Bank technology

Diebold Inc. experienced drops in third-quarter revenue and profitability, but the ATM maker's chief executive highlighted gains it made in North America

The bank's cross-channel strategy executive discusses gauging consumer comfort with new technology and cross department cooperation. And he's keeping an eye on tablets as a hot new device.

Nearly 14 percent of U.S. mobile subscribers accessed banking services.

Visa Inc. next year plans to ramp up a series of incentives for merchants and acquirers, as the world's largest payments network braces for new regulations that are expected to cost it some debit transactions.

Reversing its longtime policy of accepting only American Express Co. cards and its own private-label card at its stores, Neiman Marcus Inc. said Thursday it will also start accepting cards backed by Visa Inc. and MasterCard Inc.

Entrepreneurs form startups to shake up the industry and bring in new ideas – a mindset that some are saying plays well with the themes behind the Occupy Wall Street protests.

When showing solidarity with the Occupy Wall Street protestors, financial executives run the risk of having their message drowned out by their wealth.

If the only thing preventing a customer exodus is the sheer hassle of switching banks, there is a real danger that one day an enterprising company or competitor will come along and solve that pain point.

Visa Inc.'s profit rose 14% in the fiscal fourth-quarter as consumers spent more using its credit and debit cards and the volume of transactions it processed grew.

Founder Josh Reich says his firm is not hitting the big bank debit fee issue hard in its marketing, it's focusing more heavily on its technology and overall model. But the startup's message is still pretty clear.

Merchants will dictate which mobile payment models become mainstream, attendees at a mobile commerce conference this week said.

While the world waits for the iPhone to support NFC, RIM quietly slips into the contactless payment arena as the world awaits iPhone support for contactless payments.

IPhone-toting bank customers can make contactless payments at MasterCard PayPass terminals using an NFC chip-equipped iPhone sleeve.

Although banks have broadly implemented fraud prevention tools such as device authentication and challenge questions, only 6% are confident that their fraud prevention and detection tools can detect cross-channel fraud patterns, a Novarica study has found.

Yodlee announced that Bank of America is using the vendor's FinApp platform to customize its online banking and financial management website. B of A follows Citi as the second bank using the technology.

Intuit's Mint.com is launching an iPad application that it says can boost its referrals to financial accounts by making money management social. The new version is designed to help encourage users to make financial decisions as a household that they might put off as individuals.

Thirty year veteran and sales chief Rometty will take the top job in 2012; current CEO Samuel J. Palmisano to continue as chairman.

An increase in transaction volume and new accounts fueled a small increase in third-quarter revenue for TSYS, the company announced Tuesday.

TSYS' third-quarter earnings rose 27% as the company continued to benefit from strong international revenue growth, while its North American business also improved.

To address what one might call a "flight risk," MasterCard Inc. plans to test contactless payments at 30,000 feet, enabling airlines to accept more secure plastic — and potentially mobile — payments aboard planes.