Collaboration to create an innovative engine for consumer banking solutions
March 31, 2008
The MIT Media Laboratory and Bank of America today announced the creation of the Center for Future Banking, a five-year collaboration to which Bank of America has committed $3-5 million annually.
“Bank of America is investing in the future of banking. Working […]

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By JEANNINE AVERSA AP Economics Writer
AP Economics Writer
It’s a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.
Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of uber cop in charge of financial market […]

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By EMILY FREDRIX, AP Business WriterThu Feb 7, 7:41 AM ET

Online banking service provider CheckFree Corp. is rolling out technology that could mean consumers will no longer have to go to a bank branch to deposit checks.
Called Remote Deposit Capture, the technology lets people scan checks through their home […]

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The retailer is pushing savings accounts for low-income customers.
By Carolyn Whelan
(Fortune Magazine) — For years, Wal-Mart tried to enter the U.S. banking business, but it gave up in 2007, pulling its application after endless outcries from domestic retail banks. Now it’s found a more receptive audience south of the border. In November, Wal-Mart de México […]

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November 13, 2007: 05:52 PM EST
(Updates with more information on branch expansion and store traffic)
MEXICO CITY -(Dow Jones)- Mexico’s largest retailer, Wal-Mart de Mexico ( WALMEX.MX), still expects its recently launched banking unit to start making a profit in 2011 as it invests heavily in technology and branches over the […]

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Thursday November 1, 5:17 pm ET

–New Technology Gives Customers Immediate Access to Their Card upon Opening an Account–
PORTLAND, Maine–(BUSINESS WIRE)–Thanks to new technology that TD Banknorth is piloting in dozens of […]

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October 30, 2007 at 11:35 pm by Banking Unwired Online banking is in a precarious position these days. The Web-based, rich internet application revolution of Web 2.0 is here to stay, while online banking remains stuck in decade-old technology. It lags far behind even more traditional mainstream Web applications in interaction design, speed, ease of […]

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By TONY ADAMS
It’s been contemplated casually for years, scrutinized seriously for months and studied formally by a special committee since late July. Now, it appears, Synovus Financial Corp. is poised this week to cut the proverbial apron strings from a credit-card processing offspring that has grown from $15 million in revenue at its publicly traded […]

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Automated in-store solution accelerates access to cash and improves liquidity
CHARLOTTE, N.C., Oct. 22 /PRNewswire/ — Bank of America, the leading cash management provider in the U.S., announced today that the national restaurant chain Chick-fil-A, Inc. is piloting a revolutionary Bank of America technology that will automate and simplify cash handling for retailers and give them […]

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Going on auto pilot with bills can save you money, but consumers still need to pay attention.
By Simone Baribeau | Correspondent of The Christian Science Monitor
Ahandwritten check in a stamped envelope is still the most common method Americans use to pay their monthly bills. But automatic […]

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