Bank technology

So far, threats by Anonymous to shut down U.S. banks with distributed denial of service attacks this week has turned out to be idle.

The majority — 66% — of small business owners use mobile devices in their work, according to a survey conducted by Constant Contact.

Mauch Chunk Trust Company in Jim Thorpe, Pa., has renewed its contract with First Data.

Developers should consider incorporating rewards and other tools such as receipt tracking in new mobile payment applications to promote broad adoption.

The hacker collective Anonymous has joined with groups throughout the Middle East and North Africa to vow a series of so-called denial of service attacks this Tuesday against financial institutions, other U.S. firms and government agencies.

Innovation has been critical to the Kansas City, Mo., bank ever since it introduced the first drive-up window nearly a century ago. Chief executive Mariner Kemper and Chief Financial Officer Michael Hagedorn discuss their strategy for mixing proprietary and off-the-shelf technologies in their bid to keep a step ahead of the competition.

When experiments in lending are properly organized and priced, they can be successful for borrowers and lenders of all income groups, even in tough times.

The CEO of UMB Financial believes the time has come to rethink branch technology, to speed service and cut costs.

Cash transaction network PayNearMe announced the addition of six-year Wells Fargo veteran Billy Robins as vice president of business development.

Bank is letting small business cardholders create a tagged and searchable archive of receipts to help with billing tasks.

State Employees' Credit Union will use Wincor Nixdorf's automated teller machine software.

Hearsay Social's new sales software pushes financial advisors to reach out to customers and prospects when they post personal news on Twitter, Facebook and LinkedIn.

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

Big banks and regionals have been pounded by denial of service attacks but small banks less so. Bank Technology News staffers discuss what community bankers should do to prepare for the risk that cyber-criminals will target them next.

HP Autonomy has added Rabobank as a customer for its information management software.

Instead of downsizing, banks should reposition big branch networks to protect their ground from nonbanks and tech companies trying to infiltrate the financial services space.

The White House says the nation needs new laws to reinforce its cyber defenses but that the push should not come at the cost of privacy.

If they get on their high horse, bankers risk coming off as disingenuous. Concentrate instead on developing products that will help consumers meet a specific financial goal.

Customer satisfaction with BMO Harris fell after it bought Marshall & Ilsley thanks to a customer-service glitch and other issues, showing how hard it is to integrate acquisitions.

BitPremier plans to broker luxury items like condos, jewelry and designer watches exclusively via the digital currency bitcoin. Behind the venture is SecondMarket CEO Barry Silbert.