Bank technology

Bank of New York Mellon Corp. has expanded its alternative investment services by acquiring the fund of hedge funds administration business of Lamp Technologies LLC of Dallas.

Online Resources Corp. is linking its network to those of money-services businesses to attract the unbanked and expand its expedited bill payment system.

The First, a $1.2 billion-asset banking unit of First National Lincoln Corp. in Damariscotta, Maine, is planning to install core banking software from Jack Henry & Associates Inc. of Monett, Mo., as part of a major technology upgrade aimed at improving commercial banking capabilities.

Mountain 1st Bank and Trust Co. in Hendersonville, N.C., has agreed to use core account-processing services and other technology from Metavante Technologies Inc.

The check printer Harland Clarke Holdings Corp. reported an increase in first-quarter earnings, mainly because of two acquisitions.

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

The automated teller machine company Diebold Inc. says it is using expense management software from Ariba Inc. as part of a continuing effort to signifiatnly reduce its operating costs and other expenses.

Two financial companies have agreed to use online banking software and other applications from Online Resources Corp., the company announced Friday.

Cardtronics Inc. has shifted the majority of the automated teller machines it operates to an internal processing system, and it expects to move the rest this year.

The Winnipeg trade group Credit Union Central of Manitoba Ltd. plans to use hosted treasury and risk management software from Misys PLC to manage its $2 billion investment portfolio.

HSBC Holdings PLC said a computer server with customer data disappeared during a renovation at its Kwun Tong branch in Hong Kong.

Charles Schwab Corp. plans to use risk management software from Jack Henry & Associates Inc. of Monett, Mo., to help identify and resolve exception items.

Citigroup Inc. and Regions Financial Corp. have started routing check images across the SVPCO network.

Despite taking a short-term earnings hit, Fiserv Inc. may fare better than expected from its bill payment deal with Bank of America Corp., according to Tien-Tsin Huang, an analyst at JPMorgan Securities Inc.

Despite the poor economy, earnings reports from several technology vendors show that banks remain willing to spend on projects that can save costs in the near term.

With check payments in steep decline and alternatives on the rise, the Federal Reserve Bank of Atlanta says it plans to set up a unit to evaluate retail payment risk management.

Software Earnings Inc. has announced the availability of remote-capture imaging software for consumers and small, home-based businesses.