David Heun is an associate editor for technology at American Banker.
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The size of the financial commitments was not disclosed, but they add to a $425 million fundraising round that the data aggregator announced earlier this year.
By David HeunAugust 17 -
Online attacks on travel and other nonfinancial industries grew at a much faster rate in the second quarter than those on financial services companies. Yet hackers pose considerable risk to banks and credit unions, especially in payments.
By David HeunAugust 13 -
The $119 million-asset Ergo Bank in Wisconsin, which is working with the fintech Neocova, says artificial intelligence and modern data management are attainable for even the smallest financial institutions — and essential to competing with larger banks for consumers.
By David HeunAugust 10 -
Companies like Arkose Labs say they're so confident in their ability to deter the attacks — automated attempts to break into online banking sites using stolen usernames and passwords — that they can offer banks a warranty.
By David HeunAugust 4 -
Transaction volume soared at the peer-to-peer service in the second quarter. That rising popularity among consumers, coupled with Zelle's relationships with a growing number of transaction rails, could make the network a vital hub in the U.S. push for speedier payments.
By David HeunJuly 29 -
After recent attacks on ATM networks, the PCI Council, a prominent standards body, recommended extra protections for mainframes that handle card and payment data.
By David HeunJuly 26 -
Tech companies that help banks detect money laundering have raised hundreds of millions of dollars in recent months because of advances in their products. Observers suggest the vendors will have to diversify their offerings to survive in a crowded field.
By David HeunJuly 21 -
The two payment providers are teaming up to support real-time payments for contractors globally. The move is designed to capitalize on Marqeta's recent initial public offering.
By David HeunJuly 13 -
ICBA Bancard will help link community banks to instant payments through a partnership with real-time services hub provider Finzly.
By David HeunJuly 12 -
Banks and businesses want a connected system that "just works," regardless of which rail the senders and recipients use. But there is no consensus on how to make that happen.
By David HeunJuly 9