Bank technology

NCR Corp. has signed a deal with PayPal Inc. that will allow consumers to make person-to-person payments through ATMs.

To thwart fraud attempts at the earliest stage of a transaction, Turkish Airlines is linking its website to fraud monitoring services from Visa's CyberSource.

Citigroup's Global Transaction Services division launched a new mobile service for banks' institutional clients to use for their cash management and trade finance needs. The service, called CitiDirect BE Mobile, builds on CitiDirect BE Online.

PayPal is putting itself at nearly every possible point of a consumer's banking relationship – from account-opening to payments and even reward-redemption – through a series of new partnerships.

While Apple co-founder Steve Jobs had little direct influence in the mortgage technology industry, his passing has prompted many mortgage tech executives to reflect on how Jobs influenced and inspired their own contributions to technology.

Personal financial management tools are seen as nice to have – but not a need – for mobile banking. One vendor says the opposite is true: It sees financial management tools as the onramp to mobile banking.

The "Occupy Wall Street" protests may be transpiring far outside the panel discussion rooms at the BAI conference in Chicago's South Loop, but for bankers, the public dissatisfaction evident in those protests was front of mind.

Technology companies are chasing new business from banks that face reliability, compliance and risk issues, along with shrinking fee sources.

IDC Financial Insights relied on a number of sources to gather the data in the eighth edition of the FinTech 100 and Enterprise 25 rankings.

The financial world continues to be buffeted with uncertainty and turbulence, yet through it all the FinTech community perseveres — and even thrives. In this year's FinTech 100, leading technology providers increased their revenues from financial institutions to $58.1 billion, up nearly 10% in a very difficult economy.

Core banking provider FIS increased revenue 40 percent last year, and hopes its Capco buy will maintain the momentum.

The Brookfield, Wis., technology company took steps this past year to bolster capabilities in mobile banking as well as mobile and online person-to-person payments, products that generate a lot of fanfare but have yet to result in significant financial gains for most banks.

Tata Consultancy Services is on a mission to help banks grow again. That's a turn around from just a couple of years ago, when the company earned its bread and butter helping banks digest the many mergers and acquisitions that they undertook or that were thrust upon them during the financial crisis.

SunGard Data Systems has its work cut out in trying to get banks to spend on information technology again.

Ask NCR Corp.'s chief executive Bill Nuti what his company's biggest accomplishment in the past 12 months was, he'll tell you Scalable Deposit Module.

Diebold is making subtle, but big, moves in its technology and business. It's concentrating on the wires and networks, the guts that make ATMs work.

Despite challenges, 2010 wasn't all bad for LPS. For the year the company posted net earnings of $302.3 million — up 9.6% from 2009 — off total revenue of $2.5 billion, up 3.6%.

Despite First Data's size and diversity — it handles payments for six million merchant locations and several thousand credit card issuers, its STAR network runs 20% of PIN debit transactions, it provides payroll processing and check verification.

Nomura Research Institute's cloud-based Internet banking service has drawn only a handful of tire-kickers in its first few weeks, but executives of the outsourcer and consultant say they're confident the service will have plenty of takers.