Bank technology

PayPal's new access card gives the consumer an entrée to an array of linked accounts at the point of sale. "Another step in PayPal's march to disintermediate" traditional card companies, says one analyst.

Almost half express concerns about hacking and identity theft.

American Eagle Outfitters, Foot Locker and Macy's lead the list of stores that are using mobile phones for payments, offer redemption and loyalty points accrual.

Under pressure from investors to improve its performance, HF Financial Corp. in Sioux Falls, S.D., announced that it is replacing its longtime chairman and chief executive, Curtis L. Hage.

It may seem difficult to envision exactly where robust economic activity and growth can be generated in the U.S. right now. However, there is a promising area of growth for the nation's economy: exports and international trade.

When I am asked "How do we get bank customers back into the branch?" my answer is simple: How would you get them back into a Borders or Blockbuster store?

Top execs from Bluepoint Solutions, VSoft and ProfitStars share best practices and trend observations about how to push adoption of mobile remote deposit capture talk about remote deposit capture, its move into mobile and the importance of bundling with other products.

S&T Bank in Indiana, Pa., said Monday that it is launching a mobile banking system that allows customers to access their accounts via text, the Web or through an app on iPhone, Android and Blackberry.

Vendor offers software and in-person help to people who want to move bill pay and other activities to another bank.

Any card-acceptance device can be tested and approved for eligibility to use advanced encryption under an update to the PIN Transaction Security program — even if those devices do not accept PIN transactions.

IMGCAP(1)]

Many smaller institutions note a spike in activity, and are responding with special offers and tech investments.

Huntington Bank's chief digital officer Jeff Dennes shares a glimpse of his mobile banking technology strategy.

Dickson Chu, global head of digital networks and mobile for Citi, promoted an anti-ISIS, pro-Google Wallet attitude at the BAI Retail Delivery Show this week.

With e-commerce becoming a bigger target for payment data theft, Global Payments is adding another set of fraud-detection tools to help its merchant clients fight back.

Prepaid marketer NetSpend Holdings Inc., which recently lost some crucial distribution partners, has rebounded with 7-Eleven Inc.

More than 85% of community banks say that their overdraft programs have remained profitable despite rule changes that require banks to receive customers' consent before approving overdrafts on debit transactions.

"Face It, Bankers: You're Not Apple" by Andy Sobel [BankThink, Oct. 11, p. 21] contends banking shouldn't focus on innovation and instead should act like the utility sector. It conjures a Prius-driving straw man who only wants his bank to deliver cash from the ATM – "a human right," as utilities deliver water from the faucet.

Using technology to reach out to small businesses is often a challenge for financial institutions, and this difficulty is spreading to social media.

CHICAGO — Bank of America Corp.'s decision to charge $5 a month to debit-card users has sparked conversations across the industry around the best way to respond to the banking giant's PR nightmare, and the issue is not just hypothetical — at least one institution is already seeing the effect of B of A's fee in its recruitment efforts.