Bank technology

Nigel Morris, who co-founded Capital One and is now with an investment firm, has become chairman of the alternative lender borro.

Lending technology start-up On Deck announced Wednesday that it has raised $42 million in a Series D financing round led by Institutional Venture Partners.

Citigroup (NYSE: C) announced Wednesday that it has begun using a corporate-to-bank Swift message type for multinational corporate clients.

NetSpend Holdings (NTSP) earned $10.1 million in the fourth quarter of last year, a 5% increase from the same period a year earlier, the company announced Wednesday.

Visa Inc. and MasterCard Inc., the world's biggest payment networks, won dismissal of a price- fixing lawsuit brought by a group representing operators of automated teller machines.

Mobile banking innovator USAA announced Wednesday a milestone: more than five million members have downloaded its mobile apps.

Huntington Bancshares (HBAN) plans to upgrade hundreds of its automated teller machines to add image-capture technology, and will roll out mobile deposit later this year.

Software maker Glyph has a new relationship with Yodlee, a mobile app update and a new web app designed to help consumers decide which credit card to use at checkout.

The banking industry and outside observers weighed in Wednesday on a White House order that aims to bolster protection of the nation's critical infrastructure against cyberattack.

PayPal, Lenovo and other industry heavy hitters are banding together to deploy new biometric authentication tools in a bid to beat back cyber-criminals.

American Express' move into social payments could be a boon for the transaction type, bringing to it what startups could not: marketing.

Visa's launch of a plug-and-play mobile money platform speaks to a rapidly maturing trend of using mobility to spread financial services to underbanked consumers and developing countries.

Retail banks must start innovating, improve integration across channels and consider charging fees for services to maximize their return on investment.

The White House issued an executive order on Tuesday that aims to strengthen protection of the nation's critical infrastructure against cyberattack.

The marketing analytics software company announced Tuesday a new app that shoots offers and rewards to opted-in bank customers' Facebook inboxes.

Developing new online platforms to lower APRs to 365% is a waste of resources. Instead, lenders can tackle the payday problem by partnering together, cultivating loyalty and capping expected default rates.

The White House is expected to unveil an executive order on Wednesday that aims to bolster safeguards against cyberattacks for industries deemed vital to the nation's well-being.

Continuity Control announced Friday that it has been endorsed as a preferred provider by the Community BancService Corporation (CBSC), a subsidiary of the Community Bankers Association of Illinois that recommends products and services to banks.

Core-banking tech provider Jack Henry is expanding the services it offers banks and credit unions by offering support for prepaid cards, with assistance from TransCard.

The traditional payday loan structure should cease to serve as the standard by which innovation in this credit space is measured.