Bank technology

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.

When it comes to mobile banking, the best approach may be to rely on mobile devices as little as possible.

Merchant reward programs, mobile payments and PFM dominated the first day of Finovate again this year. We pick some standouts.

Cambridge Savings Bank has added mobile check deposit to its mobile banking app.

Yahoo's board has formed a special committee to review Chief Executive Scott Thompson's academic credentials.

At $4.95 a month, JPMorgan Chase's new prepaid card undercuts even its student checking account. But its fee can't be waived with direct deposit or a high minimum balance — to get the card for free, users must link it to a JPMorgan Chase checking account.

CFE Federal Credit Union in Lake Mary, Fla., has selected Fiserv's Acumen account processing product with in-house delivery.

Citigroup is once again showing its willingness to venture outside of traditional banking to build a social media strategy, as it has in both its talent acquisition and content.

Automated Clearing House payments are cheap, but compared to other payment methods they are slow, and companies are constantly developing adaptations and alternatives to make such payments in real time.

MasterCard plans to launch PayPass Wallet Services later this year to enable bank and merchant customers to allow purchases in stores or online by paying with a tap of a smartphone, click of a computer mouse or touch of a tablet screen.

Can banks turn a single payment into a shopping spree? With mobile offers, edo Interactive says it's possible.