Bank technology

PayPal, with 106.3 million active users, clearly has no trouble signing up consumer accounts. But it is now partnering with banks to sign up even more.

The security problems with mobile wallets are thorny and complex. Any misstep, however temporary, could erode the delicate trust banks and technology companies are trying to build around mobile payments.

In a pair of new ventures, Citigroup and Mint.com are tailoring personal financial management content to demographic segments — a relatively unused but emerging use of PFM.

Aiming to capitalize on new regulations that will require derivatives to be traded on an exchange, State Street Corp. in Boston announced Wednesday that it is launching a new electronic platform for over-the-counter swaps.

Low acquisition costs, real-time data and an automated process enable Kabbage to extend credit lines to small businesses profitably; the addition of shipping data will give the company a fuller picture of borrowers' transactions.

Old Second Bancorp has agreed to use IronKey's Trusted Access security with its online banking and payments offerings.

Intuit has added a new tablet banking product for banks and credit unions.

Rome- and Milan-based bank is using software from TeaLeaf to watch and fix customer's problems online.

SmartyPig is opening an office in India to sell its social media software to the country's financial services companies.

PayPal is digging even further into the prepaid card market at a time when more underbanked consumers favor such products. Users of the prepaid card do not need to have a PayPal account — though having one provides additional benefits.

FIS, which notched solid, if unexciting, earnings in the fourth quarter, says it plans to grow by cross-selling to large banks worldwide.

Buoyed by lower expenses and increased fee income, Meta Financial Group Inc. of Storm Lake, Iowa, said that it earned $3.1 million for its fiscal year first quarter.

Alloya Corporate Federal Credit Union using Funtech ACH software with risk management tools.

Massachusetts bank helping its business clients reduce paper.

As the financial services company's largely remote customer base begins to embrace smartphones as their primary, if not only, point of contact, the company is planning to alter its marketing and functional strategy for mobile in the year ahead.

ACI Worldwide reported on Tuesday that income for the fourth-quarter was $23.9 million, down 11.8% from a year earlier, as revenue declined.

Fidelity National Information Services said Monday that its fourth-quarter income, boosted by its international and financial solutions businesses, rose 5.8% to $117 million from the same period a year earlier.

Google's mobile wallet is getting a lot of attention, but from the wrong crowd — security experts.

While small banks already face a mobile banking adoption deficit to their larger competitors, some community institutions are still questioning the channel's safety.

Diebold is looking to cut out its competitors at banks where it provides automated teller machine services.