Bank technology

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.

Phoenix Check Cashing Inc. of Herndon, Va., is planning to add a prepaid debit card feature to the biometric check-cashing business it acquired last week from Solidus Networks Inc.

The credit union core processing service provider Enhanced Software Products Inc. has agreed to offer its customers bill-payment services from iPay Technologies LLC.

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

Clal Industries and Investments Ltd., an Israeli holding company that owns 42.9% of the payments software vendor Fundtech Ltd., wants to raise its stake to nearly 60%.

The alternative credit bureau Pay Rent Build Credit Inc. is using information from the bill payment software company Billeo Inc. to establish credit scores for people with thin or no credit histories.

Phoenix Check Cashing Inc., a company started by executives from the struggling biometric payments provider Solidus Networks Inc., has acquired Solidus' check-cashing business, BioPay Paycheck Secure.

A Japanese banking company has sued International Business Machines Corp. over problems related to a computer upgrade project.

Consumers are more interested in security than in rewards or discounts when they decide where to shop online, according to a survey by PayPal Inc. and JupiterResearch LLC.