Bank technology

Despite the many advantages of the public cloud, big banks remain leery of putting data there.

MBIA, the municipal bond insurance giant, suffered a major customer data breach that exposed customer data of an asset-management subsidiary that Bank of New York Mellon has agreed to buy.

There's almost no good way of tell a bank customer that her personal data's been stolen. But some banks do a particularly bad job of communicating during a security incident.

JPMorgan Chase & Co. customers say they're not going anywhere — at least for now.

Regulators unveiled plans Monday to broaden the use of "Legal Entity Identifiers" and launch a pilot program designed to get more information on bilateral repurchase agreements.

Capital One has acquired Adaptive Path, a well-respected web design firm, underscoring the bank's tech ambitions and the increasing importance of digital user experience in financial services.

As data breaches become more common, bank board members need to make sure that senior management is familiar with the latest cybersecurity developments and has a crisis communications plan in place.

Following revelations of traders' chats about Libor-rigging and third parties' screen scraping, a group of banks and securities firms has acquired Perzo, a secure messaging platform, to make it their own.

JPMorgan Chase & Co., the biggest U.S. bank, said a previously disclosed data breach of its systems affected 76 million households and 7 million small businesses.

Online borrowers are often hit with unauthorized charges and subjected to threats of arrests, according to a new report from the Pew Charitable Trusts.

The American Bankers Association, which initially opposed ".bank" domain names on the Web, is now promoting them as a way to enhance security amid growing cyber risk concerns.

JPMorgan Chase denied knowledge of an additional security breach Thursday after The New York Times reported possible evidence of a fresh attack.

Tangerine, a direct bank based in Canada, has added biometrics to its mobile app.

Large corporations, like consumers, want faster access to their money. But the legacy systems at most banks continue to make this goal difficult, if not impossible, to achieve, say thought leaders at this week's Sibos technology conference.

Capital One's new Capital One Wallet is a cardholder app for Apple's devices that uses an Android-like pattern-recognition feature for authentication.

Bank of America has launched a new offering that allows companies to make payments to their customers without checks.

Credit unions have shown that a chance to win a prize helps motivate consumers to save. However, U.S. regulations have stymied many banks from offering lottery-style savings programs, and efforts are increasing to make the necessary changes to federal and state laws.

By hiring former American Express executive Dan Schulman to lead an independent PayPal, the company is betting that his expertise — bringing innovation to a well-established international payments company — can ensure PayPal's survival.

Bank of America plans to issue chip-based debit cards to customers next month, signaling a resolution of the long-standing issues plaguing EMV debit card issuance in the U.S.

EBay's planned spinoff of PayPal, announced today, is a necessary and inevitable response to the influx of disruption coming to the payments industry from unconventional sources.