Bank technology

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With just two weeks left before Congress takes a holiday recess, lawmakers are stepping up efforts to deter frivolous patent lawsuits against banks and a host of other companies.

Although admittedly late to the game, the Buffalo bank is getting enthusiastic response to its mobile banking app.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg said the agency plans to release a report next year exploring how mobile phone use could help expand access to banks.

The chairmen of BNY Mellon and Signature Bank tackled cyber threats, the future of interest rates and "too big to fail" in a wide-ranging discussion on the state of the industry.

JPMorgan Chase is warning 465,000 holders of prepaid cash cards that their personal information may have been accessed by hackers who attacked the bank's network earlier this year, Reuters reports.

A new technology announced Thursday morning by ID Quantique encrypts data traveling between data centers. One target market is large banks, such as Bank of America, JPMorgan Chase and Citi, that run multiple data centers in the U.S.

Nacha says the industry wants faster processing and is “working to make it happen in a way that is a win-win for all.” The biggest banks are in no rush.

As NCR Corp. proceeds with the tech acquisitions it announced this week — Digital Insight and Alaric Systems, linking the new software with existing solutions and helping employees and customer newbies feel comfortable with their parent brand are NCR's initial priorities.

American Banker's digital news coverage took top honors at the 2013 Eddie & Ozzie Awards Thursday.

A Bain study of customer loyalty among bank customers confirms what most of us already know — outstanding digital banking offerings and customer happiness go together.

Building on a successful track record of developing in-house applications, such as a mobile banking app called Sprig, Maps Credit Union has furthered its technological reach by working with a college intern to develop the CU's latest offering - an app called "Buy Local."

RevolutionCredit is looking to partner with creditors on its behavior data software for underwriting and prospecting.

Westpac is soliciting U.K. developers and designers to enter its new mobile and web banking app crowd sourcing idea contest.

PNC Bank has added a new twist to its annual tongue-in-cheek Christmas Price Index, which estimates the cost of gifts mentioned in a famous holiday jingle.

Mint, a personal financial management tool from Intuit that inspired entrepreneur copycats worldwide, announced Wednesday an app for the Windows 8.1 and Windows Phone 8 operating systems.

Industry observers note how quickly Thoma Bravo LLC made a profit on a company it just acquired in August, and call the purchase a coup for NCR that could help it satisfy a technical need among banks: better consistency among channels.

Flying drones aren't just for Amazon package delivery. The financial industry could use the aerodynamic robots in myriad ways.

Royal Bank of Scotland Group Plc, Britain's biggest taxpayer-owned lender, apologized for a technical fault that left customers unable to access accounts and offered to compensate those who have lost money.

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.