Bank technology

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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.

Financial institutions that are taking a wait-and-see approach to mobile payments risk falling behind early investors as the market begins to take shape, according to research published by Fiserv Inc.

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Last week’s breach at Epsilon may have been planned for months; the BBB warns of attempts by alleged debt collectors seeking to obtain personal data for identify fraud; and more.

CoreLogic's FinalCheck suite of quality control software is now accessible from the Ellie Mae loan origination system.

FreedomPay Inc. announced Friday that it is opening up its payment and transaction gateway to third-party developers.

PNC Financial Services Group Inc. updated its Virtual Wallet app for the iPhone Monday to include mobile check capture.

More than 10% of U.S. consumers had set up mobile banking services in 2009 but a smaller proportion actually used the services, according to the Federal Reserve Bank of Boston.

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First Data Corp. is launching an improved fraud detection system that shares information anonymously about the online purchases of retailers' customers.

Banks are focusing on customers, not criminals, as they seek to improve security outside of traditional branch banking.