Bank technology

Microsoft (MSFT) has teamed with federal law enforcement to disrupt the technology supporting a cybercrime ring that has drained funds from accounts at some of the nation's biggest banks.

Computer hackers who target U.S. agencies and companies on behalf of countries such as China and Russia would be denied entry into the U.S. and have their bank accounts frozen under legislation to be unveiled Thursday.

Branch transaction volumes are dropping but many banks continue to view physical facilities critical to acquiring customers, originating loans and branding businesses: The branches just need a different, lower-cost design.Wells Fargo (WFC), Bank of the West and Umpqua (UMPQ) are among the banks scaling down branches and eliminating teller windows. Here's a photo sampling of branch concepts that do away with the need for larger real estate.

U.S. Bank is one of the latest financial institutions to equip branch employees tablets, to show customers how to do banking-related activities.

Financial institutions need to step up the security they provide for mobile banking, experts on a panel at the Mobile Banking Summit agreed today.

To survive, Bitcoin businesses will have to do more than "de-anonymize" their operations. They will also have to cope with the loss of the digital currency’s most fundamental characteristic: irrevocability.

While face-to-face interactions may be nowhere near the most common banking transaction these days, they continue to have an inordinate influence on how customers think and feel about a bank. We cannot afford to waste them.

The plan President Obama announced Tuesday to crack down on patent assertion entities or "patent trolls" was met with approval by attendees at the Mobile Banking Summit in Miami.

With consumers cherry-picking mobile banking apps, the industry is facing a dramatic transformation in how it develops and popularizes products, say execs from Wells Fargo, USAA and Citi.

Banks are increasingly competing with nonbanks to develop products for low-income and underserved customers. Here are the crucial questions they need to ask about regulation, technology and the competitive landscape.

President Obama's moves to rein in patent litigation should ease the squabbling over intellectual property that's hampered innovation in payments and should also reduce banks' legal costs.

The computer maker is aiming its all-in-one server, storage and network appliance at bank and other retail branches that have little or no IT staff.

Charaka Kithulegoda, CIO of ING Direct Canada, encouraged fellow bankers to go beyond the status quo during his keynote address at the Mobile Banking and Commerce Summit.

Shamir Karkal, the fintech company's CFO and co-founder, was a speaker at the Mobile Banking and Commerce Summit this week in Miami.

BBVA Compass announced Monday that it's offering Mitek's (MITK) Mobile Photo Bill Pay technology to its retail customers.

Citigroup said Monday that it has launched a mobile version of its CitiManager desktop portal. The management tool allows corporate cardholders to check in on accounts, statements and transactions.

The Houston company said Monday it has purchased the assets of Merrimak ATM Group of Rohnert Park, Calif. Financial terms were not disclosed.

The nation's largest mutual has been an early adopter, using the Internet to market and originate small-business loans.

The financial software company Misys has introduced a new system to aid banks in managing risk.

Hewlett-Packard announced Monday that Spanish banking company NCG has chosen HP's Fortify service to assess the security of its software.