Bank technology

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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VeriFone Systems Inc. of San Jose, Calif., is working with Micros Systems Inc. of Columbia, Md., to provide the "first practical NFC communication service" for restaurants, said Michael L. Russo, Micros' chief technology officer.

PayPal Inc. is now connected to Microsoft Corp.'s Xbox 360 game consoles — a move that could spur similar growth in digital game sales as PayPal did for eBay's marketplace a decade ago.

PayPal Inc. is now connected to Microsoft Corp.'s Xbox 360 game consoles — a move that could spur similar growth in digital game sales as PayPal did for eBay's marketplace a decade ago.

VeriFone Systems Inc. said it is supplying a Turkish gasoline retailer with unattended pay-at-the-pump terminals.

The amount of online payment fraud in the airline booking industry is dropping, a study showed.

Banks in some countries are introducing alternatives to the iconic magnetic stripe ATM card, encouraging mobile phones and other technology for cash access.

Sony Corp.'s PlayStation Network has been compromised again, according to some reports.

PayPal Inc. has added the ability for users of Android smartphones to fund their accounts by taking a picture of a paper check.

As he tried to dispel the idea that end-to-end loan origination systems don't exist, Ted Hicks, the product management group director at Calyx Software, said there are two basic types of full-service LOS technology, each with pros and cons.

ControlScan Inc., a provider of Payment Card Industry Data Security Standard compliance services, is offering new services it said would streamline the compliance process for small and midsize merchants.

Mechanics Bank of Richmond, Calif., has chosen an anti-fraud product from VSoft Corp., the vendor announced Wednesday.

Bank of America Corp. has hired Morgan Stanley's chief information officer of enterprise infrastructure, David Reilly, away to be chief technology officer of B of A's Global Wealth and Investment Management team.