Vendor Stocks Take a Bumpy Ride in Market

Bank technology stocks were mixed last week, mirroring the general market's choppiness.

Goldman, Sachs & Co.'s index of U.S.-traded technology firms, which lists many bank vendors, by late Friday was down a point for the week, at 148.23.

In news affecting bank vendors, Deluxe Corp. of Minneapolis announced it is adding $40 million to a previously announced $140 million charge against third-quarter earnings.

The additional money will fund expenses related to the $30 million settlement of a suit brought by Mellon Bank Corp. against Deluxe's Electronic Payment Systems unit.

Deluxe's stock dropped slightly on the news, and was trading at $33.625 late Friday, up 43.75 cents from the previous week's close.

In other news, shares of Palo Alto, Calif.-based E-Trade Group Inc.'s stock shed $8.3125, and was trading at $24.4375 late Friday.

Analysts said the decline was the result of increased pricing competition in the on-line brokerage business.

"It's been a bad week for small-caps," said Bill Burnham, analyst at Piper Jaffray Inc. in Minneapolis.

Elsewhere, CFI Proservices Inc. and Fair, Isaac & Co. announced a joint service that automates underwriting and credit scoring for commercial lenders.

Shares of CFI were trading at $12.125 late Friday, up 62.5 cents for the week. Fair Isaac shares were trading down $1 at $42.