Bank technology

First Federal Bank of Louisiana in Lake Charles has hired Diebold to upgrade its ATMs to run on the Windows 7 operating system from Windows XP.

BBVA agreed on Thursday to buy disrupter Simple for $117 million in a bid to improve the Spanish bank's digital properties.

Phone fraud prevention company Pindrop Security has launched an authentication system that allows call centers and other institutions to confirm the identity, location and type of device used by callers.

Banco Bilbao Vizcaya Argentaria has agreed to pay $117 million for online banking startup Simple.

I myself am a HMDA wonk, but one with a rather love-hate relationship to the numbers. I love what they reveal, but hate the headaches that come from wrestling with data.

Westpac New Zealand chief digital officer Simon Pomeroy is piloting mobile banking apps for Google Glass and smart watches as well as iBeacon applications in the bank's branches.

Before the Target breach, many merchants were apparently willing to delay or ignore the card networks' deadline for adopting EMV and ready to face the consequences. Now, even merchants who remain unsold on EMV as cost-effective security may view incorporating the technology as unavoidable.

American Express, the biggest credit-card issuer by purchases, drew from the ranks of Google and Goldman Sachs to bolster its technology unit by hiring Brian Saluzzo and Nik Sathe.

Scenario-based planning is one of several services SunTrust is making available to mass-affluent and high-net-worth clients. The launch comes at a time when banks see an opportunity to tailor personal financial management services to affluent clients in spite of low general adoption .

The head of a small Atlanta credit union used a negative situation, the Target data breach's impact on her customers, to score PR points. More big banks should think and act this creatively in crises.

The recent refinance boom sent record profits flowing to the mortgage technology developer, which charges for its products and services by the number of loans that lenders close.

IMGCAP(1)]

The new cybersecurity framework issued under a White House executive order lacks congressional mandate and tracks rules banks already follow, but some experts believe the new document could be a standard used in data breach litigation and future regulatory changes.

Target's cybersecurity staff urged the retailer to review the security of its payments system at least two months before hackers compromised its network, according to a report in the Wall Street Journal.

The CardLinX Association has released a set of guidelines that are directed at helping the parties involved in merchant-funded offers -- including financial institutions, publishers, advertisers, merchants, merchant acquirers and payment networks -- detect when they are being ripped off.

Shopping and banking on a mobile device has always been clunky, as processes designed for a full screen and keyboard have often been crushed inelegantly to fit a smartphone's much smaller screen.

There are plenty of reasons why small banks may be reluctant to amp up their social media presence. But this week's bad weather illustrates how these platforms can provide a real value-add.

The audio technology is primarily aimed at eliminating long passwords rather than security, says the bank's chief innovation officer.

Retail and financial services trade groups have launched a new partnership aimed at improving cybersecurity across both industries.

The framework issued by the National Institute of Standards and Technology offers "a consensus description" for effective cybersecurity risk management.