Bank technology

The branch will be mainly a marketing and new account indoctrination center. Smartphones will eliminate most face-to-face transactions, as well as paper checks, currency and cards – not to mention the costs associated with those media.

Visa has introduced a series of incentives to spur the U.S. to adopt chip cards – a change once considered as likely as the country switching to the metric system.

University Federal Credit Union plans to open several branches that take design cues from airports, including new tablet-like ATMs that look like the check-in kiosks at airline terminals.

A new system called DTS covers the entire lifecycle of deposits, and is a new lure for treasury management clients.

One man has shared his Starbucks prepaid card with the world, allowing anyone to spend and reload it using a feature of the card that was once called a security flaw.

Visa Inc. plans to accelerate the U.S. migration to EMV contact and contactless chip technology, the card brand announced Aug. 9.

Banks' mobile banking apps too often store users' passwords and other sensitive data on their devices. Yet banks fared better than other industries in the viaForensics audit released today.

Olof Schybergson, founder and CEO of design firm Fjord, which has created iPad apps for Citi, BBVA and other banks, shares some common mistakes made and best practices for bank app designers and developers who may be new to the iPad format.

Banks are beginning to customize overdraft limits based on individual customer's ability to pay.

PE firm Gores Group unveils its payments reader strategy for Hypercom's U.S. payments terminal business

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Banks face a big challenge in performing the high degree of analysis required under new security rules for payments initiated online. National Penn Bancshares claims to have had significant success fighting fraud using technology and human interaction.

The bill-payment software vendor is dealing with declines in part of its banking segment. But it is seeing a resurgence in ecommerce activity and walk-up bill payments.

While new internet address endings like .bank could provide more security, banks with long, convoluted names will have trouble taking advantage of the new domain-name scheme.

Square's mobile card reader is under fire again for its security. But this most recent attack may not be particularly troubling, since it has few opportunities for misuse.

VeriFone finished its purchase of the rival terminal maker Hypercom after it reached a settlement with the Justice Department to sell Hypercom's U.S. terminal business to the private-equity firm Gores Group.

Online Resources' second-quarter revenue grew 5.4% year-over-year, to $38.3 million, from higher sales of e-commerce services.

Citizens Financial Group Inc. is offering a new credit card that will allow its small-business customers to set spending controls on cards issued to their employees.

Bank of New Zealand is the first in its nation to launch a mature Android app.

Community bank letting a vendor keep its systems up to date on regulatory requirements.