To obtain approval and funding for security improvements, bank technologists have to make their case by pointing to losses from recent security breaches. But calculating those losses can be tricky.

The banks involved in Apple's mobile payment platform cite the enhanced security, intuitive user experience and brand name. Even if they sacrifice fees, they could make it up on volume.

Within the past 12 months, one large retailer after another has fallen victim to a massive data breach. But at least the pilfered data is getting harder for thieves to monetize.

As cyberattacks against banks escalate — with 93% of banks worldwide reporting they've been hit — Bremer Bank in Minnesota ramps up its defenses.
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First National Bank of Omaha is preparing to host its second hackathon to foster new ideas — and relationships with coders who could end up working from the bank.

The Federal Reserve is making clear that the status quo, in which U.S. electronic payments take days to complete, is not going to hold, an industry analyst says.

Worried that the Federal Reserve will start raising interest rates next year, many banks are reconsidering their strategies for attracting and keeping deposits — and turning to analytics software to help.

Storing sensitive material on the Internet makes it a target for hackers, but the password gaming that appears to have been behind the theft of celebrities' photos could happen to any server, on or off the cloud.
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Image: Bloomberg News
Although bankers are (hopefully) less likely to store compromising selfies in the cloud, the infiltration of celebrities' iCloud accounts illustrates the danger of saving anything with a consumer-oriented cloud service.
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For Apple, the timing couldn't be worse to launch a mobile wallet.
See all Bank Technology News
Apple's long-anticipated move into mobile payments seemed to cover all the bases — Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.  read more »
Top 8 Tweets from the Digital Banking Summit

Financial services technologists discussed the innovations and trends transforming the industry at last week's Digital Banking Summit in Los Angeles. Here are eight tweets that capture the key themes from the three-day fintech confab.

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