Bank technology

The Atlanta technology vendor S1 Corp. has started offering a mobile phone banking application to the companies that use its online banking software.

The Monett, Mo., core banking and outsourcing provider Jack Henry & Associates Inc. has purchased AudioTel Corp. of Addison, Tex.

Fundtech Ltd. of Jersey City said 25 banking companies have agreed to use its software to meet standards imposed by the Single Euro Payments Area initiative, which is scheduled to go live in January.

The online brokerage E-Trade Financial Corp. has agreed to use compliance software from the San Jose vendor Agiliance Inc.

MasterCard Inc. has taken the wraps off an automated payments network that uses both purchasing cards and automated clearing house transactions to link businesses with their suppliers.

Fremont Bancorp. of Fremont, Calif., said it has reduced research time on automated clearing house transactions and begun to eliminate recurring errors by using specialized software to identify transaction-flow anomalies.

Forget traditional measurements of customers relationships; business intelligence relies on analytics and economic modeling to determine a customer's value over time.

A payment start-up is hoping to entice the unbanked to shop online by dusting off an idea that has been tried several times in the past with varying degrees of success: charging purchases to a phone bill.

The Walldorf, Germany, software vendor SAP AG says an application it is developing to help companies link their automated banking systems with Swift could accelerate the adoption of electronic payments and reduce the cost of linking corporate financial systems with those of their banks.

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The Reston, Va., communication services company TNS Inc. has agreed to manage the automated teller machine network and data network for Co-op Financial Services.

The Malvern, Pa., payment technology vendor USA Technologies Inc. has installed its card readers in 1,000 self-serve photo booths operated by Foto Fantasy Inc. of Hudson, N.H.

Two bank-owned groups are reporting surprisingly strong gains in image clearing as the industry continues to shifts away from paper checks.

Technology Credit Union has started offering a mobile banking service that uses software from MShift Inc. of San Jose.

The Brookfield, Wis., banking technology and outsourcing firm Fiserv Inc. has purchased WorkingRx Inc., a privately held Salt Lake City provider of back-office processing products and services for pharmacies to handle workers' compensation claims.

Yodlee Inc. of Redwood City, Calif., and CashEdge Inc. of New York, two vendors of online aggregation and transfer products, said Thursday that they had settled their three-year patent dispute.

A ruling last week in a dispute involving the merchant processor Paymentech LP is another sign that the courts have narrowed their views on what types of business process advances can be patented and what constitutes infringement, legal experts said.

Paperless banking is a no-lose, self-funded initiative that benefits all parties involved.