Bank technology

As cyberattacks against banks escalate — with 93% of banks worldwide reporting they've been hit — Bremer Bank in Minnesota ramps up its defenses.

The Federal Reserve is making clear that the status quo, in which U.S. electronic payments take days to complete, is not going to hold, an industry analyst says.

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First National Bank of Omaha is preparing to host its second hackathon to foster new ideas — and relationships with coders who could end up working from the bank.

Apple Inc. will add new security features after the accounts of celebrities using its services were hacked and photographs of them were posted on the Internet.

As hackers pierced JPMorgan Chase & Co.'s defenses in June, the bank's cybersecurity chief was just getting acquainted with his employer and its sprawling technology infrastructure.

USAA and Mitek Systems settled a two-and-a-half year-old dispute over who invented the technology for mobile check deposit, with both companies' patents remaining intact and neither side paying the other.

The regional Federal Reserve banks are trying to maintain momentum in their efforts to improve the U.S. payment system.

Worried that the Federal Reserve will start raising interest rates next year, many banks are reconsidering their strategies for attracting and keeping deposits — and turning to analytics software to help.

FIS, a banking technology and consulting company, has agreed to buy Clear2Pay, a payment processor, for approximately $493 million.

Jane Thompson, the former head of the financial services division at Wal-Mart Stores, has joined the board of OnDeck, a small business lending company in New York.

JPMorgan Chase & Co. (JPM)'s own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to reroute data stolen from the bank to a major Russian city, according to people familiar with the probe.

Storing sensitive material on the Internet makes it a target for hackers, but the password gaming that appears to have been behind the theft of celebrities' photos could happen to any server, on or off the cloud.

Home Depot Inc.'s investigation of a suspected hacker attack is renewing pressure on retailers and credit-card providers to strengthen payment-system security.

An internal review at Goodwill Industries has concluded that hackers accessed customer payments data through a vendor-related weak spot.

For Apple, the timing couldn't be worse to launch a mobile wallet.

The telco-driven Isis mobile wallet will now be called Softcard, a name chosen to avoid confusion and association with a militant group in the Middle East that is often referred to as "ISIS."

Hackers who stole gigabytes of data from JPMorgan Chase & Co. may have been trying to send a message that U.S. financial institutions can be disrupted, the former director of the National Security Agency said.

Home Depot Inc., the largest home- improvement chain, fell as much as 3.4 percent in New York trading after saying it was working with banks and law enforcement to investigate a possible data breach.

Home Depot is working with banks and law enforcement agencies to investigate a potential theft of its customers' credit and debit card information.