Bank technology

BBVA Compass' ambitious core overhaul should pressure competitors to update systems, but continuing financial issues and higher compliance costs may hold many of them back.

Microsoft Corp. is working on a version of its Windows Phone software that will let users make contactless payments using their phones, two people familiar with the plans said.

Jack Henry & Associates Inc. on Wednesday launched a product called My NetTeller, which allows consumers to customize their online banking view.

American Airlines Federal Credit Union announced on Wednesday a remote deposit capture service.

As many banks break the unpleasant news to consumers about the disappearance of checking account perks, PNC Financial Services Group Inc. has developed a way to make customers feel empowered about the changes.

Spanish bank Banco Bilbao Vizcaya Argentaria on Wednesday announced a major overhaul to the technology backbone powering its BBVA Compass U.S. subsidiary.

Vivotech Inc., a maker of in-store payment systems, is planning an initial public offering for as early as 2012, according to its chief executive, Mick Mullagh.

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MasterCard Inc.'s five-year road map for electronic payments in Australia requires issuers and card accepting merchants there to adopt its PayPass contactless payment service beginning next year.

Bank of America customers in Detroit hit by merchant breach; California citizens fight back against pay-at-the-pump skimming; what happens when a shotgun meets an ATM.

CoBiz Financial Inc. plans to deploy a remittance-processing software program from vendor Wausau Financial Systems, Wausau is expected to announce Tuesday.

Twitter co-founder Jack Dorsey is heading back to the company as product chief, two years after stepping down as its CEO. He'll continue as CEO of mobile e-payments firm Square.

Central Bank of Nigeria is considering introducing biometric cards to combat automated teller machine fraud.

BMO Financial Group and nuTravel Technology Solutions announced an agreement to pair BMO's travel and entertainment card payment offerings with nuTravel's online booking and expense management tools.

Uproar over an iPhone game by Capcom Interactive may have an important security lesson for banks and credit card networks getting into mobile payments.

American Express, going against its image as a brand for the elite, is launching a digital wallet that would make it the payment choice for the masses — in person, online and in mobile.

LexisNexis has launched Retail Fraud Manager, a platform designed to help online merchants detect and combat card-not-present fraud by automating and analyzing the transaction-review process, the company said on Wednesday.

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Monitise PLC of the U.K. said Friday it is testing a service targeted at unbanked consumers in Nigeria that lets consumers transfer money with their cell phones.

Web-based merchant clients of Litle & Co., a Lowell, Mass., e-commerce payment provider, may begin to protect themselves against card-not-present fraud through CyberSource Corp.'s Decision Manager online fraud prevention service.