Bank technology

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.

Rogers Communications Inc., Canada's biggest wireless phone company, plans to start a bank, primarily focused on credit, payment and charge-card services, a filing with the Canadian government said.

American Express, which has been developing prepaid and digital payment options to expand its audience, has added yet another product: an online-only gift card.

As ATM operators consider upgrades, security is a priority, but not the top priority. Operators are most welcoming of any function that reduces cash replenishment and deposit collection costs. Security improvements are the next highest priority.

Mobile payments have attracted tons of buzz over the past year, but even with all the hype, the tough rules of business apply, particularly for those companies that can't find the right niche or powerful cheerleaders, or run afoul of stringent regulations.

Core banking purchases have stayed level, vendors systems are getting better and overall things are not as bad as they might seem.

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Eighty-five percent of U.K. consumers say they would recommend the technology, but 37% lack of retailer acceptance prevents them from using it more often.

Selco Credit Union will go from an outsourced relationship with VSoft to licensing and to in-house development to defray deployment costs, yet maintain control as the credit union expands ancillary services tied to check processing.

Catherine Palmieri, a veteran of Citigroup Inc. and CashEdge Inc., has been hired as chairman and chief executive officer of a unit of TIAA-CREF.

Zions, in its attempt to spot fraud, was gathering much more data than its technology could handle. While searching for a needle in a haystack, it was just piling on more hay.

BofI Holding Inc. in San Diego is planning to raise $10 million in a stock sale and intends to use the proceeds to support growth and to boost regulatory capital at its bank subsidiary, Bank of Internet USA.

Banks of all sizes are tackling changes in regulations such as RESPA. Bank of Billings is using loan documentation compliance software to meet the challenge.

Computer Services Inc. said Thursday that it completed its acquisition of Heit. It did not disclose the price of the deal, which it announced Aug. 10.