Bank technology

Retailing giant Wal-Mart may be pulling American Express prepaid cards from its shelves due to poor sales, according to an analyst report from Jefferies & Co.

PSCU Financial Services, a service organization that provides products and services to its roughly 1,500 member credit unions, announced Monday that it will begin issuing prepaid chip cards for several of its clients this summer.

Lender Processing Services (LPS) has agreed to acquire LendingSpace, a provider of mortgage loan origination software.

Data from Javelin shows that, while people are not moving to smaller institutions in droves, there's still palpable anger and a high risk of customer flight from big banks.

New intel from the research arm of American Banker examines how the channels banks use to communicate with customers are changing.

Sharon Credit Union finds that by taking part in pilot tests for vendors, it can deploy new mobile tech faster.

Hit by thin client performance issues, Washington Trust deployed new software to streamline the storage process during a systems migration.

Grow Financial Federal Credit Union details how it uses virtual machines to bring speed to business continuity planning.

Wells Fargo, PNC, Deutsche and ING are taking steps to reduce power consumption and cost in their data centers and improve efficiency. One of the most effective practices: allowing temperatures to rise in data center facilities, something unthinkable 10 years ago.

Bankers are reluctant to embrace cloud computing based on a variety of security and regulatory fears, concerns that aren't matched by reality.

Recent high profile online banking outages at large banks beg the question: why does this keep happening and how can it be prevented? Advanced disaster recovery and social media strategies are part of the answer.

Even a mobile and web heavy financial institution can benefit from brick and mortar. USAA is using touchscreens and videoconferencing to provide advanced advice and help lightly staffed stores.

Hackers are attacking mobile banking apps more heavily. Here's what to do to fight back.

The robo-signing scandal highlights the need for solid technology to manage third party document compliance.

Open source development offers a chance to bring efficiencies to tech projects, but managing these projects has its pitfalls.

Fiserv's Daniel Steere says it takes a strong mobile banking strategy, alerts and real time information to win over 18 to 32 years olds.

Navy Federal Credit Union's Meghan Gound discusses the CU's new digital banking design.

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American Express plans to begin issuing secure chip cards in the U.S. this year, and it has released a timeline for merchants to follow in accepting those cards. Like every other network's roadmap, Amex sticks closely to the plan Visa announced last August.

As Washington starts to look at the rapidly emerging sphere, some in the industry are calling for regulators to level the playing field, while others are warning that regulation may stifle innovation.