Bank technology

The Mobey Forum works to increase the use of mobile financial services.

A deal that last week was heralded as reordering the credit card business is receiving pushback from merchants who say it doesn’t go far enough.

New converged voice and data networks are saving Stanford Federal Credit Union 60% in telecom costs.

Pulaski Bank has filed a lawsuit against three former employees over mortgage data that the Creve Couer, Mo., bank claims the employees took and are using to give their new employer a leg up.

A trade group representing convenience stores rejected the proposed settlement of interchange lawsuits and hired law firm Constantine Cannon to hold out for better terms.

Visa, MasterCard and the largest banks have announced a proposed multi-billion dollar settlement with U.S. retailers in a longstanding lawsuit over swipe fees charged by the networks.

Commercial cards executive Manish Kohli says the institution is migrating its mobile alerts service for commercial card clients to more than five dozen countries around the world in more than a dozen languages, part of a broader strategy to grow mobile financial services in new markets.

Merscorp Holdings will provide the state of Delaware's Department of Justice Consumer Protection Unit a semi-annual report detailing results of its internal audits.

Mobile payment company basing its business model on loyalty programs.

Proxama has a hired Ron Carter and Louise Thompson to senior management positions. Proxama, which is basded in London, provides NFC mobile-wallet and mobile-marketing technology.

Former HSBC executive Nancy Pierce will lead Treasury product management for the bank.

In a new side business, the Australian bank uses image capture and business intelligence technology to identify and fix transaction data errors.

Dongle doppleganger causes friction between mobile payment providers.

The banks and a credit union have agreed to use the vendor's identity and access management technology.

Rayburn Chan to work in corporate development at the payment startup.

Alabama bank to use EFT and fraud prevention software from the bank tech provider.

Former Syncada executive to oversee the bank's core payment strategy.

Citigroup is experimenting with new means of authentication and digital signatures for its customers and piloting an identity management service with the Department of Defense. Other banks are sure to follow soon in what may soon be a lucrative new industry.

Terminal maker to install tablets for payments and advertising messages in 6,500 taxis.

Debit network hopes the new platform will support a five-fold increase in transactions.