Bank technology

PNC Financial Services Group is betting that its new Virtual Wallet Student account will help parents of college-age students get more involved with their children's spending — and that it will turn the parents into PNC customers as well.

PayPal recently spotlighted innovative electronic payment formats that do not involve the familiar trappings of a Web page or digital shopping cart.

Technology Market Watch

A group of large prime brokerage banks are trying to reduce their costs and risks in foreign exchange settlement by standardizing the processes of clearing high-velocity trades for hedge funds and other retail traders.

PayPal Inc. expects to generate new sources of business when it introduces its open development platform in November, executives said Thursday.

NCR Corp. said its revenue suffered from lower hardware sales to the financial services industry and other markets.

Metavante Technologies reported second-quarter earnings Thursday that topped analysts' estimates, and raised its full-year forecast.

The administration's plan needs a way to provide consumers with reliable and systematic decisions on eligibility for the many loan workout and refinance options.

As financial management tools become a more common online banking feature, executives have realized that to be successful, they have to be different.

Visa Europe said it is testing a service that sends cardholders text messages notifying them of purchases made with debit, credit and prepaid cards.

The Payment Card Industry Security Standards Council has issued guidelines for applying its protocols to wireless technology.

Unisys has rolled out an intelligent safe product that allows banks' business customers to receive instant credits when cash is deposited into the devices.

Goldleaf Financial Solutions Inc. announced that Slidell, La., has licensed its Merchant Remit image-lockbox system to process municipal payments.

Metavante Technologies Inc. and the Swiss software company Temenos Group are terminating their core banking technology partnership.

Viruses hitting mobile phones via text messaging; spike in fraud aimed at business accounts; hackers exploit Twitter vulnerability ...

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Revenue from Western Union Co.'s consumer remittance business fell in the second quarter as the company stepped up its efforts to form more bank partnerships.

Mobile Banking Performance

The financial technology company Fiserv Inc. announced an expansion of its lockbox network Monday, opening a fifth remittance processing center, in Dallas.