Bank technology

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".

Union Bank of Nigeria PLC has agreed to buy 120 automated teller machines from Diebold Inc.

Wells Fargo & Co. and Bank of America Corp. said Thursday that they are planning to consolidate their automated clearing house operations into a joint venture called Pariter Solutions LLC that will use a single payment processing system to handle both companies' electronic transactions.

The Identity Theft Assistance Center is expanding the availability of its services through a credit monitoring package it developed with Intersections Inc.

Nationwide Building Society is planning to use automated teller machine management software from NCR Corp.

In unveiling a long-awaited plan for adding corporate remittance information to wire transfers, the Federal Reserve Board also revealed a shift from its previous stance.

Two top executives of Coinstar Inc. are urging shareholders to support the coin-counting machine company's incumbent board nominees and to reject a slate proposed by a hedge fund that has been buying up its shares and agitating for a strategic shift to boost its stock price.

Tax benefits helped the air courier AirNet Systems Inc. report a strong increase in first-quarter profit despite a sharp decline in its check delivery business.

Janet O. Estep, an executive vice president at U.S. Bancorp, was named Tuesday to be the next president and chief executive officer of Nacha, the electronic payments association, in the first leadership change for the automated clearing house group in two decades.

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.