Bank technology

H&R Block Co. is testing a mobile phone alert service consumers can use to manage its Emerald Prepaid card.

United Technologies Corp. said acquisition target Diebold Inc. is not a "must have," and said it would not pursue its original $40-a-share offer without a more detailed look at the automated teller machine maker's books.

Experian Group Ltd. has licensed a patent portfolio covering interactive voice system from Ronald A. Katz Technology Licensing LP.

Prosper Marketplace Inc., which enables individuals to make loans to each other, has expanded its model to permit institutions to participate as lenders.

Jason Knight has resigned as chief executive of the online account aggregation provider Wesabe Inc. to focus on a family medical situation.

LAS VEGAS — Anticipating a boom in international payments and a transformation in the domestic market, Bank of America Corp. is undertaking a major project to integrate its numerous processing systems into a hub it says will be able to handle all of its incoming and outbound payments.

LAS VEGAS — A new joint venture for processing automated clearing house transactions could disrupt the payments industry, cutting costs for the industry's biggest originators but driving up expenses for smaller financial companies, according to several executives.

Intuit Inc. has provided an updated timetable for the release of the online financial management tool it has been developing with the online banking software vendor it acquired last year.

LAS VEGAS — After suffering punishing losses in the subprime mortgage market, National City Corp. is shifting its focus to payments.

Fidelity National Information Services Inc. is working with two mobile banking vendors to offer mobile banking and bill-pay services.

Banks around the world are rolling out plans to overhaul their core systems, and many observers are wondering when the big U.S. banking companies will finally replace their own aging cores.

Coinstar Inc. has proposed adding to its board another independent director who would be nominated by its major shareholders.

TSYS Acquiring Solutions, a Tempe, Ariz., unit of Total System Services Inc., has hired a Bank of America Corp. executive, David E. Wood, as its chief operating officer.

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

Though transaction volume growth slowed on the automated clearing house system last year, several new payment formats that have been introduced recently or will be rolled out soon are likely to lead to new ways to use the network.

Click to read the story "New Uses and Other Topics as ACH Conference Nears".