Bank technology

First Niagara Financial in Buffalo, N.Y., plans to close 17 branches and two drive-through locations in January.

The average annual cost of cybercrime to companies has nearly doubled in the last five years, a new report from a cybersecurity research firm says.

Cyberattacks have emerged as a major risk facing businesses of all kinds. Here's a sampling of how some financial institutions have warned their investors about the possibility of data breaches.

Apple, which launches its mobile wallet on Oct. 20, has convinced more than 500 banks to support Apple Pay by early next year.

DocMagic has acquired eSignSystems, the electronic signature and e-vault division of Wave Systems Corp., for $1.2 million, the companies announced Thursday.

Ken Pfeil, the chief information security officer for the Pioneer companies, shares the security measures he's taken to keep cybercriminals and malware exploits from affecting the infrastructure he oversees.

American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.

Fifth Third Bancorp in Cincinnati reported lower earnings because of a decline in mortgage revenue and a negative valuation adjustment on a payments subsidiary.

American Express Co. said third-quarter profit rose 8.1 percent, beating analysts' estimates, as customer spending increased.

A community bank in Massachusetts has opened a branch that's a microcosm of forward-looking trends in retail bank design. Emphasis on the "micro" part.

TD Bank NA, which lost electronic files containing information for as many as 260,000 customers in 2012, agreed to pay $850,000 to settle a multistate probe into the security breach, New York's attorney general said.

The risk that a trader will mistakenly enter an incorrect stock order is on the rise as mobile- and cloud-based platforms become more popular.

Diebold has released a new series of ATMs that include security protections.

Real-time payments would undoubtedly benefit some consumers and companies, but same-day payments can address many current needs. To that end, Nacha is working on a phased-in approach to implementing multiple same-day settlement windows.

JPMorgan Chase's third-quarter results were published more than three hours ahead of schedule because of a mistake by Shareholder.com, the investor-communications company owned by Nasdaq.

A risk-based approach to anti-money-laundering rules would allow regulators to be sure mobile transactions are being screened for suspicious activity without hindering the technology's potential to do social good.

Sears Holdings Corp.'s Kmart discount chain said it will provide customers with free credit monitoring as it investigates a computer-hacker breach detected last week.

Sears' Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach this week and is investigating the incident with law enforcement officials.

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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the biggest U.S. bank will probably double its $250 million annual computer-security budget within the next five years.