Bank technology

Acculynk Inc. is changing the pitch around its e-commerce debit payment system as it anticipates the effects of interchange regulation.

Nimble third-party developers provide consumers services that mainstream banks have ignored, but being in the software vanguard also has its pitfalls. Ask Jeff Peiffer.

The hacker behind many of the data breaches in recent years claims he had the Fed's permission; pharmaceutical company says it too was affected by the breach at Epsilon; and more.

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Perimeter E-Security said Monday that CUNA Strategic Services Inc., a joint venture of the Credit Union National Association and the state leagues, has renewed its relationship with Perimeter for security and messaging services.

The security technology provider PhoneFactor Inc. announced Monday that its multifactor authentication service would be used by Proton Bank SA of Greece.

Financial Management Solutions Inc. has announced a version of its Lobby Tracking System for bank branches that runs on Apple Inc.'s iPad.

The Glastonbury, Conn., company said Monday that it is offering banks a suite of "on-demand services" for moving not only their core processing systems but individual programs used for loan origination, marketing, online banking and other functions, to its Global Operations Center.

The availability of NFC smartphones — an ingredient many say is necessary for mobile payments systems to take off — may be a less onerous problem by 2014, a report from Juniper Research said.

Called the National Strategy for Trusted Identities in Cyberspace, the policy, drafted last June, would create an "Identity Ecosystem" to enable consumers to obtain a single identity credential, described as a piece of software that could be stored on a smartphone, smart card or in a token.

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Ellie Mae priced its initial public offering at $6 per share late Thursday, raising $45 million for the Pleasanton, Calif., mortgage technology vendor.

While applications that let consumers deposit checks via mobile phone are all the rage, some banks are finally getting around to upgrading remote deposit technology for its original audience: businesses.

While applications that let consumers deposit checks via mobile phone are all the rage, some banks are finally getting around to upgrading remote deposit technology for its original audience.

The ATM Industry Association has published a best-practices guide for decommissioning automated teller machines at the end of their seven- to 10-year life span.

Zoot Enterprises Inc. said it is working with ID Analytics Inc. to improve risk analysis for opening demand deposit accounts.

The device, designed for hands-free games, can detect a user's body position and motions, allowing someone to control a computer or game console without a physical keyboard or controller. Since its launch late last year, the $150 device has been widely modified for use outside of gaming, including, now, in bank branches.

Now that two of the largest U.S. banks have thrown their weight behind chip cards, there could soon be a competitive impetus for others to put the cards in Americans' hands.

JPMorgan Chase said it will issue EMV credit cards to U.S. customers in June, making it the second bank to bet that this technology, common in Europe, will finally take hold here.

Perhaps the most critical thing bankers have learned from the breach at Epsilon, the email marketing unit of Alliance Data Systems Corp. of Plano, Texas, is that there is no such thing as "low-value" information anymore. All stolen information is worth its virtual weight in gold.