Headlines:
Fidelity Buys Rest of Kordoba
Fidelity National Financial Inc. of Jacksonville, Fla., which owned most of the Munich bank technology and outsourcing vendor Kordoba GmbH & Co., has bought the rest.
Kordoba, formed in 1979, provides core banking, automated teller machine processing, accounting, and securities processing to German banking companies.
In September of last year Siemens Business Services GmbH & Co. sold 74.9% of Kordoba to Fidelity National. Owning that stake increased the U.S. company's "penetration into the German banking market," said William P. Foley 3d, its chairman and chief executive, in a press release Monday announcing the additional purchase.
Fidelity National has expanded rapidly in the United States in the past few years and has said it wants to increase its business abroad.
Digital Insight Makes Ohio Sale
Peoples Bank of Marietta, Ohio has agreed to use two online banking products from the software vendor Digital Insight Corp. of Calabasas, Calif.
Under a four-year deal announced Wednesday the bank, whose holding company is Peoples Bancorp Inc. of Marietta, will use Digital Insight packages for online consumer and small-business banking
Their stability was a factor in the selection, the bank said in Digital Insight's press release. The vendor claims that their typical downtime is 0.05%.
More than 850 companies and 21,000 consumers bank online with Peoples, said Larry Holdren, the president of its retail banking division, in the press release. The deal will "extend the bank's strategic growth initiatives," he said.
Diebold ATMs with Imaging
Diebold Inc. of North Canton, Ohio, and Metavante Corp.'s Advanced Financial Solutions will jointly market Diebold automated teller machines that can convert newly deposited paper checks into digital images and transmit them to a bank's processing center.
The ATMs are equipped image-capture software from AFS, an Oklahoma City operation whose parent is the technology subsidiary of Marshall & Ilsley Corp., the Milwaukee banking company.
"More and more financial institutions will be looking to image-capture and truncate checks at the ATM, a point of first deposit," said Gary Nelson, AFS' president, in a press release.
