Bank technology

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.

Improved economic conditions helped Heartland Payment Systems Inc. turn a profit in the second quarter after reporting a loss a year earlier, but price competition for merchant processing will remain a challenge.

Wausau Financial Systems Inc. plans to announce Monday that it has hired the payments industry veteran Gary Cawthorne as its president.

Whether or not EMV takes off in the U.S., the country is ready for it — and the underlying technology will be able to evolve with smart card innovations beyond EMV.

Mindbody Inc., a San Luis Obispo, Calif., company that makes business management software for health-and-fitness companies, has become an independent sales organization to improve its profit margin and deepen its relationships with merchants.

Scammers modernize check forgery with access to image archives; turning ATMs into slot machines; ruling allows watchdog site to keep publishing SSNs; and more.

The decision to install emerging technology is an expensive one. And as a recent failed business deal between two vendors shows, it's also fraught with risk when the systems they are promoting don't have long track records — especially for their customers.

IMGCAP(1)]

Citic Bank International Ltd., a member of the China Citic Bank Group, is now using the Clearing House Interbank Payments System to handle wire-transfer payments.

Bling Nation Ltd. has begun issuing its mobile payment stickers to employees of PayPal Inc. at PayPal's headquarters in San Jose.

The U.K. security vendor Prevx Ltd. said Sainsbury's Finance has agreed to offer SafeOnline fraud prevention software to its 1.4 million bank customers.

MasterCard Inc. has agreed to offer its issuing banks an online PIN debit system developed by Acculynk Inc.