Bank technology

Citigroup Inc., which has agreed to sell two operations and technology units this quarter, says it will continue to scrutinize its tech operations as it seeks to streamline and return to profitability.

Societe Generale SA said it has begun delivering corporate billing statements electronically using the Twist BSB format.

The payment processor Total System Services Inc. has hired Bulent Senver as its business development director for Turkey.

Citigroup Inc. has agreed to sell its Indian technology services unit to the Bangalore outsourcer Wipro Ltd.

Jack Henry & Associates Inc. is looking to independent sales organizations as a marketing channel for the check imaging service it has started rolling out for the smallest businesses.

Radio frequency identification technology has been getting a lot of attention from bankers as a way to power contactless payment cards, but the industry now is putting its weight behind another initiative: using RFID to tag computer servers and other assets in data centers.

Integrated Media Management has been reselling check imaging products from VSoft Corp. to its financial institution clients.

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

VeriFone Holdings Inc. said last week that it has appointed the former chief executive of Lucent Technologies Inc. to its board.

Lone Star Credit Union in Dallas is offering its clients automated clearing house payment software from Goldleaf Financial Solutions Inc.

With the biggest banks now clearing checks electronically with one another as a matter of course, attention is turning to finding cost-effective ways to deliver images to small banks as well.

The San Francisco utility Pacific Gas and Electric Co. has agreed to use bill payment kiosks from Tio Networks Corp., it said Friday.

As beleaguered larger banks curtail technology spending, regional and community banks that have managed to keep their balance sheets in good shape are investing in projects aimed at taking advantage of the lull in competition.

Eight months after unveiling a unified debit processing system, MasterCard Inc. has signed a second client to use it.

Marshall & Ilsley Corp. has agreed to use a lockbox processing product from Metavante Technologies Inc.

A trade group that promotes the use of contactless payment cards has developed a tool to help merchants determine whether it makes economic sense to invest in the terminals needed to accept them.