Bank technology

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.

Banks are starting to take a closer look at the Foreign Account Tax Compliance Act, though its rules do not take effect until 2013. And even though FATCA is focused on companies based outside the U.S., its effects may gradually influence domestic financial institutions.

A California start-up is building what it calls the "Visa of prepaid." But it has a long ways to go before it becomes a household name.

A Plano, Texas, check-imaging technology provider has settled its federal patent infringement claims against U.S. Bancorp for undisclosed terms.

When online shoppers are looking for alternatives to credit and debit cards, Mopay hopes they will consider adding charges to their Internet service provider's bill.

As more banks allow smartphones to remotely access sensitive systems, they may need to beef up their security for handhelds.

Online "hacktivist" group Anonymous claimed Sunday it had stolen a trove of emails and credit-card information from U.S.-based security firm Stratfor's clients, and vowed additional attacks.

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United Bankshares in Charleston, W. Va., and local organizations in the Washington area figured out that cooperating on a bike program could improve big-city commutes, recruit new customers and help the unbanked.

Modern technology allows a new entrant in the peer-to-peer lending space, SoMoLend, to create a more targeted matching system for small-business borrowers and lenders.

Visa Inc. is setting aside $1.6 billion to cover potential costs from pending lawsuits, the credit-card processor said Friday.

By outsourcing large parts of its core, the Washington State community bank is removing more than a dozen different vendor relationships.

A Northern Michigan gas station redesigned the payment process around drivers' IDs to deter dishonest motorists that were driving off without paying for their gas.

eBay's acquisition of BillSafe, which lets shoppers pay for purchases only after they receive a mailed invoice, shows its commitment to the instant-credit model. But observers warn that this model requires finely-tuned risk management to guard against fraud or excess delinquencies.