Bank technology

Banks now have a stronger business case to adopt electronic systems for opening, closing and servicing corporate accounts.

Banks can be much more confident about monitoring and reporting suspicious transactions, while enabling tellers to focus on interacting with customers.

Having case-management technology with solid communication features can help. All the parties involved in default management need to know certain information related to their role at specific stages of the process. The ideal platform should provide a unified, controlled view of loan information based on the role of the viewer.

Fifth Third said it has acquired the assets of credit union processor TNB Card Services from credit union-owned Town North Bank of Dallas.

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Young adults are the main drivers of mobile commerce in three major European markets, according to the Mobile Marketing Association.

Former BNY IT contractor pleads guilty to stealing over $1M from charities; hackers target banks in the U.K.; iTunes breach spurs digital book usage; and more.

With such consumer demand for increased security, banks would be wise to offer personal credit card readers to their consumer customers as well.

Tempo Payments Inc. last week announced the launch of the Doctors Without Borders affinity decoupled debit card.

Cardtronics Inc. on July 1 announced a deal to manage automated teller machines deployed in 47 Savings Oil Co. locations throughout the Southeast.

Jack Henry & Associates Inc. said Friday that the president of its Symitar division, which serves credit unions, would step down in October. Kathy Hooker Burress, who joined the Symitar business in 2000, plans to retire at the end of the year.

Observers say that Visa is trying to make its brand more relevant to a new generation of shoppers groomed on one-click online services — an audience that does not want to type a 16-digit number every time it decides to buy something.

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Having long eschewed the revenue-generating strategies of many of its rivals, the San Francisco provider of personal financial management technology is now winding down its operations.

Intuit Inc. has agreed to offer personal loans facilitated through Lending Club Corp. as an option to users of its Mint.com personal finance section who are looking for ways to consolidate their debt.

Bling Nation Ltd. has struck a partnership with PayPal Inc. that could help the mobile payments network operator expand beyond its hyperlocal business model.

Even the largest banks with significant international payments presence need to make sure they are not vulnerable to being leapfrogged by other banks that invest in newer, more extensible payment platforms with better pricing through greater efficiency.

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Visa Inc. said it is planning to help merchants that fail to meet two July 1 payment security deadlines.

iPad breach goes from "So what?" to "Hmm, wait a minute ..."; FTC cracks down on bogus firms created to make fraudulent card charges; high- and low-tech ATM scams.