Bank technology

As if the financial system needed more challenges, there is a huge one lurking that never goes away: keeping data secure. Because our current market and economic predicament has presented a barrage of other risks that are perceived as more immediate, securing customer and corporate data too often remains at the bottom of the triage list.

New guidelines advise using stronger authentication for business accounts, but more community banks use it for consumer accounts.

The bank is offering web data backup to U.K. businesses, regardless of whether the businesses are Barclays clients.

Kennesaw State University has entered into a partnership with mobile money start-up TreasureCom to develop and market banking applications for mobile phones.

Starbucks changed its mind about allowing a customer to share his prepaid card with the world.

S1 and ACI Worldwide are each trying to win over shareholders in their ongoing merger feud. The Vendors on Monday tried to influence how S1's shareholders will vote for its pending merger with Fundtech.

ISIS, the telecom consortium intent on offering a mobile payment scheme, is building out a wider range of mobile wallet capabilities to keep up with its aggressive rival, Google.

Citi spent years developing a unified platform for electronic statements. Now it's beginning to reap the benefits.

Google's acquisition of Motorola Mobility Holdings strengthens the search giant's mobile payment plans.

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Bank executives who oversee ATMs view the channel as a "differentiator" in terms of enhancing the customer experience and are exploring ways to introduce additional advanced features such as personalization and targeted marketing and messaging, a new report suggests.

For borrowers with little credit history and therefore no credit score, one mortgage company is looking at other type of payments to determine creditworthiness.

The Office of Financial Research said Friday it had delayed plans to issue a rule requiring financial firms to use a legal entity identifier when they report data to the OFR.

Banks have struggled for years to get their customers to accept paperless account statements. But even among those who have succeeded in such efforts, paper use has risen.

The latest forecast of mobile payment growth, from U.K. research company Visiongain, calls for $150 billion in mobile-phone-generated payments to take place globally by the end of this year.

BNY Mellon has expanded its Treasury Services group's electronic billing and payment processing capabilities to include notifications via SMS text messaging.

MasterCard has promoted Debra Janssen to managing director of its Access Prepaid Worldwide subsidiary.

Mitek Systems said the number of financial institutions using its mobile-imaging technology for check deposits has doubled to 80 in its third fiscal quarter, which ended June 30.

Though Simple Finance Technology's BankSimple has yet to launch, it is becoming an early adopter with the technology it uses to open accounts and vet new customers.

The online bank has (begrudgingly) started offering customers paper checks. Like credit cards, its checkbooks must be activated before using.