Bank technology

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.

Online Resources Corp.'s newest chief executive said the online banking and bill-pay vendor will become a more focused company under his leadership.

Philippine National Bank Corp. is expanding its treasury management services using software from Misys PLC.

Consumers Credit Union in Waukegan, Ill., has joined the list of financial services companies using Fiserv Inc.'s Acumen account processing software.

S1, of Norcross, Ga., said Wednesday that it is beginning to recognize its software licensing revenue under a "percentage of completion" method better suited to accounting for earnings from the more complex contracts it is pursuing.

USAA Federal Savings Bank is shifting mobile banking into high gear by offering auto loans through customers' phones.

Square Inc. is shooting for a mass rollout of its much-delayed mobile payment service by late summer.

ACH Federal LLC, an automated clearing house payments processor, will refer merchants that want credit and debit card transaction processing services to PDX Enterprise Solutions, a Portland, Ore., independent sales organization.

Cardtronics Inc. has struck a multiyear deal to manage automated teller machines at about 800 Kroger Inc. grocery stores.

State Farm Bank is the latest financial services company to offer a remote deposit capture service to its mobile customers.