Bank technology

Check's technology, with Intuit's marketing budget behind it, could shape consumers' expectations of bill pay through their financial institutions and inspire entrepreneurs to cook up similar software to disintermediate banks.

The Center for Financial Services Innovation has announced it will receive millions of dollars from JPMorgan Chase's philanthropy unit to launch a new division that builds on the work the association has been doing for 10 years: identifying financial problems and cultivating technology that is designed to solve issues plaguing the majority of Americans.

Thomson Reuters, Fidelity Investments and Amazon.com are jointly launching a program called Fintech Sandbox to support technology startups aiming to serve the financial services industry.

The financial industry should focus on creating new methods of identification, authentication and privacy protection that ward off fraud while keeping consumer inconvenience to a minimum.

Square, which built its business on the simplicity of its plug-in payment device, is piling on services that should make banks and other companies take notice.

Fifth Third Bancorp (FITB) of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment process firm Vantiv (VNTV).

The Netherlands, birthplace of the world's first stock exchange and the pioneering Dutch East India Company, is now home to banks with an unusually open mind about bitcoin.

Chris Dancy, who has been designated the "world’s most connected human" and will be a keynote speaker at next week’s Digital Banking Summit, shares his thoughts on how banks can help their customers get value out of their own data, and where the line is between usefulness and creepiness.

Diebold Chief Innovation Offer Frank Natoli Jr. maps out what it will take to make biometrics a banking reality.

Historical patterns of human innovation suggest that the ever-expanding array of payment technologies will eventually hit a wall. Some of today’s most prominent payments platforms may not survive the next cycle.

The payment processing company Total System Services Inc. (TSS) said on Tuesday that it has hired a new global chief procurement officer.

Square has launched Square Capital, a credit program for small business, joining a growing number of companies breaking into small-business lending.

Regulators are cracking down on third-party relationship risk. Some vendors say they've got this covered, others say it’s changing their business.

Bank of America (BAC) has upgraded its mobile banking app. The new version includes a calendar feature that lets customers schedule appointments at local branches.

Young banking customers are more interested in online banking than their older peers, according to a report from financial services consulting group Accenture.

Intuit Inc. has entered an agreement to buy Check for $360 million, adding payment capabilities to its online and mobile personal financial management (PFM) offerings.

The Chinese government is reviewing whether domestic banks' reliance on high-end servers from International Business Machines Corp. compromises the nation's financial security, people familiar with the matter said, in an escalation of the dispute with the U.S. over spying claims.

Banks have received updated guidance on managing vendors deemed "critical" to their business. Deciding which third parties fit the bill is the first step to meeting the new rules.

While the popularity of checks in retail payments is fading rapidly, new research suggests that coins and bills are likely to remain relevant.

BBVA Compass is partnering with technology provider CareCloud to offer software and services to medical practices.