Bank technology

The SEC has awarded a contract to Tradeworx to develop and deliver a system that will allow four of its divisions to track creation, modification and cancellation of trade orders in real time.

The first surprise was learning that billionaire Facebook founder Mark Zuckerberg even has a mortgage. The second was finding out that he pays an interest rate of just 1.05%.

SAS took the wraps off a new form of software this week that could give banks a single fraud prevention platform for all of their delivery channels.

The credit card industry's proposed deal to settle long-pending retailer lawsuits set insiders chattering, divided over how much each side won and lost in the deal.

A group of investors led by Yahoo co-founder Jerry Yang has agreed to invest $4.8 million in a Redwood City, Calif., payments network that lets use retailers' gift cards to buy goods and services from other merchants.

Security, risk management and data management projects are winning new investment. Online and mobile banking also gain.

U.S.-based multinational snaps up Belgian compliance company.

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.