Bank technology

A group of payments industry executives and analysts have teamed up to create a trade group focused on promoting security efforts for online debit transactions and mobile payments.

JPMorgan Chase plans to offer a chip-and-PIN card that can be used to make purchases in U.S. dollars in other countries, but the company is not ready to endorse the security format in the U.S.

Settlement in 2008 data broker breach; payroll processor a frequent breachee; Fla. man fired after exposing personal info on town's employees; a shoddy shredding job; and more.

Decoupled debit cards, which were once viewed as a significant threat to banks' transaction revenue, appear to be fading away.

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To fight fraud, Diebold Inc. has introduced a two-factor security device for authorized servicers.

Has the recession created a permanent culture of thrift in the United States? The answer, according to MasterCard's group executive of core products, is a conditional yes.

Heartland Payment Systems Inc. continues to promote the idea of end-to-end encryption within the payments industry's transaction processing systems.

An impending deadline, several security initiatives and the ongoing adoption of contactless cards have payment terminal companies trying to position themselves for an anticipated surge in demand for point of sale systems.

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Nassau Educators Federal Credit Union in Westbury, N.Y., is planning to offer its members a mobile banking service using software developed by mFoundry Inc.

PayPal Inc. is trying to get more U.K. consumers to use its service for online purchases.

Many call centers in the United Kingdom "routinely" record calls with consumers' credit card information, according to data compiled by Veritape Ltd.

A senior executive is leaving Metavante Technologies Inc. after its recent purchase by Fidelity National Information Services Inc.

The outsourcing provider Cognizant Technology Solutions Corp. expects to boost its sales to banks by purchasing the Indian technology operations of UBS AG.

Social networking, blogs and other forms of Internet content are generating a tidal wave of opinions on almost every subject, but most of these viewpoints are ignored.

Today most banks and online banking vendors are offering up PFM Lite. They must quickly evolve to PFM Deluxe built on the foundation of aggregating the customers' accounts from all institutions.

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Investing in automated teller machine networks will be at the bottom of bankers' priority lists for the next two years, according to a survey from Aite Group LLC.

Small-business owners in the U.S. should expect to see more credit card offers in their mailboxes in the coming months as issuers begin to target the segment, according to Mintel Comperemedia.