Bank technology

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.

USAA Federal Savings Bank plans to unveil an overhauled website this month that can provide the kinds of conversations online that typically only happen face-to-face in branches.

Bankers and credit card networks say mobile payment systems will be more secure than plastic cards, but a consumer advocacy group says these systems lack vital safeguards.

Visa and MasterCard have developed services for merchants to determine which cards cost more to accept — rekindling the debate over whether small banks will suffer under the Durbin amendment.

Sen. Robert Menendez, D-N.J., sent a letter Wednesday to Acting Comptroller John Walsh asking the Office of the Comptroller of the Currency to disclose what steps it has taken to work with Citigroup to remedy the situation, whether it was aware of the breach when it first occurred, whether it believes privacy laws were violated, and whether penalties may be appropriate.

First Data Corp. is working with the mobile news network operator LSN Mobile Inc. to provide a mobile advertising and coupon system for merchants.

Fundtech Ltd. confirmed it is in preliminary talks with suitors that have expressed interest in a merger or acquisition, although it said no agreement has been reached.

The Seattle company said it plans to release its first official app on Google Inc.'s Android Market on Wednesday, nearly two years after rolling out a test of its mobile payments service initially available to only Apple Inc.'s iPhone users.

IMGCAP(1)]

The gift and loyalty services company SparkBase LLC is using $3 million in new funding to hasten the development and deployment of its technology platform and mobile services.

The IMF and the U.S. Senate join the list of large organizations hit by hackers; how hackers managed to get Citigroup customers’ account information; and more.

IMGCAP(1)]

Tyfone Inc. has received a patent for programming add-on smart cards in a mobile phone to function as a payment account.

Barclays PLC has retooled a television ad for contactless payments to feature use of a mobile phone to make payments in a move that could help to raise awareness of the technology.

National Australia Bank said its new social media "break up" campaign has led to an increase of one point in mortgage share in just a couple of months with minimal cost.