Bank technology

As the industry reels from the massive data breach Target announced Thursday, there's debate around the best way for banks to respond.

The Target breach, which affected up to 40 million cardholders who shopped at the store from Nov. 27 through Dec. 15, is noteworthy because it affects a massive retailer with deep experience in the credit and debit card businesses and an extreme early adopter of EMV-chip cards in the U.S.

With Target reporting that its stores have been hit with a massive data breach involving up to 40 million accounts, credit unions across the nation are moving to inform their members and gather more information on the security breach.

Wells Fargo's basement lab, mobile banking fees, social media, and branch design were among the hottest tech topics of 2013. Click through to see all the most-read stories of the year.

Thieves who stole card data for 40 million Target shoppers are now trying to sell their ill-gotten information as fast as they can on underground websites, says security blogger Brian Krebs.

As more consumers pile into Bitcoin and the currency's market capitalization increases, any handful of trades will not have as strong an effect on the currency’s price swings.

FIS (FIS), one of the largest fintech providers worldwide, announced Thursday a new board member: Les Muma, the former founder and chief executive of Fiserv (FISV).

Peter Orszag, a former White House economic aide and current Citigroup vice chairman, said Wednesday he "wouldn't buy Bitcoin right now," but he still mounted a moderate economic defense of the digital currency.

Retailer Target is investigating a massive data breach that may have affected the card data of millions of bank customers, according to security blogger Brian Krebs.

Survey data show that by midyear 2013, Internet-based mortgage sales in the U.S. increased 75% year-over-year, leading to a 16% decline in branch sales.

AT&T (NYSE:T) has launched a system meant to help companies detect fraud detection on mobile transactions taking place on its network.

Digital banking, marketing analytics and the 'omnichannel' top bankers' technology shopping lists for the coming year.

Mortgage technology developer Optimal Blue today acquired its largest competitor, LoanSifter, in a deal that combines the two largest standalone developers of mortgage product eligibility and pricing engines remaining in the mortgage industry.

It is the season for added expenses and, for many, worrying about cash flows. Financial service providers report holiday products are popular with customers, though not a money-maker. Next-generation financial management software could let people segment their money into goals through one account.

After clashing with regulators and being blacklisted by many banks and credit unions, many emerging-payments companies are seeking a warmer welcome outside the U.S.

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.