Bank technology

Public fallout from the data breaches that have recently affected Citigroup Inc. and other large companies has reached the political push back stage.

Judge says metals shop off the hook for fraudulent transfers; developer of games featuring Sonic the Hedgehog hacked; ethical hacking to determine weaknesses; and more.

Joining the growing raft of processors offering advanced data-encryption services to help protect card data at the point of sale, Elavon Inc. has introduced a portfolio of products and services it calls Safe-T Suite.

Bank of Montreal is becoming the first major financial institution to place free real-time alerts to allow consumers to keep tabs on daily expenditures across a number of channels.

Naratte Inc. on Monday said it is developing software that can transfer information between devices using communication frequencies used by frogs, dolphins and other animals.

American Express Co.'s latest play at the less affluent, its nearly fee-free prepaid card, looks less complementary to its digital wallet, Serve, and more cannibalistic.

Fiserv's upgrades to key processing software could remove another roadblock in the way of the many banks that want to speed up their ACH payments.

The companies behind the planned U.K. telecom joint venture for mobile payments have worked together before with little resulting success.

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MasterCard Inc. has begun distributing wristbands with contactless payment chips at festivals and other events. The wristbands, besides functioning as payment devices, also manage entrance to the events.

Though businesses do not have the same legal protections that consumers have in limiting their liability for fraudulent transactions, a judge has decided that a Michigan metals shop should not be on the hook for half a million dollars in fraudulent transfers.

Though businesses do not have the same legal protections that consumers have in limiting their liability for fraudulent transactions, a judge has decided that a Michigan metals shop should not be on the hook for half a million dollars in fraudulent transfers.

More banks want to outsource IT functions to the cloud, a term used to describe the use of networked remote servers. And smaller banks are moving faster than larger ones.

More banks want to outsource IT functions to the cloud, a term used to describe the use of networked remote servers. And smaller banks are moving faster than larger ones.

Rainmaker Systems Inc., a provider of business e-commerce technology, said Chuck Geiger, a former PayPal Inc. chief technology officer, has joined its board.

Rainmaker Systems Inc., a provider of business e-commerce technology, said Chuck Geiger, a former PayPal Inc. chief technology officer, has joined its board.

Modernizing a bank's core requires more than bids from vendors. Project leaders need a clear roadmap and executive buy-in.

Telefonica UK, Vodafone UK, T-Mobile and Orange parent Everything Everywhere are forming a mobile payments venture that also supports mobile coupons.

Fiserv, of Brookfield, Wis., is working with i365 Inc. of Santa Clara., Calif., to offer the service, called Data Vaulting from Fiserv.

Citigroup Inc. clarified the timeline and updated the number of accounts breached in a recent hacker attack that put an estimated 1% of its North American Citi-branded credit card base at risk.