Bank technology

And at a popular site like ING Direct, fraudsters are always trying to find holes; To stop them, the U.S. online banking unit of ING Group is trying to learn from those failures to better prepare for the next onslaught.

An online incentive company says it is hoping Facebook Inc.'s virtual currency system can become a more effective and less expensive way for Internet retailers to boost customer loyalty.

Bank of America Corp. is to supply purchasing cards and electronic payments services to the Irving, Texas, health-care network VHA Inc.

Datacard Group has announced the purchase of the instant-issuance software provider Dynamic Card Solutions LLC.

The prepaid customer base for Cardlytics Inc.'s merchant-funded rewards system is growing.

IMGCAP(1)]

Banks are trying to improve customer service by training branch staff and by removing infrastructure roadblocks that can get in the way of employees trying to do their jobs.

Banks are trying to improve customer service by training branch staff and by removing infrastructure roadblocks that can get in the way of employees trying to do their jobs.

UAE Exchange Inc. will offer MasterCard Inc.'s MoneySend service in the United Arab Emirates for outbound remittances to the Philippines.

Jack Henry & Associates Inc.'s ProfitStars division has begun offering Mitek Systems Inc.'s mobile remote-deposit capture software, pairing it with its own Alogent Mobile Remote Deposit system.

By proposing to combine two of the world's three largest makers of payment terminals, VeriFone Systems Inc.'s hostile bid for Hypercom Inc. appears to raise antitrust issues.

While technical and marketing challenges have been met, industry leaders believe immediacy and mobility are the current issues that may constrain online banking's growth.

VeriFone Systems Inc. announced Wednesday an unsolicited bid to buy rival Hypercom Corp. at $5.25 per share.

The London payments technology vendor Masabi Ltd. said Wednesday it has raised $2 million in capital to help market its mobile phone transit fare system.

MasterCard Inc. has developed a prepaid card that can be loaded with multiple currencies, each stored in a separate account.

Legit antivirus provider behaving like its malicious counterparts; biometrics to the rescue against ATM fraud; Wal-Mart employee a pawn in card scam; and more.

Moneta Corp. is changing its name to Rialto Commerce and refocusing its strategy. Instead of working directly with banks, it plans to work with service providers that can persuade their bank clients to adopt its online-payment service.

IMGCAP(1)]

The ongoing difficulties Canadian merchants have encountered in their conversion to the EMV Integrated Circuit Card Specifications has prompted a new, six-month extension from the card brands.

The company has refined a tool that can initiate transfers with texts, one of several efforts Obopay is making to shed the inefficiencies of its original consumer-facing mobile payments system and create a faster, simpler system that banks can offer to both consumers and small businesses.