Technology

For many banks, deciding what new mobile-banking features to offer is a matter of following competitors’ moves or waiting to see what technology their core banking vendor begins to offer.

Guardian Analytics has rolled out fraud-detection software for mobile-banking services called FraudMAP Mobile.

Total System Services Inc., or TSYS, has come to terms with the Royal Bank of Scotland for a long-term agreement to continue providing payment processing and related services for the bank’s consumer credit and commercial businesses, the Columbus, Ga.-based processor announced April 23.

The way Norse Corp. CEO Sam Glines sees it, his card data security-software company has connected a major dot in offering a full payment-gateway service.

The Massachusetts Bay Transit Authority this fall plans to pilot a mobile ticket-buying system for its rail commuters designed to cut cash-handling costs and generate useful data about riders' habits.

For Bank of Montreal, the road to rolling out EMV payment cards in the U.S. is already mostly paved.

As banks, card issuers, processors, terminal makers and others involved in electronic transactions are well aware, many new software engineers would rather work for Google Inc. or a hot new start-up than enter the payments or banking industries.

Rising provisions for loan losses normally are a cause for concern, but KeyCorp (KEY) Chief Executive Beth Mooney says she is not sweating it.

Smaller payment card issuers would provide the strongest data security and enable their customers to shop anywhere in the world by opting to add chip-and-PIN EMV technology to their magnetic stripe cards as the U.S. moves toward full smart card adoption, a new report suggests.

Using smartphones to make financial transactions will be a normal part of everyday life by 2020, new research suggests.