Bank technology

Google's decision to rely on First Data to link its new mobile wallet to consumers' payment accounts puts the merchant processor and acquirer in a role that is new and risky.

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Heartland Payment Systems Inc. is updating its offerings to what it views as a final frontier of micropayments: commercial laundry machines.

In the wake of the compromise of RSA Security's one-time-password tokens, it's the smaller banks that may feel the greatest impact, since they have more invested in a single security technology than their larger peers.

The peer-to-peer loan facilitator Prosper.com has raised more than $17 million of new venture capital.

Citizens Financial Group Inc. is taking a page from Hollywood in its test of in-branch videoconferencing. But the movie-star touch isn't the high-definition video screens — it's the pens used to sign important documents.

Mitek Systems Inc.'s patent portfolio is growing as the San Diego vendor seeks to protect its mobile check deposit technology.

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Banks intent on bringing mobile payments to a wide swath of customers will soon have to make difficult decisions about devices, partnerships, vendor management and employee training.

RSA replaces 40 million SecurID tokens due to breach; four charged in $1.5 million theft of JPM, Citi ATMs; B of A employee charged with stealing $10 million from customers.

Citigroup Inc. plans to use the promotional space it has purchased on online bill-viewing platform Manilla.com to build relationships with its customers rather than try to sell to them.

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The elimination of this icon, announced last week, is the second instance of the Mountain View, Calif., company distancing its alternative payments offering from its advertising service.

Bank of America Corp. and Wells Fargo & Co. are ending a joint venture they formed three years ago to develop a system to process automated clearing house payments.

Michaels Stores said it was in the process of upgrading its payment terminals when it was hit with a massive data breach, but some experts say the retailer should have moved faster.

To lure small-business credit card customers, JPMorgan Chase & Co. has created Jot, a mobile expense-tracking tool for users of its Ink-branded small-business credit card.

Google Inc. isn't asking for a share of the payments revenue generated with its new mobile wallet. Nevertheless, partnering with the search engine juggernaut could be a trade-off for banks.

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PNC Financial Services Group Inc. is opening 6,000 new Virtual Wallet accounts per week, the Pittsburgh banking company's chairman and chief executive James Rohr said Friday.

After Aug. 3, PayPal will no longer be a payment option for shoppers of AliExpress, a wholesale shopping site that is part of Chinese e-commerce giant Alibaba Group.