Bank technology

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HSBC Merchant Services, a U.K. unit of Global Payments Inc. of Atlanta, said it has been chosen as the preferred processor for the BHF-BSSA Group Trade Association, which comprises 7,000 small and midsize businesses.

The University of Dayton bought the former Ohio headquarters of automated teller machine maker NCR Corp. for $18 million.

Citigroup Inc. elaborated on its denial that its systems had been breached last summer, suggesting that, if a breach occurred, it would have happened at a third party.

The Armonk, N.Y., vendor said it would continue supplying management and support for Discover's technology operations while also investing in software, processing and storage technology.

With sales of automated teller machines slow, some manufacturers are promoting outsourcing agreements to encourage small and midsize banks and credit unions to deploy advanced-function machines.

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The company announced a partnership Monday with Carphone Warehouse Group PLC, a British consumer electronics store chain, to encourage people to use their cellular handsets for online shopping and other services.

FBI probes possible attacks by Russian cybergang; hackers use comic strips to install malware; start-up to produce antivirus software for mobile phones; and more.

The Portland, Ore., prepaid tech provider Vesta Corp. said NetSpend Corp. will use Vesta's Web reload service for NetSpend prepaid cards.

MoneyGram International Inc. said Monday that it is working with Smart Communications Inc., a unit of Philippine Long Distance Telephone Co., to launch a mobile phone money transfer service in the Philippines.

American Express Co. has introduced an online invoicing and payment service aimed at small businesses. The company's AcceptPay, announced Monday, enables businesses to produce, send and track invoices electronically.

E-Trade Financial Corp. said Monday that its lead independent director, Robert Druskin, has been named the New York company's chairman and interim chief executive.

When it comes to winning the banking business of small companies, top-rated banks use a variety of strategies.

Hypercom Corp. has agreed to create a joint venture with McDonnell Group LLC to provide processors, financial companies and retailers globally with data communication services for payments applications.

Heartland Payment Systems Inc. has agreed to pay American Express Co. a settlement of $3.6 million related to a data breach the processor disclosed in January.

By letting businesses pay each other with card accounts, Bank of New York Mellon Corp. says it can profitably ease the inherent tension between suppliers, which want to be paid as early as possible, and buyers, which often want to hold onto the funds until the last minute.

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Infosys Technologies Ltd. has rolled out an online banking system that lets banks provide self-serve financial functions with remote support from service representatives.