Bank technology

New forum will work on technical issues and consumer awareness.

The HSBC money laundering case demonstrates the difficulties institutions face when it comes to preventing crooks from using them to launder the money used to fund crime. Some are turning to new case management and broader cross department data analysis to avoid being taken to the cleaners.

John MacIlwaine, a former Visa executive, has been named the chief technology officer at the Lending Club, an online lending platform.

A division of Heartland Payment Systems (HPY) has signed up 15 new colleges and universities to use its card designed for students and campus life.

Isis, a telecom consortium, has gotten gasoline pump companies Wayne and Gilbarco Veeder-Root to accept its mobile commerce app.

Park State Bank's new tool is integrated with its online banking, core banking and payment platforms.

The benefits of labor arbitrage are going away and banks are bringing work to stateside outsourcing providers, for several reasons, says Harley Lippman, CEO of IT staffing firm Genesis10.

TD will also use Fiserv's FraudNet fraud detection software, in addition to the company's electronic bill payment.

How do e-commerce companies move into the physical world? According to Walt Doyle, general manager of the PayPal Media Network, ideas that Wal-Mart is trying in locations where it has no stores can be applied to e-commerce companies.

Bank of America (BAC) is eliminating dozens of ATMs in two grocery store chains throughout the Southeast as it continues to scale back its operations.

Harley Lippman, founder and CEO of IT staffing firm Genesis10, sees regulators, falling wage arbitrage, and lack of transparency among the forces driving banks to reverse the IT offshoring trend.

Former FBI and Navy officer to take bank's top information security spot.

Company says it has made 230 upgrades to Encompass360, many of them for compliance reasons.

Diebold staff to monitor security camera footage for 2,400 sites.

BBVA Compass is using technology to create a "kinder, gentler" debt collection system that also happens to be far more efficient and cost-effective.

Apple Inc., maker of the iPad and iPhone, agreed to acquire AuthenTec Inc. for about $350 million, gaining fingerprint-authentication technology.

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Contrary to the reports of at least two online news sites, the point-of-sale terminal vendor Vivotech ays it's not shutting down.

PayPal is analyzing the journey the consumer travels through the process of researching and purchasing something, across computers, physical stores and mobile devices. Walt Doyle, general manager of the PayPal Media Network, describes this "purchase pretzel" and where geolocation and card-linked offers fit in.

Shares of Green Dot, the prepaid card company, lost more than half their value Friday after the CEO revealed that its exclusive partnerships with major retailers could soon end.