Bank technology

Chase Paymentech's David Wallace discusses the ins and outs of new innovations designed to help reduce the scope of PCI audits, boost security and avoid data rashes.

American Express Co. announced on Tuesday that it will invest $100 million in early-stage digital commerce startups, as the company steps up its efforts to court younger, tech savvy consumers to widen its customer base.

Congressional Federal Credit Union has deployed software to ease the process of onboarding disgruntled bank customers.

Research finds consumers increasingly fond of their ATMs, yet resistant to foreign ATM fees.

The Defense Department is offering a year of credit monitoring to the nearly 5 million people affected by a data breach in September.

Banking and payments executives try desperately to figure out where their debit card strategies all went wrong – and what, if anything, they can do next – at an industry conference.

Promontory Interfinancial Network LLC will integrate its Insured Cash Sweep and Certificate of Deposit Account Registry Service with Fiserv Inc.'s Premier bank platform.

PayPal Inc., a pioneer in alternative online payments, is now seeking to stake a new claim in the burgeoning and increasingly congested mobile payments space — and what sets it apart may be a three-year-old acquisition.

A glimpse of what may represent the future of payments has arrived, but thus far only in certain geographic areas. With the Card Case smartphone application from Square Inc., consumers pay simply by stating their names at the point of sale.

The mobile wallet providers Google Inc. and Isis continue to position their products as more than just payments vehicles to replace plastic cards.

AmeriFirst is turning to technology to bring servicing operations in-house while achieving the same cost efficiencies that traditionally have been achieved via subservicing arrangements.

Executives at a payments industry conference took some jabs at the regulations slashing their long-cherished debit card interchange fees.

Jeff Dennes, chief digital officer at Huntington, says the bank will quickly evolve its new iPad app, which is the first from a regional bank in the App Store.

Gemalto is offering a new product that secures online banking transactions using a combination of a smart card, secure browser and Adobe reader technology.

MasterCard is short on details for plans to beef up share in the debit card space on its third-quarter earnings call with analysts. The network posted strong earnings and revenue gains despite a sluggish economy.

Bank technology provider Fiserv has positioned itself for a wave of growth in electronic payments. It expects its recently purchased CashEdge and related business lines to balloon in the coming years.

While saving money and paying debts can be its own reward, Bank of the West is taking the added step of offering potential prizes to consumers who reduce outstanding credit or boost savings.

Banks and financial institutions have been sitting on vast amounts of customer transaction data for several decades now. The hardware and software technologies to make sense of this vast storehouse of data have been available for at least a decade now. Meanwhile the appetite for insightful data to help marketers target customers online has grown enormously, as has users' disdain for untargeted advertising.

Citing steady international growth and earnings from increased debit network fees, First Data delivered a 3.8% increase in third-quarter consolidated revenue.

Jack Henry & Associates said its first-quarter net income for its fiscal year 2012 rose 15% to $36.5 million from a year earlier, lifted by growth in support and service revenue.