Bank technology

Banks better get ready for a quick, steep increase in deposit costs after the Fed raises rates. Technology, new regulations and other factors have changed the slower-paced retail-banking game of old, JPMorgan Chase executives say.

Pave, a marketplace lender, has partnered with Cross River Bank of Teaneck, N.J., to help it expand its online, short-term loan product nationwide.

A deal between two major fintech players to provide core processing hosted in the cloud raises the question of when U.S. banks will feel comfortable putting their most important data on publicly shared computers.

Treasury Deputy Secretary Sarah Bloom Raskin told a group of bankers that law enforcement and regulators need to declassify more information so banks can protect themselves.

Apple Inc. is making the U.K. the first market outside the U.S. for its digital-wallet system as the company fights for a place in the electronic-payments industry.

U.S. Bank's new "Your Community" app aims to give consumers the scoop on local happenings, including news and merchant offers. It's the kind of idea that may finally give consumers a reason to share their location information with a bank.

The health care system is riddled with excess capacity, huge legacy costs, out-of-control expenses and regulations even more onerous than those in banking. And just as in banking, high-tech startups are shaking up the system.

Hershey Entertainment and Resorts' payment systems were infiltrated earlier this year, potentially exposing cardholder data, the entertainment and resort company disclosed July 10.

As bank customers’ tastes turn away from branches and toward mobile devices, banks are trying to replace the customer standby, the 800-number, with more modern communication media like SMS text and WhatsApp.

Capital One Financial has purchased another digital design studio as it works to deepen its reach in Silicon Valley.

WASHINGTON — The World Bank is wrapping up a global survey to examine if "de-risking" is leading banks to disassociate from remittance businesses in areas prone to money-laundering activities.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including ideas about how to improve disclosure requirements and ways to encourage banks and young tech firms to join forces.

Federal prosecutors are cracking down on violations of the Bank Secrecy Act — often without first clarifying to virtual currency firms and other industries the sort of behavior will get them in trouble.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

The new Amex Express Checkout service bears a passing resemblance to rival products like Visa Checkout, MasterPass and PayPal. But that similarity is only skin deep.

Hackers stole Social Security numbers and other personal data for about 21.5 million people in breaches of the U.S. government's personnel office, the Obama administration said.

The Consumer Financial Protection Bureau has suggested that financial institutions get busy on implementing consumer protections for real-time and faster payments.

S&T Bancorp in Indiana, Pa., has promoted Jim Mill to chief information officer. In the newly created position, Mill will oversee the $6 billion-asset company's technology infrastructure and maintain its progress in offering new products.

A computer malfunction that knocked out trading at the New York Stock Exchange for more than three hours Wednesday probably stemmed from a software update that went awry, said two people briefed on a preliminary review.

Business went on as usual at commercial banks as the New York Stock Exchange and other large businesses suffered outages. But the confluence of events served as an unnerving reminder of the cyber risks facing the industry.