Bank takes app to iPhone, Android
TD Bank revealed its mobile application is now available to download onto iPhone and Android devices, reports iStock Analyst.
Customers can download the application from iTunes App Store, or the Android market.
They can also use the mobile banking application to find stores and ATMs, check deposit, loan and credit card balances, view pending transactions and account history, transfer funds and make bill payments.
High-performance banking tech completed
Microsoft and Temenos, provider of banking software, have measured the high-end scalability of Temenos T24 on Microsoft SQL Server 2008 R2 and Windows Server 2008 R2 Datacentre, states AdvertiserTalk.
The testing environment, created to reflect real-world retail banking activity volumes, was made up of 25 million accounts and 15 million customers across 2 000 branches.
At peak performance, the system processed more than 3 400 transactions per second in online testing and averaged over 5 200 interest accrual and capitalisations per second during close of business processing.
Tech companies lobby for tax holiday
Although US technology companies are cash-rich, much of their money is stowed abroad and they risk a hefty tax bill if they bring profits from overseas back home, notes Bloomberg BusinessWeek.
They have joined other US businesses in lobbying for a tax holiday for repatriated earnings, but with no prospects of success in the near term, they're looking for something to do with that money.
"We should see more tech cross-border acquisitions because of the cash trapped abroad," says Drew Guevara, who runs Morgan Stanley's West Coast technology investment banking group in California.
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