Bank technology

A Massachusetts community bank and a payment and banking applications provider have teamed up to capitalize on an Obamacare-assisted trend: the growing health care savings account market.

The financial services industry could saving $8 to $12 billion a year through the use of voice interaction, one consultant estimates.

A compilation of the year's favorite stories, as selected by the people who assigned and edited them. Picks exclude items that appear among Top Stories of 2013, as measured by audience size.

Compliance issues and regulatory worries can prevent many banks from embracing much new technology internally - especially when it comes to the tricky waters of social media like Twitter. Frank Sorrentino III, CEO of the New Jersey community bank ConnectOne, discusses why he and his bank are so active on Twitter, and why other bankers shouldn't let worries about compliance block them from being innovative.

We revisit some of the best comments readers posted to AmericanBanker.com and BankThink.com in 2013.

An American Banker poll finds that only 10% of financial institution executives say reissuing cards is too expensive and inconvenient.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Target Corp. said data related to shoppers' personal identification numbers was stolen during the recent breach of its debit and credit card system and that it's "confident" customers' accounts haven't been compromised because the information was encrypted.

BBVA Compass says 10% of its cardholders were affected by Target's data break-in.

What's the best way to set interest rates for CDs and savings accounts? A handful of banks are taking a scientific approach, turning to analytics to weigh all relevant factors and conditions.

Banks need startups to test the waters with new products and services, but startups need banks for their capital, infrastructure, large customer bases, established regulatory relationships and compliance training.

Target Corp., the second-largest U.S. discount chain, faces almost two dozen lawsuits filed by customers after a computer security breach exposed data on 40 million debit and credit cards.

Family Focus FCU is helping members whose debit cards have been blocked due to the Target breach still receive 24/7 access to their money.

Financial institutions are under more pressure than ever to properly manage their data troves. But many in the industry have yet to master data governance.

The Federal Trade Commission cleared Fidelity National's $2.9 billion deal for Lender Processing Services on condition that Fidelity sell a copy of databases serving six Oregon counties to preserve competition.

Unregulated entities face a tough road ahead. More banks will align IT risk with enterprise risk management. Banks will place heightened emphasis on their overall risk management vision, and data architecture will emerge as critical competency.

By analyzing behavior such as cell phone records, two startups have found a way to help those without bank accounts to obtain credit.

The Target breach has many in the industry thinking: Has the time come for EMV? Is the magnetic stripe dead? What is the final solution to card fraud, if there is one?

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, increased spending and withdrawal limits it imposed on 2 million customers who used debit cards at Target Corp. (TGT) during the retailer's data breach.

Decoupled debit cards, which draw funds from an account at a separate issuer, are typically framed as a low-cost alternative to bank cards.