Bank technology

The Defiance, Ohio, bank holding company said Monday in a filing with the Securities and Exchange Commission that it is not in compliance with listing requirements for the Nasdaq Stock Market LLC because it is late filing its most recent quarterly report.

A San Francisco startup is offering a mobile phone payment system based on bar codes, on the assumption that wireless carriers and merchants will continue to resist near-field communication technology.

VeriFone Systems Inc. said it has bought a small Boston payments technology company in an effort to attract more merchant users to its mobile payment system.

Information and peer analysis won't eliminate business worries, but financial firms cultivating small business customers believe online access to actionable performance and spending data will ease the minds of recession-weary clients.

Getting skeptical small business customers on board with remote and mobile deposit capture is a worthy goal, but it may require overcoming about a billion hurdles. These are the customers that write 70 percent of the paper checks still in the system, but also the ones most worried about the $1 billion in check fraud losses the American Bankers Association found in 2008. "A lot of our [bank] customers are very skeptical of RDC," says Aaron Calipari, director, product management at FIS. They're not the only ones. The Federal Financial Institutions Examination Council issued guidance last year warning banks that check alteration, forging and counterfeiting risks could increase with the implementation of remote deposit capture technology, and warned that bank regulators would be looking closely at how banks addressed these risks.

The fact that Quantum National Bank was able to use a product called Gladiator RTA to locate and avert losses due to outbound connections made by internal malware didn't make the specter of potentially severe losses any less frightening.

Target Corp. is offering consumers prepaid Target gift cards in exchange for used electronics, as part of a campaign to encourage recycling.

An inventor claiming to hold a patent on nonfinancial functions delivered through automated teller machines is stepping up his legal dispute with Cardtronics Inc.

Fifth Third Processing Solutions LLC announced a service that can help the processor's smaller merchant clients validate their compliance with the Payment Card Industry data security standard.

Zions says the deal to sell its remote capture unit is a strategic move to leave an increasingly competitive business.

"Professional" websites don't instill trust in online consumers, study shows; money mules strike Catholic Church; personal info exposed on Delaware state retirees; and more.

BankServ, which provides remote deposit capture technology to banks, announced Tuesday an agreement to buy most of the assets of competitor NetDeposit LLC from Zions Bancorporation.

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MasterCard Inc. announced a deal with a Brussels online payment company that would give customers of MasterCard issuers greater access to U.S. and U.K. online merchants.

The Chicago Transit Authority may be getting closer to implementing an open-network fare-collection system that would accept contactless card and mobile payments.

PNC Financial Services Group Inc. is betting that its Virtual Wallet account, which has always focused on teaching consumers to be better savers, can also teach them to be better spenders.

Re: "r u Ready 4 New Ways 2 Engage?" [Aug. 27] As both a member of Generation Y and an active communications professional, I find the viewpoints in this article condescending and an inaccurate snapshot of effective marketing.

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Gemalto NV's secure-transactions unit, which includes bank cards, generated $253 million in revenue during the first half of this year, up 1.4% from the year earlier, the French smart card vendor said Aug. 26.