Bank technology

IBM announced Wednesday that it's working with Monitise (MONI), a British mobile financial technology company, to create mobile banking, payment and commerce services for the cloud.

In a unique partnership announced Wednesday, City National Bank is working with cloud-based accounting software company Xero to integrate its online banking site for small-business customers with Xero's technology.

A new outsourcing model breaks work up into tiny pieces and farms it out to large groups of freelancers, taking advantage of "cognitive surplus."

Two years after a data breach that compromised hundreds of thousands of customer accounts, Citibank has agreed to pay a $55,000 settlement to Connecticut.

In an effort to battle Chinese hackers, Australian researchers are working on facial recognition technology, according to reports.

Marketing data analytics company Acxiom has announced that it will begin letting consumers see some of the data it's collected on them.

A new wearable computing wristband from Canadian startup Bionym that is expected to ship in early 2014 could be used to unlock banking apps and doors.

Australia's ANZ Group is launching a smartphone app called ANZ Transactive Mobile that it says helps streamline cash management for corporate customers.

Black Hills Federal Credit Union announced enhancements to its digital banking services made possible through the use of technology from Fiserv.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

Retail giant Target is touting its success with a debit card that poses a threat to banks, but it's unclear whether other merchants will be able to follow suit.

BBVA Compass CIO Sergio Fidalgo has been promoted to head of applications and architecture for the bank's parent company, Madrid-based BBVA Group.

Former Citigroup payments executive Raja Rajamannar will be the new chief marketing officer at MasterCard, effective September 9.

City Bank Texas's latest mobile update points to its greater goal of enticing customers to a lower cost channel while also solving customer pain points.

Antivirus and security software company Kaspersky Lab reported good and bad news Thursday in its latest look at the state of spam and phishing all over the world. The amount of spam and phishing attacks being generated remains steady, but malicious email attachments are increasing, the most popular of which are banking Trojans.

The U.S. is planning for a possible wave of computer attacks against banks and other companies by hackers connected to Syria or Iran in retaliation for any military strike against the government of Bashar al-Assad, according to a person familiar with the planning.

PNC Financial Services (PNC) has completed an initiative to upgrade 3,600 ATMs across all of its regions.

Wells Fargo (WFC) is temporarily waiving all fees on remittances to the Philippines to make it easier for customers to send aid to flood victims in the Southeast Asian country.

Banks have good reason to pay attention to the cyberattack that hit the New York Times, Twitter and Huffington Post websites.