Bank technology

Though some argue that mobile banking can be more secure than its Internet equivalent, security experts and consumers are expressing concerns. Skeptics have good reason to be apprehensive.

Fraud alerts not just for victims anymore; add J.C. Penney to the list of retailers Albert Gonzalez targeted; FBI raid uncovers plan to de-fraud private-label cards by phone; and more.

The New York money transfer company CashEdge Inc. has hired Citigroup Inc. veteran Catherine Palmieri as its global head of product and marketing.

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The optimists among us recognize that every crisis presents opportunity, and this one is no exception. The future of retail financial services is being written each day, as institutions use technology to adapt to consumers new spending, saving and product preferences, and to new regulation.

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Online Resources Corp. said Monday that a unit of BB&T Corp. would use its bill payment technology to collect loan payments.

SocialWise Inc. is planning to take the BillMyParents online payment system it launched last year mainstream through an advertising blitz.

Consumers want their card issuers to notify them by any means possible when it comes to fraud detection, a new survey says.

VeriFone Holdings Inc. said Monday it bought the remaining minority interest in a joint venture it formed in 2005 that provides card readers for taxicabs.

Many banks are struggling with how to create an online experience that resonates with Generation Y, builds trust, delivers useful financial products and services and does not alienate older customers.

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VeriFone Holdings Inc. on Thursday named Chase Paymentech Solutions LLC as one of its preferred merchant processors for users of its mobile phone card reader.

Starbucks Corp.'s mobile payment system went from a "Short" trial at 16 stores to a "Grande" deployment in more than a thousand locations, validating a low-tech approach to high-tech payments.

Banks are gearing up to test a long-awaited wire transfer format that would cut their costs but may not initially be worth the effort.

How individual banks decide to evolve will vary. Some will redefine the functions of their branches. Some will reduce branches. Some will choose to add branches. Whatever the strategy, the increased role of technology will be undeniable.

Most U.S. consumers cite cash as their preferred form of payment despite increasing adoption of debit cards and other electronic modes, according to a report released last week by the Rockville, Md., consumer research firm Packaged Facts.

Pricing the skimming device market; the law catches up to a stealthy Canadian bank robber; the "call-ahead" bank robbers in Conn.; TJX breach mastermind faces sentencing; and more.

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