Bank technology

Liberty Bank in Middletown, Conn., has chosen COCC in Avon, Conn., to replace its in-house core banking system with COCC's outsourcing service, the vendor announced last week.

Prosper Marketplace Inc. plans to launch a secondary market for bank loans today.

A former unit of Fiserv Inc. that invested retirement plan money with Bernard Madoff should have recognized his Ponzi scheme after repeated warnings from a financial adviser, according to an amended lawsuit filed last week against the Brookfield, Wis., banking technology vendor.

The investment firm Jefferies & Co. downgraded its recommendation on shares of Intuit Inc. on Monday to "hold," from "buy," saying the company could face pricing pressure as it offers more products online.

3i Infotech Ltd. announced an agreement Monday to buy JPMorgan Chase & Co.'s national retail lockbox business.

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

After a rough start to the year in January, business at Metavante Technologies Inc. strengthened later in the quarter as higher transaction processing offset lower software license revenue and the company cut costs, executives said Friday.

American Express Co. is eliminating paper statements to potentially millions of corporate cardholders, whether they like it or not.

First-quarter earnings at eBay Inc. dropped 22% from a year earlier, to was $357.1 million, or 28 cents a share, despite strong growth in its PayPal Inc. online payment unit.

Vasco Data Security International Inc. said first-quarter revenue and earnings fell, despite numerous new customers.

The Bancorp Inc. announced Wednesday that its Bancorp Bank unit will offer multicurrency products and services to its merchants and third-party servicers in the U.S. payments market through an agreement with Planet Payment Inc. of Long Beach, N.Y.

When it comes to technology spending, chief information officers are becoming more important.

Yodlee Inc. says its new bill-pay product will help with its strategy of winning customers one feature at a time.

Customer satisfaction with banks' online services is on the rise as financial companies continue to invest in their Web sites, according to a study expected to be released today.

Total System Services Inc. said Monday that it had renewed its credit card processing agreement with Navy Federal Credit Union.

U.S. banks are showing increased interest in automated teller machines with imaging capabilities, according to NCR Corp.