Bank technology

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.

While rent represents the biggest expense each month for many consumers, the payments rarely are reported to credit bureaus, meaning they don't help people improve their credit scores.

Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO.

The prepaid phone carrier, which is teaming with a mobile banking startup called Wipit, believes that its large retail footprint in low-income neighborhoods offers an opportunity to challenge check cashers and prepaid card issuers.

The ATM industry has spent an estimated $5.5 billion over the past decade and will have to foot several billion dollars more in operational costs every year according to a new report from the ATM Industry Association.

Warnings about the Svpeng malware that targets cellphones are proving to be unwarranted panic, skeptics say. Others argue that it is too early to ignore this powerful new strain of mobile malware that has stolen the financial data of customers elsewhere in the world.

Green Dot (GDOT) has hired former American Express (AXP) executive Thien Truong as senior vice president of business development and sales.

Under-35 consumers find more value in retailers’ loyalty programs than they do deposit accounts, and it’s up to banks to figure out how to capitalize on that transaction-first mindset.

Banks that want in on the digital revolution need good partners and plenty of pilots.

United Security Bank in Fresno, Calif., has agreed to pay $350,000 to compensate TRC Operating Company for losses suffered from a cybertheft attack.