Bank technology

Larger banks may feel threatened by the string of new, aggressively priced prepaid cards, but a group of credit unions is attempting to instead embrace this trend by modifying their ATMs to sell fee-free stored-value cards.

Regions Bank has begun offering Secure Vault online payments, saying it prefers the method over ordinary automated clearinghouse payments.

Payments processor Total Systems Services Inc. has signed a new agreement with merchant services provider Pivotal Payments Inc., the companies said Tuesday.

Intel is using an authentication system from SecureKey Technologies in its Ultrabook computers.

Rising cybersecurity threats are pushing big banks to do something that doesn't come naturally for these secrecy-steeped institutions: share information with one another.

Associated Banc-Corp has selected Datacard CardWizard issuance software for instantly issuing debit cards.

Banks are asking for more data from card networks as they attempt to comply with new regulations capping debit card interchange fees, a Capital One executive said.

Prepaid cards have struggled against the perception that they are disposable and predatory. A card designed around the teachings of personal finance guru Suze Orman is aiming to break those stigmas — and may displace long-term banking relationships in the process.

The last thing banks need is a new competitor in the mix for mobile payments, but that's exactly what they've got with PayPal testing software at Home Depot.

First Internet Bancorp is creating a new division to offer traditional commercial and industrial lending to businesses in Indiana.

U.S. Bancorp has implemented the electronic payments system Secure Vault Payments with the Nebraska Child Support Payment Center for parents to make child-support payments online.

IBM's recent signing of five new banks builds on the success of its involvement with M-PESA and reveals a burgeoning market for enterprise bank technology in Africa.

So-called direct banks have become a favored avenue out of the shadow financial system, and into the federal safety net, for household names like General Electric, American Express and Discover.

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Wealth managers indicated in a survey report from Celent that they are likely to add or enhance client relationship management systems and client-reporting and client-facing technology tools within the next two years.

Banks today find themselves in a strategic box as seemingly impenetrable as one of their vaults.

PayPal Inc. is testing its point-of-sale software in five Home Depot stores, as part of the online payments company's campaign to cut out traditional networks Visa Inc. and MasterCard Inc.

With its Jan. 5 unveiling of an at-the-table digital payment terminal called the Rail, Viableware joined other technology companies that for the past couple of years have been trying to eliminate the standard restaurant bill-payment methods.

As Global Payments Inc. reported quarterly earnings, the processor announced a deal to purchase CyberSource's U.S. merchant-acquiring portfolio from Visa Inc.

The global payment organization has deployed business intelligence software that lets members analyze the data tied to messages so they can measure performance and spot opportunity.