Bank technology

BofI Holding Inc. in San Diego announced Monday that it has changed the name of its federally chartered savings bank from Bank of Internet USA to BofI Federal Bank.

Most banks design mobile sites as shrunken versions of online banking. Citigroup Inc.'s new website instead takes the lessons of mobile and blows them up for a bigger screen.

The payment processor Planet Payment Inc. is delaying the release of its financial results for the first half of 2011 as it considers a change in the way it will report future revenue.

A wider availability of smartphones combined with more contactless acceptance at merchant locations should generate some $71 billion in near field communication mobile payments worldwide by 2015, research suggests.

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In retail banking, we look for trends: the branch of the future; the winning mobile banking platform; prepaid cards. It's harmless fun.

Hypercom USA announced Friday that it has changed its corporate name to Equinox Payments LLC.

Commercial banks with large corporate clients have no room for error in guarding against attacks. Any crack in a bank's security can make it look like it has no security at all.

An open standards-driven collaboration with SWIFT and SAP is helping the bank increase automation in corporate payments processing. Other elements of treasury management will follow.

Wells Fargo & Co. said Friday that it has struck a deal to provide trade-finance services to Indian Bank in Chennai, India.

Is Bank of America charging for debit cards because it is shortsighted or because it is too bloated to compete against smaller institutions for consumer accounts?

JPMorgan Chase & Co. has hired former Sears Financial Services executive Susan Ehrlich as its senior vice president of next generation payments.

A lack of understanding got users riled up when the app asked them for permission to access their contact list without explaining why.

First Tennessee Bank is offering customers the ability to make deposits by taking pictures of their checks with their iPhones.

Fiserv announced BancAnalyst Risk, a new online tool to help financial institutions evaluate risk.

Whereas most financial companies use Facebook and Twitter solely for branding and customer service, some have taken the next step and designed financial products that are meant to be interacted with primarily through social networks and online games.

The vast majority of companies continue to fall short of complying with the Payment Card Industry data security standard during their initial audit, with only 21% getting a passing grade.

Card association will allow European Visa cardholders to send money to each other by phone.

Paul Smocer is spearheading a new project intended to help banks monitor their internet service providers' authentication methods.

A cloud is hovering over bankers due to the Durbin Amendment and its impending impact on their revenue. However, for bankers who focus on unique opportunities to grow their customer base, these regulatory changes coupled with emerging technologies can present a profitable silver lining.