Bank technology

Cor blimey, IT jobs are heading over the pond.

Banks have been having a hard time getting small businesses to embrace remote deposit capture. RCB Bank in Oklahoma is taking the pitch on the road.

The name of Visa Inc.'s digital wallet understates its ambition for the service. That may turn out to be a smart branding move.

The Citizens Bank in Batesville, Ark., will use Jack Henry & Associates Inc.'s SilverLake core processing system to provide enterprise-wide automation.

The bank is expanding its investment management application for the iPad and adopting context awareness technology that combines analysis of the user's setting, device and preferences with the ability to accept multiple types of inputs, including voice and gestures.

Smart card shipments could rise 16.7% in 2012 to 7 billion units from 6 billion units this year, Eurosmart announced today. The rise is being fueled primarily by strong smart card growth in Latin America and China, the vendor trade group said at the Cartes & IDentification conference in Paris.

m-Via has built a mobile payment network designed to provide immigrants with a low-cost, safe alternative to higher-fee money transfer services like Western Union.

Bankers have long told their customers to log off after online banking sessions. But with mobile, USAA Federal Savings Bank is explicitly permitting users to stay logged on an extra 20 minutes.

Rampant data breaches have taught consumers that it is not always wise to store payment data with a third party, but soon such behavior may become the safer way to transact.

The giant search engine's alternative to Facebook is gaining traction in markets around the world.

By boosting its offerings to military personnel, JPMorgan Chase may find itself maneuvering against USAA, which has set the gold standard for serving customers in the armed forces. To succeed, JPMorgan Chase must have the right remote-banking technology in place.

Only 13% of U.S. cardholders access their credit card accounts from their smartphone.

VeriFone took another step in its quest to break free of the constraints of the aging plastic card. The payment terminal company's deal to buy Point, is as much about boosting its technology as boosting its customer relationships.

Business intelligence software vendor has seen 26% jump in sales to banks so far this year compared to the same period last year.

Banks should promote NFC as a standard at the retail level because it represents their best chance to maintain relationships with merchants and provide payment credentials to consumers, Zil Bareisis, a senior analyst for Celent, writes.

The U.S. is increasingly moving toward the EMV chip card standard as a panacea for credit card fraud, but it may actually be a Pandora's box.

Warren Buffett said his Berkshire Hathaway has invested $10.7 billion in International Business Machines this year, a major reversal for the billionaire investor who has famously avoided technology stocks.

VeriFone said Monday that it is buying the Northern European payment and gateway services provider Point to fuel its support of alternative payment forms.

First Midwest Bank has agreed to use anti-fraud technology from PhoneFactor to improve security for online banking.

The bank is using Secure Vault Payments to take security hurdles out of online donations to FamilySearch, The Church of Jesus Christ of Latter-day Saint's genealogy service, and plans to seek out other charities for similar arrangements.