Bank technology

Chip-and-PIN cards and their contactless counterparts were under a microscope in the big security stories of the week through Feb. 2.

Cardtronics announced Thursday that Valero is making the automated teller machine operator its exclusive service provider at Valero convenience stores.

Buoyed by higher revenue from processing and services, Fiserv reported fourth-quarter net income of $143 million.

Facebook's payments revenue is growing dramatically each year — and its digital currency could soon threaten banks as it moves into more traditional channels.

Fresh off new funding from Morningstar and TD Fund, personal financial management startup HelloWallet is targeting corporations and plan sponsors with PFM tools that can be used by employees, an emerging use case that demonstrates the maturation of the PFM model.

Facebook generated about $557 million in revenue from its payments business last year, according to its S-1 filing.

Mortgage search tool shut down due to poor performance.

MasterCard does not explicitly require the use of a PIN with chip cards in the U.S., but its sliding scale of liability leaves little other choice.

The prepaid card company plans to offer traditional bank accounts. Its target market goes well beyond the underbanked.

MasterCard Inc.'s fourth-quarter profit tumbled as the credit card company took a sizable charge tied to pending litigation with U.S. merchants, although increased card spending helped it turn in core earnings ahead of expectations.

Ohio bank making free download of malware protection software available to commercial and retail customers.

First Data expects its Star PIN-debit network to benefit this year when the last measure of the Durbin amendment takes hold on April 1, requiring financial institutions with more than $10 billion in assets to have at least two processing networks on their debit cards.

A new services-oriented architecture standard for banks could help them ease integration projects and save money. We talk to Hans Tesselaar, Executive Director of the Banking Industry Architecture Network, and Gartner analysts Mary Knox and Don Free about the SOA standard and what it could accomplish.

Core banking provider Jack Henry's electronic payments unit is moving like a juggernaut. Its clients are also seeing little effect of the Durbin amendment, which had the potential to curb debit-card use.

First National Bank and Absa are claiming that a personal financial management startup called 22seven is unsafe and legally risky for consumers.

Jack Henry reported that its fiscal second-quarter net income rose 7%, to $38.5 million, from a year earlier because of increased revenue from support and services.

Much of banks' reputation restoration work is taking place on digital channels.

The New Zealand bank expects to save $18,000 a year on its electric bills by automatically powering down computers when they're not being used.

Santander's Sovereign Bank is testing if small businesses can be won over with gadgets.

Faced with an expensive hardware upgrade, Century Bank opted to farm out core processing to its technology partner.