Bank technology

App development for multiple mobile devices and countries is also on the agenda for the bank's wholesale banking division.

PNC, like many other banks, is migrating to HTML5 in hopes its online banking site will play well on a variety of mobile devices.

Its website apparently hit with a distributed denial of service attack, the bank has taken to Twitter and Facebook to keep customers informed.

Apple introduced its Passbook app — a wallet that stores other mobile wallets — alongside the iPhone 5 in September. Three months later, has Passbook revolutionized mobile payments? Or is it starving from lack of support? (Image: Bloomberg News)

Wells Fargo CTO Joseph Kissel moving to Florida bank.

Monitise also hopes a new round of investment will help build out its mobile money strategy.

Customer data software meant to help banks provide personalized pricing and cross-sell financial products and services.

Bank of America's efforts to increase mobile usage include the use of QR codes for quick app downloads.

Consumers National bought its new mortgage lending software before hiring staff for the new department.

VeriFone, a payment terminal company, now owns the entire Vegas transportation market.

Innovations can fail catastrophically, as was the case for the mortgage and securitization innovations that precipitated the crisis. Valuable innovation profitably and honestly delivers greater perceived value to customers, without incurring disproportionate cost and risk.

Several banks that were victims of a fall round of distributed denial of service attacks, including JPMorgan Chase and Bank of America, are likely to be hit again.

Birmingham, Ala.-based BBVA Compass announced Monday enhancements to its iPhone app. The latest version comes in both English and Spanish.

Todd Park is hardly a civil service Yes man. He's a presidential scholar with a Harvard degree and two successful start-ups under his belt.

National Australia Bank has opened a social media command center that will staff employees to respond to customer comments delivered in its social media channels seven days a week.

American Banker's Innovator of the Year launches a new barcode-based gift card that can be redeemed through the Square Wallet, Apple's Passbook, or paper printouts.

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Chase Paymentech has renewed a long-term exclusive referral and marketing agreement to provide Scotiabank's Canadian business clients with e-commerce and card-present payment processing options.

City National Bank in Los Angeles has hired two Comerica Bank veterans who cater to high-tech and biotech clients.

The biggest ATM security issues continue to revolve around physical tampering of the machines that enables card skimming and card and cash trapping, according to a global survey.