Bank technology

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.

Metavante Technologies will be dropped from the S&P MidCap 400 index after the close of trading Thursday, when its acquisition by Fidelity National Information Services is expected to be completed.

Mobile phone payments have just been given an espresso shot, with the endorsement of Starbucks Corp., the first company to use a bar-code payments system from mFoundry Inc.

Mobile phone payments have just been given an espresso shot, with the endorsement of Starbucks, the first company to use a bar-code payments system from mFoundry.

Hungary's antitrust regulator has fined the local units of Visa Inc. and MasterCard Inc., as well as OTP Bank Nyrt. and six other lenders there, saying they colluded on fees charged to credit card customers.

Wells Fargo introduced a mobile phone customer-to-customer payment service Thursday that enables one Wells Fargo customer to transfer money to another.

Banks make more money when consumers know where their money is going. Quite a lot of money, actually, according to Intuit, which dominates the market personal financial management software.

To the Editor:
Intuit's plans with Mint Software may not be as foggy as they appear to be at present ["Intuit to Pay a Mint for Unclear Gain," Sept. 16].

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Commuters in France are testing a system that enables them to refill their transit cards at home using payment card readers that they attach to their computers.

BPC Banking Technologies' "double PIN" software enables cardholders to create a second PIN; they can use the new one for standard transactions, and the original one can be used in case of robbery.