Bank technology

Former PayPal president Scott Thompson has left Yahoo, which he has led as CEO since January.

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The pace of consolidation among financial technology firms is likely to pick up as more and more banks look to trim overhead by combining services with fewer vendors.

Finding a branch through augmented reality isn't going to solve world peace, but does fill a customer need. Vice president of ebusiness and payments Tom Trebilcock explains how gaming and the "buzz" surrounding augmented reality can help position PNC as a tech-savvy bank in the eyes of consumers.

Google places a price on glitches and Bitcoin makes enemies in law enforcement in the major security stories of the week through May 11.

The head of Sovereign Bank's cards and payments division describes his recent experiment of going cashless for a day — and where he hit a jam. He spoke at the annual Card Forum and Expo.

"There's a lot of frustration" among retailers, says Bill Johnson, who runs the Citigroup unit that issues store cards. "They're worried about who owns the data, who owns the [customer] relationship."

In a buyer's market, the smallest of processing hiccups can cause a lender to lose a potential borrower, which is why companies such as American Pacific Mortgage place a premium on developing new digital delivery strategies.

Diebold said it will provide and manage the security of Patriot Bank's new headquarters.

The U.S. government likes small businesses — in a quaint, 20th-century way. It will bend over backward to support lending to these economic engines, but it won't adequately safeguard their online bank accounts against a more modern plague: hacking.

Even banks on the cutting edge of technology don't want to waste money on untested products. With that in mind, Dell opened a solution center in New York.

Why stop at just one digital wallet? American Express plans to allow users of its digital wallet, Serve, to link their account to another digital wallet, Isis, a venture of several U.S. carriers.

Payments technology company Jumio has secured an additional round of funding led by a division of Citigroup (NYSE: C).

Ben Milne, CEO of the alternative payment provider Dwolla, discusses why the company was formed and who its major investors are.

Meta Financial Group (CASH) in Storm Lake, Iowa, announced Thursday that it has raised $13.2 million in three separate private placements and that the proceeds would be used to beef up its capital reserves and fund growth at both its retail bank and payments unit.

Timothy Murphy, MasterCard's chief product officer, said in an interview that the network has "transitioned" from its credit card roots to become a fuller-service payments company.

Personal financial management, financial education, social lending, security, and mobile payment dominated the day's 32 software demonstrations.

American Express' approach to prepaid has hardly been by-the-book, but its latest step is to partner with Barnes & Noble on a new reloadable card.

Business clients that receive thousands of checks per month typically can't get automated bulk check processing services from a small bank. And if the services matter to those clients, the small banks lose their business to larger rivals.

JPMorgan Chase's new prepaid card, Liquid, is being marketed as an alternative to a bank account, but its underlying terms make clear that it's more of a complement to one.