Bank technology

After the mobile purchasing system in the iPhone game Smurfs' Village led Apple Inc. to set new spending restrictions for mobile apps, the game's developer has followed up with further restrictions for the game itself.

Payment terminal makers are planning a cloud-connected point of sale to allow the integration of social couponing and other new functions.

The lack of data standards prevents regulators from obtaining a global view of the underlying positions for valuation in order to detect systemic threats.

PNC's new Money Bar Desktop widget brands the bank as an angel on the shoulder of its customers, an ever-present advocate reminding consumers to spend responsibly.

Michaels Stores said Wednesday that the PIN pad-tampering attack it disclosed last week is far more widespread than it originally believed, affecting at least 90 payment terminals in stores in 20 states.

DeviceFidelity Inc. on Wednesday said it was issued a patent for using near-field communication technology to perform payment and other activities on mobile devices.

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Wincor Nixdorf AG said Wednesday that it has promoted Oliver Weber to chief executive for U.S. operations.

Total System Services Inc.'s TSYS Acquiring Solutions subsidiary has signed an agreement to provide services on its platform for Caledon Card Services.

Online Resources Corp. remains an appealing acquisition target despite posting a first-quarter loss and being ordered to pay its founder and former chief executive $5.3 million, analysts said.

Intuit Inc. plans to simplify its GoPayment mobile payment acceptance service by eliminating the need for its card reader attachment with certain phones.

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Gratio Capital is planning a mobile application that further lowers the barriers to its microinvestment platform GoalMine by allowing users to pledge cash through their smartphones.

Culprits behind Sony PSN Breach may be Anonymous; security problems for Skype's Mac Users; FBI scareware; and more.

The use of analytics for marketing purposes is already a well-established practice at many banks. Use similar methods when contacting customers with past-due accounts.

A new point of sale terminal being introduced by VeriFone could make it as easy for merchants to accept alternative payments as it is to take Visa or MasterCard.

JPMorgan Chase & Co. hired Drago Rajkovic from Barclays PLC to lead technology mergers and acquisitions. Rajkovic will remain based in San Francisco and will report to Chris Ventresca and Jim Woolery, JPMorgan Chase's co-heads of mergers and acquisitions, according to a memo.

When Noel Watts, the vice president of mortgage banking at Marshall & Ilsley Bank, set out to upgrade the lender's origination platform two years ago, he expected interest rates to rise and mortgage volume to plummet.

Socialwise Inc. is furthering promotion of its BillMyParents alternative payment system through a partnership with the skateboarding star Rob Dyrdek.

Fiserv Inc. said it is improving its wealth management offerings through a partnership with LifeYield LLC.