Bank technology

Commerzbank AG, Germany's second-largest bank, is using software from SAP AG to manage its private mortgage business.

Online financial management sites that aggregate information from multiple accounts could pose a security risk, a report concluded.

European bankers expect the Single Euro Payments Area initiative to cost them a significant amount of revenue and raise their expenses, according to a report Fundtech Ltd. released this week.

Fiserv Inc. developed its newest suite of services on the theory that lenders might be able to stem mortgage defaults if they can identify troubled borrowers before they fall behind on their payments.

Fidelity National Information Services Inc. has announced the final terms for its planned spinoff of its mortgage servicing unit, Lender Processing Services Inc.

Shares of Western Union Co. rose Friday after the Englewood, Colo., company raised its profit targets and authorized buying back an additional $1 billion of stock.

Despite opposition from an Australian regulator, eBay Inc. is urging customers there to comply with its recently issued payment restrictions, though it has delayed the start date.

The financial industry is trying to crack down on fraudsters who use high-tech payment systems, such as remotely created checks, to steal money from consumers.

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

The Jersey City payment software provider Fundtech Ltd. has promoted two executives to oversee operations and pursue growth in Europe, the Middle East, and Africa.

The New York payment software maker Striata Inc. said it has developed a system to convert paper marketing materials into electronic messages that can be delivered to people who pay their bills online.

The Redwood City, Calif., banking technology vendor Yodlee Inc. said it has signed more than 30 bank customers for a joint automated account-opening and funding product it offers with Andera Inc. of Providence, R.I.

The Treasury Department is trying to boost use of direct deposit for government benefits by encouraging people affected by the recent flooding in the Midwest to have Social Security payments routed to their bank accounts.

Lakeland Financial Corp. of Warsaw, Ind., is using an automated bank account-opening product from Fiserv Inc.

Royal Bank of Scotland Group PLC is offering an electronic invoicing service to its corporate customers under a multiyear reselling agreement with Fundtech Ltd., a Jersey City developer of corporate cash management and foreign exchange software.

SunTrust Banks Inc. has begun testing an "image integrity" service offered by Viewpointe LLC, which says other financial companies are expected to begin using the service soon.

Software vendors are starting to incorporate money management features from corporate products and personal financial management applications into their consumer online banking systems.

Independent Bankers Financial Corp. of Irving, Tex., has agreed to use the Private Correspondent Suite of services from LendingTools.com Inc. for financial transactions and cash management services at its TIB-The Independent BankersBank.