Bank technology

Jack Henry & Associates Inc. announced an online deposit account origination system called Opening Act Express.

The program is still in its early stages, so the eBay Inc. unit had few details to share, but the program would build upon PayPal's partnership with the terminal maker VeriFone Systems Inc.

Like a mother who hides her child's vitamins in the cereal, USAA Federal Savings Bank is disguising new technology through old-fashioned, face-to-face service.

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More than half of the nation's largest financial institutions offer mobile banking services, which continue to evolve from being an extension of online banking to a distinct payments channel.

After an issuer's short-term loan program was shut down, NetSpend, which offered the program, said there is still room for some form of lending product among its offerings.

Scammers prey on frustrated customers in ATM fraud scheme involving paper jams; once thought to be dying, ZeuS Trojan regains its support; ATM thief sentenced; and more.

Consumers have yet to widely adopt bill payment on smartphones — a trend some say is typical of new bill-pay systems.

MBNA Europe said Monday that it has redesigned its website. The Bank of America Corp. unit said the online banking site has been made easier to use, based on feedback from its online customers.

Wausau Financial Systems Inc. said Monday that it will improve its package of treasury applications with the purchase of a cash management and deductions management software program.

You can learn the risky, expensive way — by pursuing manifest destiny or the old and slow test-and-learn. Or you can test and learn faster, more economically and with much less risk.

"It was our market to lose and to whatever extent that we lost ... we did it to ourselves," says Marc Hedlund, the second and last CEO of the pioneering but now-defunct PFM site.

After years of efforts by banks to get their commercial clients to ditch paper checks, electronic payments have finally begun to wrest a significant share of the business-to-business market.

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Smaller merchants' varying awareness of Payment Card Industry data security standards suggests a need to tailor PCI-compliance efforts, even among the smallest of merchants, ControlScan Inc. said.

When Joseph L. Cowan came on as Online Resources' chief executive in June, he explained that his approach was to spend three to five months studying the banking and bill-payment vendor and developing a new strategy.

First Data Corp. said it expects the Federal Reserve Board's still-unwritten debit interchange rules to help its business.

Banking consolidation can be a curse for some technology vendors, but it has helped Jack Henry & Associates Inc. cushion declines in spending on some of its product lines.

Buzz around iPhone payments reignited this week with unconfirmed reports that Apple was vying with Google Inc. to buy Boku Inc., a San Francisco company that enables consumers to charge purchases to their mobile phone bill.

The ATM independent sales organization Cardtronics Inc. reported Tuesday that its net income of rose 172% to $17.4 million for the third quarter from the same period last year. Revenue rose 6.2% to $136.6 million.