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November 16, 2012
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News for the retail banking industry

  Top Story 
  Retail Banking Roundup 
The leading floorplan management software just got better
The latest release of DataScan's Wholesale Management System (WMS) 4.X, the industry standard for commercial floorplan lending, is now better than ever. WMS now includes a Business Process Management engine to manage workflow and documents. Other enhancements include configurable dashboards and a more robust reporting tool. Request a demo today.
  Emerging Channels 
  • Report: Mobile payments will hit $1T in 5 years
    By 2017, worldwide purchases made via mobile devices will reach $1 trillion, according to IDC Financial Insights research. Financial institutions stand to benefit because most mobile payments will be made with traditional card products, IDC says. Adoption of the technology could take off more quickly if banks, merchants and telecom providers could agree on a standard payment model. (free registration) (11/15) LinkedInFacebookTwitterEmail this Story
  • Square processing $10B in payments annually, founder says
    Square's Jack Dorsey recently tweeted that his electronic payments company is processing $10 billion in payments annually. "[I]f any milestone was worth humblebragging about, this one is it. A year ago, Square was processing $2 billion in payments per year," Chris Taylor writes. Mashable (11/14) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • Next stress tests include global slump, recession scenarios
    Hypothetical economic conditions that include a severe U.S. recession and a financial slump in China are included in the Federal Reserve's latest stress tests of banks. There is "really no curveball thrown to the banks from the Fed here," said Walter Young, a director with Deloitte, about the scenarios released Thursday. Reuters (11/15) LinkedInFacebookTwitterEmail this Story
  • CEOs fret over "fiscal cliff," but consumers don't, Sloan says
    In addressing businesses' reaction to the "fiscal cliff," Wells Fargo Chief Financial Officer Tim Sloan said at an investor conference, "There's no question that the uncertainty creates some sort of a pall on the overall economic growth and therefore on our business." Consumer spending, however, continues to rise, in part as a result of the housing recovery, he said. Reuters (11/14) LinkedInFacebookTwitterEmail this Story
  Regulatory Report 
  • FDIC chairman and vice chairman gain confirmation
    The Federal Deposit Insurance Corp. officially has a chairman and a vice chairman, after the Senate confirmed Martin Gruenberg and Thomas Hoenig, respectively. Republicans had held up final action so Mitt Romney could fill the positions if he became president. The Washington Post (11/15) LinkedInFacebookTwitterEmail this Story
  • Banking standards should be loftier than rules, official says
    Comptroller of the Currency Thomas Curry wants banks to adhere to higher standards of conduct in terms of risk management and corporate governance that go beyond Basel III capital requirements and the Volcker rule. "There's a balance here between the rulebook versus the art and the judgment of supervision, and this falls into the category of supervisory judgment," Curry said. Bloomberg (11/15) LinkedInFacebookTwitterEmail this Story
  Legislative Affairs 
  • Cyberscurity bill fails Senate hurdle
    For a second time, the Senate voted down a cybersecurity measure aimed at protecting the nation's infrastructure and making it easier for businesses and the government to share information on cyberattacks. Sen. Saxby Chambliss, R-Ga., says businesses didn't support the bill because it didn't give them protections they needed. At least 10 banks recently have been hit with cyberattacks. (free registration) (11/15) LinkedInFacebookTwitterEmail this Story
  Career Development 
  • How to teach your workers to be more upbeat
    Jason Selk taught mental toughness to the St. Louis Cardinals, and argues his successes show the importance of teaching your team to be optimistic and upbeat about their potential. "Optimism isn't just an innate temperament trait -- it's also a skill that can be learned," he writes. SmartBrief/SmartBlog on Leadership (11/14) LinkedInFacebookTwitterEmail this Story
  CBA Connect 
  • CBA's Banking on Youth Competition -- Call for Sponsors
    Now is your chance to join fellow bankers to support the 2013 Banking on Youth Competition. The program's inaugural year was a great success with 13 sponsoring banks and more than 170 entries from youth teams across 33 states. Sponsorship opportunities for 2013 are still available, ranging from $3,000 to $40,000. Visit our website and learn how you can support this growing competition and connect with America's young entrepreneurs to build sustainable ventures. Contact CBA for more information. LinkedInFacebookTwitterEmail this Story

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One thing I am convinced more and more is true and that is this: The only way to be truly happy is to make others happy. When you realize that and take advantage of the fact, everything is made perfect."
--William Carlos Williams,
American poet and physician

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