Bank technology

Updated every Tuesday evening, circa 11 p.m. ET. Links may require registration/subscription.

Wells Fargo & Co. announced its entry into the mobile banking market Tuesday by offering a service that uses the Web browser of cell phones and other mobile devices.

Bank of America Corp. is pushing ahead with a project to add check-imaging capabilities to its automated teller machines, arguing that more efficient processing and better customer service will justify the expense.

Links may require registration/subscription.

Banks are succeeding at using the Internet to hold young consumers as customers when they graduate from college and start careers, research indicates.

Bisys Group Inc. announced Monday that its board set Aug. 1 as the date to pay its shareholders a 15-cent special dividend in conjunction with the technology outsourcer's $1.4 billion deal to be sold to Citigroup Inc.

BB&T Corp. announced Monday that it is offering business customers a service to convert checks to automated clearing house transactions in their back offices, under rules that took effect in March.

Bisys Group Inc. declared a special one-time dividend of 15 cents a share Friday to be paid shortly after the company's sale to Citigroup Inc.

The payments processor CyberSource Corp. was downgraded by two analysts Friday after reporting lower second-quarter earnings and warning that it will probably post a third-quarter loss.

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

A small provision in a big patent reform bill could make a big difference to the banking industry at the expense of a small patent holder that claims broad rights over the process of creating and storing check images.

Wells Fargo & Co. plans to announce on Tuesday its entry into the mobile-banking market, with a service that uses the Web browser of cellphones and other mobile devices.

ERF Wireless Inc. announced that First Federal Bank of Louisiana has signed a 10-year contract to offer Internet services to First Federal's customers in southwest and central Louisiana.

Bankers' Bank Northeast, a wholesale correspondent bank in Glastonbury, Conn., has agreed to offer local check-clearing via image to its 165 community-bank customers in New England and New York.

The Senate Judiciary Committee voted Thursday to limit the potential damages banks would incur when they infringe patents during check-clearing processes.

PayPal Inc.'s merchant services revenue grew substantially in the second quarter and helped drive the earnings of its parent company, eBay Inc. Related Links Complete 2Q 2007 Earnings Coverage

Fifth Third Bancorp is applying the imaging expertise that it has acquired in clearing check images to increase efficiency in other operations.