Bank technology

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.

New branding, new offerings and updated website to give 47-year-old company a lift.

Community Choice Credit Union will use Jack Henry's Biz 2.0 to extend online bill payment services to small-business customers.

Fewer than 5% of Americans have used their smart phone to pay for anything, survey finds.

The bank riffed off its iPad app to create an app for the Amazon tablet alternative. Citi also rolled out mobile check deposit and person-to-person payments for smartphones today.

There are several factors that Bank of America's managers must have known when they recently started testing a new fee schedule for consumers.

Core banking provider aims to improve security for its software.

The smartphone manufacturer is positioned to embed near-field communication into future iPhones and develop its own mobile wallet that bypasses the telecoms and offers spend controls for family or business use.

Visa Europe plans to acquire a 15% minority stake in mobile retail payments provider Mobile Money Network Ltd., the European payment system provider announced March 7.

Person-to-person payments provider Dwolla Corp. responded late Tuesday to a lawsuit filed by the Bitcoin exchange TradeHill, saying allegations that it put TradeHill out of business were "specious" and that the suit is little more than an attempt to generate publicity.

As some large retailers work on their own mobile payment initiative, they'll still be interested in other programs such as Google Wallet and Isis.