Bank technology

Mobile person-to-person payments systems could be the elusive key to reaching Gen Y, once the emerging networks manage to bridge a few significant gaps.

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VeriSign Inc.'s recent push to turn more mobile devices into passcode-generating tokens may make the security system more palatable to banks.

The Jacksonville, Fla., vendor, which is now calling itself the world's largest provider of banking and payments technology, adopted a new corporate logo and said it would go to market using its stock symbol, FIS.

TD Bank's planned integration of Commerce Bancorp's systems, scheduled for last weekend, led to a major technical failure that left customers unable to access some of their money through at least Thursday afternoon.

Visa Inc. is stepping up its efforts to compete in the business-to-business payments space with a new platform to replace its existing suite of information management tools.

Canada's expected shift to the EMV Integrated Circuit Card Specifications could lead to a surge in demand for pay-at-the-table terminals from restaurants, according to Ingenico SA.

Hoping to make personal financial management software an easier sell to banks, vendors are touting a smaller-is-better approach.

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The compliance technology vendor Continuity Engine LLC is enlisting other companies to help it streamline and automate the tasks it handles for community banks that must satisfy regulators.

Google forced to shut down email account when bank accidentally sends personal data; a "money mule" recounts scamming experience; hackers going to school; and more.

Cloud computing will unburden today's overcommitted, understaffed in-house IT resources, who currently must evaluate, select, learn, install, integrate, manage and update the tech infrastructure.

Citigroup Inc. has formed a venture with Microsoft Corp. to compete with Mint Software Inc., the personal-finance Web site that Intuit Inc. has agreed to buy for $170 million.

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The financial technology company Fiserv Inc. announced Monday that it has agreed to sell its Loan Fulfillment Solutions unit to ISGN Corp. of Bensalem, Pa.

The online billing specialist Internet Payment Exchange announced an alliance Monday with Accelerated Revenue Management Inc. of Ventura, Calif., which does business as ARM Solutions, to offer "soft collection capabilities" on late payments.

With wire fraud increasing, banks are using a new generation of real-time antifraud applications to stem their losses.

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State Bank of India has purchased 1,000 automated teller machines from Wincor Nixdorf AG.

The London prepaid voucher company, which is more commonly known as Ukash, will begin offering its services in Ontario this week, and expects them to eventually be available throughout the country.