Bank technology

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.

Fraudsters are increasingly using alternative payment methods to make bogus transactions, in many cases moving away from debit cards and checks, merchants report.

Mainframe growth expected to accelerate with business growth and increasing transaction volumes.

Letting commercial customers bank and approve wire transfers on the go.

The online payment provider eLayaway said on Monday that it would join the Secure Vault Payments network and offer the service to its customers in the fourth quarter.

As part of its investigation leading to recent card-fraud arrests, the U.S. Secret Service Electronic Crimes Task Force revealed some of the latest tactics being used to snag card data to conduct fraudulent transactions.

1st Advantage Federal Credit Union had a problem: Almost no one was clicking on the banner ads it displays to cross-sell products. So it tried a different approach that boosted conversion rates for one product to nearly 10%.

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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.