Bank technology

Citi executives Deborah McWhinney and June Felix discuss their group's new health care payments platform.

Citi's June Felix, managing director for health care in the company's enterprise payments division, on how Money² for Health Would Work for Patients, Doctors and Insurers.

Deborah McWhinney, head of Citi's enterprise payments group, talks about innovating in a large organization; colleague June Felix looks at what's ahead for the intersection of banking and health care.

In back-to-back hearings this week, lawmakers acknowledged the promise of virtual currencies like Bitcoin and the risks of overregulation along with the danger of abuse. Laws on the books may suffice to address the latter, for now.

Mobile check deposits took center stage in a comedy routine by talk show host Ellen DeGeneres.

Financial technology giant FIS announced this week its latest client win: India’s first women-focused public sector bank, Bharatiya Mahila Bank Ltd.

A low-profile strain of malware — recently discovered on a Russian cybercrime forum — could spell big trouble for bank customers and financial services companies alike, says computer security company Trusteer.

The buzzy credit card consolidator, at least in its initial incarnation, doesn’t render wallets redundant or, even, allow the consumer to do anything they can’t already.

The copier company-turned-business processing outsourcer for banks and other companies is testing a new option for at-home agents: pods, complete with work desks and video capabilities, that are designed to serve as a private workspace for remote staff.

Denver bank is rapidly adding to its arsenal of digital banking offerings, with the help of a large team of IT experts.

About 200 banks next month will be required to participate in a cybersecurity test conducted by the New York State Department of Financial Services, according to the Wall Street Journal.

As a fast, low-cost payment system, Bitcoin provides healthy competition for legacy banks. It's also a bulwark for financial privacy and freedom of speech.

Lew Goodwin, head of Green Dot Bank, and Alex Sion, president of Moven, hope to draw market share away from traditional banks with their digital banking offerings. One method: telling consumers at all times where their money is.

A prototype of what wearable computing apps could look like in banking came to market Monday.

The same thing that doomed communism will likely undermine Bitcoin: the fantasy that a protocol, a procedure, a network, an algorithm can neutralize the ugly selfish traits of human beings.

With their regulatory status, refined customer identity procedures and global infrastructure, banks could offer bitcoin exchange services and lead the modernization of financial services. Instead, they’re freezing Bitcoin entrepreneurs’ accounts.

A new grant for financial technology startups offers entrepreneurs the chance to win $50,000 cash. The grant will be awarded to one fintech company that completes a six-week business program sponsored by the Technology Association of Georgia.

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Court rules that dictate procedures for admitting evidence should be updated to reflect the nature of contemporary digital recordkeeping, a pair of federal judges said during remarks at the Electronic Signatures and Records Association Conference, ongoing this week in New York City.

The role of mobile devices in paperless transactions creates additional compliance concerns and precautions that must be considered beyond the existing procedures financial institutions have established for desktop-based electronic documents and signatures.