Bank technology

EBay, the world's biggest online marketplace, said it would split off its payments arm PayPal, finally bowing to pressure from activist shareholder Carl Icahn after nine months.

Citigroup's new CitiDirect BE Tablet app for Windows 8.1 was announced today at Sibos. It looks and feels quite a bit like a consumer mobile banking app, just with support for more accounts and much larger dollar amounts.

California Gov. Jerry Brown signed the Electronic Benefits Transfer Protection and Empowerment Act, AB 1614, on Sunday. The law includes a requirement that recipients of the California Work Opportunity and Responsibility to Kids welfare program must receive information that helps prevent ATM fees being charged against them when accessing their benefits.

More banks are competing for underserved customers and working to understand millennials as a group that's full of potential, according to speakers at a recent American Banker conference.

Banks will listen carefully to what regulators say next about virtual currency in the U.S., but in the meantime many financial institutions view Bitcoin as far too risky to touch.

The "Bash" bug is more dangerous than Heartbleed, because it exists in a lot more places and can be used to do greater harm. Here's what bankers need to know to protect their IT infrastructures.

Apple has a high-profile name and knack for revolutionizing the markets in which it operates. But consumer confusion over a myriad of mobile payment options and technologies may be a stumbling block for Apple Pay.

The U.S. government has joined an array of researchers warning of a security flaw that could allow hackers to access devices ranging from computers to video cameras and steal data.

Citigroup has issued a fintech challenge that asks developers to propose banking technologies that interact with the Internet of things and consumers' wearable devices.

Top demos from the second day of Finovate address security problems, the need to create a personal interaction even with mobile-only customers, and high brokerage fees.

Jimmy John's, a sandwich-shop chain based in Champaign, Illinois, said a hacker infiltrated payment systems at about 216 of its locations and stole credit- and debit-card information.

Visa Inc., the world's largest payments network, is creating 2,000 full-time jobs as the company expands teams in Singapore and the U.S. and opens a technology center in India.

Add Citigroup to the growing list of banks that are offering all-digital, no-fee checking accounts.

Two small U.S. banks will begin offering an alternative remittance option. The development may signal a new era of competition in foreign exchange, but some critics see danger.

Thirty-five fintech startups demonstrated their products Tuesday in New York. Each had seven minutes to pitch to the 1,450 attendees. Here are the ideas that stood out.

Wal-Mart Stores Inc. (WMT) reached a deal with prepaid-card firm Green Dot Corp. (GDOT) to offer checking accounts to the retailer's customers, building on an expansion into financial services that U.S. banks have sought to block.

Fifth Third Bancorp has combined several business divisions into a new unit focused on payments, as the Cincinnati company continues its gradual exit from its former payments unit, Vantiv.

Kabbage will offer online personal loans starting this week as it expands its product lineup and tries to compete head-on with the likes of Lending Club and Prosper Marketplace.

Can gaming make credit card purchases fun? At least one community bank is delivering its marketing via a mobile game. SimpliSavvy, Bank of Hawaii's new app, comes as banks across the nation are trying to capture more credit card business.

Private banks that fail to embrace information technology and mobile services are at risk of becoming "dinosaurs," says an executive at ABN Amro.