Bank technology

Within the past 12 months, one large retailer after another has fallen victim to a massive data breach. But at least the pilfered data is getting harder for thieves to monetize.

Apple is betting that tokenization systems offered by payment processors will provide a security boost to its new Apple Pay system at a time when consumers are wary of Apple's cloud-based services.

Apple has officially unveiled Apple Pay, a new mobile payment system in its upcoming line of smartphones, using a model that involves legacy payment companies but adds a new spin.

Mitek Systems and Top Image Systems have agreed to settle all pending patent infringement litigation between them.

MoneyGram has acquired the assets of Nexxo Financial, a money transfer and prepaid technology provider in Burlingame, Calif.

Home Depot Inc., the largest home- improvement chain, confirmed that hackers infiltrated its computer systems at stores in the U.S. and Canada.

A top executive at American Express acknowledged Monday that the firm's efforts to persuade consumers to pay with their mobile phones have so far been a failure.

Customers Bancorp in Wyomissing, Pa., has hired Dawn Melesko to serve as director of social media for BankMobile, the mobile and tablet banking platform it plans to launch in late summer 2014.

As cyberattacks against banks escalate — with 93% of banks worldwide reporting they've been hit — Bremer Bank in Minnesota ramps up its defenses.

The Federal Reserve is making clear that the status quo, in which U.S. electronic payments take days to complete, is not going to hold, an industry analyst says.

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First National Bank of Omaha is preparing to host its second hackathon to foster new ideas — and relationships with coders who could end up working from the bank.

Apple Inc. will add new security features after the accounts of celebrities using its services were hacked and photographs of them were posted on the Internet.

As hackers pierced JPMorgan Chase & Co.'s defenses in June, the bank's cybersecurity chief was just getting acquainted with his employer and its sprawling technology infrastructure.

USAA and Mitek Systems settled a two-and-a-half year-old dispute over who invented the technology for mobile check deposit, with both companies' patents remaining intact and neither side paying the other.

The regional Federal Reserve banks are trying to maintain momentum in their efforts to improve the U.S. payment system.

Worried that the Federal Reserve will start raising interest rates next year, many banks are reconsidering their strategies for attracting and keeping deposits — and turning to analytics software to help.

FIS, a banking technology and consulting company, has agreed to buy Clear2Pay, a payment processor, for approximately $493 million.

Jane Thompson, the former head of the financial services division at Wal-Mart Stores, has joined the board of OnDeck, a small business lending company in New York.

JPMorgan Chase & Co. (JPM)'s own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to reroute data stolen from the bank to a major Russian city, according to people familiar with the probe.