Bank technology

New core processing systems are helping a growing number of banks achieve a longtime goal: a comprehensive view of their customers.

Card issuers within the past two years dramatically reduced consumers' borrowing capacity to cut the risk of losses during the recession, but new data suggests the bulk of the credit line decreases came from closing inactive card accounts, not slashing active borrowers' credit lines.

Viewpointe LLC of New York said UMB Financial Corp.'s UMB Bank has signed on for its check image exchange services.

The bank technology vendor S1 Corp. has agreed to refer clients to SurePayroll Inc. to provide online payroll services to small-business clients.

PayPal Inc. has hired an American Express Co. veteran, Leonard Shen, as its chief compliance officer.

JPMorgan Chase & Co. may soon, for the first time, let employees use iPhones for corporate e-mail, as an alternative to Research in Motion Ltd.'s BlackBerry, two people familiar with the situation said.

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Pegasystems Inc. is offering a software program designed to help mortgage servicers adapt faster to regulatory changes.

The analytics provider CoreLogic Inc. has two new products it says will help online lenders more accurately assess the risk associated with nontraditional credit applicants.

Contrary to the marketing message behind P-to-P, the service is most popular for paying bills, not for, say, splitting dinner checks.

The electronic-billing technology company Transactis Inc. has acquired OfferIQ, a mobile coupon service provider for banks and merchants, the companies said Thursday.

Jack Henry & Associates Inc. said Thursday that it is launching a person-to-person payment system based on technology from iPay Technologies, a company it bought in June.

For New American, of Virginia Beach, using Facebook and Twitter in much the same way that consumers use the popular social media websites is the doorway to relationship building, branding and image marketing.

While some card processors have taken steps to address payment card fraud, industry alerts and payment card industry compliance audits alone do not provide sufficient protection.

VeriFone Systems Inc. said Wednesday that it acquired Semtek Innovative Solutions Corp. Semtek, of San Diego, develops the technology that VeriFone uses in its VeriShield Protect system, which encodes sensitive cardholder data during transactions.

MasterCard Inc. on Wednesday released a dedicated application for BlackBerry owners who want to use MoneySend, the card company's mobile person-to-person payment system.

The mobile payment tech company Vivotech Inc. said Wednesday that it is working with DeviceFidelity Inc. to provide contactless payment capabilities for smartphones that can accept microSD memory cards.

Oliver is leading a series of meetings organized by the Boston and Atlanta Federal Reserve banks that include about 30 companies and industry groups to discuss the future of payments in the U.S., which is far behind Europe and Japan's adoption of the chip-and-PIN technologies included in EMV standards.

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Apriva, a Scottsdale, Ariz.-based wireless-payments company, on Sept. 8 announced the release of its AprivaPay wireless point-of-sale application for Apple Inc.'s iPhone.