Bank technology

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?

The ATM maker Diebold is buying encryption technology company Cryptera to enhance its portfolio in automated teller machine security.

Banks and card networks like Visa and MasterCard are working with wireless carriers to cut down on fraudulent transactions by tying purchases to the location of a shopper's smartphone.

Wells Fargo and the online lingerie store True&Co have something in common: both are using analytics to improve the customer experience.

The Federal Financial Institutions Examination Council has launched a new web page that aggregates cybersecurity information.

A recent court ruling affirms that customers can be held responsible in cases of wire transfer fraud. But banks aren’t off the hook.

NCR announced that Morgan Stanley is the latest financial institution to use its mobile remote deposit capture software. The bank will let wealth management customers deposit checks through their handheld devices.

Navy Federal Credit Union has implemented a money management mobile app from Cachet Financial Solutions to upgrade its prepaid card program for students.

In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies.