Bank technology

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.

Fidelity National Information Services Inc. said Thursday that its strong fourth-quarter results were due, in part, to a product line the company says is not vulnerable to the economic turbulence that has slammed so many banking companies.

The French point of sale terminal company Ingenico SA on Thursday withdrew its offer to buy its U.S. rival Hypercom Corp., after the latter's decision to carry out its deal to buy another company.

Merrill Lynch & Co. Inc. is installing payment reconciliation software from Fiserv Inc.

The Payment Card Industry Security Standards Council published new guidelines for secure payment devices and streamlined the assessment questionnaire small merchants must fill out to evaluate their network security.

Citigroup Inc., which has been testing a system that lets customers send each other money through mobile phones, plans to connect the system to its checking accounts.

Catherine Palmieri is no longer the managing director of Citibank.com.

The Clearing House Payments Co. LLC is planning to link its SVPCO image exchange network with the OnWe clearing network operated by LendingTools.com Inc. of Wichita.