Bank technology

A jury in the U.S. District Court for the Western District of Wisconsin last week returned a unanimous verdict finding Blackhawk Network liable for infringing two InComm patent claims.

They won’t go cold turkey. Surprisingly, the more purchases consumers pay for with debit, the more cash they withdraw. Use ATM screens to get the word out about debit’s benefits.

Veritec is the latest company to offer a debit card with an "off" switch. It gives cardholders the ability to switch off the account's transaction functions from a Web browser or smartphone.

The complexities of enabling U.S. merchants to accept contactless smart cards and various mobile-payment technologies represent a significant revenue opportunity for VeriFone, the company says.

In its second annual Mobile Banking Scorecard, Keynote Systems has dubbed Chase Bank the large bank with the best overall mobile user experience, best functionality, and best ease of use.

American Airlines Federal Credit Union announced Tuesday that it has chosen the Episys core processing system of Jack Henry & Associates.

Although the contactless or proximity mobile payments market is still in its infancy, research firm NPD In-Stat is projecting that by 2016, the number of payments made with a swipe of a mobile device will approach 9.9 billion.

U.S. Bancorp is offering a new iPad app that will allow stores to offer instant credit to customers.

Texas bank hopes to streamline end-of-day processing and risk reporting with new platform.

Citing the completion of its acquisition of Swedish payments provider Point, VeriFone posted a 40.4% increase in fiscal first quarter year-over-year earnings.

Citigroup's new lending module is designed to help track financial flows between different parts of the same company, improving management of tax liabilities and compliance.

Intuit announced that Bottomline Technologies will acquire the commercial banking business of its Intuit Financial Services unit.

BofI has expanded its mobile banking offerings with a new app for mobile check deposit.

Fifth Third Bancorp has established a small venture-capital fund to invest in emerging companies that typically do not qualify for bank loans.

Joins small club of female bank CIOs that includes Catherine Bessant at Bank of America and Anne Weatherston at ANZ Bank.

Bank said to be finding ways to use the Jeopardy!-winning computer to analyze customer data.

Square, an early and successful contender in mobile payment acceptance, has launched a new system that it says can replace a traditional cash register.

EVP and director of mobile strategies Alejandro Carriles shares details of the bank's new iPhone app and mobile banking plans, including why it's allowing direct registration from a mobile device and why it handles all development in-house.

The carrier mobile payment venture Isis said Monday that it is working with several major payment system providers to allow merchants to accept its system at the point of sale.

Hancock Bank of Gulfport, Miss., was losing the fight against fraud in certain channels. Their odds improved after working with the vendor of their fraud system, ACI.