Bank technology

Yahoo Inc. named dark-horse candidate Scott Thompson, the president of eBay Inc.'s PayPal division, as its new chief executive.

Companies globally that provide such services will see some $55 billion in international remittances made through mobile devices by 2016, according to a December report from Juniper Research.

Consultancy Beyond the Arc will use Attensity's filtering technology in its services.

Fearless forecasts for consumer finance and bank technology in the new year.

Citi's new Facebook application moves the ball forward for banks that want to combine social media with banking activity, but it also raises concerns about privacy and security of consumer data.

Jack Henry's ProfitStars, FIS and Clairmail are all among the firms upgrading the look and feel of their web-accessed mobile banking offerings as the use of 'non native' apps continues to be strong.

1st Capital Bank in Monterey, Calif., said Tuesday that it has selected First Data for its online banking services.

VeriFone announced Tuesday that it completed its acquisition of the Northern European payment and gateway services provider Point.

Community banks can find revenue in small-business lending. But frustration on both sides threatens those relationships.

U.S. bank IT spending is showing some signs of life, with experts predicting a steady, if unspectacular, rise in investment. CIOs of Huntington Bank, Capital One and BB&T reveal what they're buying next year.

Some predictions are easy. Mobile banking and tablet banking apps willbecome more sophisticated. IBM recently came out with its own list of five technologies that will define the future. Many of these already exist and some are relevant to banks.

Banks' need for powerful software has never been higher, but satisfaction with existing tools is down.

The "bring your own device" to work movement brings convenience to employees and tests the wit and verve of IT staff.

Smartphones equipped with context-aware computing can use motion sensors to switch to voice-activated mode. Are bank customers ready for phones that know what they're doing?

Fifth Third chose the simple way to figure out what customers wanted from a bill-payment solution: ask them.

An aging core system required more coding knowledge than new employees at First Federal of Bucks County could handle.

The Mississippi bank's purchase of software for risk-assessing and stress-testing commercial loans proved fortuitous when it bought Whitney Bank and its book of troubled real estate debt.

A Google+ page parodying Bank of America made a splash during the second week of November. Being the butt of a joke isn't the worst thing in the world, but it can make a company look clueless.

A recent survey indicates that a majority of banks plan to spend more on small-business IT than they did last year. Fifth Third is among those making both organizational and technological investments.

Mobile carriers' ability to protect consumers' mobile payment transactions has been called into question.