Bank technology

USAA, known as a leader of innovation within the financial space, will launch its Virtual Mobile Assistant feature to select iPhone customers on March 5th. The company gave BTN a sneak preview.

PayPal Inc. plans to launch a chip-and-PIN version of its mobile card reader, called PayPal Here, in the UK this summer.

To help financial institutions prepare for Foreign Account Tax Compliance Act provisions that will begin to go into effect in 2014, Oracle (ORCL) Thursday introduced Oracle Financial Services Foreign Account Tax Compliance Act Management software.

The acquisition by TSYS of prepaid card company NetSpend means the payment processor will manage a delicate balance between being a vendor to banks and being a consumer-facing company.

The New York credit card company said Thursday that it has added Anne Lauvergeon, a partner at Efficiency Capital, and Samuel Palmisano, the retired former chief executive of IBM (IBM), as directors.

Fulcrum Biometrics has reached an agreement to sell low-cost iris-recognition scanners that can be used in banking and mobile security systems.

Wolters Kluwer Financial Services announced today that its DocOne Internet-based document library now offers mortgage servicers on-demand access to the company's residential mortgage pre-foreclosure compliance content.

In a recent American Banker Research survey, 30% of bank executives said they plan to increase spending on risk management technology in 2013. Asked further which types of risk management software they plan to buy, 58% of those bankers said they'll invest in enterprise risk management.

Citigroup, Bank of America and Wells Fargo hauled in the most medals in Corporate Insight's annual comparison of banks' websites, but smaller players such as KeyBank and Ally Bank also made an impression.

OSG Statement Services announced a partnership with Geezeo Wednesday that will bring personal finance management data to credit union members' statements.

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.