Bank technology

Financial institutions can make customers more profitable by applying iPod, desktop Internet and store strategy to banking.

PARIS — European Union merchants are unlikely to impose surcharges on customers who use credit or debit cards despite new rules that are expected to permit such fees, payments experts say.

Total System Services Inc. shares inched upwards Monday afternoon despite an analyst report that said Wells Fargo & Co. has decided to shift the credit card portfolio it acquired with Wachovia Corp. last year to Kohlberg Kravis Roberts & Co.'s First Data Corp.

The European Commission said Monday that, concerned by the lack of take-up by the payments industry, it may set a formal deadline for banks to migrate their payments systems to a single European payments platform.

Andera Inc. announced a deal Monday to offer its online account opening technology to financial companies that work with the online banking outsourcer Digital Insight Corp., a unit of Intuit Inc.

American Savings Bank, a $5.2 billion-asset Honolulu thrift, has agreed to use technology from Fiserv Inc. to consolidate its disparate manual processes using a single, integrated approach, the Brookfield, Wis., financial technology company announced Monday.

With signs emerging of a recovery in the mortgage market, lending technology vendors that may have made staffing cuts last year are looking to hire again, especially in upper management and sales.

The table lists daily composite stock prices at 4 PM (unless otherwise noted) as measured by market capitalization.

The risk management technology company Intersections Inc. and the Identity Theft Assistance Center were expected to unveil Breachcenter.com today, a Web site where companies that have suffered a data breach can share their experiences.

A Chilean bank claims it has completely eliminated some types of fraud using technology that enables automated teller machines to spot counterfeit cards.

Sixty percent of U.K. online retailers do not know if they comply with the Payment Card Industry data security standards, according to a survey the British payment technology vendor Sage Ltd. released on Tuesday.

Wells Fargo & Co. has provided a detailed look at its plan to integrate its cash management operations with those of the former Wachovia Corp., a process that will eventually combine two units with little overlap into a single business with a coast-to-coast presence.

Intuit Inc. is strengthening its foothold in online payroll, a service that is becoming more important to banks.

VeriFone Holdings Inc. reported late Tuesday that it returned to profitability in its fiscal second quarter, but the point of sale terminal maker's sales continued to fall.

NCR Corp. announced plans Tuesday to move its headquarters to a suburb of Atlanta and to "in-source" its manufacturing of automated teller machines in Columbus, Ga., in a bid to improve internal collaboration and cut costs.