Bank technology

The merchant-funded rewards provider recently began testing a geolocation service that delivers offers from merchants when customers are within walking distance.

Diebold has located two new data centers in Verizon's Terremark facilities in Richardson, Texas, and Manassas, Va.

Mary Wisniewski finds MoneyDesktop, LearnVest, and Dashlane among the worthy early Finovate demoers.

The Near Field Communication chip used in many mobile wallets was conspicuous by its absence during Apple Inc.'s unveiling of the iPhone 5.

The card network is strongly recommending that all ATMs be EMV-compliant by 2016. ATM owners that don't comply will face fraud liability.

Capital One's CEO expresses concern that innovations from the likes of Google and PayPal could put banks in a "back seat." He also says the bank is done with acquisitions for the time being.

Citigroup won dismissal of a suit in which cardholders claimed the bank failed to take adequate steps to prevent a computer security breach that affected more than 360,000 accounts.

The FDIC highlighted continued use of "alternative financial services" in its second-ever survey reporting the share of households that are unbanked or underbanked.

The Apple iPhone 5 expected to give smartphone sales a boost in the second half of 2012.

Bankers monitor liquidity risk but struggle to know extent of financial commitments throughout day, survey finds.

With consumer mobile access for banking channels and services growing, loosening privacy data rules may be the edge needed to combat fraud.

As technology transforms money and payments, bankers risk falling behind the times.

While holding that Congress intended patent-eligible subject matter to "include anything under the sun that is made by man," the Supreme Court has consistently identified three exceptions: laws of nature, physical phenomena and abstract ideas. That last exception has proven most problematic for financial inventions.

Banks are getting more advanced at using transaction and demographic data to help entice consumers to reach for their cards over those of their rivals.

Merchants are starting to see bitcoin as a compelling alternative to credit cards for online transactions, the vendor says.

The deal lets Fifth Third extend its "smart-safe" service to more retailers, helping them manage their cash more efficiently.

FICO, the credit scoring company, plans to provide banks with services that ferret out fraud in real time.

Banks and credit unions are about to receive their own mobile-wallet card reader that is expected to offer a formidable challenge to the likes of Square, PayPal and Intuit.

The mobile money transmitter formerly known as m-Via is partnering with a global credit union organization to expand its reach.

Executives at FirstMerit, PNC and KeyCorp — which have acquired branches in deals in recent years — are seeking to wring substantial cost savings from their brick-and-mortar networks and rely more on high-tech services.