Bank technology

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.

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

To the list of reasons World Cup travelers might want to avoid Brazil's ATMs add roving gangs of thieves toting dynamite and submachine guns.

The retail banking giant is planning to install video terminals in roughly 500 branches over the next two years, mostly in locations where foot traffic cannot justify the cost of having specialists on site. The rollout is likely to be watched closely by other banks that are looking to reduce overhead but don't want to miss out on sales opportunities.

Markit and Genpact Limited have debuted a new "know your customer" service to help banks deal with heightened regulatory challenges and risks. The product was designed in collaboration with Citigroup, Deutsche Bank, HSBC and Morgan Stanley.

Bankers and consultants report that the technology challenges of dealing with regulators' stress tests are greater than they first appeared.

Bankers, technology executives and other experts weigh in on why financial companies are struggling to deploy the massive amounts of information they collect on their customers – and what they can do to improve.

Citigroup now lets smartphone-equipped customers check their credit card balances, check deposits and recent transactions on a mobile device without having to log into the bank's app.

Most banks find mobile check deposit poses little risk, a new survey from Remotedepositcapture.com has found.

SmartBiz, an online lender to small businesses, announced four new distribution partners Wednesday: California Business Bank in Los Angeles, Yahoo!, Xero and ePay.