Bank technology

BankAtlantic Bancorp Inc. announced a system for mobile banking access through text messages. The text message service, announced Monday, is provided by Intuit Inc.'s financial services business.

The electronic bill management provider Bill.com Inc. announced Monday that it would integrate its system with Sage Group PLC's Peachtree accounting software.

The software vendor Open Solutions Inc. on Monday officially announced the availability of a service that allows its financial institution clients, resellers and other partners to develop their own applications to augment the company's core processing system.

A Virginia circuit court has awarded $5.3 million in damages to Online Resources Corp.'s former chief executive and chairman in an employment lawsuit he filed against the banking technology vendor.

A host of new mobile payment applications promise many of the perks of near-field communication technology, without the costly hardware.

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NCR Corp. swung to a first-quarter profit of $13 million, compared with a loss of $19 million a year earlier. The Duluth, Ga., ATM and kiosk maker's revenue rose 6%, to $1.1 billion.

WASHINGTON — With some major banks now considering chip-card technology, fraud is expected to gravitate to less-secure cards.

A circuit court awarded $5.3 million in damages to the former CEO of banking technology vendor Online Resources in an employment lawsuit he filed against the company.

A circuit court awarded $5.3 million in damages to the former CEO of banking technology vendor Online Resources in an employment lawsuit he filed against the company.

Electronic payments giant PayPal Inc. has acquired mobile-payments startup Fig Card Corp., PayPal said in a blog post Thursday.

Sony Corp. has provided further details on the data breach that affected up to 77 million users of its PlayStation Network.

Now that the vendor has plowed resources into developing a person-to-person payments service and acquiring smaller mobile banking and prepaid technology providers, analysts are challenging the vendor to make these investments pay off.

Banks and several large technology companies, including Apple Inc. and Microsoft Corp., argue that because the Fed's proposed 12-cent interchange fee cap does not properly take into account the costs of fraud and fraud prevention, banks will inevitably have less money to protect data security, making the entire system less safe.

The personal financial management provider Geezeo Inc. said that it had entered an agreement to provide services to McCoy Myers & Associates Inc. of Amarillo, Texas, a division of Computer Services Inc.

Endeca Technologies Inc. said its Endeca Mobile Commerce system is being used by Sallie Mae's Upromise for mobile rewards.

Banks have shied away from touting the substantial security benefits of NFC for mobile, possibly to refrain from highlighting how insecure magnetic stripe cards have become.

Lenders must leverage technology, integrating compliance issues into systems such that compliance is a natural part of the workflow from loan origination to secondary marketing.

Fiserv Inc.'s shares dipped slightly in after-hours trading Wednesday after the banking technology vendor reported earnings that missed analysts' estimates.

Even the most useful banking apps won't get as much play as Angry Birds. But bankers can learn from popular games and use similar technology as part of their customer interactions.