Bank technology

SunTrust Banks Inc. said it is outsourcing some paper-processing operations to Symcor Inc. and transferring several properties and employees to the Toronto vendor to support the work.

In a brutally competitive environment, lending decisions are no longer merely about making an approve/decline decision. Rather, lenders must ensure loans can be approved and serviced quickly and accurately to ensure they are profitable.

eBay Inc. said its payments unit, PayPal Inc., is growing faster off its auction site than it is onsite.

While bankers are exiting the student lending market, a person-to-person loan facilitator is taking a run at the niche.

Fidelity National Information Services Inc. said its planned spinoff of Lender Processing Services Inc. will be tax-free to the two companies and their shareholders.

UreLife Ltd. said Wednesday that it has begun distributing a prepaid debit card in London that includes a photo of the cardholder and a proof-of-age hologram.

EMC Corp. has agreed to offer multifactor authentication tokens from Innovative Card Technologies Inc., a Los Angeles vendor also known as InCard, to customers of its RSA unit.

Home National Bank of Blackwell, Okla., has agreed to offer business customers a remote deposit service from NetDeposit Inc., the payment technology unit of Zions Bancorp. of Salt Lake City.

The online computer game developer NCsoft Corp. has developed a micro-transaction system that it plans to use in several of its games.

The Mountain View, Calif., online payment processor CyberSource Corp. is developing two payment services aimed at small businesses through the Authorize.Net unit it acquired in November.

Nacha, the electronic payments association, is testing an online bill presentment service that runs on the automated clearing house network.

Total System Services Inc. is seeking a bigger share of small-merchants' online transactions by expanding the processing services it offers to acquirers.

Citing security issues, eBay Inc. plans to eliminate most of its payment options for users in Australia and require auction participants to pay for most items in person or through its PayPal Inc. unit.

Bank of Tokyo-Mistubishi UFJ is planning to use anti-laundering software from Actimize Inc., a New York unit of the Israeli technology provider Nice Systems Ltd.

Peplinski Group Inc., a Farwell, Mich., operator of long-term-care facilities, is using an automated clearing house application from PaySimple Inc. to set up payment plans and accept transactions from patients.

SAS Institute Inc. said sales of its risk management software more than doubled last year, as financial companies stepped up their efforts to reduce vulnerability to fraud and poor lending choices.

Royal Bank of Canada is using software from Nomis Solutions Inc. of San Bruno, Calif., to set prices for consumer lending products.