Bank technology

Shares in Fidelity National Information Services Inc. fell Thursday after an analyst downgraded the stock, citing its limited growth potential.

Fiserv Inc.'s deal to sell a 51% stake in its insurance business is the latest in a series of transactions designed to sharpen its focus on financial technology and payments.

Citigroup Inc., aiming to build on its existing role as a commercial customer authenticator, plans to begin offering a service in which it acts as verifier of customers' digital identities to third parties.

West Texas National Bank has cut its costs and improved customer service by switching to an Internet telephone system, but the bigger benefit, an executive said, was making employees feel connected to each other.

Viewpointe LLC, which mainly serves large banks, is making its image exchange system accessible to very small financial companies.

Lender Processing Services Inc.'s stock will join the S&P midcap 400 index when the mortgage servicing company spins off from Fidelity National Information Services Inc. this week, Standard & Poor's Corp. said last week.

NCR Corp. is preparing to test a biometric voice authentication system that would let people withdraw money from automated teller machines without their ATM cards.

China Banking Corp. is planning to convert the systems of a bank it bought last year to the core processing software it has been using since 1995 from Metavante Technologies Inc. of Milwaukee.

Alliance & Leicester Commercial Bank, which provides online bill payment services to U.K. billers, said it plans to incorporate the security technology currently used in the Verified by Visa system.

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

Intuit Inc. said that it will cut 575 positions, or 7% of its work force, as part of a restructuring plan announced last week.

West Texas State Bank of Odessa is planning to use a data network operated by ERF Wireless Inc. of League City to connect its six branches.

Many automated clearing house transactions are being originated by financial companies that have no automated fraud detection system in place, according to a report released Wednesday by the Folsom, Calif., provider of risk management and anti-fraud software Laru Corp.

The New York financial technology vendor CashEdge Inc. said Wednesday that it has hired Carl D. Blandino, as its chief financial officer.

Total System Services Inc. of Columbus, Ga., has extended its agreement to process cards for Canadian Tire Financial Services, the banking division of the retailer Canadian Tire Corp. Ltd.

Several banks looking for new and edgy ways to incorporate so-called Web 2.0-style features into their marketing have latched on to online video contests.

RBS Lynk, the U.S. payment processing unit of Royal Bank of Scotland Group PLC, said it has agreed to provide processing services for Sizzler USA Restaurants Inc.