BankNews April 2015

Search Results: Bill

ICBA Statement on Draft Senate Bill to Ease Excessive Regulations on Community Banks and Consumers

May 18 – Independent Community Bankers of America (ICBA) President and CEO Camden R. Fine has released the following statement following Senate Banking Committee Chairman Richard Shelby’s (R-Ala.) release of draft legislation to reduce the negative impact of excessive regulations on community banks and the customers and communities they serve.


EMVCo Reports 3.4 Billion EMV Chip Payment Cards in Global Circulation

May 8 – Official figures for Q4 2014 released by the global technical body EMVCo show that significant advances are being made globally in the adoption of EMV® chip technology. By the end of last year, the number of EMV payment cards in circulation rose by 1 billion, up 43%, to 3.4 billion, from 2.37 billion in Q4 2013.


Mobile Visits, Bill Payments Up at Biller Websites, Yet Most Lack Mobile Bill Pay Strategy

March 30 – According to research commissioned by Fiserv, Inc., a leading global provider of financial services technology solutions, there has been substantial growth in mobile bill pay offerings and usage over the past year. Almost one in five visits to a biller’s website come from a mobile device – a 55 percent increase over 2013. Of those visits, bill payment is the number one consumer activity. Despite the growing use of the mobile channel, only 16 percent of billers have implemented a mobile bill pay and presentment (MBPP) strategy.


Billions Stolen from 12.7 Million Identity Fraud Victims in 2014

March 27 – The 2015 Identity Fraud Study by Javelin Strategy & Research reveals that 2014 was a mixed year in the fight against identity fraud, with some advances and some setbacks. The study found that fraudsters stole $16 billion from 12.7 million U.S. consumers last year.


Federal Reserve Reports Nearly 100 Billion Dollars in Annual Earnings

March 20 – The Federal Reserve System has released the 2014 combined annual financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, Maiden Lane LLC, and the Board of Governors. These financial statements are audited annually by an independent auditing firm and, consistent with prior years, received unmodified audit opinions for 2014. (more…)

$8 Billion Annual Savings Opportunity for U.S. Healthcare With Adoption of Electronic Business Transactions

March 18 – U.S. healthcare could save $8 billion annually by transitioning six routine business transactions from manual to electronic, according to the newly published 2014 CAQH Index. The CAQH Index tracks progress from manual (e.g., via phone, fax or mail) to industry standardized (HIPAA) electronic administrative transactions between health plans and healthcare providers. This annual report, the second from CAQH, details adoption rates and potential savings.


Assets Reach $1 Billion at First Internet Bank

March 13 – First Internet Bank of Indiana, a premier provider of online banking services nationwide, has exceeded $1 billion in assets.


More Than 2.3 Billion Chip-Based Payments Cards Now in Circulation Globally

February 23 – SmartMetric, Inc., figures released by standards body EMVCo demonstrate continued adoption of EMV chip technology with 2.37 billion EMV payment cards in circulation and 36.9 million EMV terminals active worldwide. Credit and debit cards with chips used to add greater security now dominate the payments card industry.


ProfitStars’ iPay Solutions First to Implement NACHA’s Bill Payment Exception Program

February 5 – Jack Henry & Associates, Inc., is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ProfitStars division has announced that iPay Solutions is offering payments with the NACHA Bill Payment Exception (BPE) Mitigation Opt-In Program. NACHA — The Electronic Payments Association, developed the program to improve the reliability of online banking bill pay and reduce checks issued in association with bill pay exceptions. The result will improve efficiency both for billers and bill pay originators.


Global Smartphone Shipments Exceeded 1.2 Billion in 2014

January 29 – Leading mobile analyst firm Juniper Research estimates that the number of smartphone shipments exceeded 375m in Q4 2014, with an annual total of over 1.2 billion smartphones shipped for 2014, representing a 29% y-o-y growth.


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