Bank technology

JPMorgan Chase (JPM) is now offering mobile banking features to users of its prepaid card, Liquid.

Research firm expects mobile payments to constitute 30% of e-commerce within five years.

Software analyzes ACH transactions and priorities the highest risk payments for review.

Banks take big operational risks when business customers automate transactions with remote deposit capture. BB&T has joined a crowded market of vendors selling technology for evaluating compliance in this area.

Trying to figure out Apple Inc.'s intentions with mobile payments based on the technology giant's patent approvals is akin to assembling Ikea furniture without instructions. Some parts clearly fit, others not so much.

Mexican bank Banamex this week launched the initial phase of the first major countrywide contactless-payment rollout that includes the issuance of 100,000 PayPass contactless credit and debit MasterCards and the deployment of several thousand terminals to 1,900 merchants in Mexico City.

Consumers' inner rock stars and accountants are at the heart of the mobile finance startup's business plan, Movenbank CEO Brett King says.

Merchant acquirers and tech companies are collaborating on mobile payments issues in a new group formed by the Electronic Transactions Association, the Washington-based trade group announced Thursday.

'Hackathon' shows payment tech can evolve lightning-fast; Starbucks juices Square; Verifone vexed.

Show consumers mobile channels are useful, accessible, secure, familiar and easy to use.

The much-talked-about mobile financial services start-up Movenbank has finished its initial round of fundraising.

Trinidad and Tobago's First Citizens Bank has deployed FIS' (FIS) Default Manager, the first deployment of the FIS product in Latin America.

Dexter Credit Union will use Andera's oFlows platform, a paperless system for account opening and lending.

The firm will use part of the $34 million funding round to beef up a predictive algorithm that determines how much money merchants should give consumers to spend at their stores. The theory is they'll spend more.

American Express will put its reloadable prepaid card on Walgreen Co. shelves by the end of the week.

The coffee giant makes a $25 million bet on a disruptive payments technology. But how much of a jolt will the investment cause in the banking industry?

PayPal still rules the roost in person-to-person (P2P) transfers, but faces an increasingly strong field of competitors, according to Javelin Strategy & Research.

Campus card provider Higher One, along with The Bancorp Bank, its former bank partner, have settled a lawsuit with the FDIC stemming from several "alleged unfair and deceptive practices."

Innovest Systems, a technology firm specializing in trust accounting and wealth management products, has named Glenn Schmidt as its chief operating officer.

Bank of America's Merrill Lynch unit has named a former Citigroup executive as managing director of North American product sales for its global transaction services business.