Bank technology

A credit union executive told the Senate Judiciary Committee Tuesday that so-called patent troll abuse is harming credit unions and other small financial institutions.

Discover Financial Services (DFS) has joined the Fast Identity Online Alliance, or FIDO, a group of companies working to develop new standards for online authentication.

As branch traffic declines, community banks are considering how to enter new markets with products such as online and mobile banking.

Community banks' prospects will improve if they accept that the financial services industry is changing. They must re-examine strategies and business models, and experiment and improvise to exploit new opportunities.

The mortgage technology firm Capsilon has improved a product to allow banks to transfer loans to financial firms and government-sponsored entities, it said Tuesday.

A new application delivery controller has shaved ten seconds off ATM transaction time.

Banks will soon have one more way to spend their marketing dollars online.

Thoma Bravo LLC, a private equity investment firm, announced Tuesday its sale of Entrust, a digital identity and information company, to Datacard Group.

Urban Partnership Bank in Chicago is selling a branch, has launched an online banking platform and has made an unusual offer to customers.

Fiserv was supposed to post a note on the website of an N.C. bank that BNC recently bought that redirected the acquisition's customers to BNC's site. Unfortunately, the note appeared on the wrong website -- that of a nearby rival.

McWhinney, the head of Citigroup's enterprise payments division, is leaving the bank at the end of January to serve as an independent director for a Fortune 250 company, which she did not name. She said she hopes her move will encourage more women to serve on the boards of public companies.

The credit union servicer Co-Op Financial Services has introduced a program that makes it easier for members to make charitable contributions.

An app that lets people compare crowdfounding projects across the world has debuted in iTunes.

The community bank says it's winning over government contractors and law and accounting firms with technology that's a step ahead of peers.

A recent survey found that a significant number of customer problems take multiple interactions to resolve or are left unaddressed. Improvement in this area is critical as banks try to keep customers.

Some banks have quietly begun testing computers that harness quantum physics to run 100,000 times faster than traditional computers.

Quantum computing is being made ready for use in banking. A quick look at what goes on inside a high-speed quantum computing machine.

Banks lost $1.7 billion to deposit-account fraud, according to an American Bankers Association survey.

A California startup is seeking community banks to pilot its transaction analytics service. The startup's grander vision: to also track customers' physical activities and reward them with better interest rates and small business deals as they move more.

Commonwealth Bank of Australia has upgraded its CommBank mobile banking app for Android and Windows 8 devices such that its customers can use it for mobile banking and mobile purchases.