Bank technology

The security services unit of Stanley Black & Decker (SWK) said Monday it has formed a partnership with EyeLock, a developer of identity management software that authenticates people by scanning their irises.

American Express is making its Bluebird prepaid card an even closer competitor to banks by adding FDIC insurance and increasing account limits to the prepaid card.

Bell State Bank & Trust in Fargo, N.D., has chosen Mobiliti, Fiserv's mobile banking service.

Misys is launching a new suite of software aimed at helping banks better target and manage online and mobile customers.

Startup CommonBond crowdsources funds from alumni members and interested investors to establish a loan pool for student lending.

Cardtronics (CATM), the largest independent operator of ATMs, faces a large fine for failing to make its machines accessible to the blind as required by a class-action settlement.

Social media poses daunting dilemmas for bankers who must grapple with new security, regulatory and reputational challenges.

Randolph-Brooks Federal Credit Union announced Friday that it has chosen tech vendor Andera's online account opening and lending software.

Changes in regulation, the economy and technology have brought the retail banking industry to multiple crossroads. Some of the country's most senior bank executives gathered this month to ask each other for directions.

Yasmin Zarabi discusses steps financial institutions can take to prepare for social media compliance with impending regulation from the Federal Financial Institutions Examination Council.

Temenos, the Geneva-based core banking software maker, is buying TriNovus, an Alabama-based developer of software-as-a-service for community banks.

As investigators work to assess who is behind a cyberattack that shuttered banks in South Korea on Wednesday, details are emerging that can help U.S. banks learn from what happened overseas.

To the detriment of consumers, innovations in banking tend to be conservative, late, and incremental, despite top talent and plenty of ideas. Is regulation backfiring?

Execs at a Big Data conference dish on the future of analytics applications.

TD Bank was the victim of a cyberattack this morning that rendered its mobile banking and online banking systems inoperable, a spokesperson confirmed.

CIO Charaka Kithulegoda explains in an interview how and why Canada's largest online bank is letting people bank through Facebook.

Money was never meant to be a method of supranational identity tracking. Its use in that way could signal law enforcement desperation. When all other tactics fail, surveil the finances.

Hackers paralyzed two of South Korea's biggest banks for hours on Wednesday, highlighting a threat to financial networks from electronic intrusions.

A Federal Bureau of Investigation debacle that started with federal agents sending thousands of "national security letters" to banks, phone companies and others asking for customers' information has ended with a San Francisco federal judge ruling those actions unconstitutional, according to a post on The Heartland Institute's website.

Freedom Credit Union in Pennsylvania has adopted the Teller Management System from Financial Management Solutions (FMSI).