Bank technology

Dynamics announced a chip card that can re-write itself and hold two different accounts. The new product is a chip-based variation of Dynamics' rewritable magnetic-stripe card, which lets users select an account by pressing a button built into the plastic card.

Google Inc. will launch its mobile wallet with MasterCard Inc. and Citigroup Inc. in "a couple of weeks," MasterCard CEO Ajay Banga said, but he cautioned that Americans will not regularly pay with their phones for years to come.

To help banks sell card and other products effectively, a slew of vendors have come out with new transaction data analytics software.

S1 confirmed Friday that its planned merger with Fundtech has been terminated. But S1's board still does not want the company to be bought by ACI Worldwide, which has made repeated hostile bids for S1 in recent weeks.

Fiserv will begin personalizing chip payment cards based on the EMV standard. These cards feature a micro-processing chip that stores cardholder data more securely than magnetic stripes do.

If a merchant plans to use advanced data encryption as a credit card data security measure, the Payment Card Industry Security Standards Council now has some guidelines for how best to go about it.

Offering Fiserv's software to read and enter check data so credit union tellers don't have to.

New malicious software comes out on an almost daily basis. Sun National's tech leaders discuss the software they use to tackle the problem.

In the midst of massive bank layoffs, one bank is looking to hire, with help from an iPhone app.

MasterCard is emphasizing products aimed at affluent consumers as well as emerging categories like prepaid cards and mobile payments in an effort to drive growth, executives said Thursday.

The board of the payments technology vendor Fundtech plans to halt its intended merger with S1 after receiving a separate offer from the private equity firm GTCR.

Hearst-backed E-biller Manilla aggregates bank accounts, rewards and coupon information for consumers.

The recent Dreamforce conference in San Francisco focused on the rise of the 'social enterprise.'

The volume of mobile and e-payments has grown around the world, despite the troubled economy, according to research from Capgemini and Royal Bank of Scotland. Card transactions are growing 10% annually as check usage drops.

Wells Fargo was rated top among retail banks in the overall quality of its mobile banking products and services according to Keynote. The largest banks are trying to create a new channel that goes beyond what they do with PC online banking.

Merchant-funded rewards provider BillShrink Inc. is expected to announce Wednesday it has changed its name to Truaxis Inc.

Fiserv said Wednesday that it has completed its acquisition of the New York bank technology and payments vendor CashEdge.

Despite an increase in the number of cyber attacks, losses to financial institutions and their customers have fallen over the last 18 months.

S1's board advised the company's shareholders not to accept the exchange offer ACI made in its hostile bid. ACI's offer, which would disrupt S1's planned merger with Fundtech, "is not in the best interests of S1 or its stockholders," S1 said.

The new law's a major impetus behind a huge GRC project that will touch all departments.