Bank technology

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.

Fiserv Inc. of Brookfield, Wis., said Monday that it has rehired Michael J. Kelly as the head of its Accel/Exchange debit network unit.

FedFinancial Federal Credit Union is using a marketing service from Digital Dialogue LLC, an Auburn Hills, Mich., unit of PSCU Financial Services Inc. of St. Petersburg, Fla., to increase it cross-sale rates.

Three top 10 U.S. card issuers have agreed to use collections services from Online Resources Corp. of Chantilly, Va.

Bankers' willingness to invest in technology suggests the financial industry is weathering the storm in the credit markets, according to Metavante Technologies Inc. executives.

One quarter of bankers say they may not be ready to process international automated clearing house transactions by the time new rules take effect in March, according to a survey conducted by the Boston research firm Aite Group LLC.

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

Bank of Montreal is expanding its commercial card operations into a broader spending management system for its corporate clients using technology from the payments software vendor Ariba Inc.

Paper check volume is expected to fall to 17.9 billion items next year, according to a report TowerGroup released last week.

Fiserv Inc.'s credit union division has signed five clients for its core processing services.