Bank technology

A fledgling standards group, the Banking Industry Architecture Network, is working with the global financial cooperative Swift to develop an interoperable form of service-oriented architecture, or SOA.

The Image Industry Interoperability Group has announced that the Federal Reserve Banks this week started a Check 21 Duplicate Notification Service for financial companies using its FedMail service.

The payments software vendor Goldleaf Financial Solutions Inc. announced Thursday that the Nasdaq Stock Market Inc. has warned it to raise its stock price.

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Mobile banking is moving into the mainstream and is changing the way consumers manage their finances, according to a report released from Javelin Strategy and Research.

VeriFone Holdings Inc. has created a new business unit focused on payments security.

Banking technology executives have been promoting for years an advanced systems-design format that they say offers a wide range of advantages but has been used mainly for small, discrete projects.

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Security experts warn businessess of the Clampi banking Trojan; a bogus ad on The New York Times Web site infects readers' computers; A Maine heating oil firm gets burned by a phishing scam.

Intuit Inc. and Mint Software Inc. both appear to have struggled to generate revenue from online personal financial management software. Teaming up might help them succeed in a market where neither could thrive alone.

Intuit said Monday it has agreed to buy Mint Software for $170 million. The cash deal is expected to close in the fourth quarter.

The complex maze of hardware and software lurking behind the curtain at the nation's biggest banks has grown even more treacherous since the start of the downturn and the advent of shotgun mergers between banking companies — and their information technology systems.

Credit card acceptance applications for mobile phones are unlikely to eat into business for point of sale terminal makers, according to executives.

Ohio's public higher education system said it has agreed to use purchasing card services from JPMorgan Chase & Co.

Consumers globally made 250 billion noncash payments in 2007, up 8.6% from the previous year, according to the World Payments Report 2009.

Google Inc. is planning to add several features to its Checkout payments system and may be trying to revamp a flawed business model that was scrapped months ago.

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Google Inc. has outlined plans for new features for its Checkout payment system, including stored-value cards and micropayments.

Fiserv Inc. has announced that First National Bank of South Carolina has agreed to use its Precision processing platform as well as other services.

Banks are stepping up efforts to increase their share of the global remittance market, either alone or by partnering with other companies.