Technology

Bank earns $75 million for saving Bass Pro Shops's acquisition of rival outdoor retailer; Trump to name Randal Quarles as Fed's vice chairman for bank supervision.

A freewheeling discussion (over beers) about the future of branches with Tom Brown of Second Curve Capital and Dave Martin of BankMechanics at the Trump National Doral hotel in Miami during American Banker’s Retail Banking 2017 conference.

Ripple's distributed ledger platform has fed an appetite for cheaper and more efficient cross-border payments, but it may not measure up to the needs of a larger market. Ripple wants to scale its payment system to something resembling a large card network.

Check imaging reduces the need to handle paper, reduces clearing time and paves the way for mobile deposit and remote capture. However, this new functionality also means financial institutions take on greater risk from electronic acceptance, images in the cloud, and significantly reduced float times.

The fiasco may hold a valuable lesson for fintechs and banks alike about the need for closer integration.

The partnership will explore emerging technologies and best practices, including lessons that can be learned from outside the CU system.

On Track Innovations will provide mobile EMV payment acceptance for the large cage-type vending machines that Outdoor Vending Solutions uses to sell bulk items at various sites within state parks in Texas.

Leaked documents appear to show NSA analysts were able to hack into Middle Eastern banks’ servers through the Swift service bureau EastNets. The same tools could conceivably be used by cybercriminals and nation-states with more sinister motives.

At last week's conference in London, host Brett King took time away from speaking and judging startup pitches to talk to some of the main presenters, including Ruth Wandhöfer, Citi's global head of regulatory and market strategy.

Verifone has spent years clawing its way out of a crater it dug for itself, so a fresh coat of paint on its website might seem like a minor thing. But it signals the latest big shift in the company's sales strategy.