Bank technology

A poster boy for the digital currency now says credit cards are “way simpler.” His fictional counterpart in the "Bitcoin for Dummies" episode of "The Good Wife" is similarly disillusioned.

The dollar volume of online fraud is going up, but actual incidents of fraud are decreasing, according to a report released Tuesday by CyberSource, a unit of Visa.

SunTrust Banks Inc. has acquired FirstAgain LLC, an online lender that targets superprime borrowers.

Former Google CIO Douglas Merrill believes his firm, ZestCash, can jump-start the subprime lending market with an alternative underwriting engine that uses thousands of consumer data points and proprietary math to aid loan decisions.

PayPal, which has been testing a point of sale payment system with Home Depot, is reportedly testing the same system with Office Depot.

ACI Worldwide announced Monday that CVS chose to use its check management service at its CVS Pharmacy stores.

In this gradual rollout, the California bank has deployed Oracle Flexcube for new, international deposit accounts and customer data management so far.

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Former Google CIO Douglas Merrill believes his firm, ZestCash, can jump-start the subprime lending market with an alternative underwriting engine that uses thousands of consumer data points and proprietary math to aid loan decisions.

Bank of the West in El Paso, Texas, is changing its name to WestStar Bank to avoid confusion with a much larger San Francisco bank that shares its name.

Fair Isaac Corp. said Friday that it has appointed John Chen as its managing director in China.

USA Technologies Inc. announced two additions to its board of directors.

An alternative payments company that lets users make electronic payments in cash is planning to quickly expand its user base and merchant clients with the addition of a mobile channel.

The Stop Online Piracy Act and the Protect IP Act, two bills that would have relied on payment companies to block funding to websites accused of content theft, were put on hold Friday.

As alternatives to automated clearing house payments start to mount and small business electronic payment volumes lag, NACHA has embarked on a campaign to get businesses to say "via ACH" more often.

Jan. 13 — Jan. 19: Visa pushes back on PIN for chip cards; what a shoe retailer's breach says about the state of data security; and more.

American Express Co.'s fourth-quarter earnings rose 12% as cardholder spending kept rising and the company booked higher revenue, though loan-loss provisions increased.

Scott Thompson's abrupt departure as PayPal's president leaves PayPal in the hands of a team of competent executives, but raises the question of who among them, if any, will be tapped to fill his role.

The squeeze on fee income, lower branch volume, and big regulatory outlays has banks looking everywhere to find savings, even in teller scheduling. Automated staffing tools are moving downmarket to smaller banks such as Bangor Savings Bank and North Dakota's State Bank & Trust.