Bank technology

Only 4% of consumers are using contactless payment cards - so card companies really do not want to tick them off.

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Financial services companies will probably pay more attention next year to state-of-the-art techniques against new-account fraud, industry experts say.

Fidelity National Financial Inc., the acquisitive provider of title insurance, financial processing software and services, and other products, is about to enter a new line of business: insurance claims management.

Metavante Corp. said Tuesday that its MBI Benefits unit has begun to provide real-time health plan cash account management services to Lighthouse1 LLP of Minneapolis, an online service that supports third-party benefits administrators.

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Sellers of security technology for online banking that once pushed only their own ideas are looking more and more alike.

Smaller cash management banks smaller are trying to use this era of technological transition to win market share away from the top five, and some observers think they can succeed.

The iPod music player has established itself as the toaster of the new millennium, a giveaway that banks use to attract attention, and new deposits, from young consumers.

Remote capture was declared one of imaging's first big success stories, but more than a year after the initial flurry of announcements, many banks are still tiptoeing into the market.

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A service Citigroup Inc. plans to introduce next year would let customers use cell phones to make inquiries and initiate transactions.

In an effort to promote the use of check imaging technology, the Financial Services Technology Consortium has established guidelines that banks can use to determine which images are suitable for image exchange networks.

Whoever succeeds Lawrence Baxter as Wachovia Corp.’s chief e-commerce officer will have a very different job, Mr. Baxter says.

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