Bank technology

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.

PrivacyCheq, a financial technology company in York, Pa., has launched a service that hosts streamlined versions of banks' privacy notices that can be pushed out to smartphones, tablets and desktops.

Customers of Simple, a unit of BBVA, have complained in recent weeks about delays and failures in scheduled payments, highlighting digital-only banks' dependence on third-party providers and antiquated legacy systems.

American Express is seeking ideas from outside researchers on how to cater to underbanked consumers and potentially refine its Serve prepaid account.

Apple's desire to maintain tight control of the payment experience is likely to wind up pushing banks away from iPhones and toward Android and host card emulation technology.