Bank technology

American Banker examines the role systems and operations played in large financial companies' often-hamhanded handling of the economic crisis.

The Payment Card Industry Security Standards Council is seeking to broaden industry participation with its third set of advisory board members since the initial board was convened in 2007.

First National Bank of Elmer in New Jersey said Monday that it would use Open Solutions Inc.'s DNA core processing system.

The hardware and software company Vasco Data Security International Inc. announced Monday that it is increasing its efforts to find North American partners.

Hearst Corp. is adding its own touch to two online banking trends — eliminating paper and adding budgeting tools — with Manilla.com.

Consumers "like" rock bands and clothing brands on Facebook. A loyalty rewards startup expects that they will also "like" their banks in exchange for discounts on purchases.

Though tech investments help, supervisors are concerned not just about data systems but also about whether bank managers can analyze the information.

Systems that don't talk to each other are the original "legacy assets." Some banks are finally integrating them.

To many banks, the tablet is just another mobile device, but some are finding that the bigger screen gives the iPad and its peers bigger potential.

Starbucks Corp. customers loaded a record $700 million on to the Seattle coffee chain's prepaid card accounts during its most recent quarter, up 39% from a year earlier.

Regions Financial Corp. said Thursday that it is offering a set of fraud detection and identity protection services to its customers for $5 a month.

Verizon Wireless is working with two mobile payment companies to allow its customers to charge digital content purchases to phone bills.

Bank of America is upgrading the majority of its automated teller machines to help them fight viruses and more effectively do their own maintenance.

Visa Europe and Wireless Dynamics Inc. are teaming up to offer a mobile contactless payment service for iPhone users in the U.K., employing a system that closely resembles what Visa Inc. is testing in the U.S.

Consumers are spending again and that is helping Total System Services Inc. build up its payment card processing services after a year when it lost a handful of big clients.

Total System Services Inc.'s fourth-quarter net income declined 18% from a year earlier to $51.6 million, the merchant processor said Tuesday after market close.

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Acculynk Inc. is taking its online PIN debit payment system, PaySecure, and adapting it for smartphones. Starting later this quarter, participating merchants may integrate PaySecure into a mobile application's checkout process as a payment option.

Facebook engineers respond to enormous hack job into Tunisian accounts; cyber security case against Comerica could have wide implications for banks; and more.

ElectraCard Services Pvt Ltd, a payment processor based in India, is opening its first U.S. office, in Omaha, Neb.