Bank technology

Lending Processing Services (LPS) is adding former Treasury Secretary John Snow to its board, the mortgage processor said Tuesday.

Equifax and TransUnion, two of the three biggest U.S. credit-reporting companies, said they uncovered cases where perpetrators gained illegal, unauthorized access to users' information.

The future of retail banking has rarely been murkier. Here are five questions about branches, layoffs, technology and revenues that bankers need to be asking.

Grupo Financiero Banorte seeks to better understand its 20 million customers, and is investing in IBM's master data management software to do so.

The White House is calling on the Chinese government to halt its alleged program of cyber intrusions on U.S. businesses and to discuss diplomatically what constitutes tolerable conduct for both countries in a digital age.

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

Payment systems provider ACI Worldwide (ACIW) has completed its acquisition of Online Resources Corporation (ORCC) in an all-cash transaction for $3.85 per share. But the deal should not impact ORCC’s ongoing projects with its financial institution clients, ACI said.

Arvest, an Arkansas bank, is arming mortgage servicing associates with better information and getting ready for new CFPB rules.

As banks seek to bolster defenses against fraud involving wire transfers and other transactions, some experts argue that they should be looking to people rather than technology for answers.

The companies said Monday they will work together to develop new models to help lenders assess the risk of lending to consumers with little to no credit history.

Harland Financial Solutions has added three customers for its core processing platform.

Fiserv has added another customer for its online billing platform.

Michael Duffy, president of Chase Paymentech, passed away Thursday night. He was 54.

As a newcomer to the small business market, Heartland Financial wondered how it could quickly become competitive. An app that analyzes historical credit data for quick, accurate lending decisions helped.

Armin Ajami shares the results to date for the bank's new iPad app and a few future plans.

The social network announced changes to its news feed that include larger photos, videos and specialized content areas that could benefit banks, provided they make a few changes to their social media approach.

The San Antonio bank and insurance outfit is taking another look at its current support for Windows 7 and possible future Windows 8 app.

As a hardware problem brought down its website, Royal Bank of Scotland customers vented over Twitter and Facebook.

Augmented reality has the potential to enhance customer service and promote sales during customers’ in-store transactions.

ATM maker Cardtronics announced Thursday that its British subsidiary has purchased a developer of marketing and advertising software and services for ATM owners.