Bank technology

Tagattitude's TagPay uses sound waves to securely transmit payment information without the need for a near-field communication chip. The French company's sound-based system generates dynamic data that is unique to each transaction.

Bank of America announced its use of an Intuit payments product designed to alleviate a big headache for most small-business owners: payroll. By offering it, B of A is going after the lucrative small-business market, which experts say is chronically underserved by banks.

Wells Fargo & Co. is blaming a printing error for mailing numerous Florida and South Carolina customers statement details from other people.

Genome projects map the relationship between human DNA and musical preferences, so why not that of people and their cards? Many companies are mapping the so-called payments genome to make more accurate predictive marketing decisions and improve fraud detection.

SVB Financial Group's stock was up sharply Friday after the company reported third-quarter earnings that handily beat analysts' estimates.

Third-party processors like Total System Services Inc. and First Data Corp., who help run credit card systems for banks, are anticipating new business from the renewed activity in the credit card M&A market.

Mobile banking expansion initiatives at S&T Bank and America First Credit Union are mixing browser-based services and native apps, as mobile banking for "non smartphones" holds lingering sway with consumers.

A former head teller at West-Aircomm Federal Credit Union pleaded guilty to embezzling $400,000 by taking cash from three ATMs.

Equifax is expanding the availability of technology it's developed to aid mortgage investors analyzing whole loan portfolios before and after they're purchased.

Silicon Valley Bank said Thursday that it has received a key approval from a Chinese regulator to establish a joint venture bank in Shanghai.

For years, PNC's Virtual Wallet team has been working to make online banking so easy a child could use it. With its new 'S' is for Savings account, designed with Sesame Workshop, it may have met that goal.

The San Antonio financial services firm continues to add automation to its retail banking channels.

Banks are ideally positioned to use their data on consumers' purchase histories and merchant relationships to send targeted daily-deal offers to customers. Groupon's random solicitations wouldn't stand a chance.

Banks that rely on old-fashioned credit risk models or credit ratings to calculate risk-based capital reserves will suffer when Basel III becomes adopted in the U.S., Moody's head of quant credit research says.

Washington Trust Bank will be one of the first banks to use FIS' new Business eBanking product.

To get its new payment system moving, Google Inc. is working with New Jersey Transit Agency to allow Google Wallet users to purchase tickets at some vending machines and ticket windows and to pay fares on seven bus routes.

Greasing the skids for fee-driven big-bank customer attrition, TIC Federal Credit Union and Tennessee Bank are among the financial firms using a new service to help people through the arduous process of transferring recurring transactions from the old bank to the new institution.

With the introduction of Wag bank, Jeff Stephens is trying to create a direct bank for pet lovers — a concept that failed 10 years ago in different hands. Wag, the bank for dog owners, is the first of what Stephens plans as a series of niche banks focused on affinity groups.

Attacks on European ATMs were 69% in the first half of this year, compared to last year. On the bright side, card skimming is on the wane.

Early provider of online banking services directed at small businesses.