Bank technology

Banks are taking greater control of the personal financial management market as the third-party vendors that defined the space increasingly find they must work with banks to survive.

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Credit-card holders in India became subject as of Jan. 1 to entering a passcode whenever they make a transaction by phone, under a new regulation.

The Federal Bureau of Investigation has raided a Dallas server farm that housed computers used to launch Internet attacks against PayPal Inc., according to an affidavit posted by TheSmokingGun.com/

Vendors are gearing up to release new features to their person-to-person payments systems to make it possible for consumers to electronically pay small merchants.

The Federal Bureau of Investigation has raided a Dallas server farm that housed computers used to launch Internet attacks against PayPal Inc., according to an affidavit posted by TheSmokingGun.com.

Intuit Inc.'s personal financial management service Mint is developing a financial literacy curriculum with the children's book publisher Scholastic Corp. of New York.

Harland Financial Solutions Inc. said Wednesday that it would provide branch automation services to PeoplesBank of York, Pa. The retail banking company, which is a subsidiary of Codorus Valley Bancorp Inc., recently chose to expand its relationship with Harland.

When Apple declared its iPad tablet a new category of computing, a few banks looked at the device and wondered whether it was also a new channel for self-service banking.

For all the hullabaloo that mobile remote deposit capture generated this year, the availability of the service has been limited. But that is expected to change in 2011.

As the customer's needs grow, a bank should simply activate options to essentially deliver a "new," yet familiar, product without forcing the customer to make a wholesale platform change.

As major banks updated their ATMs with advanced features, manufacturers predict a strong influx of business from smaller financial institutions playing catch-up.

Four financial services companies are providing the software company Attachmate Corp. a $1.09 billion debt package to fund its acquisition of Novell, according to a filing with the Securities and Exchange Commission.

Over the course of the past year, the major card brands have been working to open their networks to third-party software and smartphone app developers in a bid to tap an emerging market.

A Utah pilot who defrauded thousands of people of millions of dollars had his company shut down; a Hawaiian bank upgraded its ATMs after a $6,100 theft from cards left behind; and more.

What's troubling for small businesses (and big ones) is that ID theft is often perpetrated as an inside job by employees, who frequently have unfettered access to sensitive company data.

The social media landscape is still a jungle for many financial institutions, but a few have cut a clear path for themselves.

As open-platform payment providers move into new markets, they should monitor their susceptibility to risks including potential market changes, a report from Aite Group advised.

Specialized commercial real estate loan management systems can and will provide the solutions required for institutions to more effectively manage their existing portfolios.

After making its Angry Birds the dominant game on two mobile platforms, the developer Rovio Mobile is taking flight in a new line: payments.