Bank technology

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.

Suspect in "the holy grail of bank card hacking" extradited to the United States; Windows XP Service Pack 2 users may force security.

The electronic payments processor saw top-line growth of 25% and 16% at its merchant-related and check-services operations, respectively. Its card-services arm had a 5% decrease in revenue.

PayPal Inc. is planning to turn off its PayPal Plug-In service, which lets users fund purchases at merchants that do not typically accept PayPal.

Mall Networks, a manager of merchant-funded rewards programs, reported Monday that its fiscal 2010 revenue grew by more than 100%, and announced its renaming as Cartera Commerce Inc.

Citigroup Inc. on Monday unveiled commercial card features aimed at giving companies more control over meeting and event spending.

In an attempt to ensure quality service, improve monitoring, anticipate the need for adjustments and take full advantage of upgrades to image-enabled machines, the 650,000-member credit union has licensed an ATM management product from NCR Corp. that provides online operational information, performance measurements and inventory analysis.

Clarifying the rules before the infrastructure for new services is fully created should reduce the cost of complying, since the protections can be built into the new products instead of being added later.

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The mobile banking and payments company ClairMail Inc. said it had strong revenue growth in the second quarter. ClairMail, of San Rafael, Calif., said Thursday that its revenue for quarter surged 300% from a year earlier.

Bank of America Corp. said Friday that it has hired Bridget O'Connor as its chief technology officer for consumer and small-business banking and home loans and insurance.

PayPal Inc. has updated its mobile payment application for Android phones. Users with phones running Google Inc.'s Android platform can now use the advanced features PayPal introduced for users of Apple Inc.'s iPhone in March.