Bank technology

The Utah-based payments processing company eGlobal has acquired the assets of The Best There Is Inc., a provider of ATM services in Boca Raton, Fla.

Three key crisis response concepts can help bank leadership teams avoid the fate of Target CEO Gregg Steinhafel, who resigned this week in the aftermath of the company's holiday season cyberattack.

Alternative lenders, once considered competitive threats, are becoming allies for some banks. BBVA Compass now pitches its clients on OnDeck loans in the hopes of better retaining small-business customers.

A man accused of fraudulent use of credit cards at a Target Corp. store in Texas isn't believed to be responsible for initiating a breach at the retail chain in December involving the theft of card data from 40 million customers, according to police in Georgetown, Texas.

The Federal Financial Institutions Examination Council announced today that it will conduct cybersecurity assessments later this year.

The $44.5 million purchase comes as financial tech companies continue to enhance online and mobile offerings.

In a first, the state's financial firms will be required to undergo regular cybersecurity assessments to ensure that they are appropriately protecting customers' data. Banks support the effort — even if it forces them to boost IT spending.

Industry boosters say the sky's the limit, as a flood of capital enables the rapid growth of peer-to-peer lending. But some skeptics are urging caution.

Banks and financial companies must "remain vigilant" against data breaches and other threats, and "there's still a lot of work to be done" to get more cybersecurity help from the government, according to Financial Services Roundtable CEO Tim Pawlenty. In this interview, Pawlenty discusses how his trade group is working with banks, retailers, regulators and legislators to improve the industry's response to hacker attacks.

FIS is examining whether a public ledger like bitcoin's could help securely move funds on existing networks. Fiserv is examining bitcoin's use of encryption to ensure transfers are secure.

The nation's fourth-largest bank has opened another mini-branch in hip Washington, D.C., neighborhood teeming with young professionals. Is this the prototype for the urban branch of the future?

Huntington Bank updated its mobile app Tuesday to let on-the-go customers check their balances without needing to enter in their user names and passwords.

Organic loan growth propelled the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended March 31.

A technology executive at JPMorgan has been named chief information officer at the Online Computer Learning Center, a nonprofit computer library service and research organization.

JPMorgan Chase Chief Executive Officer Jamie Dimon sees challenges from companies such as Facebook and Google as they seek to provide online banking and money-sending services.

CEO John Chen is pitching the company's server software as the most secure environment around for mobile devices. Is it too little, too late?

Union Bank has entered into a strategic alliance with Lending Club, a peer-to peer lending marketplace provider that connects creditworthy borrowers with investors.

Fidor Bank AG is the first bank to integrate the real-time global settlement protocol provided by Ripple Labs.

Target Corp. Chief Executive Officer Gregg Steinhafel, dogged by questions over whether the company responded quickly enough to a data breach last year, will step down as chairman, president and CEO.

Regulators are demanding that banks keep closer tabs on their relationships with third-party vendors, but they have left it to banks to determine which vendors require the most oversight.