Bank technology

At least one problem bedeviling Washington can be fixed quickly by lenders using existing technology, pleasing borrowers and boosting compliance.

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PayPal Inc.'s new iPhone application is more than a payment system — the company is also trying to make it easier for people to use the app as a cash replacement.

Effectiveness of ID theft protection company LifeLock questioned; keylogging hardware now child's play; another person responsible for massive TJX breach behind bars.

PayPal is in talks to add its payment system as an option at AliExpress, the shopping Web site operated by Alibaba.com of Hong Kong, according to people familiar with the situation.

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Fiserv Inc. said Monday that American Bank of Texas in Sherman has begun using its ReserveLink deposit reclassification system.

Trusteer Ltd. has developed a service that can reverse-engineer new forms of malicious software and shut them down on bank computers.

Many financial institutions' main Web sites include microsites — pages that promote a specific product or service. They're not too flashy or innovative, not too expensive, not too taxing on the technology department and certainly present no threat of overshadowing the banks' primary sites.

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CashEdge Inc. said the fraud management tools it uses for its money transfer services prevented more than $139 million in fraudulent transactions in 2009.

Fiserv Inc. said demand has skyrocketed for Risk Office, a service that helps companies combat fraud.

Consumers and businesses are expected to load as much as $186 billion onto prepaid cards in 2014, according to a report released last week, but uncertainty about future government regulations could hamper sustained market growth.

The Irish online payment processor WorldNet TPS says the payment card acceptance application it introduced this week for Apple's iPhone is the first such service available in Europe.

USA Technologies Inc. said Thursday that more than 71,000 vending machines and other self-serve systems are now linked to its payments network.

Barclays Group PLC this week continued its efforts to make contactless cards a mainstream technology in the United Kingdom by issuing contactless debit cards to its business customers.

MoneyGram International Inc. said Thursday it has hired Juan Agualimpia as a senior vice president and its chief marketing officer to oversee the company's global branding and marketing efforts.

EDIE's been part of the Gulf Coast Educators Federal Credit Union for decades, and she's getting a makeover that will make her a fixture in the credit union and its public persona for years to come.

An upstart online financial management firm from Washington has found a unique way to market to low- and middle-income investors: Through water and electric bills.

Target Corp. has begun delivering coupons to customers' mobile phones. Customers of the Minneapolis retailer can enroll in the service online or by text message.