Bank technology

The effectiveness of the Payment Card Industry data security standard was called into question during a House subcommittee hearing on cybercrime.

Buying its next-largest competitor in core processing would make Fidelity National Information Services Inc. a giant in banking technology and position it against the even larger companies it expects to enter the market.

A member of the Senate Judiciary Committee is pushing for legislation that would protect banks from a high-stakes patent infringement lawsuit related to check imaging.

Fidelity National Information Services Inc. of Jacksonville, Fla., said Wednesday that it had agreed to acquire Metavante Technologies Inc., making it the industry's largest banking technology vendor by far.

A lack of direction and funding from the federal government has hindered a nationwide transition to payment cards for the Special Supplemental Nutrition Program for Women, Infants and Children, according to JPMorgan Chase & Co.

Mizuho Corporate Bank Ltd. is using anti-money-laundering technology from Metavante Technologies Inc.

Chris Church, the chief executive for the Americas at the global financial cooperative Swift and its global head of securities, has joined the board of the XBRL U.S. Consortium, a trade group promoting the extensible business reporting language.

If its online auction business does not improve, eBay Inc. may face pressure to spin off or sell parts of its PayPal Inc. and its Skype Internet phone service, according to Youssef Squali, an analyst with Jefferies & Co.

S1 Corp. is giving customers of its Enterprise business line access to an online forum where they can seek advice from one another and provide input on updates for the products they use.

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

The poor economy has reduced merchants' interest in a system that enables people to use the automated clearing house network to make online purchases, but Nacha, which has been testing it since last year, said it expects the technology to take off in a few niche markets this year.

Metavante Technologies Inc. announced Thursday that its former parent, the Milwaukee banking company Marshall & Ilsley Corp., had decided to use its branch capture technology.

Total System Services Inc. said Thursday that its acquiring unit, TSYS Acquiring Solutions, is offering point of sale payments products and services from mPay Gateway Inc. and Nova Libra Inc. to the health-care industry.

Diebold Inc. said Wednesday that the Securities and Exchange Commission has sent notices of possible civil action to some of its current and former employees, prompting one of the recipients, Kevin Krakora, to step down as chief financial officer.

Metavante Technologies Inc. plans to offer a variety of payment services to PayPal Inc. through an alliance announced Tuesday.