Bank technology

The Federal Reserve Board and The Clearing House Payments Co. LLC have completed and distributed technical specifications for banks to use when transmitting cover payments over the SwiftNet system.

Several vendors are recasting security applications in ways that they say will give their ideas more appeal to bankers that passed on them in the past.

The restaurant chain operator Buffets Inc. is planning to use Remote Currency Manager, an electronic safe service from Fifth Third Bancorp.

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

The Elizabeth, N.J., grocery chain Wakefern Food Corp. has agreed to offer Check2Card, a service from Metropolitan National Bank of New York that lets people to convert their paychecks into prepaid cards.

The Brookfield, Wis., technology vendor Fiserv Inc. has licensed a bar-code scanning application from PayScan America Inc. and plans to offer it to retailers as part of a walk-in bill payment service for checkout lanes.

The new features being rolled out by several financial management Web sites show that the participants in this evolving market are still testing models and are starting to differentiate themselves by target market.

The volume of PayPal Inc. payments made through other companies has eclipsed the volume of transactions initiated through the online auctions of its parent company, eBay Inc.

The next generation of online bill payment applications are going to look a lot like online calendars.

The automated teller machine manufacturer NCR Corp. said Wednesday that it has agreed to resell a video sales platform from Experticity Inc.

A start-up called Inlet Inc. has launched Boulevard R, a Web site for small-business owners, in partnership with Advanta Corp., a specialist in issuing credit cards to small businesses.

The online person-to-person loan facilitator Prosper Marketplace Inc. said it has stopped accepting loan applications as part of the process of forming a secondary market.

Jack Henry & Associates Inc. is offering its banking customers a guaranteed next-day bill-payment service that uses Federal Express Corp.'s transportation service to deliver paper checks to payees.

EverBank Financial Corp. has agreed to use core banking software from the Swiss vendor Temenos Group, which has a reseller agreement in the United States with Metavante Technologies Inc.

Shares of Diebold Inc. have fallen sharply this week on the news that United Technologies Corp. was no longer pursuing an acquisition of the automated teller machine company.

Citigroup Inc. and Bank of America Corp. are stepping up their efforts to deliver electronic gateways that large companies can use to manage payments to their suppliers.

As peer-to-peer lending sites proliferate, borrowers are starting to rate-shop by requesting loans from multiple Web sites, and observers say the trend could increase risk for lenders.