Bank technology

The Society for Worldwide Interbank Financial Telecommunication is developing a video and audio service for its online networking site, www.swiftcommunity.net, using technology from Veotag Inc. of New York.

Wolters Kluwer Financial Services Inc. has acquired the U.K. software vendor Compliance Online Ltd.

The Turkish banking company Bank Asya in Altunizade and transit system operators in Turkey are using VeriFone Holdings Inc. payment terminals on buses.

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

Sapp Bros Travel Centers Inc. of Omaha has agreed to use fleet card authorization and transaction capturing technology from S1 Corp.

Nacha, the electronic payments association, is delaying the implementation of a new code for international automated clearing house transactions for six months, to give banks and businesses time to install and test needed systems.

Inevitable is too strong a word, but there does seem a natural symbiosis between mobile banking and voice biometrics. Anyone who has scrambled in a purse or wallet for a credit card while talking on a cell phone and then speaking aloud a PIN or Social Security number, might have longed for less hassle and more privacy.

There’s scarcely a bank in the U.S. that doesn’t have an SOA strategy—the competitive pressures to move beyond legacy systems and create a flexible IT environment have filtered their way down to all but the smallest Main Street banks. And though it’s been the next big thing for a handful of years, only a few ISVs have built true SOA components that banks can buy off-the-shelf and implement.

Shares of Total System Services Inc. fell sharply Thursday after the Columbus, Ga., card processor reduced its outlook for the rest of the year and an analyst downgraded the stock.

Poor economic conditions drove down Deluxe Corp.'s second-quarter earnings.

A number of years ago The Wall Street Journal carried a front page story about the owner of a music store chain in North Carolina. He was selling his stores because he could no longer compete with Internet downloads, and he wanted to get out while he could still make some money on his business.

State regulation, upstart anti-fraud rivals, and fading public interest in plain-vanilla credit monitoring may be catalysts behind Equifax’s newest credit-protection product. But security analysts say Equifax is also keeping in step with the larger trend of making prevention—not just detection—the backbone of identity security.

A couple of years ago Citigroup’s Capital Markets division faced a problem that most large trading enterprises were also confronting: an ever-increasing need for processing power to handle the risk management, market analysis and pricing applications that make the capital markets division tick, but limited space and budget to continually expand their data centers.

Amazon.com Inc. has announced the expansion of its payments offerings for small businesses.

Despite the troubles facing the banking industry, Fiserv Inc. says it's business as usual.

Online Resources Corp. says the departures of four large customers in the past year held down revenue growth in the second quarter.

Nautilus Hyosung Inc., an automated teller machine unit of Hyosung Corp. of Seoul, has agreed to purchase a rival, Triton Systems of Delaware Inc., from the conglomerate Dover Corp.

JPMorgan Chase & Co. is implementing vendor software to speed the capture of business documents as images.