Bank technology

Regulators should not allow any more bank mergers if the resulting entity would exceed $100 billion in assets. The return is just not worth the risk.

Credit card company American Express Co. plans to open up a Silicon Valley office later this year to find partnerships with the "local technology and venture communities." The company has hired Harshul Sanghi, the managing director of North American venture activities for Motorola Mobility, to run its new office.

American Banker recently ran four items about allegations that banks were ripping off various kinds of businesses: retailers, appraisers, pension funds and homeowners' associations.

Bank social media executive Wendy Arnott is melding Twitter with existing service channels to gain a high growth rate.

S1 has postponed the shareholder meeting it scheduled to vote on its planned merger with Fundtech. The meeting, originally scheduled for Sept. 22, is now planned for Oct. 13. S1 still faces a hostile bid from ACI Worldwide.

The paperless document storage provider Doxo has signed up Sound Community Bank. Sound, of Seattle, will let customers receive all communications in Doxo's online file cabinet.

A new survey released Thursday by the American Bankers Association revealed that, for the first time, most Americans 55 years and older prefer to do their banking online rather than at branches or automated teller machines.

Software lets mobile banking users apply for a better credit card deal by taking a photo of a card bill with their mobile phone.

A borrower who defaulted on a mortgage during the recession is not necessarily a bad risk for a credit card lender. To properly evaluate risk in the current environment, First Data is adopting a new instant-credit decisioning and underwriting system from Zoot.

Sam Erwin, CEO of Palmetto Bank, uses a dashboard to locate and fix IT problems and spot underperformance and other weaknesses in minutes. It's helping him guide the bank through its recovery from the credit crisis.

IronKey Inc. is adapting its secure browser system, which typically runs off a USB device, to run as a downloadable application.

NACHA survey finds twentysomethings long to be green and reduce clutter.

MasterCard is urging ATM owners to add hardware for accepting chip-card payments. Those that don't may be faced with a higher level of liability. The plan affects inter-regional transactions on its Maestro network.

The credit union's attracting brick and mortar consumers with GPS-enabled smartphones with a rewards program-based on mobile social media "check ins" at branches, an approach also being tried by DBS Bank in Asia.

Merchant terminal maker just finished third quarter of 20%+ revenue gains.

Two important votes this month will determine fate of ACI Worldwide's hostile bid for S1, which would thwart S1's planned merger with Fundtech.

Equifax has acquired Datum, a Costa Rican credit reporting company.

Just days after announcing plans to raise $10 million in a preferred stock offering, BofI Holding Inc. in San Diego now says it intends to raise $18 million.

The Enterprise Cloud Leadership Council, under the guidance of ING CTO Tony Kerrison, is creating not just best practices guidelines and standards, but actual code that members can adapt and use in the building of cloud services.

App lets students deposit checks using their iPhone, iPad or dorm room scanner.