Bank technology

Wells Fargo & Co. has named Avid Modjtabai the head of its restructured consumer lending organization.

Citing improving economic conditions, TSYS reported a 3.9% increase in second-quarter revenue. Its net income rose 4%.

Although they could in time reap benefits from the many back technology vendor mergers planned, banks may wait to make major IT spending decisions while the deals sort themselves out.

Fiserv's revenue rose 4.2% as it sold more of its bill payment and account processing software to banks.

The latest shield banks are deploying to fend off online banking fraud is website blocking.

Few of the security features designed to prove a credit card's validity in the physical world work well online. Jumio, a startup, aims to change that.

The payments technology vendor ACI Worldwide Inc. said Tuesday it submitted a bid to buy rival S1 Corp. for $540 million, aiming to thwart a separate deal S1 announced last month to merge with Fundtech Ltd.

Rumors that ISIS's card network partnerships put Google out of the mobile payments race are grossly exaggerated, Google representatives say.

BNY Mellon today announced the launch of Workbench Mobile, a new app that lets the firm's institutional clients authorize instructions and access reports and account information from their iPad.

TD Ameritrade Holding Corp.'s directors plan to discuss at a meeting Tuesday the possibility of trying to acquire rival online-brokerage firm E*Trade Financial Corp., according to people familiar with the situation.

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The FinTech Innovation Lab is trying to separate the wheat from the chaff by grooming startups for potential future investments.

Two-year-old, Silicon Prairie (Des Moines, Iowa)-based mobile payment startup Dwolla has gone from zero to $1 million per day in transactions.

Credit card issuers wanting to improve profitability in the wake of the recession could get better results by looking more closely at their own fraud cases to determine what type of fraud criminals are perpetrating, new research from Experian PLC suggests.

Canadian bank uses software to scrutinize call center conversations and find the reasons customers are leaving.

Buoyed by the fast uptake of smartphones and tablets in South Africa, First National Bank Ltd. says it has become the first financial institution in that country to offer a mobile banking application to its customers.

Analysts question effectiveness of the card, but note it could be just a first step into more credit offerings.

eBay's boss doused some cold water on NFC mobile payments, saying large merchants will resist.

Chief information officers, facing increasing demands to improve efficiency, are getting more deeply involved in discussions that go beyond back-office technology.

PNC is encouraging card customers to link to Virtual Wallet to access more security alerts.