Bank technology

ING Direct isn't apologizing for giving customers another hoop to jump through to use personal financial management sites, and PFM providers see no reason it should.

ING Direct isn't apologizing for giving customers another hoop to jump through to use personal financial management sites, and PFM providers see no reason it should.

The proverbial battle over mobile payments has turned into a legal one. EBay Inc. and its PayPal subsidiary are suing Google and two former PayPal employees, accusing them of stealing trade secrets for the search engine giant's new mobile wallet service.

Google Inc.'s new mobile payment system puts pressure on Isis, the wireless carrier-backed joint venture trying to develop a competing system.

Charles Schwab Corp. and Fidelity Investments have rolled out mobile check deposit services to their customers.

A security consulting company demonstrated that many banks' branch managers would hand over $25,000 to a scammer who presented little more than a counterfeit check drawn on a reputable bank, a photocopy of a fake driver's license and a bogus email from a senior bank executive authorizing the payment.

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Bill.com Inc. said Wednesday it is improving its mobile offering for small and midsized businesses. The new mobile offering adds accounts receivable and collaboration features and works with phones that run Apple Inc.'s iOS software, Google Inc.'s Android, Microsoft Corp.'s Windows Phone 7 and Research In Motion Ltd.'s BlackBerry OS.

Javelin Strategy and Research on Tuesday released a study on consumer appetite for the technology and found that around 25% of Americans want to use mobile devices to deposit checks.

Travelex Currency Services Inc., one of the few companies that offers U.S. residents cards that adhere to the EMV Integrated Circuit Card Specifications, has begun selling the cards online.

Google Inc. plans to unveil a mobile payment service Thursday that will be available on phones from Sprint Nextel Corp., three people familiar with the matter said.

Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. plan to debut a person-to-person payments service on Wednesday that lets customers send money to each other with an email address or mobile phone number, the Wall Street Journal reported Tuesday.

Scammers pitch card-skimming technology; another Sony website falls under a hacker's attack; two in Calif. caught using stolen credit card numbers to gamble at a casino.

Not content to compete just against terminal makers, the San Francisco company will challenge established players in the mobile payments field when it allows consumers to initiate transactions at the point of sale without a card.

Forty percent of all payment cards and 71% of terminals worldwide now support the EMV Integrated Circuit Card Specifications, EMVCo LLC, the organization managing the EMV specifications, said.

Many third-party personal financial management providers make money through indiscriminate product offers, but Payoff has a different approach — it plans to pitch products only from banks where consumers already have a relationship.

Feel-good moments in accounting are rare, but the federal and international boards recently reached a milestone.

With the functionality of smartphones and tablets increasing there comes a number of considerations for on-the-go bankers who need to access data through those platforms.

Square is expanding beyond mobile card acceptance with a new service that allows consumers to initiate payments through a mobile app.

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