Bank technology

Of all the community banks that are executing core upgrades, few will undergo quite as vast a transformation as East Carolina Bank, where hardware assets that in some cases date to the Reagan Era are going into the cocoon and coming out as cutting-edge automation.

At T Bank, the big new IT project is more than a new deployment — it's a cross-enterprise method of using virtualization and outsourcing to enable a bunch of smaller IT projects.

A Bank Technology News Innovator of the Year shares what's on his mobile app development drawing board.

Mobile app for corporate treasurers has processed $1 billion in transactions since August.

New tools to include "sandboxing" that prevents corporate email from being forwarded from a personal mailbox.

Banks have been loath to cede any ground to carriers and handset makers in designing mobile wallets, so it seems out of character for JPMorgan Chase and Capital One to support Isis, the carrier-controlled entrant in the mobile payments race.

More consumers are completing banking transactions, like paying a bill, through online and mobile services, a new survey from Fiserv has found.

Although consumers state a preference for receiving bank information through mobile text alerts, banks are still using older methods such as mass mail for much of their outbound communications with customers.

For a digital wallet to work, the merchant’s point-of-sale system should have the same applications as the phone supporting the wallet. To ensure that consistency, VeriFone says its Paymedia universal acceptance platform will make that connection regardless of wallet provider or mobile network.

As companies like Google, Starbucks and the leading cellular carriers move aggressively into mobile payments, banks face strategic and technological challenges to maintaining their supremacy in moving money around.

JPMorgan Chase, Capital One and Barclays will enable their customers to use a mobile-payments service being developed by several wireless carriers starting this summer.

An edgy anti-bank message can work well in social media marketing, but only if it also conveys a better alternative from the company behind it.

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Payments hardware company Ingenico announced Thursday it has taken a controlling interest in Roam Data of Boston.

Interoperability among mobile-payments stakeholders is still a work in progress, says the Mobey Forum, which includes B of A, Nokia and others. True cooperation will be easier said than done.

Discover's Pulse network is the latest offer person-to-person payment capabilities from Obopay. But widespread consumer demand seems to be lacking, as does a clear business case for financial institutions.

Strong fourth-quarter earnings for French terminal maker Ingenico signal good news for the payments industry, and likely for Europe's economy overall.

Yet another emerging payment scheme sees an opportunity to claw at the soft underbelly of legacy point-of-sale payment systems, this time putting carriers — not banks — in control of the payment accounts.

Looking to lengthen branch hours and increase transaction speed while containing staff costs, the Pittsburgh area bank is deploying new ATMs from NCR and uGenius that allow customers to speak to a live teller on screen.

Software lets small business set up mobile storefronts and process mobile payments.