Bank technology

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.

PNC plans to overhaul technology and inject more fee-generating products once it completes its acquisition, RBC Bank exec Reggie Davis says in an interview.

The bank hopes to preserve IT jobs and reap long-term cost savings through a targeted deal signed recently with IBM.

Capital One's planning to add an Android app to its iPhone and mobile offerings as part of an expanding digital strategy that also includes mobile payments.

Computer Services Inc.'s multi-million dollar cash deal for Heit, a managed services provider, will expand the core banking vendor's geographic reach and allow it to cross-sell to a wider group of community banks.

Instead of dipping its toe into the mobile-payments pool, Heartland Payment Systems Inc. intends to make a splash with an application and a card reader that attaches to a smart phone like Square's or VeriFone's payWare Mobile readers.

Even though banks are being required by new rules to put stronger security in place for online banking, two thirds of bankers think they will never be able to get cyber crime under control, according to a Fundtech survey.