Bank technology

Tangerine, a direct bank based in Canada, has added biometrics to its mobile app.

Large corporations, like consumers, want faster access to their money. But the legacy systems at most banks continue to make this goal difficult, if not impossible, to achieve, say thought leaders at this week's Sibos technology conference.

Capital One's new Capital One Wallet is a cardholder app for Apple's devices that uses an Android-like pattern-recognition feature for authentication.

Bank of America has launched a new offering that allows companies to make payments to their customers without checks.

Credit unions have shown that a chance to win a prize helps motivate consumers to save. However, U.S. regulations have stymied many banks from offering lottery-style savings programs, and efforts are increasing to make the necessary changes to federal and state laws.

By hiring former American Express executive Dan Schulman to lead an independent PayPal, the company is betting that his expertise — bringing innovation to a well-established international payments company — can ensure PayPal's survival.

Bank of America plans to issue chip-based debit cards to customers next month, signaling a resolution of the long-standing issues plaguing EMV debit card issuance in the U.S.

EBay's planned spinoff of PayPal, announced today, is a necessary and inevitable response to the influx of disruption coming to the payments industry from unconventional sources.

EBay, the world's biggest online marketplace, said it would split off its payments arm PayPal, finally bowing to pressure from activist shareholder Carl Icahn after nine months.

Citigroup's new CitiDirect BE Tablet app for Windows 8.1 was announced today at Sibos. It looks and feels quite a bit like a consumer mobile banking app, just with support for more accounts and much larger dollar amounts.

California Gov. Jerry Brown signed the Electronic Benefits Transfer Protection and Empowerment Act, AB 1614, on Sunday. The law includes a requirement that recipients of the California Work Opportunity and Responsibility to Kids welfare program must receive information that helps prevent ATM fees being charged against them when accessing their benefits.

More banks are competing for underserved customers and working to understand millennials as a group that's full of potential, according to speakers at a recent American Banker conference.

Banks will listen carefully to what regulators say next about virtual currency in the U.S., but in the meantime many financial institutions view Bitcoin as far too risky to touch.

The "Bash" bug is more dangerous than Heartbleed, because it exists in a lot more places and can be used to do greater harm. Here's what bankers need to know to protect their IT infrastructures.

Apple has a high-profile name and knack for revolutionizing the markets in which it operates. But consumer confusion over a myriad of mobile payment options and technologies may be a stumbling block for Apple Pay.

The U.S. government has joined an array of researchers warning of a security flaw that could allow hackers to access devices ranging from computers to video cameras and steal data.

Citigroup has issued a fintech challenge that asks developers to propose banking technologies that interact with the Internet of things and consumers' wearable devices.

Top demos from the second day of Finovate address security problems, the need to create a personal interaction even with mobile-only customers, and high brokerage fees.

Jimmy John's, a sandwich-shop chain based in Champaign, Illinois, said a hacker infiltrated payment systems at about 216 of its locations and stole credit- and debit-card information.

Visa Inc., the world's largest payments network, is creating 2,000 full-time jobs as the company expands teams in Singapore and the U.S. and opens a technology center in India.