Bank technology

Banks that leverage the new technology and the Nacha and the FBI guidelines will be able to avoid the risk of the ever-evolving threat of next-generation malware.

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Bank of America Corp. is collaborating with Visa Inc. and DeviceFidelity Inc. on a program to begin in September in New York that will enable consumers' smartphones to operate as contactless payment devices, Visa confirmed.

Intuit Inc. says the payment services it sells as add-ons for QuickBooks customers are becoming the main attraction — and it says QuickBooks may eventually become the add-on.

Steven J. Bisbee never set out to be a lender to small businesses per se, but his recently launched website Cogster.com could be a lender's distant cousin.

Banco Nacional de Costa Rica ordered more than 13,000 Hypercom Corp. Optimum countertop and mobile payment terminals, which it plans to distribute to merchants throughout Costa Rica.

Online Resources Corp. said it has signed up more than 40 utilities for its bill payment services in the past six months.

Banks' budgets for technology spending are loosening, but the overall sales environment is a "mixed bag," Jack Henry & Associates Inc.'s top executive said Wednesday on an earnings conference call.

A new iPhone application that lets consumers rack up reward points by simply walking in to stores could give banks and card issuers the foundation for a truly mobile loyalty program.

Two tales of store card cloning; Dept. of Veteran Affairs discloses monthly data breach reports; Card fraud veteran in France faces extradition to the U.S.; and more.

Barclays Bank PLC of London said Monday that it is outsourcing automated teller machine services to NCR Corp. Barclays said it would outsource the management and maintenance of 550 ATMs to NCR.

Mitek Systems Inc., which reported that its loss widened in its fiscal third quarter, says its software is becoming popular for mobile remote deposit capture.

A point of sale breach disclosed last week at a Texas restaurant only affects that restaurant, the restaurant's payment processor, Heartland Payment Systems Inc., said.

The Brookfield, Wis., banking technology vendor said Sean Gallagher will oversee product management, strategy, sales and product development as president of the division.

Using a payments technology company's transaction gateway service, some merchants and product makers are creating promotions that can be tied to such details as an item's stock-keeping unit or serial number.

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A new set of updates to the Payment Card Industry Data Security Standard and the Payment Application Data Security Standard will clarify some of the obligations of merchants to protect cardholder data, but do not include any major revisions or changes.

With little room to add major new retail partners to sell its prepaid debit cards, Green Dot Corp. is focusing on new features, especially mobile, to increase same-store sales and reduce churn.

With little room to add major new retail partners to sell its prepaid debit cards, Green Dot Corp. is focusing on new features, especially mobile, to increase same-store sales and reduce churn.