Bank technology

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.

Firms partner up and pitch banks on software to help U.S. retailers catch up with Europe in payment security by Visa/MasterCard deadlines.

The banking giant is initially launching the eagerly anticipated feature for Apple's iPad.

CEO Josh Reich shares details on the online bank's next project, but critics aren't impressed.

EMC seeks to protect global companies that hackers target by monitoring the app stores of Apple, Google and others.

SunTrust is replacing its dual-slot ATMs — old-school machines with separate slots for depositing checks and cash — with modern, single-slot models that will work with mobile devices.

A BankThink post on the snail’s pace of payments sparks a discussion of how red tape stops financial institutions from leveraging social media. Have banks hit a social media stalemate?