Bank technology

IMGCAP(1)]

Concern about large-scale ATM fraud and denial-of-service attacks prompted regulators to issue two new alerts warning of various scams and outlining steps banks can take to prevent them.

Independence Bancshares, (IEBS) in Greenville, S.C., has filed multiple mobile payment patent technology applications with the United States Patent and Trademark Office.

First Internet Bank is opening a commercial loan office in Phoenix and has hired three experienced lenders to run it.

State attorneys general are investigating a data breach at a subsidiary of Experian that gave criminals access to consumers’ bank account, Social Security and drivers’ license numbers, Reuters reported Thursday.

The distributed denial-of-service attack that crashed Ellie Mae's loan origination system was cleverly disguised and could have been carried out by individuals with mortgage industry expertise, the vendor says.

The Federal Reserve rejected capital plans for three foreign-owned banks, which need time and millions of dollars in investments to make the requisite tech upgrades in order to comply.

Bitcoin ATM providers and virtual currency exchanges may be subject to Texas licensing requirements, according to regulatory guidelines issued by the Texas Banking Commissioner on April 3.

Online and mobile banking have forever transformed the way people bank, but the digital evolution has a dark side: it is increasingly creating new opportunities for fraudsters to hack into accounts.

Bank tech experts can be forgiven for focusing heavily on cyber-security threats these days. But to stand among the leaders in the fast-evolving world of electronic money, bankers will have to find ways to become more innovative. American Banker editors discuss.

Bridgehampton National Bank (BDGE) in New York has expanded its ATM network to include 20 self-service machines bearing its trademark sailboat logo.

Ellie Mae, the mortgage technology vendor, confirmed late Tuesday that its recent outages, which have forced lenders to delay loan closings, resulted from a flood of service requests "characteristic of a distributed denial of service" attack.

Drew Breakspear spent decades as a banker before becoming the top industry enforcer in Florida. He is empathetic to banks, realizes the growing importance of virtual currencies like Bitcoin and believes more bankers should serve on the Fed's Board of Governors.

Consumers who have used mobile remote deposit capture highly value it, but financial institutions need to do a better job promoting this service, a new report concludes.

FirstCapital Bank of Texas is using interactive video software from NCR Corporation to offer its customers 24-hour live teller service during business days.

Cardtronics has renewed its contract with Walgreens to be a preferred provider of ATM services.

The effects of the financial crisis are still being seen in the behavior of credit card lenders and borrowers, a new report suggests. Lenders have lowered risk-taking and rates, but consumers are carrying lighter debt loads.

It's not all suits and pencil skirts in banking.

The future of the branch is anyone's guess, but one thing is for sure: RIP teller lines. The new teller-line free branch concepts require staff members to better deliver a brand experience that includes demoing new mobile app features to signing a customer up on a new product.

Green Bank has dropped a lawsuit against Target and security vendor Trustwave that stemmed from the retailer's 2013 data breach.