Bank technology

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.

These firms beat out dozens of others for the right to present their stories to bank technology executives. All made good impressions, but none more so than a firm that developed a technology that helps banks reduce the risk in their derivatives portfolios.

Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.

Royal Bank of Scotland and NatWest have announced plans to invest more than £1 billion (about $1.7 billion U.S. dollars) in small business and personal banking technology in the next three years.

A payment and currency exchange system called the Ripple protocol makes dollars, yen, euros, Bitcoins, gold and even frequent flyer miles virtually interchangeable.

Lending through the mobile channel is something of a Holy Grail for many banks and credit unions. America First Credit Union may have cracked the code with an enhanced mobile app that helps customers shop for cars and apply for car loans on their hand held devices.

Bank of America released its inaugural "Trends in Consumer Mobility Report" on Monday, which revealed that out of 1,000 U.S. adults, 47% admitted they would not last a day without their smartphone.

LendingClub Corp., the largest U.S. peer-to-peer lender, is planning an initial public offering in the second half of the year and may raise about $500 million, people with knowledge of the matter said.

M&T Bank (MTB) in Buffalo is embedding microchips in its commercial credit cards as part of a broader initiative to boost market share in the commercial card business.

Community-sized institutions with cybersecurity gaps are facing new attention from regulators under a pilot exam project.

New York is attracting financial technology startup companies and venture capitalists, who like the proximity to large banks. But watch out for London.

Bitcoin and other digital currencies will get more attention from the U.S. Consumer Financial Protection Bureau after prodding from a congressional watchdog.

The security threats out there are almost infinite. At what point can boards, CEOs and security staff feel they've done all they can to protect their banks?