Bank technology

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

IMGCAP(1)]

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.

New ATMs from NCR let customers feed a mix of cash and checks into the deposit slot.

Most dangerous financial malware strains common in infected PCs, Trusteer says.

A possible deal between bank technology vendors Fidelity National Information Services and Misys has fallen through after the companies failed to agree on price.

While Visa is adding new fees and reducing existing ones to entice merchant routing, MasterCard plans to make changes only on a deal-by-deal basis.

The payments technology vendor said its agreement to combine with S1 remains in effect as it reports a 16.4% increase in second-quarter revenue.

Fremont Bank's contactless chip cards are safer than magnetic stripe cards, but they require reluctant merchants to open their IT wallets for an upgrade. Sound familiar?