Bank technology

The U.S. crackdown on Liberty Reserve is stoking fears that the government may effectively cut off digital currencies like Bitcoin as banks sever ties with businesses in this growing field.

The $385 million-asset credit union has begun using FMSI's Teller Management System, the Atlanta-based technology company said Wednesday.

Guy Chiarello, JPMorgan Chase's (JPM) chief information officer, is leaving the company.

The crackdown on Liberty Reserve underscores the importance of regulatory expertise to digital currency startups. No wonder Liberty City Ventures (no relation to the indicted company) retained former Treasury officials as advisors.

Congress is pushing ahead with legislation aimed at requiring financial institutions to share information about cyber threats. Banks are pushing back, however, over fears that they'll get caught between new disclosure requirements and demands that they protect customers' privacy.

The global technology company said Wednesday that Conestoga Bank in Chester Spring, Pa., is adding two NCR's interactive tellers at its Bankwerx branch in Wayne, Pa.

With consumers taking to tablets and smartphones for more of their computing needs, the demand for PCs continues to dip, according to a new report published by IDC.

Norcross was appointed to the Jacksonville, Fla., company's board on Wednesday. He became president of FIS last year, and has held a range of positions in his 25 years with the company.

The Columbia, Mo., lender plans to deploy Ellie Mae's Encompass360, which lets users originate, close and manage mortgage loans, after testing the service for a year, the companies said Wednesday.

A young company called Bionym is testing a wristband that it says will authenticate online and mobile banking customers through a quick electrocardiogram.

American Banker debuts a monthly gauge of U.S. mobile banking activity among banks and their customers.

The Treasury Department has proposed a rule designed to seal off the U.S. financial system from Liberty Reserve, the digital currency issuer authorities charged Tuesday with laundering more than $6 billion for criminal groups.

The threat of cyberattack is an increasingly hot topic in Washington, but political interest alone appears unlikely to provide enough momentum to get cybersecurity legislation supported by banks passed this year.

Liberty Reserve SA and seven individuals were indicted in what federal prosecutors in New York called an international money-laundering conspiracy that handled more than $6 billion in criminal funds.

A D.C. lawyer helps sift through regulators' specific requirements and what complying with them will mean in real life.

Either prepaid will move to mobile or prepaid will have to be repositioned toward a more value-added proposition.

Fidelity National Financial (FNF) announced Tuesday that it acquired Lender Processing Services (LPS), confirming rumors that the two had been making plans to make a deal worth $2.9 billion.

Fidelity National Financial Inc., the largest U.S. title insurer, agreed to acquire its former unit, Lender Processing Services Inc., to expand in the business of providing and analyzing mortgage data.

For at least the second time this spring, divisions of the Royal Bank of Scotland Group were affected by a mobile banking outage caused by an IT glitch.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.