Bank technology issues posted only small changes as the stock market remained quiet for the second straight week.

On Friday morning, the Labor Department released its June employment report, which showed the economy continuing to grow at an above-average pace and rekindled fears of a near-term tightening by the Federal Reserve.

June nonfarm payrolls rose by 379,000, far more than the 285,000 increase anticipated by a consensus of economists by The Bond Buyer.

The stock market, however, remained in the doldrums, awaiting this week's release of the Consumer Price Index, which is expected to prompt the Federal Reserve to boost interest rates.

Small Gains or Losses

The financial technology sector matched Wall Street's overall mood, with most posting very small gains or losses.

One exception to Friday's dull session was SPS Transaction Services, which closed the week at $57.50, up $1.25. Although the Riverwoods, Ill.-based payment-systems company did not make any new announcements last week, it has introduced a number of the new products in the last few months.

"Some of these new products are very interesting," said Richard K. Weingarten, an analyst with Montgomery Securities, San Francisco. "I think the newproduct announcements are bringing about a renewed interest in the stock."

Other payment-systems companies' stocks closed down for the week. The one exception was Comdata Corp., which closed at $7.875, up 25 cents.

On Friday, First Data Corp., an outsourcing firm, announced the formation of First Data Card Products Group, an executive team designed to more effectively meet the needs of its clients.

The new executive team is composed of four units reporting to Walter M. Hoff, executive vice president.

These units are:

* First Data Resources, which will provide client-focused services to the bankcard-transaction clients of First Data.

* Program Management Services, which provides a full scope of back office service capabilities and program management expertise.

* Electronic Funds Services, which manages debit card products.

* Card Product Services, which includes all technological development areas and card product service operations.

"We are confident that the First Data Card Products Group, with its smaller, more flexible units, will allow us to grow with our customers, anticipating and meeting their needs more strategically," said Mr. Hoff.

First Data's stock closed Friday at $42.75, unchanged from the previous week's close.

Bank Technology Stocks Last Week Change Last from 52 week week's prev. Hl Low PE close weekOUTSOURCERSAlltel(*) 29 1/2 24 18.01 25 1/2 * 1/8Bisys 21 1/8 17 24.7 20 3/4 -EDS(**) 38 27 1/2 22.66 35 * 1/8First Data 48 40 5/8 26.47 42 3/4 -Fiserv 23 3/4 18 23.8 19 3/4 * 1Total System 28 1/4 19 1/2 31.05 19 5/8 * 1/8SOFTWAREBroadway & Seymour 15 3/4 9 1/2 - 12 1/2 * 1/4Fair lsaac 31 1/4 21 23.97 29 * 1/2Hogan 10 7/8 6 3/8 17.31 6 3/4 * 5/8Jack Henry 11 3/4 6 1/2 16.42 8 3/8 * 1/8HARDWAREBanctec 24 3/4 18 3/4 13.62 20 1/4 -Diebold 45 1/4 33 7/8 24.93 43 1/2 * 3/8Verifone 19 1/2 14 1/2 17.5 15 7/8 * 3/8TRUST SYSTEMSNational Computer 13 1/2 10 1/4 - 11 3/4 * 1/4SEI Corp. 28 1/2 17 21.28 18 1/2 -CHECK PRINTERSDeluxe Corp. 38 26 16.94 26 1/8 * 1/8John H. Harland 24 3/4 21 1/8 13.48 22 1/8 * 1/4BRANCH AUTOMATIONCFI Proservices 15 1/2 9 7/8 23.02 15 * 1/2Interlinq 9 4 3/4 9.77 4 7/8 * 1/2PAYMENT SYSTEMSComdata 8 1/2 6 1/2 - 7 7/8 * 1/4Equifax 30 3/8 21 7/8 30.19 28 * 1/2First Financial 60 1/8 51 1/8 24.72 54 1/4 * 1/8National Data 23 16 1/4 20.39 16 3/4 * 1/2SPS Transaction 64 3/4 48 23.33 57 1/2 * 1 1/4TRW 77 1/2 61 18.00 64 * 7/8

(*)Alltel unit Systematics Information Services, Inc, contributed 29% of 1993 operating revenues

(**)EDS 1993 revenues from financial services firms was $1.2 billion, or 14% of total 1993 revenues

Source: Reuters

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