Bank technology

Hitachi Consulting, the Dallas business and information technology consulting unit of Hitachi Ltd., has acquired JMN Associates LLC, a San Francisco advisory company for the banking, real estate, and insurance industries.

Community banks are moving rapidly into mobile banking, using technology from the same vendors that dominate the core banking market.

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

LendingTools.com Inc. said Wednesday its OnWe image exchange network is handling more than 20 million checks a month.

NCR Corp. paid William Nuti, its chairman, chief executive, and president, $9.3 million in 2007, a 26% increase, according to a proxy statement filed with the Securities and Exchange Commission Wednesday.

LA Financial Credit Union has agreed to use core processing software from Jack Henry & Associates Inc.

First National Bank of Pandora in Ohio has agreed to outsource its core processing of deposit and loan accounts to the service bureau COCC.

The back-office conversion format for turning checks into automated clearing house transactions will observe its one-year anniversary Sunday, but unlike its predecessor, accounts receivable conversion, it has not emerged as a quick success.

Two online person-to-person loan facilitators are fine-tuning their affinity marketing strategies but have staked out different positions on the benefits of offering financial incentives to participate in affinity groups.

Checks are by far the business-to-business payment tool most likely to be used for fraud, according to the Association for Financial Professionals.

The volume of images exchanged on the SVPCO network more than doubled last month from a year earlier, to 350 million, as another financial company began using the system.

A growing number of prime borrowers are requesting person-to-person loans online through Prosper Marketplace Inc.

Security Bank Corp. of Makati City in the Philippines has agreed to use two-factor authentication technology from Arcot Systems Inc.

First Horizon National Corp. plans to expand its use of software from XSell LLC of Jacksonville, Fla., in its call centers and elsewhere to increase cross-sales to customers of the Memphis company's First Tennessee Bank.

Schools Financial Credit Union of Sacramento is planning to use technology from MagTek Inc. at its teller windows to issue new and replacement PINs to members.

BB&T Corp., seeking to expand in commercial lending, has licensed software from Fidelity National Information Services Inc., of Jacksonville, Fla., to help manage its syndications and loan participations business.