Bank technology

Live Oak Bancshares is planning an initial public offering that could yield as much as $86 million for the Wilmington, N.C., company and its shareholders.

Canada's revenue agency said hackers exploiting the Heartbleed security flaw have gained access to some taxpayer data.

The ATM Industry Association is examining ways the machines can be used to better reach lower-income consumers. Sending money to someone, paying bills, and loading a portion of a check onto a prepaid card are among the types of transactions the group is envisioning can take place through ATMs.

J.P. Morgan has partnered with ProQuest, a cloud-based data management technology provider in Ann Arbor, Mich., to make J.P. Morgan's company and economic research data available to business students, academics and other researchers.

The financial services technology company FIS has expanded its loan software and services business by acquiring CMSI.

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JPMorgan Chase reported a 19% drop in net income for the first quarter, highlighting how much the lackluster economy and mounting regulations have cut into banks' ability to boost profits.

Regulators have reacted as expected, but large banks say they’re not vulnerable to the security flaw. Nonetheless, security questions remain.

More companies are accepting "altcoins" such as Litecoin and Dogecoin in addition to the more common Bitcoin, showing that even silly currencies based on Internet memes can open merchants to new markets of consumers.

Online lender Fundbox announced its official launch Thursday after securing $17.5 million in funding from a group of investors led by venture capital firm Kholsa Ventures.

A bitcoin ATM is coming to South Carolina — the state's first machine will be installed Thursday at the College of Charleston TD Arena.

Banco Santander Brazil is using SAS software in an effort to reduce banking fraud and improve overall data and operational cost management.

Online small business lender Kabbage has received $270 million in financing from institutional investors.

Electronic document and signature technology developer IMM will begin offering e-vault capabilities through an integration with transaction management software provider eOriginal.

Armed with $19 billion in fresh capital, the loyalty vendor is planning a major expansion at a time when small banks and credit unions are eager to beef up their debit rewards programs.

A devastating security flaw in the internet could bring added risks to banks' online and mobile apps.

Cost concerns, regulations and restrictions on working with vendors are a few of the reasons bankers are having a tough time embracing new technology, according to American Banker readers.

As the bells toll for Windows XP today, millions of computers used for online banking will no longer receive security updates. Microsoft has warned users that a failure to upgrade could expose them to fraud, but some observers say the concerns are overblown.

Bank of America Merrill Lynch is offering chip-and-PIN cards to middle-market U.S. clients and their staff who use credit cards globally.

Hackers who raided the credit-card payment system of Neiman Marcus Group Ltd. belong to a sophisticated Russian syndicate that has stolen more than 160 million credit-card numbers from retailers over seven years, according to people with knowledge of the matter.