Bank technology

Headlines:

ORLANDO - Banks are facing more aggressive marketing by nontraditional competitors, which are using niche-oriented products to nibble away at the core consumer market.

Headlines:

Password-generating tokens, which many financial services companies are considering, may not be the best way to enhance online customer authentication, some industry executives say.

Last month, when the Federal Reserve Board announced FedReceipt, its long-expected service for delivering check images to banks, it already had more than a dozen users — all small and midsize banks.

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The war against online fraud may not be winnable, according to several bankers and security technology vendors.

First Data Corp.'s announcement Wednesday that it is considering selling its card-issuing business has prompted speculation about possible buyers.

Visa U.S.A. Inc., which has trailed other card companies in offering contactless payment technology, has developed its own program.

Three online authentication tools stand out from the pack for balancing a high level of security, a favorable return on investment, and a low likelihood of annoying customers, a report released Wednesday says.

The biometric payment system vendor BioPay LLC has been awarded its first patent, which may help in its legal dispute with Solidus Networks Inc.

Fiserv Inc. resolved one question about its future by naming an outsider to succeed its longtime chief executive, but that change and others in the executive suite raised fresh speculation about the Brookfield, Wis., technology vendor’s strategy.

Sovereign Bancorp Inc. of Philadelphia is betting that it can capture customers from larger northeastern rivals by offering more sophisticated online banking services for small businesses.