Bank technology

The payments industry's lobbying group is touting its findings that some merchant opponents have not lowered prices since the debit card swipe fee caps went into effect.

Cardtronics has agreed to replace the ATMs deployed at National Lumber & Hardware locations in Puerto Rico.

Fiserv has inked an agreement with Sunrise Community Banks to provide processing services for general-purpose reloadable prepaid debit and gift cards.

Promontory Interfinancial Network LLC said Wednesday that its Insured Cash Sweep service is now integrated with many FIS deposit platforms through the FIS Cash Manager Module.

Despite Verizon Wireless' talk of security concerns with Google's mobile wallet, its decision to deny the payment app a place on the upcoming Samsung Galaxy Nexus smartphone may have more to do with money.

Many merchant-funded rewards companies try to entice bank credit or debit card holders with offers in their online statements. Two vendors are teaming up to bring those offers to the broader Web.

The FinTech Innovation Lab contest, in which new financial technology companies compete for the attention of big banks like Citigroup, Bank of America and JPMorgan Chase, is underway. The winners will receive some funding, but the real carrot is the chance to be mentored by bank tech execs and possibly have their new technology piloted by the banks.

Four reasons Verizon's smackdown of Google Wallet is bad for banks and consumers.

Executive vice president Paul Kadin related some of the company's strategy for becoming more relevant at a marketing conference yesterday.

Many bank employees learned long ago what a phishing email is and how to look out for one. But the threat has evolved, leading some banks to worry about whether their users have grown too confident in their years-old training to face today's attacks.

Google says Verizon Wireless is keeping it from building its new mobile payments application into a new line of smartphones that use the Android operating system.

Although business customers are loathe to give up checks, at least exceptions can be handled quicker through imaging.

Western Union announced Tuesday the launch of its Small Business Payments service.

VSoft says Meriwest Credit Union will use its technology for remote deposit capture in branches and at automated teller machines.

Fiserv said Tuesday that Momentum Credit Union in Canada is using its Acumen account-processing technology.

Seamless Distribution AB said it believes it has developed a mobile payment method that replaces the need to shop with credit and debit cards, thus saving money for merchants who no longer would have to pay card-related fees.

Casio plans to make available in February a handheld payment terminal designed for public employees who need to take card payments and provide printed receipts.

Online banking provider PerkStreet says business is booming thanks to consumer frustration over new checking fees at big banks.

As contactless card issuance grows, a provider of anti-fraud sleeves, which block the cards from being read, says demand for its product is resurging.

The $430 million Indiana bank uses new mobile technology to battle large banks and lured ten percent of its customers to download a new app in three months.