Bank technology

Small banks have the love and large banks have the technology, but neither provide consumers with empowerment and control.

Five Questions with Alicia Moore, head of ATM banking group, Wells Fargo.

Experts say new IT spending at banks will be invested in ten categories.

Scotia Capital, a division of Scotiabank, has been developing technology that lets credit risk officers and traders at the bank share counterparty risk assessments of potential trades. The $575 billion-asset, Toronto bank has already created a real-time view of counterparty risk for its energy, equity and base-metal derivatives trading desks; rates derivatives are next. More recently, it developed a way to turn that information into loan-equivalent data that can be shared with credit officers as well as with the traders.

Commonwealth Bank of Australia made a splash with a new mobile payment app it launched in late December, Kaching. It offered a pretty video on YouTube showing how the app works and capitalized on the interest it generated by announcing the app two months prior to release.

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Impending slowdowns at the post office could hasten consumers' move to online bill pay — a boost for bankers.

As banks look for ways to get revenue from free services like bill pay, they risk becoming a target of public outcry, as Verizon Wireless has in recent days over a short-lived plan to assess a $2 fee for certain bill payments.

PointBank is looking to replace lost checking-account revenue by boosting its social media presence.

With all eyes on Wal-Mart as a potential disruptive force in the banking world, some might overlook major recent innovations coming out of the No. 2 retailer, Target.

A startup aims to make alternative payment options as streamlined as using bank-issued cards online by removing the need to authenticate the user at a separate website.

World of Warcraft players are willing to buy security tokens at $6.50 a pop. Why aren't bank customers?

St. Joseph Health System has chosen Northern Trust Corp. to provide custody and related services for its $1.8 billion operating assets.

LendingTools and Viewpointe have teamed up to provide a new settlement option for corporate credit unions.

PointBank in Pilot Point, Texas, is working with fisoc to offer its customers a social media rewards program called BuzzBanking.

Online banking customers for King's Town Bank in Taipei, Taiwan, can now send and receive Western Union money transfers internationally.

In the realm of payment card data security, 2011 qualifies as the year in which "more" became a key term on many levels.

More than anything else, Steve Jobs was passionate about design – design that leads to improved usability. His belief that both hardware and software should be functional without training sessions and manuals has changed the way many industries look at their software. But will these ideas make it into banking?

Receivables Exchange said Wednesday that it is working with Insperity to provide live receivables auctions to more small and medium U.S. businesses.

This year saw two of the U.S. payments industry's most stagnant technologies — chip-cards and decoupled debit — take divergent paths.