Bank technology

More than two billion people worldwide do not have a bank account, but do have a mobile phone, making the device a direct conduit to an underserved demographic.

Updates to Ellie Mae's Encompass360 software were written to accommodate the needs of Citigroup's mortgage arm.

Patent trolls generally prefer to avoid any decision on the merits at all costs, as an adverse ruling may damage their ability to file future cases. With that in mind, smaller institutions should feel comfortable drawing a line in the sand for a fair settlement.

Many Hurricane Sandy-damaged businesses are back in business with one big caveat: they still can't accept credit or debit cards. That's put a focus on new payments technologies able to withstand natural disasters.

NICE Systems, an Israeli tech vendor, is signing up banks to participate in its Contract Center Fraud Prevention service which hedges against wire transfer fraud.

The New York Times reported that the long-time rumors that Iran is behind a swath of distributed denial of service attacks on banks are true.

USAA is allowing users to snap photos of blank checks to help fund a new checking or savings account and solve the "fat finger" problem.

Juniper Research predicts that more than one billion mobile phone users will have used their devices for banking purposes by the end of 2017.

Passwords are too easily to hack or forget. That's why banks are testing alternatives like voice, fingerprint and iris-based authentication.

The common enemy of electronic payments is cash, and so any technology that makes it more convenient and more rewarding to use a credit or debit account is good for business.

Bank Mortgage Network uses business process outsourcing, and a dash of auto manufacturing, to mitigate a complex regulatory environment for mortgage originators.

The subsidiary of Sydney-based OzForex Group is looking let American banks white-label its foreign payments and money transfer services.

Antivirus software is essential to banks and their online and mobile banking customers. AV-Comparatives has tested 25 products to determine which are the most effective.

A group of angel investors including SecondMarket founder Barry Silbert has invested $510,000 in BitPay, a firm that processes payments for merchants in the digital currency Bitcoin.

Edward Ho ran the capital markets division at Misys for nine years and has taken Michael Sgroe's position at Fundtech.

Bync, a new transaction-based deals hub, hopes to line up exclusive merchant relationships.

ICBA Bancard is partnering with the payment processor Vantiv to provide payment services for the Independent Community Bankers of America's member banks.

FICO announced Friday it has moved its headquarters to San Jose from Minneapolis.

Emerging tech promises to help companies produce scalable mobile alerts, marketing and other messages, if banks are willing to turn to remote hosting for a large piece of their marketing and communications.

Make sure each of your bank's initiatives is explicitly designed to eliminate uncertainties as rapidly as possible so any failures are small, quick and survivable rather than interminable and deadly.