Bank technology

British regulators found the private bank didn't properly identify "politically exposed persons."

American Express Co. (AXP), the largest credit-card lender by spending, is raising its quarterly dividend 11% to 20 cents per share, its first increase since November 2007.

Targeting the consumer market more squarely with a rebranded card case.

Sussex County Federal Credit Union is the first U.S. financial institution to install NCR's new virtual teller ATM, Aptra Interactive Teller, which gives members the choice of either self-service or a live video interaction with a teller.

Seeing a major opportunity in the U.S. market, Monitise and Clairmail announced a merger deal in which they will cross-polinate and cross-sell each other's technology in their respective markets.

Yahoo said it would appoint three new independent directors to its board in April, including an executive from American Express.

Monitise said Monday that it is buying Clairmail, a San Rafael, Calif.-based provider of mobile banking and payments technology.

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On the weekend of May 18, Bank of America plans to complete a technology project that has spanned the country and will end in one of the bank's most complex markets: California.

National Australia Bank is formulating service level agreement tools for companies to use to secure data in cloud applications. It's one of the goals of the Open Data Center Alliance, which counts NAB and a number of other international firms as members, including Deutsche Bank and JPMorgan Chase.

Solution intended to help protect customer data and help retailers reduce the scope and cost of PCI compliance.

Apple's mobile security strategy comes to light and biometrics make a comeback in the big security stories of the week through March 23.

Bank hopes to gain a common customer view across all products.

One of the latest data discovery products, announced Thursday by SAS Institute, promises to let non-IT folks in banks do complex big data modeling from their own computers.

Lawmakers at House hearing voice excitement about evolving industry, but also express concern about security and regulatory gaps.

Building on its earlier acquisition of alternative payments platform eBillme, Western Union announced a payment product that broadens its appeal beyond its traditionally unbanked consumer base.

Amex opened a new Manhattan office last year to nurture its digital wallet, Serve — and to remove the 200 employees devoted to that project from the culture and tradition of its main office.

Constellation Energy Group Inc. (CEG) has agreed to provide Eastern Bank in Boston with "green" electricity for the next three years.

WSFS, a Delaware bank, will use business intelligence as a catalyst for branch redesigns and to expand the ways in which internal staff can engage with consumers.

As credit unions look to add small businesses to their client mix, there's an acute need to get up to speed on technology quickly. For Community Choice, the answer is payments innovation.