Bank technology

VeriFone said Wednesday that it has installed a million payment acceptance systems in Russia.

Free ATMs NYC's approach raises concerns among industry experts who have explored the possibility before. They say there are customer-service issues and even safety concerns around placing ads on ATMs.

The average checking account costs banks about $350 annually, American Banker reported this month. But whether banks should use that estimate in determining individual customer profitability remains up for debate.

The Massachusetts community bank's existing customers are getting older, new lending is stagnant and regs are around the corner. An analytics-driven rewards program, it is hoped, will help cure all three.

Does an ATM-locator app need to have sex appeal? At first, the design of the new PNC Finder app for the iPhone seems like it might be overkill. But its main feature — an augmented-reality display — is winning over customers.

A Stanford University professor has filed a letter with the Federal Communications Commission urging it to investigate Verizon Wireless's blocking of Google Wallet on its new smart phone.

Reaching new customer via social media is nice, getting them to make payments there is better, according to Aite Group analyst Ron Shevlin.

VeriFone Systems Inc. is ready to go live with its first content partner for a system that allows video to be played on gas-station payment terminal screens: NBCUniversal Inc.

The firm's new Financial Stability Risk Score digs deeper into risk to attract lenders skittish in the rough economy, identifying the accounts with the highest risk of failure.

JPMorgan Chase said it is planning to install roughly 800 automated teller machines at ampm convenience stores/gas stations in California and four other western states.

As banks reinvest in technology to serve the small business segment, vendors are stepping up their offerings in this category. An example is Wausau, which is rolling out an expanded version of its Deposit 24/7 remote deposit capture product.

Online marketer edo Interactive has hired payments industry veteran Steven J. Kietz, a former executive at Citigroup and JPMorgan Chase, as head of its financial services team.

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Lots of banks and nonbanks are trying to bring automation to the decidedly unautomated small business sector. Western Union's the latest to try with a new online payments engine.

Nonprofit organization has accused Verizon of using its leverage over business partners to restrict the ability of Verizon Wireless subscribers to download, install, and operate end user mobile phone software.

About 80 million mobile phones are expected to ship with built-in near-field communication technology that can be used to transmit payment information between devices.

The bank's core overhaul touches almost every area of the bank, from security to CRM to mobile.

Banks have been much maligned for nickel-and-diming their customers, but in another area — cardholder fraud protections — they are being praised as consumer champions.

VeriFone has defied the headlines decrying gloom over the European debt crisis by enjoying continued growth in the region while continuing to expand payment-terminal installations rapidly in Latin America.

Someday there may no longer be such a thing as an alternative payment.This year, there have been several acquisitions or product changes that take alternatives and combined them with a company or product that handles payments in person.