Bank technology

Apple Pay's impact will be mitigated by the limited availability of near-field communication terminals and by consumer concerns about the safety of NFC technology.

Regulators would like banks to use their mobile banking services to reach the unbanked and underbanked. Some, including Southern Bancorp and BBVA Compass, are working to create mobile features that will help them compete with check cashers and payday lenders.

Apple's long-anticipated move into mobile payments seemed to cover all the bases — Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

Regulators are developing joint standards for cybersecurity, testing special exam procedures and helping banks assess their own readiness, Federal Deposit Insurance Corp. Chairman Martin Gruenberg said at American Banker's 4th Annual Regulatory Symposium. That's a good thing because community bankers said they need a lot of help.

Cathy Bessant says a cancer diagnosis a few years ago got her thinking about the legacy she hopes to create. So she accelerated her longtime plan to establish a scholarship for women in rural areas of Michigan, women with backgrounds just like hers. Bank of America’s global technology and operations executive aims to pay forward the help she received.

As M&T Bank's chief information officer, Michele Trolli is leading an overhaul of its anti-money laundering systems. She also has a sideline in finding homes for orphaned polar bears.

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If the Apple Watch catapults wearable computers into the mainstream, as some observers expect, banks will be tasked to reimagine the way they provide financial services features to their customers.

As regulators emphasize the importance of data integrity, chief data officers need to consider new strategies to ensure that all bank employees are on the same page about improving information quality.

Though Home Depot's recent data breach compromised 56 million payment cards, more than the 40 million in Target's incident, the company isn't predicting a hit to revenue.

Mint, a personal finance platform, has added support for the Touch ID fingerprint recognition technology built into iOS 8-enabled Apple devices.

Americans are still looking for the same fundamental services from their banks. It's their expectations of convenience and accessibility that have changed — and that's where digital offerings should come in.

For the third year in a row, employees of various credit unions across the country spent 24 straight hours trying to come up with the next great financial technology offering.

Green Dot plans to acquire Santa Barbara Tax Products Group for about $320 million, a move that will allow the prepaid card provider to add tax refund processing services through partnerships with tax preparers.

For a company that operates a computer network that 1.7 billion people come into contact with each month, CloudFlare keeps a low profile. Now the security startup's new product may raise its prominence among banks faced with mounting cyberattacks.

Eastern Bank in Boston is raising its profile by installing automated teller machines at travel plazas along some of Massachusetts' most heavily traveled highways.

The mobile wallet finally has some real momentum. Will the biggest banks use the opportunity to take business from their smaller peers?

From the moment Apple revealed its mobile wallet to the world, PayPal has wasted little opportunity to take its share of digs at the product.

TrueAccord, which just raised $5 million, aims to use automation, data and behavioral analysis to transform debt collection — a business where old hands shy away from communicating with consumers by email.

NexID Biometrics, an authentication technology provider in Potsdam, N.Y., has enhanced a fake-finger-detection solution for fingerprint-sensor systems.