Bank technology

Chase Card Services is dropping the Blink contactless-payment brand from new and renewed cards and instead is using the contactless brands supported by the major card networks — Visa's payWave and MasterCard's PayPass.

Open Solutions will offer its clients access to the FinApp system from Yodlee. The partnership will give Open Solutions access to a wider breadth of applications, as well as a personal financial management platform it can offer its small bank and credit union customers.

The touch-screen coffee-table computer used by RBC, Umpqua Bank and other banks in their branches now has more sophisticated sensors.

Card data security risks for online merchants or those operating payment schemes via cloud computing will get much attention next year from the Payment Card Industry Security Standards Council.

Cor blimey, IT jobs are heading over the pond.

Banks have been having a hard time getting small businesses to embrace remote deposit capture. RCB Bank in Oklahoma is taking the pitch on the road.

The name of Visa Inc.'s digital wallet understates its ambition for the service. That may turn out to be a smart branding move.

The Citizens Bank in Batesville, Ark., will use Jack Henry & Associates Inc.'s SilverLake core processing system to provide enterprise-wide automation.

The bank is expanding its investment management application for the iPad and adopting context awareness technology that combines analysis of the user's setting, device and preferences with the ability to accept multiple types of inputs, including voice and gestures.

Smart card shipments could rise 16.7% in 2012 to 7 billion units from 6 billion units this year, Eurosmart announced today. The rise is being fueled primarily by strong smart card growth in Latin America and China, the vendor trade group said at the Cartes & IDentification conference in Paris.

m-Via has built a mobile payment network designed to provide immigrants with a low-cost, safe alternative to higher-fee money transfer services like Western Union.

Bankers have long told their customers to log off after online banking sessions. But with mobile, USAA Federal Savings Bank is explicitly permitting users to stay logged on an extra 20 minutes.

Rampant data breaches have taught consumers that it is not always wise to store payment data with a third party, but soon such behavior may become the safer way to transact.

The giant search engine's alternative to Facebook is gaining traction in markets around the world.

By boosting its offerings to military personnel, JPMorgan Chase may find itself maneuvering against USAA, which has set the gold standard for serving customers in the armed forces. To succeed, JPMorgan Chase must have the right remote-banking technology in place.

Only 13% of U.S. cardholders access their credit card accounts from their smartphone.

VeriFone took another step in its quest to break free of the constraints of the aging plastic card. The payment terminal company's deal to buy Point, is as much about boosting its technology as boosting its customer relationships.

Business intelligence software vendor has seen 26% jump in sales to banks so far this year compared to the same period last year.

Banks should promote NFC as a standard at the retail level because it represents their best chance to maintain relationships with merchants and provide payment credentials to consumers, Zil Bareisis, a senior analyst for Celent, writes.

The U.S. is increasingly moving toward the EMV chip card standard as a panacea for credit card fraud, but it may actually be a Pandora's box.