Bank technology

A data breach at a card processor may have affected more than 10 million Visa and MasterCard accounts, security expert Brian Krebs reported Friday on his blog.

The first 725,000 Smith Barney customer accounts have moved over to a fresh Morgan Stanley system. Algo-driven, personalized training of financial advisors and client support personnel have been key to moving records involving nearly $1 trillion in assets.

The Federal Reserve Board is preparing to release yet another important rule required by Dodd-Frank: how and why fraud occurs in debit card transactions and who should have to pay for it.

Cash is already at the margins of society. Doing away with it might make consumers demand stronger protection of personal data, argues David Wolman, author of "The End of Money."

M-Via has added free ATM cash withdrawals to its fee structure for Boom, a service for the unbanked to manage monetary accounts through mobile phones, the mobile-payment network provider announced March 27.

PayPal said Thursday that it has promoted David Marcus to be its president, effective April 2.

Location-based offers, a major selling point of mobile wallets, may have staying power, but one prominent company recently told the feature to get lost.

Sandy Spring Bancorp to outsource receivables this spring.

South Korean security company AhnLab finds almost half the online banking trojan's domains are in the U.S.

MasterCard will offer a new tool to help merchants mitigate the risk of fraud in online transactions.

Despite all of the new powers at their disposal, regulators continue to emphasize simplified and standardized disclosure as a critical tool to ensure consumers get a fair deal.

A University of Notre Dame study of PNC's branches — LEED and non-LEED — finds the energy conserving branches more profitable to the tune of $461,300 per employee.

Kevin Knight, the master of Nordstrom's cobranded Visa credit and debit card rewards program, joins Visa as the company's head of credit and debit products, Visa announced March 28.

Four banks now live on AcadiaSoft MarginSphere.

By adding online 401K tools to Merrill Edge, Bank of America is hoping to attract small businesses through a self-service heavy staff benefits play.

In its quest to rise above the fray in alternative payments, Obopay has identified another financial-services niche ripe for modernization: business-to-consumer payments.

Dashboard lets asset managers see top holdings, top capital flows and workflow statuses without having to run reports.

To better reach the communities beyond its traditional Hispanic customer base, Banco Popular is changing its name to Popular Community Bank. And to better serve its existing smartphone-toting but computer-shy customer base, it's rapidly rolling out advanced mobile banking services.

ThreatMetrix, a cyber security technology company, announced Tuesday that it raised $18 million in a financing round.

The other morning I was at the counter of the local UPS store notarizing a document when I was shocked by a comment by a woman standing nearby. This nationwide franchise provides post office boxes, packing, shipping, copying and many other individual and business-related services through 4,700 convenient small corner or mini-mall stores. My head snapped as she told the clerk, "I would like to make a deposit." At first I thought she was making a deposit for a purchase or on a bill or perhaps depositing a package of goods for shipping.