Bank technology

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.

Much like a diner waitress who can't keep up with her tables, the need to keep up with new technologies that might make work proceed more smoothly or quickly is a job requirement that many business leaders find similarly overwhelming.

Amid the debate over whether or not banks should mine social media data for their credit-risk analyses, some financial services providers have quietly begun doing so.

Banks like Citigroup and Capital One are expanding their use of innovation labs that bring in clients and outside experts to match R&D to customer demands.

When two bank technology Goliaths go to battle over patents, smaller vendors might get hurt.

Familiar merger concepts are blowing up at a time when branch networks are being relegated to more of a supportive role.

Five Questions with John MacIlwaine, Head of IT, Green Dot.

Intuit's Mint.com, which launched an iPad app in October, released a version for Android tablets Wednesday.

As banks struggle with social media, SmartyPig LLC is set to offer its tried-and-true approach to any bank that wants it.

Analysts expect the scarcity and rising prices of hard drives for retail and corporate markets will last into 2013, due to a slow recovery from severe flooding last fall in Thailand.

Bank marketers are generally content with how their firms approach social media. The trick now is using digital channels to synthesize what consumers want before they even know they want it.

Fundamentally, banks connect those with money to those who need it. By limiting access to the systems that handle the transactions, banks have been able to charge big fees. But the walls are breaking down now.

In some banks, IT is an order taker. In these banks, the CEO realizes the importance of technology to the company's success and the CIO is a valued member of the executive suite.

Digital banking, compliance, data storage mandates, and new architectures are all on the radar for the many small banks undertaking long-overdue core overhauls. The projects are expensive, but necessary.