Bank technology

Intuit said Monday it has agreed to buy Mint Software for $170 million. The cash deal is expected to close in the fourth quarter.

The complex maze of hardware and software lurking behind the curtain at the nation's biggest banks has grown even more treacherous since the start of the downturn and the advent of shotgun mergers between banking companies — and their information technology systems.

Credit card acceptance applications for mobile phones are unlikely to eat into business for point of sale terminal makers, according to executives.

Ohio's public higher education system said it has agreed to use purchasing card services from JPMorgan Chase & Co.

Consumers globally made 250 billion noncash payments in 2007, up 8.6% from the previous year, according to the World Payments Report 2009.

Google Inc. is planning to add several features to its Checkout payments system and may be trying to revamp a flawed business model that was scrapped months ago.

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Google Inc. has outlined plans for new features for its Checkout payment system, including stored-value cards and micropayments.

Fiserv Inc. has announced that First National Bank of South Carolina has agreed to use its Precision processing platform as well as other services.

Banks are stepping up efforts to increase their share of the global remittance market, either alone or by partnering with other companies.

New stress-testing applications intended to help banks develop more detailed diagnoses of potential problems in their commercial real estate portfolios are finding customers.

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Gemalto NV of Amsterdam has bought the Versailles, France, digital security provider Trusted Logic.

Newest scammer target: payday lenders; money mules "hurting" the business of online scammers; email hacking is now outsourced as well; and more.

Banks must be open to new levels of innovation that will enable them to surpass customer expectations, achieve differentiation, grow strategically and manage risks, while reducing costs and complying with dynamic regulations.

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Consumers are expected to spend at least $30 billion in 2012 using mobile devices equipped with use near-field communication technology, up from a projected $8 billion this year, according to a report issued last week by Juniper Research.

Fidelity National Information Services Inc. expects to complete its purchase of Metavante Technologies Inc. by Oct. 1 now that the vendors have cleared the final hurdles to their $2.94 billion deal.

The eBillme payment service now allows people to pay for online purchases at walk-in locations, inviting the unbanked to use a system that until now has targeted online banking customers.

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