Bank technology

Fraud fighters have spotted a new form of ATM skimming device that is so small it's easy for the human eye to miss.

The Senate Intelligence Committee on Tuesday approved a bill that would expand information-sharing between the public and private sectors about cybersecurity threats.

With millions of malware strains targeting mobile devices today, bank CEOs and their security chiefs are understandably anxious. Here's a look at several defensive moves banks can make.

Opus Global, a $500 million fund started last fall to roll up financial technology businesses, has made its first acquisition, a risk and compliance software firm that serves banks.

Peer-to-peer lender Upstart is aiming to identify young but high-quality borrowers by integrating applicants' grades, alma mater and even their SAT scores into its underwriting decisions. Banks could learn from this model, even though it may have shortcomings.

The telco-operated Isis mobile payments initiative plans to rebrand to avoid carrying the same name as a Middle Eastern militant group referred to as "ISIS" by western journalists.

Wall Street's biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an internal document.

R.C. Giltner Services says it can help smaller financial institutions sell reimagined checking accounts for a consumer base that's hankering for them.

A recent GAO report called for the Consumer Financial Protection Bureau to be involved in interagency discussions about virtual currencies, but others say the bureau's jurisdiction is murky, technology may move too fast for consumer rulemaking and too much regulation too early could kill innovation.

Many small banks lack the resources to make necessary investments in cybersecurity. One solution could be to institute regional centers that would allow banks to pool resources, train staff and investigate potential breaches.

In the banking world, branches came first and ATMs came later to streamline the experience. But in the Bitcoin world, ATMs came first with limited features, and the ATM makers are working hard to add the sort of services that one might find in a mainstream bank branch.

Google Inc.'s decision to remove some search results to a British Broadcasting Corp. 2007 article about Merrill Lynch & Co. has drawn criticism from the U.K. state-funded media company.

Capital One has snatched a designer from Google's touted advanced technology and projects team to help boost the bank's mobile commerce and payments technology development.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Throughout Europe and Asia in particular, ATMs are being used to distribute an increasingly wide array of financial and non-financial products and services.

Savings Bank of Danbury and Greylock Federal Credit Union are working with Fiserv and the University of Connecticut to examine how Millennials interface with mobile banking.

Disney has found success with wearable technology thanks in no small part to its efforts to educate and motivate customers about its MagicBand wristbands.

As large companies wait 45 to 120 days to pay their bills, small suppliers grapple with cash flow and credit problems. Enter a new breed of online lender that gives immediate credit for invoices made out to large, dependable companies.

Frank Sorrentino will attempt to integrate the systems at Center Bancorp a mere three weeks after the company merged with ConnectOne. The key is tremendous up-front planning — and having a crisis team at the ready, he says.

MobileIron on Tuesday unveiled software called Mobile Insight that's meant to give IT staff the ability to manage a company's employees' mobile devices from a mobile app.