Bank technology

FIS has hired Greg Montana, a former Bank of America executive, as the company's chief risk officer.

Even USAA Federal Savings Bank, one of the most aggressive in its use of technology, is treading carefully in social media and mobile, where the slightest privacy snafu can spark a major outcry.

Fiserv (FISV) has named Ally Financial (GJM) executive Cliff Skelton as chief information officer, succeeding Maryann Goebel, who will serve as an advisor to Fiserv until her retirement on July 1

Farmers State Bank of Parkston, S.D., agreed to use a core processing system from Jack Henry & Associates for enterprise-wide automation.

A European mobile wallet venture led by telecommunications operators has run into a setback with regulators.

Google faced some resistance in putting Google Wallet on the Galaxy Nexus phone when the Android smartphone model launched with other carriers, but Sprint says it will support the nascent mobile payment system from day one.

Hawaiian bank says a newly installed, flexible core processing system will let it accelerate its embrace of mobile banking and other channel enhancements.

Citigroup is working with Planet Payment to provide the currency processor's services to Citi's merchant clients in the Philippines.

CIT Group (CIT) continues to round out its management with the appointment of former Bank of America (BAC) executive Stacey Goodman to the roles of chief information officer and executive vice president.

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Celent says the purse strings are loosening, but the big growth is in emerging markets. In mature markets like the U.S., projects are still on hold in favor of incremental upgrades to enable needs like compliance and mobility.

Startup makes a cubic device for merchants that customers tap their phones against to receive loyalty points.

Apple gets bitten and a Japanese bank trying to ditch ATM cards for biometrics are the major security stories of the week through April 13.

NACHA reported that 2011 ACH payment volume totaled more than 20.2 billion transactions, up more than 4% from a year earlier.

Mitek countersued the San Antonio financial services giant, asserting that USAA has infringed on Mitek's five patents on mobile remote deposit capture technology.

A recent credit union conference in Chicago featured a presentation of what a futuristic branch could look like.

Managing Director Vienick outlines new apps for mobile and tablets, and discusses the vital link between its investment activities and BofA's banking apps.

Exposing complex financial instruments to the vetting of thousands of experts could help restore trust in banks.

Total System Services (TSS) has signed a new long-term partnership with First Hawaiian Bank of Honolulu.

Financial technology startups dot the landscape like grain silos mark the surrounding farmland. In Silicon Prairie, mobile payments, online banking and core banking services are the new cash crop.