Bank technology

Vasco will pay approximately $20 million in cash for the Cambridge, U.K.-based Cronto, with certain conditions that could push the final payout to $22 million, the companies said Monday.

Indiana Members Credit Union in Indianapolis has switched to Jack Henry & Associates' core-processing system.

Umpqua CEO Raymond Davis expects banks to focus on customer service and building smaller branches in the years to come.

Experian announced Tuesday that a division of its marketing services department, QAS, has launched phone number verification software that can differentiate smartphones from landlines.

The U.S. government's push to fortify the nation's cyber defenses should complement industry efforts, bank and credit union lobbying groups are expected to tell Congress on Tuesday.

National Regulatory Services, a maker of compliance software, has upgraded its ComplianceMAX platform. The software helps broker-dealers, advisers, banks and insurance companies handle audits, complaints, and registration.

Capital One is employing a technology called responsive design that changes the appearance of its website for desktop, smartphone and tablet devices.

Bloomberg LP has hired a consulting firm with significant ties to financial regulators to help review its privacy policies.

Hackers backed by China's military appear to have resumed a campaign of cyberattacks on U.S. businesses. The targets, which in previous attacks included financial firms, are thought to remain the same.

First Trade Union Bank unveiled an app for iPad that includes standard mobile banking feature such as allowing customers to deposit checks, pay bills, schedule payments and view accounts.

BNP Paribas announced Hello bank! will be rolled out this summer to four European markets.

With the ever-increasing regulation burden, community banks with small staffs struggle to keep up with new and changing rules. Some have deployed software to streamline their compliance to-do lists. Bank of the Sierra in Porterville, Calif., is one of them.

Wave Systems (WAVX) has developed a system for online authentication that relies on verifying a user's device ID.

BTN reporter Sean Sposito is at the FinovateSpring startup showcase in San Francisco this week. Here are several companies that piqued his interest.

A partnership between SAP and CSC could disrupt the U.S. core banking market at a point when many banks are looking to modernize their systems.

BitPay, which processes payments for merchants in the virtual currency Bitcoin, has attracted some investors with a pedigree in pioneering alternative ways to send and receive money (PayPal).

The Treasury Department has moved to rein in Mt. Gox, the world’s largest exchange for the all-digital currency Bitcoin. The move raises the specter that the government is intent on eliminating anonymous Bitcoin transactions, which could dramatically reduce the currency’s allure to many users.

At least two startups who demoed at Finovate this week are trying to step in between banks and commercial borrowers in the same way peer to peer lenders already have — with crowdfunding.

Analyze data to tailor offers and draft sales pitches that customers, particularly those visiting branches, will have a hard time refusing.

nCino, which sells cloud-based bank operating software, scored a new client in Square 1 Bank of Durham, N.C.