Bank technology

PhoneFactor has added an iPhone application to its suite of out-of-band security products.

The prepaid card marketer Green Dot Corp. announced Monday that it has hired a Visa Inc. veteran, John MacIlwaine, to be its new chief information officer.

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A few weeks ago, I wrote a column describing the financial preferences and behaviors of underserved consumers by painting a picture of an archetypal consumer named Sue. Taking stock of the true needs of the underserved helps explain why traditional bank products and practices often miss the mark.

Small banks like Arkansas' Citizens Bank are taking on core upgrades to reduce costs, consolidate relationships, increase speed to market, and obtain more tools to compete against large banks.

Outspoken mobile payments executive, originally from PayPal, has left the banking world for mobile coupon company.

Lightweight phone-based merchant terminal being tested in New York, San Francisco, Dallas and Chicago.

Bank of America Corp.'s head of online banking is defecting to rival JPMorgan Chase & Co.

The startup plans to use social media sites as a sign-up venue, forcing it to address public worries over the privacy of sites like Facebook.

Discover Financial Services on Thursday said it has expanded its partnership with Zynga, Inc., which makes online games including FarmVille.

Future mFoundry mobile banking app will include the ability to make contactless debit and credit card payments through MasterCard PayPass.

The payment technology company plans to roll out a series of new products using merger partner BankServ's technology.

System to use barcodes to draw payments directly from customers' bank accounts.

The German bank is teaming with Capco to develop a model that can be used to predict the impact of a new technology deployment on the entire IT infrastructure, a solution the tech consulting firm hopes to bring to the competitive predictive analytics market

New Orleans savings bank to deploy core processing, teller and IVR software from the vendor.

Software built for heavily regulated industries allows for review, approval and archival of Tweets and Facebook postings.

The most popular iPad app in the Finance category of the Apple App Store in late November was Mint.com Personal Finance, which was released October 26. Mint has 6.5 million registered users, which explains the popularity and the 4,924 ratings the app had in late November. This is a "universal" app that runs on the iPad and the iPhone.

A consumer survey finds many people would use banking and financial apps on a tablet computer, but few are interested in mobile payments.

Mailing mortgage documents to borrowers and getting them back, often partly signed, was costing National Bank of Kansas City fees and productivity.

First Midwest Bank finds automated calls to customers are effective at thwarting funds transfer fraud.