Bank technology

Long wait times at branches and slow loan approvals have become unacceptable to the credit union, which is upgrading most of its IT via a Corelation platform.

Underwriters Laboratories plans to help customers guard against payment fraud and data theft.

Former IT chief Kelly Dubbert will become chief operating officer in mid January.

Many companies still cling to time-sapping policies of checking transactions manually for mistakes and abuse. That is changing as more commercial-card issuers offer card-auditing programs designed to catch errors and variations from corporate spending policies automatically.

Elavon, a unit of U.S. Bancorp announced Wednesday a secure payment product that turns mobile devices, such as cell phones, into chip-card payment terminals.

InteliSpend Prepaid Solutions announced Wednesday a Visa-branded prepaid corporate card as an alternative to traditional corporate credit cards.

SVB Financial Group in Santa Clara, Calif., is expanding its banking unit to Arizona by opening an IT and operations facility in Tempe this year.

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.