Bank technology

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.

Citigroup Inc. is testing a Web site intended to help the children of wealthy people manage their allowances and to alert parents and bankers when the children blow through their cash too quickly.

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Israel Postal Company Ltd. plans to offer Visa debit cards in the first quarter of 2011, adding to its existing financial services operations.

A security vendor is trying to sell transaction monitoring services directly to consumers, a technology that until now has been offered primarily to banks.

Banks should always keep consumers' needs, mind-sets and emerging use patterns in mind. Doing so will let banks evaluate the potential return on investment for banking services designed for the iPad and other tablets, while delivering services people will actually use and when they are ready to use them.

A unique merchant-funded cardholder rewards program just got a powerful new marketing channel — and, thanks to regulatory reform, a stronger pitch to make to banks.

The Pennsylvania State Employees Credit Union in Harrisburg has deployed mortgage software from S1 Corp., a Norcross, Ga., developer of financial technology.

KeyBank is offering customers text-based banking services through Fiserv Inc.'s Mobile Money program, the Brookfield, Wis., bank technology vendor said Wednesday.

Consumers are accustomed to buying various levels of insurance to protect themselves. The time may have arrived to offer them security-level choices pertaining to the wired world we now live in.