reduction in merchant fees for digital content merchants.

Micropay-in-a-box solution is available for Discover’s direct merchants using the Centinel® Universal Merchant Platform through CardinalCommerce Corporation.

Barclaycard is launching a new mobile banking service as a part of their online servicing platform mybarclaycard.

With the new offering which can be accessed across different mobile phone models Barclaycard customers cab log into their accounts, check their balance and view payment or transaction history at any time by simply accessing the site through their mobile browser. Besides, the site integrates with the Barclaycard Freedom loyalty scheme to provide access to the latest offers from nearby retailers, using the latest geo-location technology.

According to the finding of Seculert there is a new combination of two pieces of advanced online banking malware circulating on the Internet now. The virus appears to be a beta version of a piece of malware that has bits of both Zeus and SpyEye, says Aviv Raff, CTO and cofounder of Seculert.

Micronotes released a partner-developed application KulaMula for the Yodlee FinApp StoreTM. Customers can download the application for free. KulaMula connects leading brands with online banking consumers to deliver highly customized offers based on previous purchasing patterns and user input. Featured offers include electronics, consumer goods, automobiles, and lifestyle products and services.

Keynote Competitive Research, the industry analysis group of Keynote Systems, released its Q4 2010 Scorecards for Financial Services, Banking Edition (“Scorecard”). The research evaluates 25 large and regional banks against more than 300 of the most relevant criteria remaining the most authoritative study of customer experience best practices in online banking and sales.

Chinese customers of Shanghai Pudong Development Bank (SPD Bank) will soon be able to use Account-Based Money Transfer services provided by the Western Union Company.

Wells Fargo & Company has launched its first combined online banking and online statement sweepstakes which runs through December 15, 2010.

Customers of Wells Fargo and Wachovia who sign up for online banking; sign into their online banking session; and/or switch their statement delivery from paper to online only during the promotion period are automatically entered for a chance to win the grand prize of $50,000 or one of fifty prizes of $1,000.

First Data signed a referral agreement with Laru Crop to provide its FundsXpress business online banking customers with enhanced automated clearing house (ACH) fraud prevention solution helping thus more easily comply with new industry requirements.

Laru creates ACH risk management, compliance and fraud detection and prevention applications for financial institutions. With the long-term, renewable agreement First Data takes to a higher level its business online banking risk management capabilities, making another layer of protection available through Laru's ACH Clarity product.

A global provider of financial services Fiserv announced the upgrade of its Virtual Brach, an online banking suite developed specifically for credit unions.

"With Virtual Branch, we have been able to capture new opportunities and offer more to our members as the online channel has evolved and become more prominent. It's great to have a partner like Fiserv, who we can rely on to invest in the tools and technologies our business needs most," said Gary Hinrichs, chief executive officer for West Community Credit Union.

SafetyPay™ is formally entering the US market via the introduction of its retail pilot program. To date the company has been established in different countries across Europe and Latin America while having accessed over 90 million bank customers worldwide.

SafetyPay has partnered with more than 22 prominent international banks such as Santander, ScotiaBank and BBVA/Bancomer, and more than 2,000 international retailers such as Nike and Sears.

Bank of America has introduced a new service dubbed as eBanking to allow customers to bank via electronic channels and receive statement on the Internet. Consumers who make deposits and withdrawals via eBanking as well as receive statements online will not have to pay monthly fee irrespective of their account balance or number of transactions in a given month. Otherwise, the customer pays for the value of the account through an $8.95 monthly maintenance fee.

A global provider of financial services solutions Fiserv Inc announced that The Westpac Group has selected online consumer, business banking and corporate services from Fiserv to power the bank’s Online Transformation Program. Westpac has chosen Corillian® Online and Voyager® banking solutions from Fiserv to serve retail banking customers, small and medium-sized businesses, and corporate customers across its unique brands.

 According to the recent global survey conducted by KPMG, Chinese people use their cell phones to get into the Internet. Being more specific, 77% of Chinese people use their mobile devices to carry out financial transactions, and 44% for retail transactions, while in India 38% are using them to shop, and 43% for financial business.

One and a half year ago the company conducted the similar survey. Now having compared the statistics it was found that the number of people using mobile phones for online transactions increased from 19% to 46%.

Fiserv, Inc. has officially launched its ZashPay(SM), a new person-to-person (P2P) payments service enabling users to send or receive money using their existing online banking accounts. To send money with ZashPay to the US residents the users need the recipient's name and e-mail address or mobile phone number only. Money will be deducted directly from the sender's banking account and transferred to the account of the recipient. All the transactions are as safe as the conventional online banking operations.