Bank technology

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.

More than half of U.S. consumers have access to mobile banking software from ClairMail Inc., the Novato, Calif., vendor said Wednesday.

Mobile payments may not be widely available for several years, but merchants, processors and card networks are already anticipating big changes in consumer spending patters — and their own business models.

FBI director "a few clicks away" from being phishing victim; alleged phishers arrested; Maine Supreme Court to decide on consumer compensation for cyberbreaches; and more.

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Hoping to encourage more consumers to receive bills electronically, Fiserv Inc. has introduced a service that lets billers send invoices by e-mail and use text-message alerts to send billing notices to mobile phones.

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Jack Henry & Associates Inc. has completed its acquisition of the payments software vendor Goldleaf Financial Solutions Inc.

Small businesses are initially finding no great boon in social media such as Facebook, Twitter and LinkedIn, according to a report released Friday by Citigroup Inc.

Eaton Family Credit Union had been interested in deploying mobile banking for some time, but its initial research into the technology turned out to be little more than expensive window-shopping.

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