Bank technology

Over 15 months ago the Federal Reserve Bank of New York and The Clearing House Payments Co. LLC released the results of their research on wire transfer business-to-business payments. Their study, "Business to Business Payments: Customer Preferences and the Opportunities for Financial Institutions," clearly indicated that automation and payment information capability (invoice data) for business payments was needed on the Fedwire and Chips payments systems.

VeriFone Holdings Inc. needs more time to deliver financial detail to some of its creditors, because it is still conducting a review of its accounting.

Banks, especially small ones, that have yet to invest in check imaging technology are increasingly likely to outsource the work rather than license software to use in-house.

Justice Federal Credit Union of Chantilly, Va., has outsourced its anti-money-laundering efforts to Fortent Inc.

Five community banks have agreed to use internal file management software from Financial Services Inc.

Consumers are ready to use their mobile phones for banking and payments, but the market may be slow to develop unless the card networks can encourage more merchants to accept contactless transactions, according to research published this week.

Fidelity National Information Services Inc. has agreed to process transactions for the merchant acquirer Pipeline Data Inc.

The automated teller machine operator Cardtronics Inc. has named two directors to its board.

Boeing Employees Credit Union of Tukwila, Wash., the state's largest credit union, has agreed to buy 50 automated teller machines with check imaging scanners from NCR Corp.

Guaranty Financial Group Inc. of Austin has agreed to offer check scanners from Panini North America Inc. to its remote deposit customers.

The Canadian security software provider Third Brigade Inc. has joined the PCI Security Standards Council.

Winning a dozen new clients last year is helping drive record earnings at the core processing service bureau COCC.

Online Resources Corp. has agreed to offer an automated payment service from SoundBite Communications Inc.

U.S. Bancorp announced Monday that it is testing mobile payments in Spokane, Wash., in conjunction with the credit card company MasterCard Inc.

Fundtech Ltd., a maker of banking software for corporate cash management and foreign exchange, plans to offer remote corporate capture of check images through a partnership with Wausau Financial Systems Inc., a maker of imaging software.

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

CashEdge Inc. says that demand for its account-to-account transfer service has grown sharply in the past year, and that increased transaction volume makes it easier to weed out fraud.

C&F Financial Corp. of West Point, Va., plans to use software from Goldleaf Financial Solutions Inc. of Atlanta to offer a remote capture service.