Bank technology

Midwestern grocery store Schnucks said over the weekend that its terminals were being used by criminals to capture customers' credit card information at the checkout counter.

JPMorgan Chase took to Twitter on Monday afternoon to tell customers its website was "experiencing intermittent issues" and to recommend customers use its mobile service while the company worked it out.

Bank divisions of The Royal Bank of Scotland Group suffered from a mobile banking app glitch for a few hours late last week. The outage affected mobile banking customers at RBS, NatWest and Ulster Bank.

The Minneapolis bank is adding new imaging and location-aware features to its mobile banking apps.

CTS North America has released new systems for on-demand card issuance.

Defi Solutions has launched a loan-origination application for mobile devices.

Creditex founder, Sunil Hirani, is heading first CFTC-approved exchange for interest rate derivatives.

Silicon Valley Bank has launched a mobile banking app for U.S. commercial clients.

American Express endured a cyberattack on Thursday that left some customers unable to access their accounts.

An influential U.S. lawmaker is preparing legislation that would punish companies from China and elsewhere that use secrets stolen by cyber thieves.

StrikeForce Technologies is accusing Fiserv, First Midwest Bancorp and PhoneFactor of encroaching on its technology for protecting customers of financial institutions from online identity theft.

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Patelco Credit Union, which suffered website outages in February after two hacker attacks, said it has hired Kevin Landel as its new chief information officer.

On the heels of a successful technology deployment at a large South African bank, Entersekt has opened up shop in America, looking for large U.S. financial institutions to count as customers for its digital transaction security technology.

IBM said it has completed an upgrade of software and systems at Keystone Bank in Lagos, Nigeria, that has enabled the bank to speed service and operate more efficiently.

Human judgment should never be left out of risk models, cautions the CEO of analytics software company SAS Institute.

BankersLab has released an app designed to help bankers learn best practices and the basics of collections management.

Vendors of social media compliance software are expecting a nice boost from the FFIEC's complex new rule proposal.

Bank of America Merrill Lynch (BAC) has released two new software applications that address new cross-border payments regulations in the Dodd-Frank reforms.

Coastal Credit Union in Raleigh, N.C., has announced plans to convert to a core platform from Symitar, a division of the financial technology firm Jack Henry & Associates.