Bank technology

U.S. Bancorp said Tuesday that it has launched a new iPhone app that lets its retail partners offer instant credit to their customers.

Bremer Bank in St. Paul, Minn., will upgrade its current Fiserv online banking platform to Corillian Online and add CheckFree RXP for electronic bills and payments.

Mitek said Tuesday that it released a new version of its mobile check deposit product and that it has appointed Russell C. Clark as chief financial officer.

Banks that can't offer enticing interest rates may want to take a gamble on a startup's system for pooling interest payments in a giveaway model that, to some, looks too much like a game of chance.

Online account opening provider Andera Inc. announced Tuesday that it has acquired oFlows Inc.

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The new iPhone app combines some introductory personal finance elements with an aggregation service that borrowers can access remotely.

Former Bank of America Corp. executive Sallie Krawcheck will receive $6 million after leaving the bank following a management reshuffle last month.

The bank's Global Transaction Services unit presents video and advisory content over closed-loop social media sites.

Asked how they know an online banking site is real, most U.S. consumers say they go by the overall look and feel.

A bank executive says a trifecta of issues brought the bank's website down for six days, executives have revealed — a spike in traffic, new online banking code and a customer migration. An industry expert says the underlying problem is the bank has gotten too big to manage.

The mobile payment mechanisms that win will be those that match true consumer demand, which will follow merchant adoption (or vice versa). In both cases, a standard format and ease of use will be key.

Five questions with Sam Erwin, CEO of Palmetto Bank.

In the sea of credit union iPad apps in the Apple App Store, most look and act almost identical, offering the same four or five features (check balances, funds transfer, pay bills, find an ATM or branch). The Mobile PC Branch for iPad app from Digital Federal Credit Union, offers a little more.

Puon Penn leads a Wells Fargo group that targets opportunities in green technology. Part of the job is bringing the bank's own lessons learned in the institution's green IT efforts to its prospective clients.

Alliance Data Systems Corp. will take over the private-label credit card program for Pier 1 Imports Inc., the retailer said Thursday.

For the vast majority of Americans, the role of the bank is to be there when the customer wants it to be there. Like the water company. Like the electric company.

System covers criminals with a botanical DNA spray.

A botched technology upgrade was responsible for online banking problems that spilled into a sixth day at Bank of America Corp., inconveniencing customers and handing the biggest U.S. bank by assets fresh image problems.

Steve Jobs spent his career more focused on personal computing than on personal banking, but under him Apple Computer still left a lasting mark on the world of finance.