Bank technology

To stay relevant in the hypercompetitive personal financial management space, tech companies like Strands are trying to distance themselves from the PFM standard of a one-size-fits-all approach to online budgeting.

Promontory Interfinancial Network LLC said Monday that its Insured Cash Sweep service is now fully integrated with Data Center Inc.'s iCore360 core banking software.

A successful payment network would unite banks under a large and trusted external corporation in order to more simply and transparently tackle currently complex financial supply chains.

The Bancorp Inc. has begun issuing a cobranded PayPal debit MasterCard, the financial institution announced March 12.

Bancorp Bank of Wilmington, Del., said Monday that it has agreed to issue prepaid card programs for Swift Prepaid Solutions.

Adam Shapiro helped drive one of the world's largest virtualization projects at Citigroup. He's now helping Breakthrough Technology Group's aggressive pursuit of financial clients.

The provider of personal financial management software hopes to increase use and awareness among bank customers, which would make the tools more effective over time.

PayPal is redesigning its website and smartphone app to downplay online payments and give more prominence to its newer products, such as its point of sale payment system.

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IBMer Anil Cheriyan to succeed Tim Sullivan, who is retiring.

Staffers are getting Square readers to directly collect donations while in the field.

To create a mobile banking offering that can compete with banks or the likes of Google, the prepaid card marketer Green Dot is purchasing the location-based deals company Loopt.

The momentum that Amazon, Facebook, Apple and Google have in integrating social media with payments is "a huge threat" to banks, maintains Javelin analyst Mary Monahan.

Banks have been rolling out mobile wallet apps at a furious pace in recent days. The big question is whether they'll ever convince skeptical consumers to begin to zapping money around.

The prepaid card marketer Green Dot said Friday that it agreed to buy the location-based deals company Loopt.

Suddenly, it seems like almost everyone is offering a mobile wallet. Major issuers, telco consortiums, search engines and other third-party intermediaries are clamoring for attention.

It’s "insane" that some lenders still use carbon paper, Andrew WeissMalik of On The Go Technology says.

The banks are early movers into Kindle, taking advantage of the large screen to offer an easier interface and more visual information on bank relationships and transactions.

MasterCard Inc. has appointed Steve Grigg president of its Access Prepaid Worldwide unit.