Bank technology

ACH Federal has the first automated clearing house system built from the ground up to comply with recent rules by Nacha, the electronic payments association, designed to fight fraud and tighten compliance.

The rebate processor Ohana Cos. Inc. said it will offer rebates on MasterCard Inc. prepaid cards.

The British wireless operator Orange on Thursday launched a contactless credit card, co-branded with Barclaycard, that features text-message alerts and financial-management tools.

The card processor Total System Services Inc. on Thursday announced an agreement to provide payment services to Degussa Bank GmbH's corporate and business clients.

Best Buy Co. Inc. has made good on threats it made in July to drop acceptance of Visa Inc.'s contactless cards because of the fee structure surrounding the cards, according to an industry analyst.

An expected surge in demand for core banking products and a recent acquisition prompted Citigroup Global Markets to upgrade Temenos Group AG this week.

The core processor Jack Henry & Associates Inc. has accepted the financial management software provider Geezeo Inc. into its Symitar unit's vendor integration program.

Fundtech Ltd. said Wednesday that it expects 2010 earnings of between 32 cents and 42 cents a share and revenue of between $132 million and $135 million.

Jack Henry & Associates Inc. announced Wednesday that First Hope Bank in Hope, N.J., has completed the in-house installation of the vendor's SilverLake System for core processing.

SunTrust Banks Inc. has completed the move of its automated teller machine network to its main data communication system, the payments software vendor ACI Worldwide Inc. announced Wednesday.

At least four mobile transfer systems are set to go live in the next few months, enabling people to send one another cash with their phones.

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Count the merchant acquirer First American Payment Systems LP among the U.S. payment processors looking abroad for growth.

More alphabets used in domain names may create more opportunity for scammers; evaluating virus-testing websites; Twitter bans some obvious (and not so obvious) passwords.

Fiserv said Monday that Merced School Employees Federal Credit Union in California has begun offering the Brookfield, Wis., vendor's mobile money transfer system.

The Austin company said the customers, all credit unions, have agreed to use its customizable MoneyTracker PFM software at their banking Web sites.

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Price reductions could spark demand for cards that display one-time passcodes. Companies such as Innovative Card Technologies Inc. hope the increasing use of online banking, combined with growing awareness of fraud, persuades more consumers to use the cards, which generate a new passcode every minute or so.

Liberty Tax Service Inc. said Republic Bancorp Inc. in Louisville has agreed to offer refund-anticipation loans and electronic refund checks to customers at 90% of Liberty's locations.

Though analyst projections and spending totals differ depending on the definition of what constitutes an IT investment, they all paint a trendline of slow or stagnant growth.