Bank technology

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.

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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.