Bank technology

The announcement resolves the question of what would happen to those operations when VeriFone Systems completes its purchase of the remainder of Hypercom.

Another major security breach, this time at the email marketing company Epsilon, has underscored the threat banks face when they outsource services that are not normally considered sensitive.

During times of transformational change the governance structure and process tends to get complicated. In my experience, these programs require full dedication and adoption of four features.

Though still in the nascent stages of adoption, some new online payment services aimed at driving transaction volume over the ACH network are starting to have an effect.

Online Resources Corp. is working with Western Union Co. to offer an expedited payment service to online banking users, the companies are expected to announce Monday.

Alliance Data Systems' Epsilon, a marketing services company, reported a data breach Friday that affected multiple banks.

Vivotech Inc.'s attempt to acquire a piece of Hypercom Corp. could be a move to resist the effects of consolidation among larger terminal makers.

Both Internet companies have developed alternative payment networks that observers say could undermine the scale of dominant payments providers like MasterCard and Visa.

Facebook and Google have developed alternative payment networks that observers say could undermine the scale of dominant payments providers like MasterCard and Visa.

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MoneyGram International said it has hired former DolEx Dollar Express Inc. head George Zelinski as its vice president for Central America, South America and the Caribbean regions.

Loomis Fargo & Co. announced plans to acquire the cash-handling business of Pendum LLC to add to its automated teller machine servicing operations.

Bank of America Corp. announced Thursday the hiring of Patrick Gorman as chief information security officer.

Google is joining the NFC Forum, a non-profit association that sets technical specifications for how businesses use NFC technology for payments applications and other services.

Jack Henry & Associates Inc. is giving the end users of its online banking software extensive control over how their banks' services appear online.

Nomination forms are now available for the 9th Annual ranking of The 25 Most Powerful Women in Banking, the 25 Women to Watch, The 25 Most Powerful Women in Finance and the Top Banking Teams.

Vivotech said it has approached VeriFone about acquiring the U.S. assets of Hypercom once VeriFone's deal for Hypercom is complete.

Google Inc. is joining the NFC Forum, a non-profit association that sets technical specifications for how businesses use near field communication technology for payments applications and other services.