Bank technology

The Federal Reserve's effort to boost the economy by slashing interest rates is driving down float income at the bill payment provider Online Resources Corp.

MasterCard Inc. says it is expanding its New York-area tests of contactless transit payments.

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

A year after buying the online banking vendor Digital Insight Corp., Intuit Inc. is behind schedule in the release of its updated online banking package and is expecting slower sales for its QuickBooks desktop business software, executives acknowledged.

Royal Bank of Canada said Thursday that its U.S. unit, RBC Centura Banks Inc., has started using TouchPoint customer relationship management software from Fidelity National Information Services Inc. at its 340 branches.

As the economies within online games evolve, gaming companies' efforts to combat virtual fraud are leading to an increase in actual credit card fraud.

Synovus Financial Corp. says it has improved customer service and more tightly integrated its back-office business processes with reusable technology building blocks based on service-oriented architecture.

As part of its ongoing effort to improve its payment infrastructure, Bank of China Ltd. has bought more terminals from VeriFone Holdings Inc. of San Jose.

The mobile payments company Obopay Inc. said Wednesday that it is using security software from IDology Inc. to authenticate users when they enroll.

Fifth Third Bancorp, which aims to go completely electronic in its check clearing this year, has signed on to use Viewpointe LLC's Pointe2Pointe service for image exchange.

Pentagon Federal Credit Union has agreed to use paperless lending software from Fiserv Inc.

The Securities and Exchange Commission has introduced software on its Web site that lets people view filings submitted by companies using extensible business reporting language.

Fundtech Ltd., a Jersey City maker of banking software for corporate cash management and foreign exchange, has added to its payment arsenal by buying software tools from Troy Group Inc. of Costa Mesa, Calif., for automated clearing house transactions.

The U.K. mobile banking vendor Monitise PLC plans to offer international remittances that people could originate on handheld devices.

Remote deposit services are more likely to appeal to a few niche retail markets rather than mainstream consumers, according to several payment experts, who warn that providers will need to address several important operational and technical issues.

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

Mitek Systems Inc., the developer of an application that lets consumers create check images with their mobile phones, said its net loss for its fiscal first quarter, which ended Dec. 31, shrank 4.1% from a year earlier, to $282,000.