Bank technology

The purchase of NetSpend, which came at a hefty price for TSYS, signals that the prepaid card industry has come into its own.

International Business Machines Corp., the world's biggest computer-services provider, will double its investment in mobile technology this year, not including acquisitions it could make in the industry.

A study of consumer preferences and bank deployments finds mobile imaging — used to deposit checks, to pay bills, and to use credit cards — is highly popular on both fronts.

By offering a card swiping device combined with an iPad, cash drawer and printer, the payments startup has a more complete and appealing offering for small merchants.

VeriFone Systems tumbled as much as 35% in late trading yesterday after the maker of credit-card terminals forecast second-quarter profit that missed analysts' estimates.

Core processing software company COCC is teaming with Online Resources Corp. to deliver a digital banking platform for community banks and credit unions.

Wipro Gallagher has upgraded its loan-origination system, NetOxygen, to provide more detailed and accessible loan information.

Many problems with payday products are concocted by activists and politicians with mercenary intent who are more interested in squelching innovation than letting people make choices for themselves.

Katahdin Trust Company in Houlton, Maine, has chosen Fiserv’s core banking platform along with a host of other services from the fintech company.

Social media is great for marketing. For customer authentication, not so much.

GreenSQL has introduced security software for users of Amazon's (AMZN) cloud.

NatWest, a member of the Royal Bank of Scotland, has released an app for the Windows Phone 8 platform.

For the processor Total System Services (TSS), buying the prepaid card marketer NetSpend (NTSP) is transformational. For NetSpend it's going to be business as usual, the companies say.

A unit of the Chinese army has been launching advanced persistent threat attacks against U.S. organizations including banks. Security software company Mandiant’s chief security officer offers insight and advice.

Payment processor TSYS (TSS) is bolstering its position in the prepaid card market through big acquisition.

The new automated teller machine design Wells Fargo & Co. (WFC) announced Monday is meant to provide a more customized experience for customers, an executive at the bank says.

Banking technology firm Calypso has expanded its quantitative staff with the addition of a new director of financial engineering.

Fiserv has launched an online portal designed to provide a simpler and more cost-effective way for financial institutions to monitor their performance and risk.

With the clock ticking for ATM owners to begin accepting EMV chip cards, BPC Banking Technologies plans to bring software to the U.S. to help banks navigate the complex conversion to smart-card technology on their ATM fleets.

The bank has begun providing account balance forecasts for interested online banking customers, signaling a continuing trend of financial services players offering consumers deeper insights into their own transactions.