Data breaches are some of the scariest – and most inevitable – risks facing bankers today, a Citigroup executive said Monday, as several big banks faced a wave of cyber attacks.

Prosper Marketplace, the online peer-to-peer loan facilitator, announced Oct. 3 that it hired Josh Tonderys, a former executive at Barclaycard US, to be its chief risk officer.

TOKYO – Ogaki Kyoritsu Bank has introduced ATMs that allow customers to withdraw cash, make deposits and check account balances by using biometric palm scans instead of ATM cards.

Investors and payment-industry participants declared the recent partnership between Discover Financial Services and PayPal Inc. a game-changer in payments. But will consumers agree?

Social media-based payments technology continues to gain traction as processing provider E2E Payments announced it will include social payment startup Buyvite as one of the payment options in its network, alongside traditional credit card, virtual terminals, mobile and other payments products.

Payments industry participants are stepping up to help nonprofits and NGOs improve their ability to collect and distribute donations around the world.

Everyone seems to want the success that Square has in the mobile payments marketplace, and Amazon appears to be the next in line to join the device fray.

SPOKANE, Wash. – Spokane Teachers CU has implemented HelpSTAR help desk software to elevate efficiency across multiple departments.

LOS ANGELES -- InAuth, a provider of advanced mobile security software for credit unions and banks, announced this afternoon the introduction of a voice biometrics identification system for mobile banking.

It’s called Ventra and it’s going to allow Chicago commuters to make tap-and-go contactless card payments throughout the city’s transit system next summer.

Because Google Inc. stubbed its public relations toe earlier this year when a security firm “hacker” was able to gain access to the Google Wallet’s secure element in a smartphone and steal or wipe out PINs, it was no surprise the company made the leap to store card data in the cloud.

A mobile application being pilot tested by Bank of America lets consumers use their smartphones as payments devices without requiring retailers to install new hardware.

AUSTIN, Texas – Amplify CU has moved its primary IT infrastructure to Data Foundry’s Texas 1 data center.

Attendance reached a record-breaking 874 at the Western States Acquirers Association 2012 Conference last week in Huntington Beach, Calif., up from the previous record of 722 set last year in Burlingame, Calif.

It may not take long for a mobile phone carrier to start looking and acting like a bank for consumers seeking to use their phones to make payments or borrow money.

Global Payments Inc. is banking on a recent acquisition in the health care market and involvement in the Discover Financial Services and PayPal Inc. partnership to help eventually offset a 26% tumble in first quarter income for fiscal 2013 because of the security breach it endured last March.

Noting that one person speaking out via social media about a better way to bank started Bank Transfer Day, McGraw-Hill FCU is wondering just what more than 150 people doing the same thing can do.

More than 50% of credit unions that don't currently offer mobile banking plan to make it available to members within the next 12 months.

Analysts are concerned a number of "myths" about the mobile channel are hurting credit unions when it comes to making real progress.

Social media is seen by credit unions as a quick and inexpensive marketing channel. But the rush to launch that channel has led many CUs to overlook the legal ramifications that accompany a Twitter feed or a Facebook page.