Bank technology

Virtual Piggy has joined the list of fintech companies and banks to host hackathons to spot talent — in this case, one geared at individuals 19 and younger and taking place in December.

The European Parliament demanded a halt to bank-data transfers to U.S. counter-terrorism investigators because of possible violations of privacy, the latest international outcry over alleged American spying.

Paychex and Biz2Credit have teamed up to offer an online loan resource center that gives small-business owners access to capital from more than 1,200 lenders.

Getting corporate cash management services to work smoothly on all devices is a time-hogging project. Wells Fargo will be piloting its new responsive design site through the end of the year.

Tech firms SAP and SAS have announced their collaboration on a data analysis platform.

Banks and payments companies are trying to develop new technology for customers' evolving needs, including person-to-person payments. But many of these new innovations must measure themselves against Square and its success. Daniel Wolfe, Editor-in-Chief of PaymentsSource, reports from SourceMedia's ATM, Debit and Prepaid Forum.

Apple announced iPad Air and iPad mini on Tuesday, its latest tablets that will go on sale in November. The news comes on the heels of Microsoft releasing its latest tablets, Surface 2 and Surface Pro 2, in stores Tuesday morning.

As Fexco and First Data demonstrated an ATM this week that lets consumers use a mobile phone instead of a card for access, they emphasized that the bank is at the heart of the offering — everything about the technology could be changed to the bank's whim.

Can credit bureaus be trusted with consumers' data? An investigation conducted by security blogger Brian Krebs calls the practices of these stewards of consumer credit histories into question.

The new qualified-mortgage rule is pressuring vendors of loan origination systems to work with lenders to re-code their systems. There's a lot of work to be done before the Jan. 10 deadline.

OnBudget seeks to build customer retention for prepaid cards by incorporating personal financial management tools that digitize a budgeting system popular among consumers.

The cost to originate a home loan is skyrocketing as lenders try to comply with stricter rules to catch problem loans. Technology would better automate the loan process, but can small lenders justify the investment?

Staff in the call centers and elsewhere are fed current information about the customer's holdings and activity throughout the bank and suggestions about what to advise or offer in that moment.

Lendio, a Utah startup that has served as an online small business loan lead generator for banks, has expanded its services to include a management tool designed for small business lending departments.

MasterCard is rolling out a service to allow its corporate clients to monitor and control travel costs.

CFPB director Richard Cordray told attendees at the American Bankers Association's annual conference that the bureau will be flexible with banks that make "good faith" efforts to comply by January.

Online investment management service Betterment LLC will acquire ImpulseSave, a startup that designs software meant to encourage people to save.

Former Amex executive David Bonalle has created an analytics center of excellence and is ensuring that every major decision at the bank is backed up with numbers.

The person-to-person payments market is heating up and has banks going head-to-head with a pack of crafty upstarts. At stake is a service that, after numerous false starts, may be on the verge of replacing cash for a wide range of transactions.

Customers want to bank in the most convenient way for them. Banks don’t need to close their branches necessarily, but they certainly must transform them to address this fundamental shift in behavior.