Bank technology

Banks' technology investments are helpful but fail to ease customer concerns about the security of personal data, hidden fees and other problems, a new survey shows.

After the industry rejected a 2012 plan for speedier electronic payments, its authors made two key changes designed to win over banks that would have borne costs without seeing many benefits.

Critics concede Bitcoin's innovations may change finance but predict the system itself isn't long for this world. Nasdaq is challenging that idea by not only testing Bitcoin's much-vaunted blockchain technology, but doing so on the Bitcoin network.

Although more than half of younger shoppers are already willing to use wearables to make in-store payments, we are still firmly in the age of the smartphone.

The plan calls for the implementation of two new same-day settlement windows by March 2018. Fees that banks and credit unions will pay each other to cover the cost of the upgrades have been decreased.

The Federal Reserve Bank of St. Louis said hackers succeeded in directing traffic from its popular economic-data websites in April to phony pages where they may have attempted to steal user names and passwords.

Ripple Labs, creator and a developer of the Ripple payment protocol and exchange network, has raised $28 million in series A funding, it announced Tuesday.

The fraud detection services provider Feedzai has raised $17.5 million in its Series B financing round.

Each time Elavon, a payments-processing unit of U.S. Bancorp, launches a new product, its R&D lab steals a page from rock 'n' roll history to mark the occasion.

BNY Mellon has launched Payment Analytics, a service that gives heavy users of wire transfers insight into their payments, with the goal of making them more efficient.

In its new 80,000-square-foot development center, the bank is adopting the look, feel, and practices of fintech startups. It’s also moved some of its developers into an incubator to collaborate directly with local entrepreneurs.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the financial inequalities exposed by the Baltimore riots and whether the changes to Dodd-Frank proposed in Sen. Richard Shelby's regulatory relief plan go too far.

So far, Washington has generally smiled on tech-driven lenders such as Lending Club and OnDeck. But many in the fast-growing industry are now bracing for closer scrutiny.

Computer Sciences Corp. rose as much as 7.1 percent after Reuters reported the technology consulting company plans to split in two.

Banks and consumer groups are both eagerly awaiting an FCC decision about whether to loosen federal restrictions on robo-calling consumers. A $10.2 million settlement announced this week involving JPMorgan Chase brought the issue back to the forefront.

A New York woman convicted of participating in an identity-theft ring was sentenced Thursday to two to six years in state prison. The ring stole more than $850,000 from hundreds of JPMorgan Chase customers.

Despite years of debate, lawmakers are still grappling with key questions over how to set enhanced data security and notification standards to prevent cyber attacks, including whether they should preempt state laws.

As its military members quickly adopt facial, voice and fingerprint recognition, USAA is finding out the demographics of users skew older than expected.

It's difficult to draw useful lessons from a small pilot, since banks typically stack the deck for success. Trying out new projects at average locations that serve average customers can give banks a much better picture of the obstacles that lie ahead.

Technology services firm Accenture has formed a partnership with "neobank" Moven to create digital banking offerings.