Bank technology

NXT-ID is working with Joey Fatone, former member of the boy band N*Sync, to kick off a series of celebrity endorsements for its biometric Wocket wallet.

Officials at PayPal said they were pleasantly surprised by the free plug that the electronic payment service got on a recent episode of "The Leftovers," a new HBO hit series.

FICO in San Jose, Calif., has launched a credit risk prognosis tool financial institutions can use to stress-test their consumer loan portfolios.

Capital One's recent hire of Google's Dan Makoski is a rare coup for a financial services company. Most financial institutions still struggle to recruit top tech talent.

SunTrust Banks in Atlanta has named Susan Somersille Johnson head of its marketing division.

While bankers' reputation as the unquestioned authorities on financial services may be changing, the importance of face-to-face interactions has not lessened, according to contributor Dave Martin.

A gang of hackers in Russia has amassed 1.2 billion sets of looted user names and passwords, according to a U.S. security company that said it's the largest known cache of stolen personal information.

Wearables lend themselves well to quick banking updates, simple transactions and voice commands, and they're poised for wider adoption, with numerous products, including Apple's iWatch, soon to hit the market.

As consolidation picks up, buyers and sellers must examine their vendor contracts to make sure terms and pricing are in their favor.

First Internet Bancorp in Indianapolis has appointed its next chief financial officer.

The Department of Homeland Security has sounded an alarm about Backoff, a relatively new type of malware. The warning was directed mainly at retailers' point-of-sale networks, but banks are also susceptible.

P.F. Chang's has provided an update on the data breach it disclosed in June, revealing that the incident affected 33 restaurants with a specific timeframe for each location.

Authentify is unveiling an extension to its mobile device-based authentication software.

Green Dot will eliminate its MoneyPak reload cards, which have been targeted by scammers, and instead will let consumers reload prepaid accounts at the point of sale, its top executive said this week.

Banks need to develop effective ways to engage millennials, a growing segment of the population, and the best way to do this is through mobile devices, according to Fair Isaac.

Cyber-savvy con artists posing as company CEOs are carrying out highly successful financial frauds. Bank of the West's David Pollino is on a crusade to educate banks and their corporate customers about this threat.

We're teaming up with BAI on new initiative focused on providing bankers information and perspective to aid in future technology decisions.

A sizable portion of the banking industry has increased spending on mobile banking technology by more than half this year, according to a recent American Banker survey.

MasterCard's digital wallet is currently live in 10 markets and the company has plans to add four more countries this year in a push to strengthen the card network's capabilities in an increasingly digital world.

Target Corp., struggling to fix a botched expansion in Canada and undo the lingering damage of a holiday hacker attack, hired former PepsiCo Inc. executive Brian Cornell as chief executive officer.