Bank technology

Retiring Visa CEO Joseph Saunders and his successor, JPMorgan's Charlie Scharf, spoke with American Banker about the challenges facing the card network, the changing payments industry, mounting regulations and the importance of an orderly leadership transition.

Zillow, the online real estate company, said Thursday it has added information on 1.8 million pre-foreclosure and foreclosed homes to its site.

The technology that lets a user deposit checks by taking photos of them with his smartphone is being applied to mortgage documents, though with some limits.

When Northeast Bancorp decided it wanted to develop a national customer base, it launched a division within its 10-branch banking unit that would be online only and go by another name: ableBanking.

The group staging denial of service attacks on U.S. banks has called a cease fire in recent days, but the malicious activity is expected to resume. Fortunately, banks have effective counter-measures at their disposal.

Mitek Systems (MITK) is planning on selling the mobile imaging software it already licenses to Progressive — which allows the auto insurer's customers to take pictures of their driver's license and documents — to other parties.

Banks looking to reinforce their defenses against data theft may want to start with their automated teller machines.

A state law that eased restrictions on credit card rates in Ohio influenced the move, the Columbus company said.

Longtime JPMorgan Chase banker Charlie Scharf looks like the safe choice to replace retiring Visa CEO Joseph Saunders. But for the "top dog" payments network, safe is usually wise.

Between the cost of doling out the smart cards, consumer education and the need for new terminal technology, banks aren't likely to jump into issuing EMV cards just yet.

PointsPay's new mobile app lets users turn loyalty points and miles into immediate cash that can be used at almost any merchant, a market that's also being chased by Amex and Edo Interactive.

Barnes & Noble bookstores has informed federal law enforcement authorities that "a sophisticated criminal effort" has potentially exposed customers' credit and debit card information to hackers.

Rather than feel threatened by prepaid card efforts by Walmart, AmEx and JPMorgan Chase, NetSpend CEO Dan Henry believe the effect on consumer education those products will have can benefit his company.

Square Inc., which has been promising to expand internationally since it received a $25 million investment from Starbucks Corp., said today it is making its mobile-pay product available in Canada.

Visa CEO Joseph Saunders will retire on November 1, giving the reins of the world's largest payments company to longtime JPMorgan executive Charles Scharf.

Marble Access provides an end-to-end hardened environment that protects against Trojans, man-in-the-middle, man-in-the-browser, malevolent Wi-Fi networks and DNS poisoning attacks, Marble Cloud, formerly known as IronKey, said last week.

Numerica Credit Union recently held what amounts to a happy hour at its branches, except instead of cocktails, people were given $5 checks and shown how to use phones to deposit those checks.

Visa, delivering on its promise of greater issuer support for its V.me digital wallet, announced U.S. Bank as its latest partner.

Kofax, a company that automates business processes for financial companies and other firms, has introduced an application that lets mortgage lenders capture information from borrowers by taking a pictures of documents with a mobile device.

Attunity has partnered with Teradata to offer a data replication product for enterprise analytics.